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2022
Flag → Flag
Exports $280Rnk 16 / 0
2022
Flag → Flag
Exports $3.9kRnk 120 / 139
2022
Flag → Flag
Top Product $3.66kPaper Labels
2023
Flag
Economic Complexity (ECI) ECI -0.82Rnk 100 / 132
2023
Flag
 GDP$6.72BCURRENT US$
Rnk 156 / 195
2013-2023
Flag
GDP GROWTH25.4%CURRENT US$
Rnk 124 / 195
2023
Flag
GDP PC$23,804CURRENT US$
Rnk 52 / 196
2013-2023
Flag
GDP PC GROWTH23.3%CURRENT US$
Rnk 93 / 195

About

Venezuela-Barbados Trade: In 2022, Venezuela exported $280 to Barbados. The main products that Venezuela exported to Barbados were N/A. Over the past 5 years the exports of Venezuela to Barbados have decreased at an annualized rate of 57.7%, from $20.6k in 2017 to $280 in 2022.

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

Barbados-Venezuela Trade: In 2022, Barbados exported $3.9k to Venezuela. The main products that Barbados exported to Venezuela were Paper Labels ($3.66k) and Hard Liquor ($244). Over the past 5 years the exports of Barbados to Venezuela have decreased at an annualized rate of 50.9%,  from $137k in 2017 to $3.9k in 2022.

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

Comparison In 2023,  Venezuela ranked 100 in the Economic Complexity Index (ECI -0.82),  and 113 in total exports ($7.63B). 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 2022, Venezuela exported $280 to Barbados. There were not main exports from Venezuela to Barbados in 2022. During the last 5 years the exports of Venezuela to Barbados have decreased at an annualized rate of 57.7%, from $20.6k in 2017 to $280 in 2022.

In 2018, Barbados exported $3.9k to Venezuela. The main products exported from Barbados to Venezuela were Paper Labels ($3.66k) and Hard Liquor ($244). During the last 5 years the exports of Barbados to Venezuela have decreased at an annualized rate of 50.9%, from $137k in 2023 to $3.9k in 2018.

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

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

Latest Data

Trade between Venezuela (Flag) and Barbados (Flag)

Barbados Exports

Market Competitiveness

Color
Venezuela
Top DestinationUnited States$3.81B
Barbados
Top DestinationUnited States$91M

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

In 2023, countries that imported more from Venezuela than Barbados included United States ($3.81B), China ($739M), and Spain ($670M).

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

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

Comparative Advantage Venezuela - Barbados

Flow
Scale

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

During 2022, Venezuela had a large net trade with Barbados in the exports of .

During 2018, Barbados had a large net trade with Venezuela in the exports of Paper Goods ($3.66k) and Foodstuffs ($244).

Economic Complexity

Competitive Landscape

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

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

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