Barbados (BRB) and North Korea (PRK) Trade | The Observatory of Economic Complexity

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Barbados-North Korea Trade: In 2022, Barbados exported $62.3k to North Korea. The main products that Barbados exported to North Korea were Orthopedic Appliances ($62.1k), Precious Metal Watches ($123), and Jewellery ($62). Over the past 5 years the exports of Barbados to North Korea have increased at an annualized rate of 209%, from $221 in 2017 to $62.3k in 2022.

In 2022, Barbados did not export any services to North Korea.

North Korea-Barbados Trade: In 2022, North Korea exported $1.74M to Barbados. The main products that North Korea exported to Barbados were Water and Gas Generators ($984k), Fork-Lifts ($166k), and Air Pumps ($103k). Over the past 5 years the exports of North Korea to Barbados have increased at an annualized rate of 22.6%, from $628k in 2017 to $1.74M in 2022.

In 2022, North Korea did not export any services to Barbados.

Comparison In 2022, Barbados ranked 176 in total exports ($393M). That same year, North Korea ranked 182 in total exports ($248M). 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 $62.3k to North Korea. The main products exported from Barbados to North Korea were Orthopedic Appliances ($62.1k), Precious Metal Watches ($123), and Jewellery ($62). During the last 5 years the exports of Barbados to North Korea have increased at an annualized rate of 209%, from $221 in 2017 to $62.3k in 2022.

In 2017, North Korea exported $1.74M to Barbados. The main products exported from North Korea to Barbados were Water and Gas Generators ($984k), Fork-Lifts ($166k), and Air Pumps ($103k). During the last 5 years the exports of North Korea to Barbados have increased at an annualized rate of 22.6%, from $628k in 2022 to $1.74M in 2017.

Exports from Barbados () to North Korea () (2022)

Exports from North Korea () to Barbados () (2022)

Latest Data

Trade between Barbados () and North Korea ()

Barbados Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Barbados
Top DestinationUnited States$88.6M

North Korea
Top DestinationChina$131M

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

In 2022, countries that imported more from Barbados than North Korea included United States ($88.6M), Jamaica ($43.3M), and Trinidad and Tobago ($33.8M).

In 2022, countries that imported more from North Korea than Barbados included China ($131M), Senegal ($26.9M), and Nigeria ($14M).

Difference in imports from North Korea () and Barbados () (2022)

Comparative Advantage Barbados - North Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Barbados had a large net trade with North Korea in the exports of Instruments ($62.2k) and Precious Metals ($62).

During 2017, North Korea had a large net trade with Barbados in the exports of Machines ($1.56M), Textiles ($75k), and Metals ($45.8k).

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

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Historical Data

Bilateral Trade by Products

Exports from Barbados () to North Korea () (2022)

Exports from North Korea () to Barbados () (2022)

Latest Data

Trade between Barbados () and North Korea ()

Barbados Exports

Market Competitiveness

Difference in imports from North Korea () and Barbados () (2022)

Comparative Advantage Barbados - North Korea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Barbados () and North Korea () (2022)

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