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Pricing

2022
Flag → Flag
Exports $16.7MRnk 173 / 223
2022
Flag → Flag
Top Product $1.27MLaboratory Reagents
2022
Flag → Flag
Exports $623kRnk 42 / 139
2022
Flag → Flag
Top Product $198kOrthopedic Appliances
2022
Flag
Economic Complexity (ECI) ECI 1.75Rnk 3 / 124
2022
Flag  
GDP$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP GROWTH15.5%CURRENT US$
Rnk 136 / 186
2022
Flag
 GDP$5.64BCURRENT US$
Rnk 152 / 186
2012-2022
Flag
GDP GROWTH22.3%CURRENT US$
Rnk 116 / 186
2022
Flag
GDP PC $48,432CURRENT US$
Rnk 21 / 186
2012-2022
Flag
GDP PC GROWTH10.4%CURRENT US$
Rnk 115 / 186
2022
Flag
GDP PC$20,019CURRENT US$
Rnk 52 / 186
2012-2022
Flag
GDP PC GROWTH19.9%CURRENT US$
Rnk 89 / 186

About

Germany-Barbados In 2022, Germany exported $16.7M to Barbados. The main products that Germany exported to Barbados are Laboratory Reagents ($1.27M), Soybean Oil ($960k), and Packaged Medicaments ($790k). During the last 27 years the exports of Germany to Barbados have increased at an annualized rate of 1.24%, from $12M in 1995 to $16.7M in 2022.

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

Barbados-Germany In 2022, Barbados exported $623k to Germany. The main products that Barbados exported to Germany were Orthopedic Appliances ($198k), Hard Liquor ($127k), and Electrical Resistors ($60.5k). During the last 27 years the exports of Barbados to Germany have decreased at an annualized rate of 3.94%, from $1.84M in 1995 to $623k in 2022.

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

Comparison In 2022,  Germany ranked 3 in the Economic Complexity Index (ECI 1.75),  and 3 in total exports ($1.6T). That same year, Barbados ranked 176 in total exports ($393M), and does not have data regarding Economic Complexity Index.

Latest Trends

January, 2024

About

Overview In January 2024, Germany exported €1.44M and imported €286k from Barbados, resulting in a positive trade balance of €1.16M. Between January 2023 and January 2024 the exports of Germany have increased by €310k (27.4%) from €1.13M to €1.44M, while imports increased by €75k (35.5%) from €211k to €286k.

Trade In January 2024, the top exports of Germany to Barbados were Motor cars and motor caravans (€158k), Machinery for mining, quarrying and construction (€156k), Pharmaceutical products (€150k), Vegetable oils and fats (€121k), and Perfumes and toilet preparations (€102k). In January 2024 the top imports of Germany from Barbados were Spirits (€161k), Medical, surgical equipment, orthopaedic apparatus (€23k), Other electric machinery, apparatus and appliances (€9k), Railway or tramway locomotives and rolling... (€9k), and Machinery for electricity production, distribution (€4k).

Origins In January 2024 the exports of Germany were mainly from Bavaria (€367k), North Rhine-Westphalia (€216k), Hamburg (€184k), Baden-Württemberg (€176k), and Bremen (€98k), while imports destinations were mainly Hesse (€89k), Hamburg (€32k), Schleswig-Holstein (€16k), and Bavaria (€15k).

Growth In January 2024, the increase in Germany's year-by-year exports to Barbados was explained primarily by an increase in product exports in Pharmaceutical products (€102k or 213%), Perfumes and toilet preparations (€98k or 2.45k%), and Motor cars and motor caravans (€69k or 77.5%). In January 2024, the increase in Germany's year-by-year imports  from Barbados was explained primarily by an increase in product imports  in Spirits (€101k or 168%), Medical, surgical equipment, orthopaedic apparatus (€4k or 21.1%), and Machinery for electricity production, distribution (€3k or 300%).

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (January 2023 - January 2024)€310k(27.4%)
IMPORT GROWTH (January 2023 - January 2024)€75k(35.5%)
MAIN EXPORTER (January 2024)Bavaria€367k

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

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

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Germany exported $16.7M to Barbados. The main products exported from Germany to Barbados were Laboratory Reagents ($1.27M), Soybean Oil ($960k), and Packaged Medicaments ($790k). During the last 27 years the exports of Germany to Barbados have increased at an annualized rate of 1.24%, from $12M in 1995 to $16.7M in 2022.

In 2022, Barbados exported $623k to Germany. The main products exported from Barbados to Germany were Orthopedic Appliances ($198k), Hard Liquor ($127k), and Electrical Resistors ($60.5k). During the last 27 years the exports of Barbados to Germany have decreased at an annualized rate of 3.94%, from $1.84M in 1995 to $623k in 2022.

Exports from Germany (Flag) to Barbados (Flag) (2022)

Exports from Barbados (Flag) to Germany (Flag) (2022)

Market Competitiveness

Color
Germany
Top DestinationUnited States$153B
Barbados
Top DestinationUnited States$88.6M

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

In 2021, countries that imported more from Germany than Barbados were United States ($153B), France ($120B), and China ($109B).

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

Difference in imports from Barbados (Flag) and Germany (Flag) (2022)

Comparative Advantage Germany - Barbados

Flow
Scale

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

During 2022, Germany had a large net trade with Barbados in the exports of Machines ($5.36M), Chemical Products ($3.23M), and Instruments ($1.44M).

During 2022, Barbados had a large net trade with Germany in the exports of Instruments ($211k), Machines ($194k), and Foodstuffs ($163k).

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 Germany has comparative advantage over Barbados. Similarly, the more yellow a dot/product is, the more Barbados has comparative advantage over Germany.

Product Space of Germany (Flag) and Barbados (Flag) (2022)

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