2023
Flag  
GDP
$6.72BCURRENT US$
Rnk 156 / 195
2013-2023
Flag
GDP GROWTH
25.4%CURRENT US$
Rnk 124 / 195
2023
Flag
GDP PC 
$23,804CURRENT US$
Rnk 52 / 195
2013-2023
Flag
GDP PC GROWTH
23.3%CURRENT US$
Rnk 93 / 195

About

Barbados-British Virgin Islands Trade: In 2023, Barbados exported $2.14M to British Virgin Islands. The main products that Barbados exported to British Virgin Islands were Packaged Medicaments ($1.05M), Hard Liquor ($283k), and Awnings, Tents, and Sails ($140k). Over the past 5 years the exports of Barbados to British Virgin Islands have decreased at an annualized rate of 11.4%, from $3.94M in 2018 to $2.14M in 2023.

In 2023, Barbados did not export any services to British Virgin Islands.

British Virgin Islands-Barbados Trade: In 2023, British Virgin Islands exported $4.1M to Barbados. The main products that British Virgin Islands exported to Barbados were Molasses ($3.44M), Iron Sheet Piling ($319k), and Alcohol > 80% ABV ($100k). Over the past 5 years the exports of British Virgin Islands to Barbados have increased at an annualized rate of 255%,  from $7.31k in 2018 to $4.1M in 2023.

In 2023, British Virgin Islands did not export any services to Barbados.

Comparison In 2023,  Barbados ranked 171 in total exports ($421M). That same year, British Virgin Islands ranked 178 in total exports ($281M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Barbados exported $2.14M to British Virgin Islands. The main products exported from Barbados to British Virgin Islands were Packaged Medicaments ($1.05M), Hard Liquor ($283k), and Awnings, Tents, and Sails ($140k). During the last 5 years the exports of Barbados to British Virgin Islands have decreased at an annualized rate of 11.4%, from $3.94M in 2018 to $2.14M in 2023.

In 2018, British Virgin Islands exported $4.1M to Barbados. The main products exported from British Virgin Islands to Barbados were Molasses ($3.44M), Iron Sheet Piling ($319k), and Alcohol > 80% ABV ($100k). During the last 5 years the exports of British Virgin Islands to Barbados have increased at an annualized rate of 255%, from $7.31k in 2023 to $4.1M in 2018.

Exports from Barbados (Flag) to British Virgin Islands (Flag) (2023)

Exports from British Virgin Islands (Flag) to Barbados (Flag) (2023)

Latest Data

Trade between Barbados (Flag) and British Virgin Islands (Flag)

Barbados Exports

Market Competitiveness

Color
Barbados
Top Destination
United States$91M
British Virgin Islands
Top Destination
Malta$93.7M

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

In 2023, countries that imported more from Barbados than British Virgin Islands included United States ($91M), Jamaica ($71.2M), and Trinidad and Tobago ($33.7M).

In 2023, countries that imported more from British Virgin Islands than Barbados included Malta ($93.7M), Guyana ($61.6M), and Greece ($30.3M).

Difference in imports from British Virgin Islands (Flag) and Barbados (Flag) (2023)

Comparative Advantage Barbados - British Virgin Islands

Flow
Scale

This chart compares trade between Barbados and British Virgin Islands by product, considering products traded by both, Barbados and British Virgin Islands.

During 2023, Barbados had a large net trade with British Virgin Islands in the exports of Chemical Products ($1.42M), Foodstuffs ($484k), and Textiles ($142k).

During 2018, British Virgin Islands had a large net trade with Barbados in the exports of Foodstuffs ($3.54M), Metals ($336k), and Machines ($131k).

Economic Complexity

Competitive Landscape

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

Product Space of Barbados (Flag) and British Virgin Islands (Flag) (2023)

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