Barbados

Compare Barbados →

BB · BRB · BACI 52 · latest data 2024

Exports

$444M USD, nominal · 2024

= $444 M10.0% over 5 yrs (down)

Imports

$2.5B USD, nominal · 2024

= $2,520 M53.7% over 5 yrs (up)

Trade balancedeficit

−$2.1B USD, nominal · 2024

= −$2,076 M

Total trade

$3.0B USD, nominal · 2024

= $2,965 M39.0% over 5 yrs (up)

World position: #168 of 225 exporters · bottom half · #157 of 225 importers · bottom half · 2024
World export share since 1995: ±0.0 pp

Trade timeline

Barbados's exports grew from $150M in 1995 to $444M in 2024; the 2024 balance was −$2.1B.

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Exports, imports, trade balance and total trade of Barbados per year, USD millions.
Year	Exports ($M)	Imports ($M)	Balance ($M)	Total ($M)
1995	$150 M	$462 M	−$312 M	$613 M
1996	$225 M	$547 M	−$322 M	$773 M
1997	$294 M	$1,310 M	−$1,016 M	$1,603 M
1998	$294 M	$1,109 M	−$816 M	$1,403 M
1999	$292 M	$1,145 M	−$853 M	$1,437 M
2000	$649 M	$2,039 M	−$1,390 M	$2,688 M
2001	$396 M	$1,246 M	−$850 M	$1,642 M
2002	$431 M	$1,134 M	−$703 M	$1,565 M
2003	$433 M	$1,326 M	−$893 M	$1,759 M
2004	$551 M	$1,277 M	−$726 M	$1,828 M
2005	$472 M	$1,816 M	−$1,344 M	$2,288 M
2006	$462 M	$1,824 M	−$1,362 M	$2,287 M
2007	$603 M	$1,779 M	−$1,176 M	$2,382 M
2008	$773 M	$2,277 M	−$1,505 M	$3,050 M
2009	$1,203 M	$2,713 M	−$1,510 M	$3,916 M
2010	$1,266 M	$2,686 M	−$1,420 M	$3,953 M
2011	$1,364 M	$6,317 M	−$4,952 M	$7,681 M
2012	$846 M	$5,698 M	−$4,852 M	$6,545 M
2013	$507 M	$2,053 M	−$1,546 M	$2,559 M
2014	$602 M	$1,961 M	−$1,359 M	$2,562 M
2015	$467 M	$1,735 M	−$1,268 M	$2,202 M
2016	$569 M	$1,714 M	−$1,145 M	$2,283 M
2017	$532 M	$1,807 M	−$1,275 M	$2,338 M
2018	$502 M	$1,763 M	−$1,260 M	$2,265 M
2019	$494 M	$1,639 M	−$1,146 M	$2,133 M
2020	$341 M	$1,743 M	−$1,403 M	$2,084 M
2021	$373 M	$1,847 M	−$1,474 M	$2,220 M
2022	$400 M	$2,200 M	−$1,801 M	$2,600 M
2023	$421 M	$2,478 M	−$2,057 M	$2,899 M
2024	$444 M	$2,520 M	−$2,076 M	$2,965 M

30 rows

World share & rank

World export share moved from 0.0% in 1995 to 0.0% in 2024; export rank #152 → #168.

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World export and import share in percent, and world ranks, of Barbados per year.
Year	Export share (%)	Import share (%)	Export rank	Import rank
1995	0.00%	0.01%	#152	#146
1996	0.00%	0.01%	#149	#147
1997	0.01%	0.02%	#145	#119
1998	0.01%	0.02%	#147	#128
1999	0.01%	0.02%	#147	#124
2000	0.01%	0.03%	#136	#111
2001	0.01%	0.02%	#149	#128
2002	0.01%	0.02%	#152	#136
2003	0.01%	0.02%	#155	#145
2004	0.01%	0.01%	#156	#149
2005	0.00%	0.02%	#161	#140
2006	0.00%	0.02%	#165	#149
2007	0.00%	0.01%	#160	#160
2008	0.00%	0.01%	#158	#156
2009	0.01%	0.02%	#147	#144
2010	0.01%	0.02%	#147	#155
2011	0.01%	0.04%	#152	#127
2012	0.00%	0.03%	#161	#135
2013	0.00%	0.01%	#174	#165
2014	0.00%	0.01%	#172	#169
2015	0.00%	0.01%	#172	#167
2016	0.00%	0.01%	#170	#163
2017	0.00%	0.01%	#169	#164
2018	0.00%	0.01%	#168	#166
2019	0.00%	0.01%	#170	#166
2020	0.00%	0.01%	#172	#162
2021	0.00%	0.01%	#171	#166
2022	0.00%	0.01%	#174	#161
2023	0.00%	0.01%	#170	#159
2024	0.00%	0.01%	#168	#157

