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Pricing

2022
Flag → Flag
Exports $1.19MRnk 112 / 170
2022
Flag → Flag
Top Product $488kElectric Batteries
2022
Flag → Flag
Exports $459kRnk 47 / 139
2022
Flag → Flag
Top Product $236kRailway Cargo Containers
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag  
GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 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 $6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186
2022
Flag
GDP PC$20,019CURRENT US$
Rnk 52 / 186
2012-2022
Flag
GDP PC GROWTH19.9%CURRENT US$
Rnk 89 / 186

About

Ecuador-Barbados Trade: In 2022, Ecuador exported $1.19M to Barbados. The main products that Ecuador exported to Barbados were Electric Batteries ($488k), Animal Food ($193k), and Unglazed Ceramics ($169k). Over the past 5 years the exports of Ecuador to Barbados have increased at an annualized rate of 6.13%, from $885k in 2017 to $1.19M in 2022.

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

Barbados-Ecuador Trade: In 2022, Barbados exported $459k to Ecuador. The main products that Barbados exported to Ecuador were Railway Cargo Containers ($236k), Ethylene Polymers ($164k), and Kaolin ($48.3k). Over the past 5 years the exports of Barbados to Ecuador have increased at an annualized rate of 40.2%,  from $84.5k in 2017 to $459k in 2022.

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

Comparison In 2022,  Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96),  and 68 in total exports ($36B). That same year, Barbados ranked 176 in total exports ($393M), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $240k and imported $33.2k from Barbados, resulting in a positive trade balance of $207k. Between December 2020 and December 2021 the exports of Ecuador have increased by $224k (1.4k%) from $16k to $240k, while imports increased by $28.4k (599%) from $4.75k to $33.2k.

Trade In December 2021, the top exports of Ecuador to Barbados were . In December 2021 the top imports of Ecuador from Barbados were .

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($238k) and Guayaquil-Aéreo ($1.51k), while imports destinations were mainly Guayaquil-Marítimo ($33.2k).

Growth In December 2021, the increase in Ecuador's year-by-year exports to Barbados was explained primarily by an increase in product exports in . In December 2021, the increase in Ecuador's year-by-year imports  from Barbados was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$224k(1.4k%)
IMPORT GROWTH (December 2020 - December 2021)$28.4k(599%)
MAIN EXPORTER (December 2021)Guayaquil-Marítimo$238k

This section shows exports and imports data at subnational level for Ecuador. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Ecuador over time.

To check Barbados and Ecuador trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ecuador exported $1.19M to Barbados. The main products exported from Ecuador to Barbados were Electric Batteries ($488k), Animal Food ($193k), and Unglazed Ceramics ($169k). During the last 5 years the exports of Ecuador to Barbados have increased at an annualized rate of 6.13%, from $885k in 2017 to $1.19M in 2022.

In 2017, Barbados exported $459k to Ecuador. The main products exported from Barbados to Ecuador were Railway Cargo Containers ($236k), Ethylene Polymers ($164k), and Kaolin ($48.3k). During the last 5 years the exports of Barbados to Ecuador have increased at an annualized rate of 40.2%, from $84.5k in 2022 to $459k in 2017.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$9.86B
Barbados
Top DestinationUnited States$88.6M

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

In 2022, countries that imported more from Ecuador than Barbados included United States ($9.86B), China ($6.17B), and Panama ($4.97B).

In 2022, countries that imported more from Barbados than Ecuador included Guyana ($29.7M), Trinidad and Tobago ($33.8M), and Saint Lucia ($20.8M).

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

Comparative Advantage Ecuador - Barbados

Flow
Scale

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

During 2022, Ecuador had a large net trade with Barbados in the exports of Machines ($492k), Stone And Glass ($225k), and Foodstuffs ($205k).

During 2017, Barbados had a large net trade with Ecuador in the exports of Transportation ($236k), Plastics and Rubbers ($164k), and Mineral Products ($48.3k).

Economic Complexity

Competitive Landscape

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

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

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