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Barbados trade in 2024

In 2024, Barbados exported $444 million and imported $2.5 billion, a trade deficit of $2.1 billion. It was the world's 169th-largest exporter, with 0% of world exports. Its top export was spirits (19% of the total) and its main trading partner was the United States (30.5% of its trade).

Summary

Exports
$444million
Imports
$2.5billion
Trade balance
-$2.1billion
Routes to the main partners. Width: trade value; color: estimated transport mode.SeaAirLand
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Products

What it exports

Spirits (19%) and refined petroleum (8.3%) together make up 27.3% of its exports.

  1. Spirits$85 million · 19%
    Main partner: United States
  2. Refined petroleum$37 million · 8.3%
    Main partner: United States
  3. Medicines in measured doses or retail packs$28 million · 6.3%
    Main partner: Trinidad and Tobago
  4. Cargo and cruise ships$20 million · 4.6%
    Main partner: Poland
  5. Ferrous scrap$15 million · 3.4%
    Main partner: Canada
  6. Bread, biscuits and pastries$15 million · 3.3%
    Main partner: Jamaica
  7. Crude petroleum$14 million · 3.1%
    Main partner: Jamaica
  8. Margarine$13 million · 2.9%
    Main partner: Trinidad and Tobago
  9. Natural gas and LPG$12 million · 2.7%
    Main partner: Honduras
  10. Pesticides and herbicides$12 million · 2.7%
    Main partner: Trinidad and Tobago

What it imports

Refined petroleum (19.2%) and crude petroleum (9.3%) together make up 28.5% of its imports.

