Barbados (BRB) and Sri Lanka (LKA) Trade | The Observatory of Economic Complexity

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Barbados-Sri Lanka Trade: In 2022, Barbados exported $23.2k to Sri Lanka. The main products that Barbados exported to Sri Lanka were Plastic Housewares ($21k), Computers ($1.49k), and Electrical Resistors ($715). Over the past 5 years the exports of Barbados to Sri Lanka have increased at an annualized rate of 55.5%, from $2.55k in 2017 to $23.2k in 2022.

In 2022, Barbados did not export any services to Sri Lanka.

Sri Lanka-Barbados Trade: In 2022, Sri Lanka exported $539k to Barbados. The main products that Sri Lanka exported to Barbados were Documents of title (bonds etc) and unused stamps ($294k), Tea ($79.1k), and Cinnamon ($33.4k). Over the past 5 years the exports of Sri Lanka to Barbados have increased at an annualized rate of 0.16%, from $535k in 2017 to $539k in 2022.

In 2022, Sri Lanka 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, Sri Lanka ranked 82 in the Economic Complexity Index (ECI -0.35), and 89 in total exports ($14.8B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Barbados exported $23.2k to Sri Lanka. The main products exported from Barbados to Sri Lanka were Plastic Housewares ($21k), Computers ($1.49k), and Electrical Resistors ($715). During the last 5 years the exports of Barbados to Sri Lanka have increased at an annualized rate of 55.5%, from $2.55k in 2017 to $23.2k in 2022.

In 2017, Sri Lanka exported $539k to Barbados. The main products exported from Sri Lanka to Barbados were Documents of title (bonds etc) and unused stamps ($294k), Tea ($79.1k), and Cinnamon ($33.4k). During the last 5 years the exports of Sri Lanka to Barbados have increased at an annualized rate of 0.16%, from $535k in 2022 to $539k in 2017.

Exports from Barbados () to Sri Lanka () (2022)

Exports from Sri Lanka () to Barbados () (2022)

Latest Data

Trade between Barbados () and Sri Lanka ()

Barbados Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Barbados
Top DestinationUnited States$88.6M

Sri Lanka
Top DestinationUnited States$3.52B

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

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

In 2022, countries that imported more from Sri Lanka than Barbados included United States ($3.52B), India ($1.12B), and United Kingdom ($1.04B).

Difference in imports from Sri Lanka () and Barbados () (2022)

Comparative Advantage Barbados - Sri Lanka

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Barbados had a large net trade with Sri Lanka in the exports of Plastics and Rubbers ($21k), Machines ($2.2k), and Miscellaneous ($6).

During 2017, Sri Lanka had a large net trade with Barbados in the exports of Paper Goods ($294k), Vegetable Products ($169k), and Foodstuffs ($26.7k).

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

About

Historical Data

Bilateral Trade by Products

Exports from Barbados () to Sri Lanka () (2022)

Exports from Sri Lanka () to Barbados () (2022)

Latest Data

Trade between Barbados () and Sri Lanka ()

Barbados Exports

Market Competitiveness

Difference in imports from Sri Lanka () and Barbados () (2022)

Comparative Advantage Barbados - Sri Lanka

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Barbados () and Sri Lanka () (2022)

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