Thailand (THA) and Barbados (BRB) Trade | The Observatory of Economic Complexity

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Thailand-Barbados Trade: In 2022, Thailand exported $24.7M to Barbados. The main products that Thailand exported to Barbados were Delivery Trucks ($11.2M), Processed Fish ($5.68M), and Cars ($4.62M). Over the past 5 years the exports of Thailand to Barbados have increased at an annualized rate of 0.069%, from $24.6M in 2017 to $24.7M in 2022.

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

Barbados-Thailand Trade: In 2022, Barbados exported $1.58M to Thailand. The main products that Barbados exported to Thailand were Insulated Wire ($645k), Scrap Iron ($533k), and Orthopedic Appliances ($299k). Over the past 5 years the exports of Barbados to Thailand have increased at an annualized rate of 9.32%, from $1.01M in 2017 to $1.58M in 2022.

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

Comparison In 2022, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B). That same year, Barbados ranked 176 in total exports ($393M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Thailand exported $24.7M to Barbados. The main products exported from Thailand to Barbados were Delivery Trucks ($11.2M), Processed Fish ($5.68M), and Cars ($4.62M). During the last 5 years the exports of Thailand to Barbados have increased at an annualized rate of 0.069%, from $24.6M in 2017 to $24.7M in 2022.

In 2017, Barbados exported $1.58M to Thailand. The main products exported from Barbados to Thailand were Insulated Wire ($645k), Scrap Iron ($533k), and Orthopedic Appliances ($299k). During the last 5 years the exports of Barbados to Thailand have increased at an annualized rate of 9.32%, from $1.01M in 2022 to $1.58M in 2017.

Exports from Thailand () to Barbados () (2022)

Exports from Barbados () to Thailand () (2022)

Latest Data

Trade between Thailand () and Barbados ()

Thailand Exports

Date

Barbados Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Thailand
Top DestinationUnited States$53.4B

Barbados
Top DestinationUnited States$88.6M

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

In 2022, countries that imported more from Thailand than Barbados included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

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

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

Comparative Advantage Thailand - Barbados

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Thailand had a large net trade with Barbados in the exports of Transportation ($16M), Foodstuffs ($6.55M), and Plastics and Rubbers ($692k).

During 2017, Barbados had a large net trade with Thailand in the exports of Machines ($666k), Metals ($533k), and Instruments ($300k).

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

About

Historical Data

Bilateral Trade by Products

Exports from Thailand () to Barbados () (2022)

Exports from Barbados () to Thailand () (2022)

Latest Data

Trade between Thailand () and Barbados ()

Thailand Exports

Barbados Exports

Market Competitiveness

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

Comparative Advantage Thailand - Barbados

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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