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Pricing

2023
Flag → Flag
Exports $40.2kRnk 14 / 65
2023
Flag → Flag
Top Product $40.2kExcavation Machinery
2023
Flag → Flag
Exports $392kRnk 52 / 139
2023
Flag → Flag
Top Product $127kPackaged Medicaments
2023
Flag
 GDP$6.72BCURRENT US$
Rnk 156 / 195
2013-2023
Flag
GDP GROWTH25.4%CURRENT US$
Rnk 124 / 195
2023
Flag
GDP PC$23,804CURRENT US$
Rnk 52 / 196
2013-2023
Flag
GDP PC GROWTH23.3%CURRENT US$
Rnk 93 / 195

About

Montserrat-Barbados Trade: In 2023, Montserrat exported $40.2k to Barbados. The main products that Montserrat exported to Barbados were Excavation Machinery ($40.2k). Over the past 5 years the exports of Montserrat to Barbados have increased at an annualized rate of 76.4%, from $2.35k in 2018 to $40.2k in 2023.

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

Barbados-Montserrat Trade: In 2023, Barbados exported $392k to Montserrat. The main products that Barbados exported to Montserrat were Packaged Medicaments ($127k), Asphalt Mixtures ($40.2k), and Pesticides ($34.5k). Over the past 5 years the exports of Barbados to Montserrat have decreased at an annualized rate of 2.48%,  from $479k in 2018 to $392k in 2023.

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

Comparison In 2023,  Montserrat ranked 218 in total exports ($6.05M). That same year, Barbados ranked 171 in total exports ($421M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Montserrat exported $40.2k to Barbados. The main products exported from Montserrat to Barbados were Excavation Machinery ($40.2k). During the last 5 years the exports of Montserrat to Barbados have increased at an annualized rate of 76.4%, from $2.35k in 2018 to $40.2k in 2023.

In 2018, Barbados exported $392k to Montserrat. The main products exported from Barbados to Montserrat were Packaged Medicaments ($127k), Asphalt Mixtures ($40.2k), and Pesticides ($34.5k). During the last 5 years the exports of Barbados to Montserrat have decreased at an annualized rate of 2.48%, from $479k in 2023 to $392k in 2018.

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

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

Latest Data

Trade between Montserrat (Flag) and Barbados (Flag)

Barbados Exports

Market Competitiveness

Color
Montserrat
Top DestinationUnited States$1.49M
Barbados
Top DestinationUnited States$91M

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

In 2023, countries that imported more from Montserrat than Barbados included Egypt ($701k), Romania ($28.6k), and Philippines ($17.7k).

In 2023, countries that imported more from Barbados than Montserrat included United States ($91M), Jamaica ($71.2M), and Trinidad and Tobago ($33.7M).

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

Comparative Advantage Montserrat - Barbados

Flow
Scale

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

During 2023, Montserrat had a large net trade with Barbados in the exports of Machines ($40.2k).

During 2018, Barbados had a large net trade with Montserrat in the exports of Chemical Products ($210k), Foodstuffs ($68.1k), and Mineral Products ($40.2k).

Economic Complexity

Competitive Landscape

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

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

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