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2022
Flag → Flag
Exports $3.62MRnk 172 / 218
2022
Flag → Flag
Top Product $633kMargarine
2022
Flag → Flag
Exports $1.44MRnk 28 / 139
2022
Flag → Flag
Top Product $1.02MRaw Aluminium
2022
Flag
Economic Complexity (ECI) ECI 1.09Rnk 24 / 133
2022
Flag  
GDP$406BCURRENT US$
Rnk 36 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 102 / 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 $11,972CURRENT US$
Rnk 69 / 186
2012-2022
Flag
GDP PC GROWTH12.9%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC$20,019CURRENT US$
Rnk 52 / 186
2012-2022
Flag
GDP PC GROWTH19.9%CURRENT US$
Rnk 89 / 186

About

Malaysia-Barbados Trade: In 2022, Malaysia exported $3.62M to Barbados. The main products that Malaysia exported to Barbados were Margarine ($633k), Palm Oil ($579k), and Malt Extract ($393k). Over the past 5 years the exports of Malaysia to Barbados have increased at an annualized rate of 1.18%, from $3.41M in 2017 to $3.62M in 2022.

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

Barbados-Malaysia Trade: In 2022, Barbados exported $1.44M to Malaysia. The main products that Barbados exported to Malaysia were Raw Aluminium ($1.02M), Electrical Resistors ($83.9k), and Dextrins ($67k). Over the past 5 years the exports of Barbados to Malaysia have decreased at an annualized rate of 27.5%,  from $13.7M in 2017 to $1.44M in 2022.

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

Comparison In 2022,  Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09),  and 22 in total exports ($378B). That same year, Barbados ranked 176 in total exports ($393M), and does not have data regarding Economic Complexity Index.

Latest Trends

July, 2024

About

Overview In July 2024, Malaysia exported MYR3.59M and imported MYR345k from Barbados, resulting in a positive trade balance of MYR3.24M. Between July 2023 and July 2024 the exports of Malaysia have increased by MYR2.93M (448%) from MYR654k to MYR3.59M, while imports decreased by MYR-720k (-67.6%) from MYR1.07M to MYR345k.

Trade In July 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 July 2024 the top imports of Malaysia from Barbados were Raw Aluminium (MYR205k), Hard Liquor (MYR57.2k), and Electrical Resistors (MYR1.63k).

Growth In July 2024, the increase in Malaysia's year-by-year exports to Barbados was explained primarily by an increase in product exports in Palm Oil (MYR269k or 208%). In July 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 (July 2023 - July 2024)MYR2.93M(448%)
IMPORT GROWTH (July 2023 - July 2024)MYR-720k(-67.6%)

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

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Malaysia exported $3.62M to Barbados. The main products exported from Malaysia to Barbados were Margarine ($633k), Palm Oil ($579k), and Malt Extract ($393k). During the last 5 years the exports of Malaysia to Barbados have increased at an annualized rate of 1.18%, from $3.41M in 2017 to $3.62M in 2022.

In 2017, Barbados exported $1.44M to Malaysia. The main products exported from Barbados to Malaysia were Raw Aluminium ($1.02M), Electrical Resistors ($83.9k), and Dextrins ($67k). During the last 5 years the exports of Barbados to Malaysia have decreased at an annualized rate of 27.5%, from $13.7M in 2022 to $1.44M in 2017.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationSingapore$53.8B
Barbados
Top DestinationUnited States$88.6M

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 2022, countries that imported more from Malaysia than Barbados included Singapore ($53.8B), China ($48.5B), and United States ($44.2B).

In 2022, countries that imported more from Barbados than Malaysia included Saint Lucia ($20.8M), Jamaica ($43.3M), and Guyana ($29.7M).

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

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 2022, Malaysia had a large net trade with Barbados in the exports of Animal and Vegetable Bi-Products ($1.4M), Plastics and Rubbers ($551k), and Machines ($488k).

During 2017, Barbados had a large net trade with Malaysia in the exports of Metals ($1.1M), Machines ($146k), and Chemical Products ($128k).

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) (2022)

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