2022
Flag  
GDP
$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH
17%CURRENT US$
Rnk 129 / 186
2022
Flag
 GDP
$5.64BCURRENT US$
Rnk 152 / 186
2012-2022
Flag
GDP GROWTH
22.3%CURRENT US$
Rnk 116 / 186
2022
Flag
GDP PC 
$54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH
4.36%CURRENT US$
Rnk 130 / 186
2022
Flag
GDP PC
$20,019CURRENT US$
Rnk 52 / 186
2012-2022
Flag
GDP PC GROWTH
19.9%CURRENT US$
Rnk 89 / 186

About

Canada-Barbados Trade: In 2022, Canada exported $44M to Barbados. The main products that Canada exported to Barbados were Pig Meat ($5.87M), Processed Fish ($3.08M), and Monofilament ($2.12M). Over the past 5 years the exports of Canada to Barbados have increased at an annualized rate of 4.89%, from $34.7M in 2017 to $44M in 2022.

In 2020, Canada exported services to Barbados worth $160M, with Financial services ($65.6M), Insurance services ($38M), and Royalties and license fees ($35M) being the largest in terms of value.

Barbados-Canada Trade: In 2022, Barbados exported $21.6M to Canada. The main products that Barbados exported to Canada were Hard Liquor ($7.68M), Scrap Iron ($5.03M), and Alcohol > 80% ABV ($4.91M). Over the past 5 years the exports of Barbados to Canada have increased at an annualized rate of 11.7%,  from $12.4M in 2017 to $21.6M in 2022.

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

Comparison In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92),  and 9 in total exports ($587B). That same year, Barbados ranked 176 in total exports ($393M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $44M to Barbados. The main products exported from Canada to Barbados were Pig Meat ($5.87M), Processed Fish ($3.08M), and Monofilament ($2.12M). During the last 5 years the exports of Canada to Barbados have increased at an annualized rate of 4.89%, from $34.7M in 2017 to $44M in 2022.

In 2017, Barbados exported $21.6M to Canada. The main products exported from Barbados to Canada were Hard Liquor ($7.68M), Scrap Iron ($5.03M), and Alcohol > 80% ABV ($4.91M). During the last 5 years the exports of Barbados to Canada have increased at an annualized rate of 11.7%, from $12.4M in 2022 to $21.6M in 2017.

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

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

Market Competitiveness

Color
Canada
Top Destination
United States$438B
Barbados
Top Destination
United States$88.6M

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

In 2022, countries that imported more from Canada than Barbados included United States ($438B), China ($25.4B), and Japan ($14.3B).

In 2022, countries that imported more from Barbados than Canada included Saint Lucia ($20.8M), Saint Vincent and the Grenadines ($14.1M), and Grenada ($13.5M).

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

Comparative Advantage Canada - Barbados

Flow
Scale

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

During 2022, Canada had a large net trade with Barbados in the exports of Animal Products ($8.78M), Foodstuffs ($7.76M), and Plastics and Rubbers ($5.86M).

During 2017, Barbados had a large net trade with Canada in the exports of Foodstuffs ($13.2M), Metals ($5.12M), and Transportation ($1.07M).

Economic Complexity

Competitive Landscape

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

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

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