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2022
Flag → Flag
Exports $10.2kRnk 111 / 139
2022
Flag → Flag
Top Product $8.98kRailway Cargo Containers
2022
Flag → Flag
Exports $3.56MRnk 94 / 168
2022
Flag → Flag
Top Product $3.04MFrozen Bovine Meat
2022
Flag
Economic Complexity (ECI) ECI 0.15Rnk 57 / 133
2022
Flag  
GDP$5.64BCURRENT US$
Rnk 152 / 186
2012-2022
Flag
GDP GROWTH22.3%CURRENT US$
Rnk 116 / 186
2022
Flag
 GDP$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 96 / 186
2022
Flag
GDP PC $20,019CURRENT US$
Rnk 52 / 186
2012-2022
Flag
GDP PC GROWTH19.9%CURRENT US$
Rnk 89 / 186
2022
Flag
GDP PC$20,795CURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP PC GROWTH29.3%CURRENT US$
Rnk 65 / 186

About

Barbados-Uruguay Trade: In 2022, Barbados exported $10.2k to Uruguay. The main products that Barbados exported to Uruguay were Railway Cargo Containers ($8.98k), Centrifuges ($1.09k), and Knit Men's Undergarments ($177). Over the past 5 years the exports of Barbados to Uruguay have decreased at an annualized rate of 40%, from $132k in 2017 to $10.2k in 2022.

In 2022, Barbados did not export any services to Uruguay.

Uruguay-Barbados Trade: In 2022, Uruguay exported $3.56M to Barbados. The main products that Uruguay exported to Barbados were Frozen Bovine Meat ($3.04M), Padlocks ($222k), and Bovine Meat ($98.5k). Over the past 5 years the exports of Uruguay to Barbados have decreased at an annualized rate of 3.91%,  from $4.9M in 2017 to $3.56M in 2022.

In 2022, Uruguay did not export any services to Barbados.

Comparison In 2022,  Barbados ranked 176 in total exports ($393M), and does not have data regarding Economic Complexity Index. That same year, Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Barbados exported $10.2k to Uruguay. The main products exported from Barbados to Uruguay were Railway Cargo Containers ($8.98k), Centrifuges ($1.09k), and Knit Men's Undergarments ($177). During the last 5 years the exports of Barbados to Uruguay have decreased at an annualized rate of 40%, from $132k in 2017 to $10.2k in 2022.

In 2017, Uruguay exported $3.56M to Barbados. The main products exported from Uruguay to Barbados were Frozen Bovine Meat ($3.04M), Padlocks ($222k), and Bovine Meat ($98.5k). During the last 5 years the exports of Uruguay to Barbados have decreased at an annualized rate of 3.91%, from $4.9M in 2022 to $3.56M in 2017.

Exports from Barbados (Flag) to Uruguay (Flag) (2022)

Exports from Uruguay (Flag) to Barbados (Flag) (2022)

Latest Data

Trade between Barbados (Flag) and Uruguay (Flag)

Barbados Exports

Uruguay Exports

Market Competitiveness

Color
Barbados
Top DestinationUnited States$88.6M
Uruguay
Top DestinationChina$2.89B

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

In 2022, countries that imported more from Barbados than Uruguay included Guyana ($29.7M), Saint Lucia ($20.8M), and Trinidad and Tobago ($33.8M).

In 2022, countries that imported more from Uruguay than Barbados included China ($2.89B), Brazil ($1.69B), and Argentina ($999M).

Difference in imports from Uruguay (Flag) and Barbados (Flag) (2022)

Comparative Advantage Barbados - Uruguay

Flow
Scale

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

During 2022, Barbados had a large net trade with Uruguay in the exports of Transportation ($8.98k), Machines ($1.09k), and Textiles ($177).

During 2017, Uruguay had a large net trade with Barbados in the exports of Animal Products ($3.14M), Metals ($222k), and Chemical Products ($129k).

Economic Complexity

Competitive Landscape

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

Product Space of Barbados (Flag) and Uruguay (Flag) (2022)

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