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2023
Flag → Flag
Exports $20.3kRnk 98 / 139
2023
Flag → Flag
Top Product $17.1kRailway Cargo Containers
2023
Flag → Flag
Exports $5.11MRnk 89 / 166
2023
Flag → Flag
Top Product $4.8MFrozen Bovine Meat
2023
Flag
Economic Complexity (ECI) ECI 0.22Rnk 52 / 132
2023
Flag  
GDP$6.72BCURRENT US$
Rnk 156 / 195
2013-2023
Flag
GDP GROWTH25.4%CURRENT US$
Rnk 124 / 195
2023
Flag
 GDP$77.2BCURRENT US$
Rnk 81 / 195
2013-2023
Flag
GDP GROWTH25.9%CURRENT US$
Rnk 122 / 195
2023
Flag
GDP PC $23,804CURRENT US$
Rnk 52 / 195
2013-2023
Flag
GDP PC GROWTH23.3%CURRENT US$
Rnk 93 / 195
2023
Flag
GDP PC$22,798CURRENT US$
Rnk 54 / 196
2013-2023
Flag
GDP PC GROWTH24.3%CURRENT US$
Rnk 90 / 195

About

Barbados-Uruguay Trade: In 2023, Barbados exported $20.3k to Uruguay. The main products that Barbados exported to Uruguay were Railway Cargo Containers ($17.1k), Narrow Woven Fabric ($2.83k), and Centrifuges ($326). Over the past 5 years the exports of Barbados to Uruguay have decreased at an annualized rate of 19.1%, from $58.7k in 2018 to $20.3k in 2023.

In 2023, Barbados did not export any services to Uruguay.

Uruguay-Barbados Trade: In 2023, Uruguay exported $5.11M to Barbados. The main products that Uruguay exported to Barbados were Frozen Bovine Meat ($4.8M), Nonaqueous Paints ($62.3k), and Sawn Wood ($62.1k). Over the past 5 years the exports of Uruguay to Barbados have increased at an annualized rate of 2.14%,  from $4.6M in 2018 to $5.11M in 2023.

In 2023, Uruguay 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, Uruguay ranked 52 in the Economic Complexity Index (ECI 0.22), and 100 in total exports ($11B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Barbados exported $20.3k to Uruguay. The main products exported from Barbados to Uruguay were Railway Cargo Containers ($17.1k), Narrow Woven Fabric ($2.83k), and Centrifuges ($326). During the last 5 years the exports of Barbados to Uruguay have decreased at an annualized rate of 19.1%, from $58.7k in 2018 to $20.3k in 2023.

In 2018, Uruguay exported $5.11M to Barbados. The main products exported from Uruguay to Barbados were Frozen Bovine Meat ($4.8M), Nonaqueous Paints ($62.3k), and Sawn Wood ($62.1k). During the last 5 years the exports of Uruguay to Barbados have increased at an annualized rate of 2.14%, from $4.6M in 2023 to $5.11M in 2018.

Exports from Barbados (Flag) to Uruguay (Flag) (2023)

Exports from Uruguay (Flag) to Barbados (Flag) (2023)

Latest Data

Trade between Barbados (Flag) and Uruguay (Flag)

Barbados Exports

Uruguay Exports

Market Competitiveness

Color
Barbados
Top DestinationUnited States$91M
Uruguay
Top DestinationChina$2.34B

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

In 2023, countries that imported more from Uruguay than Barbados included China ($2.34B), Brazil ($1.92B), and United States ($880M).

Difference in imports from Uruguay (Flag) and Barbados (Flag) (2023)

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 2023, Barbados had a large net trade with Uruguay in the exports of Transportation ($17.1k), Textiles ($2.87k), and Machines ($334).

During 2018, Uruguay had a large net trade with Barbados in the exports of Animal Products ($4.8M), Chemical Products ($108k), and Miscellaneous ($62.8k).

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) (2023)

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