Barbados (BRB) and Mexico (MEX) Trade | The Observatory of Economic Complexity

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Barbados-Mexico Trade: In 2022, Barbados exported $248k to Mexico. The main products that Barbados exported to Mexico were Shaving Products ($231k), Electrical Resistors ($10.6k), and Orthopedic Appliances ($6k). Over the past 5 years the exports of Barbados to Mexico have decreased at an annualized rate of 13.6%, from $516k in 2017 to $248k in 2022.

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

Mexico-Barbados Trade: In 2022, Mexico exported $13.6M to Barbados. The main products that Mexico exported to Barbados were Plastic Pipes ($1.01M), Insulated Wire ($913k), and Phosphinates (hypophosphites) and phosphonates (phosphites) ($706k). Over the past 5 years the exports of Mexico to Barbados have decreased at an annualized rate of 6.82%, from $25.7M in 2017 to $13.6M in 2022.

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

Comparison In 2022, Barbados ranked 176 in total exports ($393M), and does not have data regarding Economic Complexity Index. That same year, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Barbados exported $248k to Mexico. The main products exported from Barbados to Mexico were Shaving Products ($231k), Electrical Resistors ($10.6k), and Orthopedic Appliances ($6k). During the last 5 years the exports of Barbados to Mexico have decreased at an annualized rate of 13.6%, from $516k in 2017 to $248k in 2022.

In 2017, Mexico exported $13.6M to Barbados. The main products exported from Mexico to Barbados were Plastic Pipes ($1.01M), Insulated Wire ($913k), and Phosphinates (hypophosphites) and phosphonates (phosphites) ($706k). During the last 5 years the exports of Mexico to Barbados have decreased at an annualized rate of 6.82%, from $25.7M in 2022 to $13.6M in 2017.

Exports from Barbados () to Mexico () (2022)

Exports from Mexico () to Barbados () (2022)

Latest Data

Trade between Barbados () and Mexico ()

Barbados Exports

Date

Mexico Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Barbados
Top DestinationUnited States$88.6M

Mexico
Top DestinationUnited States$421B

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

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

In 2022, countries that imported more from Mexico than Barbados included United States ($421B), Canada ($22.2B), and China ($12.7B).

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

Comparative Advantage Barbados - Mexico

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Barbados had a large net trade with Mexico in the exports of Chemical Products ($231k), Machines ($10.6k), and Instruments ($6.3k).

During 2017, Mexico had a large net trade with Barbados in the exports of Machines ($4.97M), Chemical Products ($3.04M), and Plastics and Rubbers ($1.73M).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Barbados () to Mexico () (2022)

Exports from Mexico () to Barbados () (2022)

Latest Data

Trade between Barbados () and Mexico ()

Barbados Exports

Mexico Exports

Market Competitiveness

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

Comparative Advantage Barbados - Mexico

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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