Portugal (PRT) and Barbados (BRB) Trade | The Observatory of Economic Complexity

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Portugal-Barbados Trade: In 2022, Portugal exported $4.25M to Barbados. The main products that Portugal exported to Barbados were Other Aluminium Products ($955k), Iron Blocks ($882k), and Aluminium Structures ($741k). Over the past 5 years the exports of Portugal to Barbados have increased at an annualized rate of 6.27%, from $3.14M in 2017 to $4.25M in 2022.

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

Barbados-Portugal Trade: In 2022, Barbados exported $6.95k to Portugal. The main products that Barbados exported to Portugal were Non-Knit Men's Suits ($3.79k), Paintings ($1.15k), and Hard Liquor ($699). Over the past 5 years the exports of Barbados to Portugal have increased at an annualized rate of 8.71%, from $4.58k in 2017 to $6.95k in 2022.

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

Comparison In 2022, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Barbados ranked 176 in total exports ($393M), and does not have data regarding Economic Complexity Index.

Latest Trends

June, 2024

About

Overview In June 2024, Portugal exported €70.3k and imported €622 from Barbados, resulting in a positive trade balance of €69.7k. Between June 2023 and June 2024 the exports of Portugal have decreased by €-30.1k (-30%) from €100k to €70.3k, while imports increased by €622 (N/A%) from €0 to €622.

Trade In June 2024, the top exports of Portugal to Barbados were Aluminum articles (€130k), Paper articles (€125k), Electrical machinery and electronics (€2.15k), Used clothes & textile articles (€565), and Headgear (€322). In June 2024 the top imports of Portugal from Barbados were Live animals (€0), Meat & edible offal (€0), Fish, crustaceans, & molluscs (€0), Edible products of animal origin, n.e.s. (€0), and Animal originated products, n.e.s. (€0).

Growth In June 2024, the decrease in Portugal's year-by-year exports to Barbados was explained primarily by an decrease in product exports in Non-knitted clothing accesories (€-2.3k or -100%) and Machinery, mechanical appliances, & parts (€-73 or -100%). In June 2024, the increase in Portugal'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)€-30.1k(-30%)

IMPORT GROWTH (June 2023 - June 2024)€622(N/A%)

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

To check Barbados and Portugal 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, Portugal exported $4.25M to Barbados. The main products exported from Portugal to Barbados were Other Aluminium Products ($955k), Iron Blocks ($882k), and Aluminium Structures ($741k). During the last 5 years the exports of Portugal to Barbados have increased at an annualized rate of 6.27%, from $3.14M in 2017 to $4.25M in 2022.

In 2017, Barbados exported $6.95k to Portugal. The main products exported from Barbados to Portugal were Non-Knit Men's Suits ($3.79k), Paintings ($1.15k), and Hard Liquor ($699). During the last 5 years the exports of Barbados to Portugal have increased at an annualized rate of 8.71%, from $4.58k in 2022 to $6.95k in 2017.

Exports from Portugal () to Barbados () (2022)

Exports from Barbados () to Portugal () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Portugal
Top DestinationSpain$20.5B

Barbados
Top DestinationUnited States$88.6M

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

In 2022, countries that imported more from Portugal than Barbados included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

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

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

Comparative Advantage Portugal - Barbados

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Portugal had a large net trade with Barbados in the exports of Metals ($2.67M), Paper Goods ($667k), and Wood Products ($513k).

During 2017, Barbados had a large net trade with Portugal in the exports of Textiles ($4.05k), Arts and Antiques ($1.15k), and Foodstuffs ($699).

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

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Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Portugal () to Barbados () (2022)

Exports from Barbados () to Portugal () (2022)

Market Competitiveness

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

Comparative Advantage Portugal - Barbados

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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