30 rows

Trading partners

United States was Barbados's top trading partner in 2024, at 30.5% of total trade; the top five partners covered 65.0%.

Year

Top partner share: 30.5%
Top-5 share: 65.0%
Partners: 157
Partner HHI (0–1): 0.137

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United States $104M

Jamaica $34M

Trinidad & Tobago $30M

United Kingdom $28M

Canada $26M

Poland $24M

Guyana $22M

Saint Lucia $21M

France $13M

Germany $6M

China $3M

Dominican Rep. $3M

Netherlands $2M

Panama $1M

Japan $0M

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Top partners of Barbados in 2024, USD millions.
Rank	Partner	Exports to ($M)	Imports from ($M)	Total ($M)	Balance ($M)
#1	United States	$104 M	$799 M	$903 M	−$695 M
#2	Trinidad & Tobago	$30 M	$455 M	$485 M	−$425 M
#3	Guyana	$22 M	$252 M	$273 M	−$230 M
#4	Netherlands	$2 M	$133 M	$135 M	−$131 M
#5	United Kingdom	$28 M	$101 M	$129 M	−$73 M
#6	China	$3 M	$100 M	$104 M	−$97 M
#7	Japan	$0 M	$95 M	$95 M	−$95 M
#8	Canada	$26 M	$47 M	$72 M	−$21 M
#9	Jamaica	$34 M	$32 M	$66 M	$2 M
#10	Panama	$1 M	$49 M	$51 M	−$48 M
#11	Dominican Rep.	$3 M	$34 M	$37 M	−$31 M
#12	Poland	$24 M	$14 M	$37 M	$10 M
#13	France	$13 M	$24 M	$37 M	−$12 M
#14	Germany	$6 M	$25 M	$31 M	−$19 M
#15	Saint Lucia	$21 M	$6 M	$27 M	$15 M

15 rows

Products & sectors

Product composition of Barbados's trade in 2024.

Year

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Concentration & risk

Barbados's export partners diversified over 1995–2024 — HHI 0.144 → 0.086, a diversified export base across 135 partners in 2024.

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Export and import partner HHI (0–1) and partner counts of Barbados per year.
Year	Export HHI	Import HHI	Export partners	Import partners
1995	0.144	0.182	59	65
1996	0.229	0.179	69	68
1997	0.086	0.189	105	120
1998	0.093	0.186	104	125
1999	0.111	0.192	104	133
2000	0.339	0.253	124	162
2001	0.100	0.195	133	160
2002	0.108	0.182	127	154
2003	0.180	0.164	133	171
2004	0.223	0.170	122	167
2005	0.076	0.179	128	166
2006	0.093	0.167	154	168
2007	0.093	0.158	148	162
2008	0.132	0.123	161	162
2009	0.434	0.225	148	158
2010	0.408	0.156	152	157
2011	0.402	0.386	152	169
2012	0.197	0.464	143	161
2013	0.071	0.148	147	169
2014	0.085	0.143	150	173
2015	0.132	0.167	147	167
2016	0.130	0.167	166	172
2017	0.069	0.156	166	172
2018	0.066	0.171	160	169
2019	0.084	0.150	146	166
2020	0.064	0.186	148	140
2021	0.075	0.199	141	142
2022	0.088	0.181	140	139
2023	0.097	0.153	139	132
2024	0.086	0.152	135	137

30 rows

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