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2023
Flag → Flag
Exports $3.51MRnk 171 / 221
2023
Flag → Flag
Top Product $378kMalt Extract
2023
Flag → Flag
Exports $2.65MRnk 24 / 139
2023
Flag → Flag
Top Product $962kRaw Aluminium
2023
Flag
Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
Flag  
GDP$400BCURRENT US$
Rnk 37 / 195
2013-2023
Flag
GDP GROWTH23.6%CURRENT US$
Rnk 130 / 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 $11,379CURRENT US$
Rnk 85 / 195
2013-2023
Flag
GDP PC GROWTH6.21%CURRENT US$
Rnk 145 / 195
2023
Flag
GDP PC$23,804CURRENT US$
Rnk 52 / 196
2013-2023
Flag
GDP PC GROWTH23.3%CURRENT US$
Rnk 93 / 195

About

Malaysia-Barbados Trade: In 2023, Malaysia exported $3.51M to Barbados. The main products that Malaysia exported to Barbados were Malt Extract ($378k), Wood Carpentry ($311k), and Air Conditioners ($267k). Over the past 5 years the exports of Malaysia to Barbados have decreased at an annualized rate of 4.84%, from $4.5M in 2018 to $3.51M in 2023.

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

Barbados-Malaysia Trade: In 2023, Barbados exported $2.65M to Malaysia. The main products that Barbados exported to Malaysia were Raw Aluminium ($962k), Insulated Wire ($637k), and Copper Foil ($554k). Over the past 5 years the exports of Barbados to Malaysia have increased at an annualized rate of 35.6%,  from $577k in 2018 to $2.65M in 2023.

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

Comparison In 2023,  Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04),  and 19 in total exports ($383B). That same year, Barbados ranked 171 in total exports ($421M), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, Malaysia exported MYR1.14M and imported MYR659k from Barbados, resulting in a positive trade balance of MYR478k. Between November 2023 and November 2024 the exports of Malaysia have decreased by MYR-1.31M (-53.6%) from MYR2.45M to MYR1.14M, while imports decreased by MYR-2M (-75.2%) from MYR2.65M to MYR659k.

Trade In November 2024, the top exports of Malaysia to Barbados were Palm Oil (MYR398k), Toilet Paper (MYR149k), Book-binding Machines (MYR85.1k), Other Rubber Products (MYR63.7k), and Margarine (MYR18.9k). In November 2024 the top imports of Malaysia from Barbados were Raw Aluminium (MYR205k), Hard Liquor (MYR57.2k), and Electrical Resistors (MYR1.63k).

Growth In November 2024, the decrease in Malaysia's year-by-year exports to Barbados was explained primarily by an decrease in product exports in Margarine (MYR-124k or -86.7%) and Commodities not elsewhere specified (MYR-1.41k or -87.6%). In November 2024, the decrease in Malaysia's year-by-year imports  from Barbados was explained primarily by an decrease in product imports  in Electrical Resistors (MYR-29.7k or -94.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)MYR-1.31M(-53.6%)
IMPORT GROWTH (November 2023 - November 2024)MYR-2M(-75.2%)

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

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

For full datasets download visit Bulk Download page.

Explore Barbados and Malaysia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Malaysia exported $3.51M to Barbados. The main products exported from Malaysia to Barbados were Malt Extract ($378k), Wood Carpentry ($311k), and Air Conditioners ($267k). During the last 5 years the exports of Malaysia to Barbados have decreased at an annualized rate of 4.84%, from $4.5M in 2018 to $3.51M in 2023.

In 2018, Barbados exported $2.65M to Malaysia. The main products exported from Barbados to Malaysia were Raw Aluminium ($962k), Insulated Wire ($637k), and Copper Foil ($554k). During the last 5 years the exports of Barbados to Malaysia have increased at an annualized rate of 35.6%, from $577k in 2023 to $2.65M in 2018.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationChina$79.8B
Barbados
Top DestinationUnited States$91M

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

In 2023, countries that imported more from Malaysia than Barbados included China ($79.8B), Singapore ($47.3B), and United States ($44.9B).

In 2023, countries that imported more from Barbados than Malaysia included Jamaica ($71.2M), Saint Lucia ($19.5M), and Grenada ($13.4M).

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

Comparative Advantage Malaysia - Barbados

Flow
Scale

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

During 2023, Malaysia had a large net trade with Barbados in the exports of Animal and Vegetable Bi-Products ($765k), Plastics and Rubbers ($479k), and Foodstuffs ($473k).

During 2018, Barbados had a large net trade with Malaysia in the exports of Metals ($1.52M), Machines ($806k), and Chemical Products ($216k).

Economic Complexity

Competitive Landscape

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

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

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