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2022
Flag → Flag
Exports $22.2MRnk 167 / 217
2022
Flag → Flag
Top Product $8.35MCars
2022
Flag → Flag
Exports $1.29MRnk 30 / 139
2022
Flag → Flag
Top Product $525kIndustrial Fatty Acids, Oils and Alcohols
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 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 $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$20,019CURRENT US$
Rnk 52 / 186
2012-2022
Flag
GDP PC GROWTH19.9%CURRENT US$
Rnk 89 / 186

About

India-Barbados Trade: In 2022, India exported $22.2M to Barbados. The main products that India exported to Barbados were Cars ($8.35M), Packaged Medicaments ($2.39M), and Coated Flat-Rolled Iron ($2.31M). Over the past 5 years the exports of India to Barbados have increased at an annualized rate of 5.31%, from $17.1M in 2017 to $22.2M in 2022.

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

Barbados-India Trade: In 2022, Barbados exported $1.29M to India. The main products that Barbados exported to India were Industrial Fatty Acids, Oils and Alcohols ($525k), Scrap Iron ($352k), and Electrical Parts ($215k). Over the past 5 years the exports of Barbados to India have increased at an annualized rate of 75.9%,  from $76.6k in 2017 to $1.29M in 2022.

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

Comparison In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64),  and 15 in total exports ($468B). That same year, Barbados ranked 176 in total exports ($393M), and does not have data regarding Economic Complexity Index.

Latest Trends

August, 2024

About

Overview In August 2024, India exported $2.42M and imported $218k from Barbados, resulting in a positive trade balance of $2.2M. Between August 2023 and August 2024 the exports of India have increased by $1.4M (138%) from $1.01M to $2.42M, while imports decreased by $-91k (-29.4%) from $309k to $218k.

Trade In August 2024, the top exports of India to Barbados were Motor Vehicle/Cars ($369k), Lead And Products Made Of Led ($230k), Drug Formulations, Biologicals ($139k), Iron And Steel ($61.9k), and Packaging Materials ($53.6k). In August 2024 the top imports of India from Barbados were Other Commodities ($42k) and Handcrfs(Excl.Handmade Crpts) ($3.79k).

Growth In August 2024, the increase in India's year-by-year exports to Barbados was explained primarily by an increase in product exports in Packaging Materials ($50.3k or 1.54k%), Auto Components/Parts ($47.7k or 5.38k%), and Other Misc. Engineering Items ($30.1k or 6.77k%). In August 2024, the decrease in India's year-by-year imports  from Barbados was explained primarily by an decrease in product imports  in Other Commodities ($-1.65k or -3.77%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)$1.4M(138%)
IMPORT GROWTH (August 2023 - August 2024)$-91k(-29.4%)

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

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

For full datasets download visit Bulk Download page.

Explore Barbados and India Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $22.2M to Barbados. The main products exported from India to Barbados were Cars ($8.35M), Packaged Medicaments ($2.39M), and Coated Flat-Rolled Iron ($2.31M). During the last 5 years the exports of India to Barbados have increased at an annualized rate of 5.31%, from $17.1M in 2017 to $22.2M in 2022.

In 2017, Barbados exported $1.29M to India. The main products exported from Barbados to India were Industrial Fatty Acids, Oils and Alcohols ($525k), Scrap Iron ($352k), and Electrical Parts ($215k). During the last 5 years the exports of Barbados to India have increased at an annualized rate of 75.9%, from $76.6k in 2022 to $1.29M in 2017.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Barbados
Top DestinationUnited States$88.6M

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

In 2022, countries that imported more from India than Barbados included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

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

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

Comparative Advantage India - Barbados

Flow
Scale

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

During 2022, India had a large net trade with Barbados in the exports of Transportation ($9.51M), Metals ($4.47M), and Chemical Products ($3.79M).

During 2017, Barbados had a large net trade with India in the exports of Chemical Products ($525k), Metals ($470k), and Machines ($215k).

Economic Complexity

Competitive Landscape

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

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

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