2022
Flag  
GDP
$38.1BCURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP GROWTH
65.5%CURRENT US$
Rnk 34 / 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 
$28,333CURRENT US$
Rnk 41 / 186
2012-2022
Flag
GDP PC GROWTH
62.8%CURRENT US$
Rnk 23 / 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

Estonia-Barbados Trade: In 2022, Estonia exported $48.4k to Barbados. The main products that Estonia exported to Barbados were Calculators ($27.7k), Motor vehicles; parts and accessories (8701 to 8705) ($6.93k), and Non-Knit Active Wear ($4.24k). Over the past 5 years the exports of Estonia to Barbados have increased at an annualized rate of 1.51%, from $44.9k in 2017 to $48.4k in 2022.

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

Barbados-Estonia Trade: In 2022, Barbados exported $273k to Estonia. The main products that Barbados exported to Estonia were Hard Liquor ($263k), Electrical Resistors ($7.35k), and Knit Women's Suits ($601). Over the past 5 years the exports of Barbados to Estonia have decreased at an annualized rate of 3.1%,  from $319k in 2017 to $273k in 2022.

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

Comparison In 2022,  Estonia ranked 74 in total exports ($23.1B). That same year, Barbados ranked 176 in total exports ($393M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Estonia exported $48.4k to Barbados. The main products exported from Estonia to Barbados were Calculators ($27.7k), Motor vehicles; parts and accessories (8701 to 8705) ($6.93k), and Non-Knit Active Wear ($4.24k). During the last 5 years the exports of Estonia to Barbados have increased at an annualized rate of 1.51%, from $44.9k in 2017 to $48.4k in 2022.

In 2017, Barbados exported $273k to Estonia. The main products exported from Barbados to Estonia were Hard Liquor ($263k), Electrical Resistors ($7.35k), and Knit Women's Suits ($601). During the last 5 years the exports of Barbados to Estonia have decreased at an annualized rate of 3.1%, from $319k in 2022 to $273k in 2017.

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

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

Latest Data

Trade between Estonia (Flag) and Barbados (Flag)

Estonia Exports

Barbados Exports

Date

Market Competitiveness

Color
Estonia
Top Destination
Finland$3B
Barbados
Top Destination
United States$88.6M

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

In 2022, countries that imported more from Estonia than Barbados included Finland ($3B), Latvia ($2.77B), and Sweden ($1.9B).

In 2022, countries that imported more from Barbados than Estonia included Jamaica ($43.3M), Trinidad and Tobago ($33.8M), and Guyana ($29.7M).

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

Comparative Advantage Estonia - Barbados

Flow
Scale

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

During 2022, Estonia had a large net trade with Barbados in the exports of Machines ($33.3k), Transportation ($6.93k), and Textiles ($6.22k).

During 2017, Barbados had a large net trade with Estonia in the exports of Foodstuffs ($263k), Machines ($7.41k), and Textiles ($1.88k).

Economic Complexity

Competitive Landscape

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

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

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