Barbados (BRB) and Nepal (NPL) Trade | The Observatory of Economic Complexity

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Barbados-Nepal Trade: In 2022, Barbados exported $674 to Nepal. The main products that Barbados exported to Nepal were Hard Liquor ($495), Non-Knit Women's Suits ($154), and Labels ($25). Over the past 11 years the exports of Barbados to Nepal have decreased at an annualized rate of 24.8%, from $15.5k in 2011 to $674 in 2022.

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

Nepal-Barbados Trade: In 2022, Nepal exported $100k to Barbados. The main products that Nepal exported to Barbados were Electric Batteries ($35.5k), Air Pumps ($32.6k), and Electrical Transformers ($22.3k). Over the past 11 years the exports of Nepal to Barbados have increased at an annualized rate of 107%, from $2.6k in 2011 to $100k in 2022.

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

Comparison In 2022, Barbados ranked 176 in total exports ($393M). That same year, Nepal ranked 153 in total exports ($1.43B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Barbados exported $674 to Nepal. The main products exported from Barbados to Nepal were Hard Liquor ($495), Non-Knit Women's Suits ($154), and Labels ($25). During the last 6 years the exports of Barbados to Nepal have decreased at an annualized rate of 39.8%, from $22.1k in 2016 to $674 in 2022.

In 2017, Nepal exported $100k to Barbados. The main products exported from Nepal to Barbados were Electric Batteries ($35.5k), Air Pumps ($32.6k), and Electrical Transformers ($22.3k). During the last 5 years the exports of Nepal to Barbados have increased at an annualized rate of 10.5%, from $21.2k in 2022 to $100k in 2017.

Exports from Barbados () to Nepal () (2022)

Exports from Nepal () to Barbados () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Barbados
Top DestinationUnited States$88.6M

Nepal
Top DestinationIndia$956M

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

In 2022, countries that imported more from Barbados than Nepal included Jamaica ($43.3M), Trinidad and Tobago ($33.8M), and Guyana ($29.7M).

In 2022, countries that imported more from Nepal than Barbados included India ($956M), United States ($152M), and Germany ($43M).

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

Comparative Advantage Barbados - Nepal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Barbados had a large net trade with Nepal in the exports of Foodstuffs ($495) and Textiles ($179).

During 2017, Nepal had a large net trade with Barbados in the exports of Machines ($100k).

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 Nepal. This means that a dot/product with the flag of Barbados indicates it has a comparative advantage over Nepal. Similarly, a dot/product with the flag of Nepal indicates it has a comparative advantage over Barbados.

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Historical Data

Bilateral Trade by Products

Exports from Barbados () to Nepal () (2022)

Exports from Nepal () to Barbados () (2022)

Market Competitiveness

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

Comparative Advantage Barbados - Nepal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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