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2023
Flag → Flag
Exports $2.05MRnk 31 / 139
2023
Flag → Flag
Top Product $1.15MScrap Iron
2023
Flag → Flag
Exports $3.89MRnk 164 / 212
2023
Flag → Flag
Top Product $405kRubberworking Machinery
2023
Flag
Economic Complexity (ECI) ECI 2Rnk 2 / 132
2023
Flag  
GDP$6.72BCURRENT US$
Rnk 156 / 195
2013-2023
Flag
GDP GROWTH25.4%CURRENT US$
Rnk 124 / 195
2023
Flag
GDP PC $23,804CURRENT US$
Rnk 52 / 195
2013-2023
Flag
GDP PC GROWTH23.3%CURRENT US$
Rnk 93 / 195

About

Barbados-Chinese Taipei Trade: In 2023, Barbados exported $2.05M to Chinese Taipei. The main products that Barbados exported to Chinese Taipei were Scrap Iron ($1.15M), Hard Liquor ($295k), and Recovered Paper ($242k). Over the past 5 years the exports of Barbados to Chinese Taipei have decreased at an annualized rate of 2.1%, from $2.28M in 2018 to $2.05M in 2023.

In 2023, Barbados did not export any services to Chinese Taipei.

Chinese Taipei-Barbados Trade: In 2023, Chinese Taipei exported $3.89M to Barbados. The main products that Chinese Taipei exported to Barbados were Rubberworking Machinery ($405k), Motor vehicles; parts and accessories (8701 to 8705) ($372k), and Metal Mountings ($331k). Over the past 5 years the exports of Chinese Taipei to Barbados have decreased at an annualized rate of 5.94%,  from $5.29M in 2018 to $3.89M in 2023.

In 2023, Chinese Taipei did not export any services to Barbados.

Comparison In 2023,  Barbados ranked 171 in total exports ($421M), and does not have data regarding Economic Complexity Index. That same year, Chinese Taipei ranked 2 in the Economic Complexity Index (ECI 2), and 11 in total exports ($509B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Barbados exported $2.05M to Chinese Taipei. The main products exported from Barbados to Chinese Taipei were Scrap Iron ($1.15M), Hard Liquor ($295k), and Recovered Paper ($242k). During the last 5 years the exports of Barbados to Chinese Taipei have decreased at an annualized rate of 2.1%, from $2.28M in 2018 to $2.05M in 2023.

In 2018, Chinese Taipei exported $3.89M to Barbados. The main products exported from Chinese Taipei to Barbados were Rubberworking Machinery ($405k), Motor vehicles; parts and accessories (8701 to 8705) ($372k), and Metal Mountings ($331k). During the last 5 years the exports of Chinese Taipei to Barbados have decreased at an annualized rate of 5.94%, from $5.29M in 2023 to $3.89M in 2018.

Exports from Barbados (Flag) to Chinese Taipei (Flag) (2023)

Exports from Chinese Taipei (Flag) to Barbados (Flag) (2023)

Market Competitiveness

Color
Barbados
Top DestinationUnited States$91M
Chinese Taipei
Top DestinationChina$101B

This map shows whether countries import more from Barbados or Chinese Taipei. Each country is colored based on the difference in imports they receive from Barbados and Chinese Taipei or the difference in the growth in imports.

In 2023, countries that imported more from Barbados than Chinese Taipei included Jamaica ($71.2M), Guyana ($24.6M), and Saint Lucia ($19.5M).

In 2023, countries that imported more from Chinese Taipei than Barbados included China ($101B), United States ($85.6B), and Hong Kong ($66.1B).

Difference in imports from Chinese Taipei (Flag) and Barbados (Flag) (2023)

Comparative Advantage Barbados - Chinese Taipei

Flow
Scale

This chart compares trade between Barbados and Chinese Taipei by product, considering products traded by both, Barbados and Chinese Taipei.

During 2023, Barbados had a large net trade with Chinese Taipei in the exports of Metals ($1.31M), Foodstuffs ($295k), and Paper Goods ($259k).

During 2018, Chinese Taipei had a large net trade with Barbados in the exports of Machines ($840k), Metals ($624k), and Plastics and Rubbers ($597k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Barbados and Chinese Taipei. This means that a dot/product with the flag of Barbados indicates it has a comparative advantage over Chinese Taipei. Similarly, a dot/product with the flag of Chinese Taipei indicates it has a comparative advantage over Barbados.

Product Space of Barbados (Flag) and Chinese Taipei (Flag) (2023)

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