Barbados (BRB) and Belgium (BEL) Trade | The Observatory of Economic Complexity

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Barbados-Belgium Trade: In 2022, Barbados exported $130k to Belgium. The main products that Barbados exported to Belgium were Orthopedic Appliances ($62.8k), Ferroalloys ($25.6k), and Cars ($19.9k). Over the past 5 years the exports of Barbados to Belgium have decreased at an annualized rate of 32.5%, from $925k in 2017 to $130k in 2022.

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

Belgium-Barbados Trade: In 2022, Belgium exported $4.87M to Barbados. The main products that Belgium exported to Barbados were Other Frozen Vegetables ($745k), Iron Wire ($239k), and Aluminium Plating ($214k). Over the past 5 years the exports of Belgium to Barbados have decreased at an annualized rate of 1.83%, from $5.34M in 2017 to $4.87M in 2022.

In 2022, Belgium 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, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Barbados exported $130k to Belgium. The main products exported from Barbados to Belgium were Orthopedic Appliances ($62.8k), Ferroalloys ($25.6k), and Cars ($19.9k). During the last 5 years the exports of Barbados to Belgium have decreased at an annualized rate of 32.5%, from $925k in 2017 to $130k in 2022.

In 2017, Belgium exported $4.87M to Barbados. The main products exported from Belgium to Barbados were Other Frozen Vegetables ($745k), Iron Wire ($239k), and Aluminium Plating ($214k). During the last 5 years the exports of Belgium to Barbados have decreased at an annualized rate of 1.83%, from $5.34M in 2022 to $4.87M in 2017.

Exports from Barbados () to Belgium () (2022)

Exports from Belgium () to Barbados () (2022)

Latest Data

Trade between Barbados () and Belgium ()

Barbados Exports

Date

Belgium Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Barbados
Top DestinationUnited States$88.6M

Belgium
Top DestinationGermany$91.9B

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

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

In 2022, countries that imported more from Belgium than Barbados included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

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

Comparative Advantage Barbados - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Barbados had a large net trade with Belgium in the exports of Instruments ($62.8k), Metals ($26k), and Transportation ($19.9k).

During 2017, Belgium had a large net trade with Barbados in the exports of Foodstuffs ($1.07M), Metals ($917k), and Chemical Products ($672k).

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

About

Historical Data

Bilateral Trade by Products

Exports from Barbados () to Belgium () (2022)

Exports from Belgium () to Barbados () (2022)

Latest Data

Trade between Barbados () and Belgium ()

Barbados Exports

Belgium Exports

Market Competitiveness

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

Comparative Advantage Barbados - Belgium

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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