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2023
Flag → Flag
Exports $20.1MRnk 98 / 158
2023
Flag → Flag
Top Product $8.63MMolasses
2023
Flag → Flag
Exports $97kRnk 75 / 139
2023
Flag → Flag
Top Product $73.7kPesticides
2023
Flag
Economic Complexity (ECI) ECI 1.09Rnk 25 / 132
2023
Flag  
GDP$1.79TCURRENT US$
Rnk 12 / 195
2013-2023
Flag
GDP GROWTH34.8%CURRENT US$
Rnk 103 / 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 $13,790CURRENT US$
Rnk 75 / 195
2013-2023
Flag
GDP PC GROWTH22.9%CURRENT US$
Rnk 94 / 195
2023
Flag
GDP PC$23,804CURRENT US$
Rnk 52 / 196
2013-2023
Flag
GDP PC GROWTH23.3%CURRENT US$
Rnk 93 / 195

About

Mexico-Barbados Trade: In 2023, Mexico exported $20.1M to Barbados. The main products that Mexico exported to Barbados were Molasses ($8.63M), Other Heating Machinery ($668k), and Phosphinates (hypophosphites) and phosphonates (phosphites) ($639k). Over the past 5 years the exports of Mexico to Barbados have decreased at an annualized rate of 6.16%, from $27.6M in 2018 to $20.1M in 2023.

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

Barbados-Mexico Trade: In 2023, Barbados exported $97k to Mexico. The main products that Barbados exported to Mexico were Pesticides ($73.7k), Low-voltage Protection Equipment ($6.94k), and Electrical Resistors ($6.72k). Over the past 5 years the exports of Barbados to Mexico have decreased at an annualized rate of 7.23%,  from $375k in 2018 to $97k in 2023.

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

Comparison In 2023,  Mexico ranked 25 in the Economic Complexity Index (ECI 1.09),  and 8 in total exports ($603B). That same year, Barbados ranked 171 in total exports ($421M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Mexico exported $20.1M to Barbados. The main products exported from Mexico to Barbados were Molasses ($8.63M), Other Heating Machinery ($668k), and Phosphinates (hypophosphites) and phosphonates (phosphites) ($639k). During the last 5 years the exports of Mexico to Barbados have decreased at an annualized rate of 6.16%, from $27.6M in 2018 to $20.1M in 2023.

In 2018, Barbados exported $97k to Mexico. The main products exported from Barbados to Mexico were Pesticides ($73.7k), Low-voltage Protection Equipment ($6.94k), and Electrical Resistors ($6.72k). During the last 5 years the exports of Barbados to Mexico have decreased at an annualized rate of 7.23%, from $375k in 2023 to $97k in 2018.

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

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

Latest Data

Trade between Mexico (Flag) and Barbados (Flag)

Mexico Exports

Barbados Exports

Market Competitiveness

Color
Mexico
Top DestinationUnited States$456B
Barbados
Top DestinationUnited States$91M

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

In 2023, countries that imported more from Mexico than Barbados included United States ($456B), Canada ($33B), and China ($15B).

In 2023, countries that imported more from Barbados than Mexico included Trinidad and Tobago ($33.7M), Saint Lucia ($19.5M), and Grenada ($13.4M).

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

Comparative Advantage Mexico - Barbados

Flow
Scale

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

During 2023, Mexico had a large net trade with Barbados in the exports of Foodstuffs ($9.78M), Machines ($4.41M), and Chemical Products ($2.51M).

During 2018, Barbados had a large net trade with Mexico in the exports of Chemical Products ($78.9k), Machines ($13.7k), and Foodstuffs ($4.41k).

Economic Complexity

Competitive Landscape

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

Product Space of Mexico (Flag) and Barbados (Flag) (2023)

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