India (IND) and Barbados (BRB) Trade | The Observatory of Economic Complexity

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India-Barbados Trade: In 2022, India exported $22.2M to Barbados. The main products that India exported to Barbados were Cars ($8.35M), Packaged Medicaments ($2.39M), and Coated Flat-Rolled Iron ($2.31M). Over the past 5 years the exports of India to Barbados have increased at an annualized rate of 5.31%, from $17.1M in 2017 to $22.2M in 2022.

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

Barbados-India Trade: In 2022, Barbados exported $1.29M to India. The main products that Barbados exported to India were Industrial Fatty Acids, Oils and Alcohols ($525k), Scrap Iron ($352k), and Electrical Parts ($215k). Over the past 5 years the exports of Barbados to India have increased at an annualized rate of 75.9%, from $76.6k in 2017 to $1.29M in 2022.

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

Comparison In 2022, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Barbados ranked 176 in total exports ($393M), and does not have data regarding Economic Complexity Index.

Latest Trends

June, 2024

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Overview In June 2024, India exported $2.46M and imported $61k from Barbados, resulting in a positive trade balance of $2.4M. Between June 2023 and June 2024 the exports of India have increased by $995k (68%) from $1.46M to $2.46M, while imports increased by $54.9k (905%) from $6.07k to $61k.

Trade In June 2024, the top exports of India to Barbados were Motor Vehicle/Cars ($369k), Lead And Products Made Of Led ($230k), Drug Formulations, Biologicals ($139k), Iron And Steel ($61.9k), and Packaging Materials ($53.6k). In June 2024 the top imports of India from Barbados were Other Commodities ($42k) and Handcrfs(Excl.Handmade Crpts) ($3.79k).

Growth In June 2024, the increase in India's year-by-year exports to Barbados was explained primarily by an increase in product exports in Packaging Materials ($50.3k or 1.54k%), Auto Components/Parts ($47.7k or 5.38k%), and Other Misc. Engineering Items ($30.1k or 6.77k%). In June 2024, the increase in India's year-by-year imports from Barbados was explained primarily by an increase in product imports in .

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)$995k(68%)

IMPORT GROWTH (June 2023 - June 2024)$54.9k(905%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Barbados and India trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, India exported $22.2M to Barbados. The main products exported from India to Barbados were Cars ($8.35M), Packaged Medicaments ($2.39M), and Coated Flat-Rolled Iron ($2.31M). During the last 5 years the exports of India to Barbados have increased at an annualized rate of 5.31%, from $17.1M in 2017 to $22.2M in 2022.

In 2017, Barbados exported $1.29M to India. The main products exported from Barbados to India were Industrial Fatty Acids, Oils and Alcohols ($525k), Scrap Iron ($352k), and Electrical Parts ($215k). During the last 5 years the exports of Barbados to India have increased at an annualized rate of 75.9%, from $76.6k in 2022 to $1.29M in 2017.

Exports from India () to Barbados () (2022)

Exports from Barbados () to India () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

India
Top DestinationUnited States$82.9B

Barbados
Top DestinationUnited States$88.6M

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

In 2022, countries that imported more from India than Barbados included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

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

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

Comparative Advantage India - Barbados

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, India had a large net trade with Barbados in the exports of Transportation ($9.51M), Metals ($4.47M), and Chemical Products ($3.79M).

During 2017, Barbados had a large net trade with India in the exports of Chemical Products ($525k), Metals ($470k), and Machines ($215k).

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

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Latest Trends

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Latest Trade

Historical Data

Bilateral Trade by Products

Exports from India () to Barbados () (2022)

Exports from Barbados () to India () (2022)

Market Competitiveness

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

Comparative Advantage India - Barbados

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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