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2023
Flag → Flag
Exports $4.24MRnk 154 / 217
2023
Flag → Flag
Top Product $2.08MSemiconductor Devices
2023
Flag → Flag
Exports $184kRnk 63 / 139
2023
Flag → Flag
Top Product $84.4kHard Liquor
2023
Flag
Economic Complexity (ECI) ECI 1.62Rnk 6 / 132
2023
Flag  
GDP$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH63%CURRENT US$
Rnk 47 / 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 $84,734CURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP PC GROWTH48.7%CURRENT US$
Rnk 50 / 195
2023
Flag
GDP PC$23,804CURRENT US$
Rnk 52 / 196
2013-2023
Flag
GDP PC GROWTH23.3%CURRENT US$
Rnk 93 / 195

About

Singapore-Barbados Trade: In 2023, Singapore exported $4.24M to Barbados. The main products that Singapore exported to Barbados were Semiconductor Devices ($2.08M), Non-fillet Frozen Fish ($408k), and Uncoated Paper ($170k). Over the past 5 years the exports of Singapore to Barbados have increased at an annualized rate of 16.5%, from $1.97M in 2018 to $4.24M in 2023.

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

Barbados-Singapore Trade: In 2023, Barbados exported $184k to Singapore. The main products that Barbados exported to Singapore were Hard Liquor ($84.4k), Poultry Meat ($49.7k), and Orthopedic Appliances ($19.1k). Over the past 5 years the exports of Barbados to Singapore have decreased at an annualized rate of 26.9%,  from $885k in 2018 to $184k in 2023.

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

Comparison In 2023,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.62),  and 24 in total exports ($333B). That same year, Barbados ranked 171 in total exports ($421M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Singapore exported $4.24M to Barbados. The main products exported from Singapore to Barbados were Semiconductor Devices ($2.08M), Non-fillet Frozen Fish ($408k), and Uncoated Paper ($170k). During the last 5 years the exports of Singapore to Barbados have increased at an annualized rate of 16.5%, from $1.97M in 2018 to $4.24M in 2023.

In 2018, Barbados exported $184k to Singapore. The main products exported from Barbados to Singapore were Hard Liquor ($84.4k), Poultry Meat ($49.7k), and Orthopedic Appliances ($19.1k). During the last 5 years the exports of Barbados to Singapore have decreased at an annualized rate of 26.9%, from $885k in 2023 to $184k in 2018.

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

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

Latest Data

Trade between Singapore (Flag) and Barbados (Flag)

Singapore Exports

Barbados Exports

Market Competitiveness

Color
Singapore
Top DestinationHong Kong$44.5B
Barbados
Top DestinationUnited States$91M

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

In 2023, countries that imported more from Singapore than Barbados included Hong Kong ($44.5B), China ($36.7B), and United States ($32.9B).

In 2023, countries that imported more from Barbados than Singapore included Jamaica ($71.2M), Saint Lucia ($19.5M), and Trinidad and Tobago ($33.7M).

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

Comparative Advantage Singapore - Barbados

Flow
Scale

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

During 2023, Singapore had a large net trade with Barbados in the exports of Machines ($2.43M), Animal Products ($408k), and Paper Goods ($317k).

During 2018, Barbados had a large net trade with Singapore in the exports of Foodstuffs ($84.5k), Animal Products ($49.7k), and Machines ($20k).

Economic Complexity

Competitive Landscape

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

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

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