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2023
Flag → Flag
Exports $21.6MRnk 43 / 166
2023
Flag → Flag
Top Product $1.74MKnit T-shirts
2023
Flag → Flag
Exports $4.72MRnk 18 / 139
2023
Flag → Flag
Top Product $2.13MPaper Labels
2023
Flag
Economic Complexity (ECI) ECI 0.04Rnk 62 / 132
2023
Flag  
GDP$121BCURRENT US$
Rnk 62 / 195
2013-2023
Flag
GDP GROWTH93.7%CURRENT US$
Rnk 18 / 195
2023
Flag
 GDP$6.72BCURRENT US$
Rnk 156 / 195
2013-2023
Flag
GDP GROWTH25.4%CURRENT US$
Rnk 124 / 195
2023
Flag
GDP PC $10,718CURRENT US$
Rnk 87 / 195
2013-2023
Flag
GDP PC GROWTH74.3%CURRENT US$
Rnk 21 / 195
2023
Flag
GDP PC$23,804CURRENT US$
Rnk 52 / 196
2013-2023
Flag
GDP PC GROWTH23.3%CURRENT US$
Rnk 93 / 195

About

Dominican Republic-Barbados Trade: In 2023, Dominican Republic exported $21.6M to Barbados. The main products that Dominican Republic exported to Barbados were Knit T-shirts ($1.74M), Other Processed Vegetables ($1.55M), and Plastic Lids ($1.28M). Over the past 5 years the exports of Dominican Republic to Barbados have increased at an annualized rate of 9.21%, from $13.9M in 2018 to $21.6M in 2023.

In 2023, Dominican Republic did not export any services to Barbados.

Barbados-Dominican Republic Trade: In 2023, Barbados exported $4.72M to Dominican Republic. The main products that Barbados exported to Dominican Republic were Paper Labels ($2.13M), Kaolin ($1.39M), and Hard Liquor ($435k). Over the past 5 years the exports of Barbados to Dominican Republic have increased at an annualized rate of 5.77%,  from $3.57M in 2018 to $4.72M in 2023.

In 2023, Barbados did not export any services to Dominican Republic.

Comparison In 2023,  Dominican Republic ranked 62 in the Economic Complexity Index (ECI 0.04),  and 91 in total exports ($13.6B). That same year, Barbados ranked 171 in total exports ($421M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Dominican Republic exported $21.6M to Barbados. The main products exported from Dominican Republic to Barbados were Knit T-shirts ($1.74M), Other Processed Vegetables ($1.55M), and Plastic Lids ($1.28M). During the last 5 years the exports of Dominican Republic to Barbados have increased at an annualized rate of 9.21%, from $13.9M in 2018 to $21.6M in 2023.

In 2018, Barbados exported $4.72M to Dominican Republic. The main products exported from Barbados to Dominican Republic were Paper Labels ($2.13M), Kaolin ($1.39M), and Hard Liquor ($435k). During the last 5 years the exports of Barbados to Dominican Republic have increased at an annualized rate of 5.77%, from $3.57M in 2023 to $4.72M in 2018.

Exports from Dominican Republic (Flag) to Barbados (Flag) (2023)

Exports from Barbados (Flag) to Dominican Republic (Flag) (2023)

Latest Data

Trade between Dominican Republic (Flag) and Barbados (Flag)

Dominican Republic Exports

Barbados Exports

Market Competitiveness

Color
Dominican Republic
Top DestinationUnited States$7.08B
Barbados
Top DestinationUnited States$91M

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

In 2023, countries that imported more from Dominican Republic than Barbados included United States ($7.08B), Switzerland ($885M), and Haiti ($856M).

In 2023, countries that imported more from Barbados than Dominican Republic included Saint Lucia ($19.5M), Grenada ($13.4M), and Saint Vincent and the Grenadines ($10.9M).

Difference in imports from Barbados (Flag) and Dominican Republic (Flag) (2023)

Comparative Advantage Dominican Republic - Barbados

Flow
Scale

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

During 2023, Dominican Republic had a large net trade with Barbados in the exports of Foodstuffs ($4.9M), Plastics and Rubbers ($3.89M), and Textiles ($3.11M).

During 2018, Barbados had a large net trade with Dominican Republic in the exports of Paper Goods ($2.17M), Mineral Products ($1.39M), and Foodstuffs ($462k).

Economic Complexity

Competitive Landscape

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

Product Space of Dominican Republic (Flag) and Barbados (Flag) (2023)

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