2022
Flag  
GDP
$5.64BCURRENT US$
Rnk 152 / 186
2012-2022
Flag
GDP GROWTH
22.3%CURRENT US$
Rnk 116 / 186
2022
Flag
 GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
GDP PC 
$20,019CURRENT US$
Rnk 52 / 186
2012-2022
Flag
GDP PC GROWTH
19.9%CURRENT US$
Rnk 89 / 186
2022
Flag
GDP PC
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186

About

Barbados-South Korea In 2022, Barbados exported $310k to South Korea. The main products that Barbados exported to South Korea are Orthopedic Appliances ($285k), Hard Liquor ($20.1k), and Microphones and Headphones ($2.41k). During the last 27 years the exports of Barbados to South Korea have decreased at an annualized rate of 0.73%, from $377k in 1995 to $310k in 2022.

In 2022, Barbados did not export any services to South Korea.

South Korea-Barbados In 2022, South Korea exported $7.9M to Barbados. The main products that South Korea exported to Barbados were Cars ($2.69M), Coated Flat-Rolled Iron ($1.52M), and Electric Batteries ($822k). During the last 27 years the exports of South Korea to Barbados have decreased at an annualized rate of 0.38%, from $8.77M in 1995 to $7.9M in 2022.

In 2022, South Korea 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Barbados exported $310k to South Korea. The main products exported from Barbados to South Korea were Orthopedic Appliances ($285k), Hard Liquor ($20.1k), and Microphones and Headphones ($2.41k). During the last 27 years the exports of Barbados to South Korea have decreased at an annualized rate of 0.73%, from $377k in 1995 to $310k in 2022.

In 2022, South Korea exported $7.9M to Barbados. The main products exported from South Korea to Barbados were Cars ($2.69M), Coated Flat-Rolled Iron ($1.52M), and Electric Batteries ($822k). During the last 27 years the exports of South Korea to Barbados have decreased at an annualized rate of 0.38%, from $8.77M in 1995 to $7.9M in 2022.

Exports from Barbados (Flag) to South Korea (Flag) (2022)

Exports from South Korea (Flag) to Barbados (Flag) (2022)

Latest Data

Trade between Barbados (Flag) and South Korea (Flag)

Barbados Exports

South Korea Exports

Market Competitiveness

Color
Barbados
Top Destination
United States$88.6M
South Korea
Top Destination
China$150B

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

In 2021, countries that imported more from Barbados than South Korea were Saint Lucia ($20.8M), Grenada ($13.5M), and Saint Vincent and the Grenadines ($14.1M).

In 2021, countries that imported more from South Korea than Barbados were China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea (Flag) and Barbados (Flag) (2022)

Comparative Advantage Barbados - South Korea

Flow
Scale

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

During 2022, Barbados had a large net trade with South Korea in the exports of Instruments ($285k), Foodstuffs ($20.2k), and Machines ($3.36k).

During 2022, South Korea had a large net trade with Barbados in the exports of Transportation ($3.54M), Machines ($1.89M), and Metals ($1.58M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Barbados has comparative advantage over South Korea. Similarly, the more yellow a dot/product is, the more South Korea has comparative advantage over Barbados.

Product Space of Barbados (Flag) and South Korea (Flag) (2022)

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with