Russia (RUS) and Barbados (BRB) Trade | The Observatory of Economic Complexity

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Russia-Barbados Trade: In 2022, Russia exported $54.7k to Barbados. The main products that Russia exported to Barbados were Plywood ($43.5k), Rubberworking Machinery ($7.96k), and Other Office Machines ($1.35k). Over the past 5 years the exports of Russia to Barbados have decreased at an annualized rate of 24.3%, from $220k in 2017 to $54.7k in 2022.

In 2020, Russia exported services to Barbados worth $1.72M, with Insurance services ($1.27M), Other business services ($351k), and Financial services ($105k) being the largest in terms of value.

Barbados-Russia Trade: In 2022, Barbados exported $1.18k to Russia. The main products that Barbados exported to Russia were Jewellery ($993), Base Metal Watches ($116), and Microphones and Headphones ($33). Over the past 5 years the exports of Barbados to Russia have decreased at an annualized rate of 65.2%, from $666k in 2017 to $1.18k in 2022.

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

Comparison In 2022, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). That same year, Barbados ranked 176 in total exports ($393M), and does not have data regarding Economic Complexity Index.

Latest Trends

N/A

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Overview In N/A, Russia exported $N/A and imported $N/A from Barbados, resulting in a N/A trade balance of $N/A. Between N/A and N/A the exports of Russia have N/A by $N/A (N/A) from $N/A to $N/A, while imports N/A by $N/A (N/A) from $N/A to $N/A.

Trade In N/A, the top exports of Russia to Barbados were . In N/A the top imports of Russia from Barbados were Hard Liquor ($55.4k) and Electrical Resistors ($508).

Origins In N/A the exports of Russia were mainly from MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($80.4M), while imports destinations were mainly MOSCOW REGION ($129k), MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($14.2k), PSKOV REGION ($2.3k), LENINGRAD REGION ($1.7k), and BELGOROD REGION ($318).

Growth In N/A, the N/A in Russia's year-by-year exports to Barbados was explained primarily by an decrease in product exports in . In N/A, the N/A in Russia's year-by-year imports from Barbados was explained primarily by an decrease in product imports in .

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Russia exported $54.7k to Barbados. The main products exported from Russia to Barbados were Plywood ($43.5k), Rubberworking Machinery ($7.96k), and Other Office Machines ($1.35k). During the last 5 years the exports of Russia to Barbados have decreased at an annualized rate of 24.3%, from $220k in 2017 to $54.7k in 2022.

In 2017, Barbados exported $1.18k to Russia. The main products exported from Barbados to Russia were Jewellery ($993), Base Metal Watches ($116), and Microphones and Headphones ($33). During the last 5 years the exports of Barbados to Russia have decreased at an annualized rate of 65.2%, from $666k in 2022 to $1.18k in 2017.

Exports from Russia () to Barbados () (2022)

Exports from Barbados () to Russia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Russia
Top DestinationChina$101B

Barbados
Top DestinationUnited States$88.6M

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

In 2022, countries that imported more from Russia than Barbados included China ($101B), India ($40.4B), and Germany ($27.7B).

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

Difference in imports from Barbados () and Russia () (2022)

Comparative Advantage Russia - Barbados

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Russia had a large net trade with Barbados in the exports of Wood Products ($43.5k), Machines ($10.3k), and Animal Products ($670).

During 2017, Barbados had a large net trade with Russia in the exports of Precious Metals ($993), Instruments ($148), and Machines ($39).

Economic Complexity

Competitive Landscape

Year

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

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from Russia () to Barbados () (2022)

Exports from Barbados () to Russia () (2022)

Market Competitiveness

Difference in imports from Barbados () and Russia () (2022)

Comparative Advantage Russia - Barbados

Economic Complexity

Competitive Landscape

Product Space of Russia () and Barbados () (2022)

About

Latest Trends

About

Latest Trade

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Historical Data

Bilateral Trade by Products

Exports from Russia () to Barbados () (2022)

Exports from Barbados () to Russia () (2022)

Market Competitiveness

Difference in imports from Barbados () and Russia () (2022)

Comparative Advantage Russia - Barbados

Economic Complexity

Competitive Landscape

Product Space of Russia () and Barbados () (2022)

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