2022
Flag  
GDP
$991BCURRENT US$
Rnk 18 / 186
2012-2022
Flag
GDP GROWTH
18.1%CURRENT US$
Rnk 125 / 186
2022
Flag
 GDP
$5.64BCURRENT US$
Rnk 152 / 186
2012-2022
Flag
GDP GROWTH
22.3%CURRENT US$
Rnk 116 / 186
2022
Flag
GDP PC 
$55,985CURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP PC GROWTH
11.8%CURRENT US$
Rnk 110 / 186
2022
Flag
GDP PC
$20,019CURRENT US$
Rnk 52 / 186
2012-2022
Flag
GDP PC GROWTH
19.9%CURRENT US$
Rnk 89 / 186

About

Netherlands-Barbados Trade: In 2022, Netherlands exported $68M to Barbados. The main products that Netherlands exported to Barbados were Refined Petroleum ($36M), Other Frozen Vegetables ($2.74M), and Potatoes ($2.68M). Over the past 5 years the exports of Netherlands to Barbados have increased at an annualized rate of 24.2%, from $23M in 2017 to $68M in 2022.

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

Barbados-Netherlands Trade: In 2022, Barbados exported $2.61M to Netherlands. The main products that Barbados exported to Netherlands were Hard Liquor ($1.89M), Aluminium Structures ($134k), and Paper Labels ($124k). Over the past 5 years the exports of Barbados to Netherlands have decreased at an annualized rate of 6.37%,  from $3.62M in 2017 to $2.61M in 2022.

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

Comparison In 2022,  Netherlands ranked 23 in the Economic Complexity Index (ECI 1.11),  and 6 in total exports ($674B). 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 2022, Netherlands exported $68M to Barbados. The main products exported from Netherlands to Barbados were Refined Petroleum ($36M), Other Frozen Vegetables ($2.74M), and Potatoes ($2.68M). During the last 5 years the exports of Netherlands to Barbados have increased at an annualized rate of 24.2%, from $23M in 2017 to $68M in 2022.

In 2017, Barbados exported $2.61M to Netherlands. The main products exported from Barbados to Netherlands were Hard Liquor ($1.89M), Aluminium Structures ($134k), and Paper Labels ($124k). During the last 5 years the exports of Barbados to Netherlands have decreased at an annualized rate of 6.37%, from $3.62M in 2022 to $2.61M in 2017.

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

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

Market Competitiveness

Color
Netherlands
Top Destination
Germany$131B
Barbados
Top Destination
United States$88.6M

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

In 2022, countries that imported more from Netherlands than Barbados included Germany ($131B), Belgium ($94.3B), and France ($59.9B).

In 2022, countries that imported more from Barbados than Netherlands included Saint Lucia ($20.8M), Saint Vincent and the Grenadines ($14.1M), and Saint Kitts and Nevis ($6.91M).

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

Comparative Advantage Netherlands - Barbados

Flow
Scale

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

During 2022, Netherlands had a large net trade with Barbados in the exports of Mineral Products ($36.1M), Foodstuffs ($5.44M), and Vegetable Products ($4.67M).

During 2017, Barbados had a large net trade with Netherlands in the exports of Foodstuffs ($1.94M), Metals ($222k), and Machines ($178k).

Economic Complexity

Competitive Landscape

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

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

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