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2022
Flag → Flag
Exports $5.27MRnk 124 / 205
2022
Flag → Flag
Top Product $2.49MCars
2022
Flag → Flag
Exports $2.68kRnk 80 / 139
2022
Flag → Flag
Top Product $55.3kRailway Cargo Containers
2022
Flag
Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
Flag  
GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH38.8%CURRENT US$
Rnk 86 / 186
2022
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 GDP$5.64BCURRENT US$
Rnk 152 / 186
2012-2022
Flag
GDP GROWTH22.3%CURRENT US$
Rnk 116 / 186
2022
Flag
GDP PC $18,463CURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP PC GROWTH42.2%CURRENT US$
Rnk 44 / 186
2022
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GDP PC$20,019CURRENT US$
Rnk 52 / 186
2012-2022
Flag
GDP PC GROWTH19.9%CURRENT US$
Rnk 89 / 186

About

Hungary-Barbados Trade: In 2022, Hungary exported $5.27M to Barbados. The main products that Hungary exported to Barbados were Cars ($2.49M), Motor vehicles; parts and accessories (8701 to 8705) ($185k), and Plastic Lids ($154k). Over the past 5 years the exports of Hungary to Barbados have increased at an annualized rate of 110%, from $130k in 2017 to $5.27M in 2022.

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

Barbados-Hungary Trade: In 2022, Barbados exported $2.68k to Hungary. The main products that Barbados exported to Hungary were Railway Cargo Containers ($55.3k) and Broadcasting Equipment ($18.2k). Over the past 5 years the exports of Barbados to Hungary have decreased at an annualized rate of 39.1%,  from $31.9k in 2017 to $2.68k in 2022.

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

Comparison In 2022,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.38),  and 35 in total exports ($145B). 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, Hungary exported $5.27M to Barbados. The main products exported from Hungary to Barbados were Cars ($2.49M), Motor vehicles; parts and accessories (8701 to 8705) ($185k), and Plastic Lids ($154k). During the last 5 years the exports of Hungary to Barbados have increased at an annualized rate of 110%, from $130k in 2017 to $5.27M in 2022.

In 2016, Barbados exported $2.68k to Hungary. The main products exported from Barbados to Hungary were Railway Cargo Containers ($55.3k) and Broadcasting Equipment ($18.2k). During the last 21 years the exports of Barbados to Hungary have decreased at an annualized rate of 39.1%, from $31.9k in 1995 to $2.68k in 2016.

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

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

Latest Data

Trade between Hungary (Flag) and Barbados (Flag)

Hungary Exports

Barbados Exports

Market Competitiveness

Color
Hungary
Top DestinationGermany$35.5B
Barbados
Top DestinationUnited States$88.6M

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

In 2022, countries that imported more from Hungary than Barbados included Germany ($35.5B), Italy ($8.02B), and Romania ($7.94B).

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

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

Comparative Advantage Hungary - Barbados

Flow
Scale

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

During 2022, Hungary had a large net trade with Barbados in the exports of Transportation ($2.68M), Plastics and Rubbers ($317k), and Machines ($69.7k).

During 2016, Barbados had a large net trade with Hungary in the exports of Transportation ($55.3k) and Machines ($18.2k).

Economic Complexity

Competitive Landscape

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

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

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