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2022
Flag → Flag
Exports $7.24MRnk 150 / 215
2022
Flag → Flag
Top Product $5.4MSemiconductor Devices
2022
Flag → Flag
Exports $336kRnk 52 / 139
2022
Flag → Flag
Top Product $125kHard Liquor
2022
Flag
Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
Flag  
GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 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 $82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH49.1%CURRENT US$
Rnk 37 / 186
2022
Flag
GDP PC$20,019CURRENT US$
Rnk 52 / 186
2012-2022
Flag
GDP PC GROWTH19.9%CURRENT US$
Rnk 89 / 186

About

Singapore-Barbados Trade: In 2022, Singapore exported $7.24M to Barbados. The main products that Singapore exported to Barbados were Semiconductor Devices ($5.4M), Building Stone ($275k), and Palm Oil ($175k). Over the past 5 years the exports of Singapore to Barbados have increased at an annualized rate of 38%, from $1.45M in 2017 to $7.24M in 2022.

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

Barbados-Singapore Trade: In 2022, Barbados exported $336k to Singapore. The main products that Barbados exported to Singapore were Hard Liquor ($125k), Orthopedic Appliances ($81.8k), and Electrical Resistors ($67.9k). Over the past 5 years the exports of Barbados to Singapore have decreased at an annualized rate of 7.39%,  from $984k in 2017 to $336k in 2022.

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

Comparison In 2022,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.68),  and 21 in total exports ($379B). 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, Singapore exported $7.24M to Barbados. The main products exported from Singapore to Barbados were Semiconductor Devices ($5.4M), Building Stone ($275k), and Palm Oil ($175k). During the last 5 years the exports of Singapore to Barbados have increased at an annualized rate of 38%, from $1.45M in 2017 to $7.24M in 2022.

In 2017, Barbados exported $336k to Singapore. The main products exported from Barbados to Singapore were Hard Liquor ($125k), Orthopedic Appliances ($81.8k), and Electrical Resistors ($67.9k). During the last 5 years the exports of Barbados to Singapore have decreased at an annualized rate of 7.39%, from $984k in 2022 to $336k in 2017.

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

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

Latest Data

Trade between Singapore (Flag) and Barbados (Flag)

Singapore Exports

Barbados Exports

Market Competitiveness

Color
Singapore
Top DestinationHong Kong$51.6B
Barbados
Top DestinationUnited States$88.6M

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 2022, countries that imported more from Singapore than Barbados included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

In 2022, countries that imported more from Barbados than Singapore included Jamaica ($43.3M), Saint Lucia ($20.8M), and Saint Vincent and the Grenadines ($14.1M).

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

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 2022, Singapore had a large net trade with Barbados in the exports of Machines ($5.53M), Animal and Vegetable Bi-Products ($317k), and Stone And Glass ($275k).

During 2017, Barbados had a large net trade with Singapore in the exports of Foodstuffs ($125k), Instruments ($104k), and Machines ($101k).

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) (2022)

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