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2021
Flag → Flag
Exports $3.03kRnk 22 / 0
2021
Flag → Flag
Exports $1.25MRnk 31 / 139
2021
Flag → Flag
Top Product $1.25MPaper Labels
2022
Flag
Economic Complexity (ECI) ECI -0.97Rnk 110 / 133
2022
Flag  
GDP$15.7BCURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP GROWTH48.8%CURRENT US$
Rnk 66 / 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 $2,255CURRENT US$
Rnk 142 / 186
2012-2022
Flag
GDP PC GROWTH29.1%CURRENT US$
Rnk 66 / 186
2022
Flag
GDP PC$20,019CURRENT US$
Rnk 52 / 186
2012-2022
Flag
GDP PC GROWTH19.9%CURRENT US$
Rnk 89 / 186

About

Nicaragua-Barbados Trade: In 2021, Nicaragua exported $3.03k to Barbados. The main products that Nicaragua exported to Barbados were N/A. Over the past 5 years the exports of Nicaragua to Barbados have decreased at an annualized rate of 66.1%, from $678k in 2016 to $3.03k in 2021.

In 2021, Nicaragua did not export any services to Barbados.

Barbados-Nicaragua Trade: In 2021, Barbados exported $1.25M to Nicaragua. The main products that Barbados exported to Nicaragua were Paper Labels ($1.25M). Over the past 5 years the exports of Barbados to Nicaragua have decreased at an annualized rate of 3.34%,  from $1.48M in 2016 to $1.25M in 2021.

In 2021, Barbados did not export any services to Nicaragua.

Comparison In 2022,  Nicaragua ranked 110 in the Economic Complexity Index (ECI -0.97),  and 111 in total exports ($7.92B). That same year, Barbados ranked 176 in total exports ($393M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Nicaragua exported $3.03k to Barbados. There were not main exports from Nicaragua to Barbados in 2021. During the last 5 years the exports of Nicaragua to Barbados have decreased at an annualized rate of 66.1%, from $678k in 2016 to $3.03k in 2021.

In 2017, Barbados exported $1.25M to Nicaragua. The main products exported from Barbados to Nicaragua were Paper Labels ($1.25M). During the last 5 years the exports of Barbados to Nicaragua have decreased at an annualized rate of 3.34%, from $1.48M in 2022 to $1.25M in 2017.

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

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

Latest Data

Trade between Nicaragua (Flag) and Barbados (Flag)

Nicaragua Exports

Barbados Exports

Market Competitiveness

Color
Nicaragua
Top DestinationUnited States$4.09B
Barbados
Top DestinationUnited States$88.6M

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

In 2022, countries that imported more from Nicaragua than Barbados included United States ($4.09B), Mexico ($943M), and Honduras ($541M).

In 2022, countries that imported more from Barbados than Nicaragua included Jamaica ($43.3M), Trinidad and Tobago ($33.8M), and Guyana ($29.7M).

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

Comparative Advantage Nicaragua - Barbados

Flow
Scale

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

During 2021, Nicaragua had a large net trade with Barbados in the exports of .

During 2017, Barbados had a large net trade with Nicaragua in the exports of Paper Goods ($1.25M).

Economic Complexity

Competitive Landscape

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

Product Space of Nicaragua (Flag) and Barbados (Flag) (2022)

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