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2022
Flag → Flag
Exports $24.7MRnk 136 / 218
2022
Flag → Flag
Exports $1.58MRnk 26 / 139
2022
Flag → Flag
Top Product $645kInsulated Wire
2022
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
Flag  
GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH24.6%CURRENT US$
Rnk 111 / 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 $6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186
2022
Flag
GDP PC$20,019CURRENT US$
Rnk 52 / 186
2012-2022
Flag
GDP PC GROWTH19.9%CURRENT US$
Rnk 89 / 186

About

Thailand-Barbados Trade: In 2022, Thailand exported $24.7M to Barbados. The main products that Thailand exported to Barbados were N/A. Over the past 5 years the exports of Thailand to Barbados have increased at an annualized rate of 0.069%, from $24.6M in 2017 to $24.7M in 2022.

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

Barbados-Thailand Trade: In 2022, Barbados exported $1.58M to Thailand. The main products that Barbados exported to Thailand were Insulated Wire ($645k), Scrap Iron ($533k), and Orthopedic Appliances ($299k). Over the past 5 years the exports of Barbados to Thailand have increased at an annualized rate of 9.32%,  from $1.01M in 2017 to $1.58M in 2022.

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

Comparison In 2022,  Thailand ranked 29 in the Economic Complexity Index (ECI 0.96),  and 27 in total exports ($312B). 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, Thailand exported $24.7M to Barbados. There were not main exports from Thailand to Barbados in 2022. During the last 5 years the exports of Thailand to Barbados have increased at an annualized rate of 0.069%, from $24.6M in 2017 to $24.7M in 2022.

In 2017, Barbados exported $1.58M to Thailand. The main products exported from Barbados to Thailand were Insulated Wire ($645k), Scrap Iron ($533k), and Orthopedic Appliances ($299k). During the last 5 years the exports of Barbados to Thailand have increased at an annualized rate of 9.32%, from $1.01M in 2022 to $1.58M in 2017.

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

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

Latest Data

Trade between Thailand (Flag) and Barbados (Flag)

Thailand Exports

Barbados Exports

Market Competitiveness

Color
Thailand
Top DestinationUnited States$53.4B
Barbados
Top DestinationUnited States$88.6M

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

In 2022, countries that imported more from Thailand than Barbados included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

In 2022, countries that imported more from Barbados than Thailand included Saint Vincent and the Grenadines ($14.1M), Saint Lucia ($20.8M), and Grenada ($13.5M).

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

Comparative Advantage Thailand - Barbados

Flow
Scale

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

During 2022, Thailand had a large net trade with Barbados in the exports of Transportation ($16M), Foodstuffs ($6.55M), and Plastics and Rubbers ($692k).

During 2017, Barbados had a large net trade with Thailand in the exports of Machines ($666k), Metals ($533k), and Instruments ($300k).

Economic Complexity

Competitive Landscape

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

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

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