Sweden-Barbados Bilateral Trade Analysis 2023
Complete trade statistics: $16.54M total volume •Sweden surplus: $16.54M
Sweden → Barbados
$16.54M
Exports (2023)
Barbados → Sweden
$0
Imports (2023)
Trade Balance
$16.54M
Surplus for Sweden
Total Trade
$16.54M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Sweden and Barbados. Green line shows exports from Sweden, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Sweden-Barbados commercial relationship and competitive positioning in global markets.
Sweden → Barbados Exports
Export Market Intelligence
🎯 Strategic Export Focus
Sweden's export portfolio to Barbados demonstrates strategic specialization, with edible mixtures or preparations of animal or vegetable fats or oils or of fractions of different fats or oils of this chapter, other than edible fats or oils of heading no. 1516 representing a key competitive advantage in this bilateral market.
Barbados → Sweden Imports
Import Dependency Profile
📦 Import Strategy Analysis
Sweden's import pattern from Barbados reveals significant dependencyin electric motors and generators: parts suitable for use solely or principally with the machines of heading no. 8501 or 8502, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Sweden demonstrates competitive strength in exportingedible mixtures or preparations of animal or vegetable fats or oils or of fractions of different fats or oils of this chapter, other than edible fats or oils of heading no. 1516 to Barbados, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $16.54M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Sweden-Barbados Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $16.54 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Sweden maintains a surplus of $16.54 million
- Export Focus: Sweden's primary exports include edible mixtures or preparations of animal or vegetable fats or oils or of fractions of different fats or oils of this chapter, other than edible fats or oils of heading no. 1516, vegetable fats and oils and their fractions: partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, whether or not refined, but not further prepared, turbines: parts of gas turbines (excluding turbo-jets and turbo-propellers)
- Import Dependencies: Key imports from Barbados include electric motors and generators: parts suitable for use solely or principally with the machines of heading no. 8501 or 8502, instruments, appliances and machines: for measuring or checking n.e.c. in chapter 90, iron or steel: articles n.e.c. in heading 7326
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 $16.54M 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 Sweden leveraging its comparative advantages in edible mixtures or preparations of animal or vegetable fats or oils or of fractions of different fats or oils of this chapter, other than edible fats or oils of heading no. 1516.
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
Sweden's specialization in edible mixtures or preparations of animal or vegetable fats or oils or of fractions of different fats or oils of this chapter, other than edible fats or oils of heading no. 1516complements Barbados's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in electric motors and generators: parts suitable for use solely or principally with the machines of heading no. 8501 or 8502.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $16.54M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $16.54M 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 $16.54 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in edible mixtures or preparations of animal or vegetable fats or oils or of fractions of different fats or oils of this chapter, other than edible fats or oils of heading no. 1516 and electric motors and generators: parts suitable for use solely or principally with the machines of heading no. 8501 or 8502 demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Sweden's trade surplus of $16.54 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 Sweden and Barbados represents a total trade volume of $16.54 million in 2023. This partnership demonstrates a favorable trade balance for Sweden, with exports exceeding importsby $16.54 million.
Export Strengths
Sweden's exports to Barbados total $16.54 million, with competitive advantages in edible mixtures or preparations of animal or vegetable fats or oils or of fractions of different fats or oils of this chapter, other than edible fats or oils of heading no. 1516, representing $5.30M or32.1% of bilateral exports.
Import Dependencies
Imports from Barbados amount to $0.00, highlighting economic interdependence in electric motors and generators: parts suitable for use solely or principally with the machines of heading no. 8501 or 8502, with Electric motors and generators: parts suitable for use solely or principally with the machines of heading no. 8501 or 8502 comprisingInfinity% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Sweden'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 Sweden and Barbados in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023