2022
Flag  
GDP
$301BCURRENT US$
Rnk 45 / 186
2012-2022
Flag
GDP GROWTH
12.7%CURRENT US$
Rnk 142 / 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 
$15,356CURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP PC GROWTH
-0.33%CURRENT US$
Rnk 144 / 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

Chile-Barbados Trade: In 2022, Chile exported $3.51M to Barbados. The main products that Chile exported to Barbados were Plywood ($1.78M), Wine ($531k), and Dried/Salted/Smoked/Brined Fish ($265k). Over the past 5 years the exports of Chile to Barbados have decreased at an annualized rate of 4.02%, from $4.3M in 2017 to $3.51M in 2022.

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

Barbados-Chile Trade: In 2022, Barbados exported $147k to Chile. The main products that Barbados exported to Chile were Orthopedic Appliances ($105k), Recovered Paper ($13.5k), and Medical Instruments ($13k). Over the past 5 years the exports of Barbados to Chile have decreased at an annualized rate of 25.3%,  from $631k in 2017 to $147k in 2022.

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

Comparison In 2022,  Chile ranked 74 in the Economic Complexity Index (ECI -0.18),  and 44 in total exports ($99B). 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, Chile exported $3.51M to Barbados. The main products exported from Chile to Barbados were Plywood ($1.78M), Wine ($531k), and Dried/Salted/Smoked/Brined Fish ($265k). During the last 5 years the exports of Chile to Barbados have decreased at an annualized rate of 4.02%, from $4.3M in 2017 to $3.51M in 2022.

In 2017, Barbados exported $147k to Chile. The main products exported from Barbados to Chile were Orthopedic Appliances ($105k), Recovered Paper ($13.5k), and Medical Instruments ($13k). During the last 5 years the exports of Barbados to Chile have decreased at an annualized rate of 25.3%, from $631k in 2022 to $147k in 2017.

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

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

Market Competitiveness

Color
Chile
Top Destination
China$38.5B
Barbados
Top Destination
United States$88.6M

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

In 2022, countries that imported more from Chile than Barbados included China ($38.5B), United States ($13.9B), and Japan ($7.43B).

In 2022, countries that imported more from Barbados than Chile included Guyana ($29.7M), Saint Lucia ($20.8M), and Saint Vincent and the Grenadines ($14.1M).

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

Comparative Advantage Chile - Barbados

Flow
Scale

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

During 2022, Chile had a large net trade with Barbados in the exports of Wood Products ($1.91M), Foodstuffs ($1.09M), and Animal Products ($265k).

During 2017, Barbados had a large net trade with Chile in the exports of Instruments ($118k), Paper Goods ($13.5k), and Chemical Products ($10.4k).

Economic Complexity

Competitive Landscape

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

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

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