India (IND) and Barbados (BRB) Trade | The Observatory of Economic Complexity

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India-Barbados Trade: In 2023, India exported $13.2M to Barbados. The main products that India exported to Barbados were Packaged Medicaments ($2.63M), Coated Flat-Rolled Iron ($1.96M), and Cars ($1.55M). Over the past 5 years the exports of India to Barbados have decreased at an annualized rate of 2.29%, from $14.8M in 2018 to $13.2M in 2023.

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

Barbados-India Trade: In 2023, Barbados exported $3.26M to India. The main products that Barbados exported to India were Scrap Iron ($1.92M), Industrial Fatty Acids, Oils and Alcohols ($898k), and Insulated Wire ($225k). Over the past 5 years the exports of Barbados to India have increased at an annualized rate of 14.5%, from $1.65M in 2018 to $3.26M in 2023.

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

Comparison In 2023, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). That same year, Barbados ranked 171 in total exports ($421M), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

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Overview In November 2024, India exported $1.2M and imported $23.5k from Barbados, resulting in a positive trade balance of $1.18M. Between November 2023 and November 2024 the exports of India have decreased by $-271k (-18.4%) from $1.47M to $1.2M, while imports decreased by $-238k (-91%) from $261k to $23.5k.

Trade In November 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 November 2024 the top imports of India from Barbados were Other Commodities ($42k) and Handcrfs(Excl.Handmade Crpts) ($3.79k).

Growth In November 2024, the decrease in India's year-by-year exports to Barbados was explained primarily by an decrease in product exports in Iron And Steel ($-445k or -87.8%), Motor Vehicle/Cars ($-98.6k or -21.1%), and Drug Formulations, Biologicals ($-70.7k or -33.6%). In November 2024, the decrease in India's year-by-year imports from Barbados was explained primarily by an decrease in product imports in Other Commodities ($-1.65k or -3.77%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (November 2023 - November 2024)$-271k(-18.4%)

IMPORT GROWTH (November 2023 - November 2024)$-238k(-91%)

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.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, India exported $13.2M to Barbados. The main products exported from India to Barbados were Packaged Medicaments ($2.63M), Coated Flat-Rolled Iron ($1.96M), and Cars ($1.55M). During the last 5 years the exports of India to Barbados have decreased at an annualized rate of 2.29%, from $14.8M in 2018 to $13.2M in 2023.

In 2018, Barbados exported $3.26M to India. The main products exported from Barbados to India were Scrap Iron ($1.92M), Industrial Fatty Acids, Oils and Alcohols ($898k), and Insulated Wire ($225k). During the last 5 years the exports of Barbados to India have increased at an annualized rate of 14.5%, from $1.65M in 2023 to $3.26M in 2018.

Exports from India () to Barbados () (2023)

Exports from Barbados () to India () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

India
Top DestinationUnited States$85.5B

Barbados
Top DestinationUnited States$91M

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 2023, countries that imported more from India than Barbados included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

In 2023, countries that imported more from Barbados than India included Saint Lucia ($19.5M), Grenada ($13.4M), and Saint Vincent and the Grenadines ($10.9M).

Difference in imports from Barbados () and India () (2023)

Comparative Advantage India - Barbados

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, India had a large net trade with Barbados in the exports of Chemical Products ($4.17M), Metals ($2.74M), and Transportation ($2.4M).

During 2018, Barbados had a large net trade with India in the exports of Metals ($2.08M), Chemical Products ($898k), and Machines ($227k).

Economic Complexity

Competitive Landscape

Year

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.

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Latest Trends

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Latest Trade

Historical Data

Bilateral Trade by Products

Exports from India () to Barbados () (2023)

Exports from Barbados () to India () (2023)

Market Competitiveness

Difference in imports from Barbados () and India () (2023)

Comparative Advantage India - Barbados

Economic Complexity

Competitive Landscape

Product Space of India () and Barbados () (2023)

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