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2022
Flag → Flag
Exports $194kRnk 64 / 139
2022
Flag → Flag
Top Product $107kHard Liquor
2022
Flag → Flag
Exports $37.5kRnk 30 / 85
2022
Flag → Flag
Top Product $13.3kOther Cloth Articles
2022
Flag  
GDP$5.64BCURRENT US$
Rnk 152 / 186
2012-2022
Flag
GDP GROWTH22.3%CURRENT US$
Rnk 116 / 186
2022
Flag
 GDP$1.14BCURRENT US$
Rnk 175 / 186
2012-2022
Flag
GDP GROWTH56.6%CURRENT US$
Rnk 46 / 186
2022
Flag
GDP PC $20,019CURRENT US$
Rnk 52 / 186
2012-2022
Flag
GDP PC GROWTH19.9%CURRENT US$
Rnk 89 / 186
2022
Flag
GDP PC$24,918CURRENT US$
Rnk 44 / 186
2012-2022
Flag
GDP PC GROWTH9.93%CURRENT US$
Rnk 118 / 186

About

Barbados-Turks and Caicos Islands Trade: In 2022, Barbados exported $194k to Turks and Caicos Islands. The main products that Barbados exported to Turks and Caicos Islands were Hard Liquor ($107k), Pesticides ($45.5k), and Other Cloth Articles ($13.3k). Over the past 5 years the exports of Barbados to Turks and Caicos Islands have decreased at an annualized rate of 12.4%, from $376k in 2017 to $194k in 2022.

In 2022, Barbados did not export any services to Turks and Caicos Islands.

Turks and Caicos Islands-Barbados Trade: In 2022, Turks and Caicos Islands exported $37.5k to Barbados. The main products that Turks and Caicos Islands exported to Barbados were Other Cloth Articles ($13.3k), Computers ($6.71k), and Other Precious Metal Products ($3.15k). Over the past 5 years the exports of Turks and Caicos Islands to Barbados have increased at an annualized rate of 59%,  from $3.69k in 2017 to $37.5k in 2022.

In 2022, Turks and Caicos Islands did not export any services to Barbados.

Comparison In 2022,  Barbados ranked 176 in total exports ($393M). That same year, Turks and Caicos Islands ranked 204 in total exports ($41.4M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Barbados exported $194k to Turks and Caicos Islands. The main products exported from Barbados to Turks and Caicos Islands were Hard Liquor ($107k), Pesticides ($45.5k), and Other Cloth Articles ($13.3k). During the last 5 years the exports of Barbados to Turks and Caicos Islands have decreased at an annualized rate of 12.4%, from $376k in 2017 to $194k in 2022.

In 2017, Turks and Caicos Islands exported $37.5k to Barbados. The main products exported from Turks and Caicos Islands to Barbados were Other Cloth Articles ($13.3k), Computers ($6.71k), and Other Precious Metal Products ($3.15k). During the last 5 years the exports of Turks and Caicos Islands to Barbados have increased at an annualized rate of 59%, from $3.69k in 2022 to $37.5k in 2017.

Exports from Barbados (Flag) to Turks and Caicos Islands (Flag) (2022)

Exports from Turks and Caicos Islands (Flag) to Barbados (Flag) (2022)

Latest Data

Trade between Barbados (Flag) and Turks and Caicos Islands (Flag)

Barbados Exports

Market Competitiveness

Color
Barbados
Top DestinationUnited States$88.6M
Turks and Caicos Islands
Top DestinationTogo$25.1M

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

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

In 2022, countries that imported more from Turks and Caicos Islands than Barbados included Togo ($25.1M), Zimbabwe ($2.62M), and Democratic Republic of the Congo ($1.12M).

Difference in imports from Turks and Caicos Islands (Flag) and Barbados (Flag) (2022)

Comparative Advantage Barbados - Turks and Caicos Islands

Flow
Scale

This chart compares trade between Barbados and Turks and Caicos Islands by product, considering products traded by both, Barbados and Turks and Caicos Islands.

During 2022, Barbados had a large net trade with Turks and Caicos Islands in the exports of Foodstuffs ($107k), Chemical Products ($48.7k), and Textiles ($14.7k).

During 2017, Turks and Caicos Islands had a large net trade with Barbados in the exports of Textiles ($14.6k), Machines ($14k), and Precious Metals ($3.15k).

Economic Complexity

Competitive Landscape

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

Product Space of Barbados (Flag) and Turks and Caicos Islands (Flag) (2022)

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