Sign In
Pricing

2022
Flag → Flag
Exports $20.5kRnk 101 / 139
2022
Flag → Flag
Top Product $19.8kPaper Labels
2022
Flag → Flag
Exports $280Rnk 123 / 126
2022
Flag → Flag
Top Product $280Other Animals
2022
Flag
Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
Flag  
GDP$5.64BCURRENT US$
Rnk 152 / 186
2012-2022
Flag
GDP GROWTH22.3%CURRENT US$
Rnk 116 / 186
2022
Flag
GDP PC $20,019CURRENT US$
Rnk 52 / 186
2012-2022
Flag
GDP PC GROWTH19.9%CURRENT US$
Rnk 89 / 186

About

Barbados-Venezuela Trade: In 2022, Barbados exported $20.5k to Venezuela. The main products that Barbados exported to Venezuela were Paper Labels ($19.8k), Hard Liquor ($384), and Jewellery ($297). Over the past 5 years the exports of Barbados to Venezuela have decreased at an annualized rate of 36.8%, from $203k in 2017 to $20.5k in 2022.

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

Venezuela-Barbados Trade: In 2022, Venezuela exported $280 to Barbados. The main products that Venezuela exported to Barbados were Other Animals ($280). Over the past 5 years the exports of Venezuela to Barbados have decreased at an annualized rate of 24.7%,  from $19.6k in 2017 to $280 in 2022.

In 2022, Venezuela 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, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Barbados exported $20.5k to Venezuela. The main products exported from Barbados to Venezuela were Paper Labels ($19.8k), Hard Liquor ($384), and Jewellery ($297). During the last 5 years the exports of Barbados to Venezuela have decreased at an annualized rate of 36.8%, from $203k in 2017 to $20.5k in 2022.

In 2017, Venezuela exported $280 to Barbados. The main products exported from Venezuela to Barbados were Other Animals ($280). During the last 5 years the exports of Venezuela to Barbados have decreased at an annualized rate of 24.7%, from $19.6k in 2022 to $280 in 2017.

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

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

Latest Data

Trade between Barbados (Flag) and Venezuela (Flag)

Barbados Exports

Market Competitiveness

Color
Barbados
Top DestinationUnited States$88.6M
Venezuela
Top DestinationChina$703M

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

In 2022, countries that imported more from Barbados than Venezuela included Jamaica ($43.3M), Trinidad and Tobago ($33.8M), and Saint Lucia ($20.8M).

In 2022, countries that imported more from Venezuela than Barbados included China ($703M), Turkey ($597M), and Spain ($518M).

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

Comparative Advantage Barbados - Venezuela

Flow
Scale

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

During 2022, Barbados had a large net trade with Venezuela in the exports of Paper Goods ($19.8k), Foodstuffs ($384), and Precious Metals ($297).

During 2017, Venezuela had a large net trade with Barbados in the exports of Animal Products ($280).

Economic Complexity

Competitive Landscape

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

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms