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Pricing

2022
Flag → Flag
Exports $26.5MRnk 38 / 163
2022
Flag → Flag
Top Product $8.86MMolasses
2022
Flag → Flag
Exports $6.41MRnk 14 / 139
2022
Flag → Flag
Top Product $2.85MPaper Labels
2022
Flag
Economic Complexity (ECI) ECI 0.052Rnk 62 / 133
2022
Flag  
GDP$114BCURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP GROWTH87.3%CURRENT US$
Rnk 23 / 186
2022
Flag
 GDP$5.64BCURRENT US$
Rnk 152 / 186
2012-2022
Flag
GDP GROWTH22.3%CURRENT US$
Rnk 116 / 186
2022
Flag
GDP PC $10,121CURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 19 / 186
2022
Flag
GDP PC$20,019CURRENT US$
Rnk 52 / 186
2012-2022
Flag
GDP PC GROWTH19.9%CURRENT US$
Rnk 89 / 186

About

Dominican Republic-Barbados Trade: In 2022, Dominican Republic exported $26.5M to Barbados. The main products that Dominican Republic exported to Barbados were Molasses ($8.86M), Other Processed Vegetables ($1.35M), and Knit T-shirts ($1.23M). Over the past 5 years the exports of Dominican Republic to Barbados have increased at an annualized rate of 17.3%, from $11.9M in 2017 to $26.5M in 2022.

In 2022, Dominican Republic did not export any services to Barbados.

Barbados-Dominican Republic Trade: In 2022, Barbados exported $6.41M to Dominican Republic. The main products that Barbados exported to Dominican Republic were Paper Labels ($2.85M), Kaolin ($2.64M), and Hard Liquor ($360k). Over the past 5 years the exports of Barbados to Dominican Republic have decreased at an annualized rate of 3.7%,  from $7.74M in 2017 to $6.41M in 2022.

In 2022, Barbados did not export any services to Dominican Republic.

Comparison In 2022,  Dominican Republic ranked 62 in the Economic Complexity Index (ECI 0.052),  and 92 in total exports ($13.8B). 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, Dominican Republic exported $26.5M to Barbados. The main products exported from Dominican Republic to Barbados were Molasses ($8.86M), Other Processed Vegetables ($1.35M), and Knit T-shirts ($1.23M). During the last 5 years the exports of Dominican Republic to Barbados have increased at an annualized rate of 17.3%, from $11.9M in 2017 to $26.5M in 2022.

In 2017, Barbados exported $6.41M to Dominican Republic. The main products exported from Barbados to Dominican Republic were Paper Labels ($2.85M), Kaolin ($2.64M), and Hard Liquor ($360k). During the last 5 years the exports of Barbados to Dominican Republic have decreased at an annualized rate of 3.7%, from $7.74M in 2022 to $6.41M in 2017.

Exports from Dominican Republic (Flag) to Barbados (Flag) (2022)

Exports from Barbados (Flag) to Dominican Republic (Flag) (2022)

Latest Data

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

Dominican Republic Exports

Barbados Exports

Market Competitiveness

Color
Dominican Republic
Top DestinationUnited States$6.85B
Barbados
Top DestinationUnited States$88.6M

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 2022, countries that imported more from Dominican Republic than Barbados included United States ($6.85B), Switzerland ($1.08B), and Haiti ($1.02B).

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

Difference in imports from Barbados (Flag) and Dominican Republic (Flag) (2022)

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 2022, Dominican Republic had a large net trade with Barbados in the exports of Foodstuffs ($12.6M), Plastics and Rubbers ($4.87M), and Chemical Products ($2.91M).

During 2017, Barbados had a large net trade with Dominican Republic in the exports of Paper Goods ($2.85M), Mineral Products ($2.64M), and Foodstuffs ($360k).

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) (2022)

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