Barbados

PRODUCT EXPORTS (2018)

$414M

RANK 165 OF 222

EXPORTS PER CAPITA (2018)

$1.44K

RANK 176 OF 219

PRODUCT IMPORTS (2018)

$1.65B

RANK 159 OF 221

IMPORTS PER CAPITA (2018)

$5.76K

RANK 169 of 219

SERVICE EXPORTS (2016)

$1.41B

RANK 96 OF 152

SERVICE IMPORTS (2016)

$667M

RANK 122 OF 152

GDP (2018)

$5.15B

CURRENT US$
RANK 156 OF 196

GDP GROWTH (2008-2018)

7.53%

CURRENT US$
RANK 150 OF 196

GDP PC (2018)

$17,949

CURRENT US$
RANK 51 OF 196

GDP PC GROWTH (2008-2018)

5.01%

Overview: In 2018 Barbados was the number 156 economy in the world in terms of GDP (current US$), the number 165 in total exports, and the number 159 in total imports. In 2018, Barbados exported $414M and imported $1.65B, resulting in a negative trade balance of -$1.24B. In 2018, Barbados’s exports per capita were $1.44k and its imports per capita were $5.76k.

Trade: The top exports of Barbados are Hard Liquor ($54.6M), Packaged Medicaments ($21.6M), Gold ($21.5M), Passenger and Cargo Ships ($20.6M), and Cement ($20.5M). The top imports of Barbados are Refined Petroleum ($375M), Gold ($55.7M), Cars ($47.7M), Railway Cargo Containers ($41.2M), and Packaged Medicaments ($25.9M).

Destinations: Barbados exports mostly to United States ($102M), Trinidad and Tobago ($28.9M), Guyana ($27.5M), Jamaica ($22.3M), and Saint Lucia ($20.8M), and imports mostly from United States($601M), Trinidad and Tobago ($275M), China ($130M), United Kingdom ($64.6M), and Colombia ($63.1M).

Location: Barbados borders France, Guyana, Saint Lucia, Saint Vincent and the Grenadines, and Trinidad and Tobago by sea.

Exports

In 2018 Barbados exported a total of $414M, making it the number 165 exporter in the world. During the last five reported years the exports of Barbados have changed by -$57.3M from $471M in 2013 to $414M in 2018.

The most recent exports are led by Hard Liquor ($54.6M), Packaged Medicaments ($21.6M), Gold ($21.5M), Passenger and Cargo Ships ($20.6M), and Cement ($20.5M).

Imports

In 2018 Barbados imported $1.65B, making it the number 159 trade destination in the world. During the last five reported years the imports of Barbados changed by -$336M from $1.99B in 2013 to $1.65B in 2018.

The most recent imports of Barbados are led by Refined Petroleum ($375M), Gold ($55.7M), Cars ($47.7M), Railway Cargo Containers ($41.2M), and Packaged Medicaments ($25.9M).

Trade Balance

As of 2018 Barbados had a negative trade balance of $1.28B in net imports. As compared to their trade balance in 1995 when they still had a negative trade balance of $269M in net imports.

Destinations

The most common destination for the exports of Barbados are United States ($102M), Trinidad and Tobago ($28.9M), Guyana ($27.5M), Jamaica ($22.3M), and Saint Lucia ($20.8M).

Origins

The most common import partners for Barbados are United States ($601M), Trinidad and Tobago ($275M), China ($130M), United Kingdom ($64.6M), and Colombia ($63.1M).