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Pricing

2023
Flag → Flag
Exports $1.59MRnk 107 / 174
2023
Flag → Flag
Top Product $413kElectric Batteries
2023
Flag → Flag
Exports $369kRnk 54 / 139
2023
Flag → Flag
Top Product $315kRailway Cargo Containers
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag  
GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 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 $6,610CURRENT US$
Rnk 109 / 195
2013-2023
Flag
GDP PC GROWTH8.19%CURRENT US$
Rnk 141 / 195
2023
Flag
GDP PC$23,804CURRENT US$
Rnk 52 / 196
2013-2023
Flag
GDP PC GROWTH23.3%CURRENT US$
Rnk 93 / 195

About

Ecuador-Barbados Trade: In 2023, Ecuador exported $1.59M to Barbados. The main products that Ecuador exported to Barbados were Electric Batteries ($413k), Animal Food ($174k), and Electrical Transformers ($156k). Over the past 5 years the exports of Ecuador to Barbados have decreased at an annualized rate of 6.92%, from $2.28M in 2018 to $1.59M in 2023.

In 2023, Ecuador did not export any services to Barbados.

Barbados-Ecuador Trade: In 2023, Barbados exported $369k to Ecuador. The main products that Barbados exported to Ecuador were Railway Cargo Containers ($315k), Kaolin ($36.7k), and Natural Polymers ($7.86k). Over the past 5 years the exports of Barbados to Ecuador have increased at an annualized rate of 6.9%,  from $264k in 2018 to $369k in 2023.

In 2023, Barbados did not export any services to Ecuador.

Comparison In 2023,  Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85),  and 65 in total exports ($37.3B). That same year, Barbados ranked 171 in total exports ($421M), 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.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ecuador exported $1.59M to Barbados. The main products exported from Ecuador to Barbados were Electric Batteries ($413k), Animal Food ($174k), and Electrical Transformers ($156k). During the last 5 years the exports of Ecuador to Barbados have decreased at an annualized rate of 6.92%, from $2.28M in 2018 to $1.59M in 2023.

In 2018, Barbados exported $369k to Ecuador. The main products exported from Barbados to Ecuador were Railway Cargo Containers ($315k), Kaolin ($36.7k), and Natural Polymers ($7.86k). During the last 5 years the exports of Barbados to Ecuador have increased at an annualized rate of 6.9%, from $264k in 2023 to $369k in 2018.

Exports from Ecuador (Flag) to Barbados (Flag) (2023)

Exports from Barbados (Flag) to Ecuador (Flag) (2023)

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$8.34B
Barbados
Top DestinationUnited States$91M

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 2023, countries that imported more from Ecuador than Barbados included United States ($8.34B), China ($7.96B), and Panama ($4.38B).

In 2023, countries that imported more from Barbados than Ecuador included Jamaica ($71.2M), Guyana ($24.6M), and Trinidad and Tobago ($33.7M).

Difference in imports from Barbados (Flag) and Ecuador (Flag) (2023)

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 2023, Ecuador had a large net trade with Barbados in the exports of Machines ($592k), Foodstuffs ($299k), and Stone And Glass ($294k).

During 2018, Barbados had a large net trade with Ecuador in the exports of Transportation ($315k), Mineral Products ($36.7k), and Plastics and Rubbers ($7.89k).

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) (2023)

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