Dominican Rep.-Barbados Bilateral Trade Analysis 2023
Complete trade statistics: $26.21M total volume •Dominican Rep. surplus: $16.77M
Dominican Rep. → Barbados
$21.49M
Exports (2023)
Barbados → Dominican Rep.
$4.72M
Imports (2023)
Trade Balance
$16.77M
Surplus for Dominican Rep.
Total Trade
$26.21M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Dominican Rep. and Barbados. Green line shows exports from Dominican Rep., red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Dominican Rep.-Barbados commercial relationship and competitive positioning in global markets.
Dominican Rep. → Barbados Exports
Export Market Intelligence
🎯 Strategic Export Focus
Dominican Rep.'s export portfolio to Barbados demonstrates strategic specialization, with t-shirts, singlets and other vests: of cotton, knitted or crocheted representing a key competitive advantage in this bilateral market.
Barbados → Dominican Rep. Imports
Import Dependency Profile
📦 Import Strategy Analysis
Dominican Rep.'s import pattern from Barbados reveals significant dependencyin paper and paperboard: labels or all kinds, printed, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Dominican Rep. demonstrates competitive strength in exportingt-shirts, singlets and other vests: of cotton, knitted or crocheted to Barbados, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $26.21M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Dominican Rep.-Barbados Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $26.21 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Dominican Rep. maintains a surplus of $16.77 million
- Export Focus: Dominican Rep.'s primary exports include t-shirts, singlets and other vests: of cotton, knitted or crocheted, vegetable preparations: potatoes, prepared or preserved otherwise than by vinegar or acetic acid, not frozen, electrical apparatus: n.e.c. in heading no. 8536, for switching or protecting electrical circuits, for a voltage not exceeding 1000 volts
- Import Dependencies: Key imports from Barbados include paper and paperboard: labels or all kinds, printed, kaolin and other kaolinic clays: whether or not calcined, liqueurs and cordials
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $26.21M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Dominican Rep. leveraging its comparative advantages in t-shirts, singlets and other vests: of cotton, knitted or crocheted.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Dominican Rep.'s specialization in t-shirts, singlets and other vests: of cotton, knitted or crochetedcomplements Barbados's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in paper and paperboard: labels or all kinds, printed.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $26.21M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $26.21M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $26.21 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in t-shirts, singlets and other vests: of cotton, knitted or crocheted and paper and paperboard: labels or all kinds, printed demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Dominican Rep.'s trade surplus of $16.77 million strengthens its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Dominican Rep. and Barbados represents a total trade volume of $26.21 million in 2023. This partnership demonstrates a favorable trade balance for Dominican Rep., with exports exceeding importsby $16.77 million.
Export Strengths
Dominican Rep.'s exports to Barbados total $21.49 million, with competitive advantages in t-shirts, singlets and other vests: of cotton, knitted or crocheted, representing $1.49M or7.0% of bilateral exports.
Import Dependencies
Imports from Barbados amount to $4.72 million, highlighting economic interdependence in paper and paperboard: labels or all kinds, printed, with Paper and paperboard: labels or all kinds, printed comprising45.1% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Dominican Rep.'s competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Dominican Rep. and Barbados in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023