  1. Refined petroleum$485 million · 19.2%
    Main partner: Trinidad and Tobago
  2. Crude petroleum$234 million · 9.3%
    Main partner: Guyana
  3. Cars$107 million · 4.3%
    Main partner: Japan
  4. Medicines in measured doses or retail packs$44 million · 1.7%
    Main partner: Panama
  5. Cargo and cruise ships$43 million · 1.7%
    Main partner: Japan
  6. Trucks$28 million · 1.1%
    Main partner: Japan
  7. Other food preparations$28 million · 1.1%
    Main partner: United States
  8. Furniture$25 million · 0.97%
    Main partner: United States
  9. Computers$23 million · 0.89%
    Main partner: United States
  10. Plastic packaging$21 million · 0.83%
    Main partner: United States
By Harmonized System chapter (96)
ChapterExportsImports
22 · Beverages and spirits$99 million$55 million
27 · Oil, gas and coal$69 million$741 million
30 · Pharmaceuticals$30 million$49 million
89 · Ships and boats$21 million$56 million
19 · Baked goods and cereal products$16 million$35 million
48 · Paper and paperboard$16 million$50 million
72 · Iron and steel$15 million$23 million
15 · Fats and oils$15 million$19 million
90 · Precision and medical instruments$15 million$39 million
87 · Vehicles$15 million$170 million
38 · Miscellaneous chemicals$13 million$18 million
25 · Salt, stone and cement$9 million$17 million
76 · Aluminum$9 million$23 million
84 · Mechanical machinery$9 million$216 million
71 · Gems and precious metals$9 million$7 million
73 · Iron and steel products$9 million$46 million
85 · Electrical and electronic equipment$8 million$126 million
39 · Plastics$5 million$81 million
91 · Watches and clocks$5 million$5 million
88 · Aircraft and spacecraft$5 million$2 million
21 · Food preparations$4 million$49 million
33 · Perfumes and cosmetics$4 million$23 million
20 · Preserved fruit and vegetables$4 million$37 million
11 · Milling products and malt$4 million$13 million
01 · Live animals$4 million$979 thousand
62 · Woven clothing$3 million$13 million
63 · Home textiles and used clothing$3 million$15 million
74 · Copper$2 million$2 million
64 · Footwear$2 million$7 million
32 · Dyes, paints and tanning agents$2 million$19 million
94 · Furniture and lighting$2 million$51 million
61 · Knitted clothing$1 million$7 million
42 · Leather goods and bags$1 million$5 million
23 · Animal feed and food waste$1 million$16 million
40 · Rubber$1 million$15 million
16 · Prepared meat and fish$1 million$24 million
49 · Books and printed matter$1 million$7 million
70 · Glass$1 million$19 million
24 · Tobacco$996 thousand$4 million
17 · Sugar and sweets$852 thousand$34 million
34 · Soap and cleaning products$742 thousand$23 million
29 · Organic chemicals$727 thousand$8 million
03 · Fish and seafood$701 thousand$30 million
28 · Inorganic chemicals$674 thousand$7 million
86 · Railway equipment$645 thousand$10 million
44 · Wood$628 thousand$31 million
95 · Toys and sports gear$574 thousand$11 million
69 · Ceramics$376 thousand$9 million
83 · Miscellaneous metal goods$369 thousand$12 million
65 · Hats$364 thousand$2 million
82 · Tools and cutlery$331 thousand$8 million
47 · Wood pulp$319 thousand$3 thousand
78 · Lead$258 thousand$75 thousand
35 · Glues, starches and enzymes$236 thousand$2 million
09 · Coffee, tea and spices$225 thousand$6 million
18 · Cocoa and chocolate$213 thousand$8 million
96 · Other manufactured goods$185 thousand$5 million
97 · Art and antiques$165 thousand$520 thousand
08 · Fruit and nuts$132 thousand$23 million
68 · Stone, plaster and cement articles$131 thousand$9 million
02 · Meat and offal$128 thousand$42 million
12 · Oilseeds and grains$84 thousand$15 million
10 · Cereals$82 thousand$17 million
52 · Cotton$76 thousand$1 million
92 · Musical instruments$76 thousand$1 million
41 · Hides and leather$48 thousand$65 thousand
37 · Photographic goods$45 thousand$3 million
66 · Umbrellas and canes$39 thousand$2 million
31 · Fertilizers$33 thousand$3 million
04 · Dairy, eggs and honey$29 thousand$43 million
57 · Carpets and rugs$21 thousand$2 million
46 · Wicker and basketware$21 thousand$280 thousand
67 · Feathers and artificial flowers$20 thousand$2 million
05 · Other animal products$20 thousand$107 thousand
07 · Vegetables$18 thousand$26 million
56 · Felt, nonwovens and rope$13 thousand$2 million
59 · Coated and technical textiles$12 thousand$1 million
58 · Special fabrics and lace$11 thousand$524 thousand
06 · Live plants and flowers$8 thousand$1 million
13 · Gums and plant extracts$6 thousand$368 thousand
43 · Fur and fur goods$6 thousand$22 thousand
26 · Ores and slag$5 thousand$587 thousand
36 · Explosives and matches$4 thousand$828 thousand
60 · Knitted fabric$3 thousand$612 thousand
45 · Cork$812$700 thousand
93 · Weapons and ammunition$213$2 million
54 · Synthetic filaments$44$2 million
55 · Synthetic staple fibers$42$2 million
53 · Other plant fibers$4$360 thousand
80 · Tin$0$2 million
81 · Other base metals$0$218 thousand
79 · Zinc$0$167 thousand
75 · Nickel$0$108 thousand
50 · Silk$0$47 thousand
51 · Wool$0$44 thousand
14 · Other plant products$0$23 thousand

Trading partners

The United States is its main destination (23.4% of exports) and source (31.7% of imports).

Who it sells to

PartnerValue (USD millions)ShareMode
United States10423.4%Sea
Jamaica34.17.7%Sea
Trinidad and Tobago30.26.8%Sea
United Kingdom286.3%Sea
Canada25.75.8%Sea
Poland23.55.3%Sea
Guyana21.64.9%Sea
Saint Lucia214.7%Sea
Grenada15.13.4%Sea
Saint Vincent and the Grenadines12.82.9%Sea

Who it buys from

PartnerValue (USD millions)ShareMode
United States79931.7%Sea
Trinidad and Tobago45518.1%Sea
Guyana25210%Sea
Netherlands1335.3%Sea
United Kingdom1014%Sea
China1004%Sea
Japan95.23.8%Sea
Panama49.12%Air
Canada46.61.9%Sea
Dominican Republic34.41.4%Sea

Overview 1995–2024

In 2024, Barbados accounted for 0% of world exports, compared with 0% in 1995.

Exports and imports

Exports tripled since 1995

USD billions (current). Bars: trade balance (green surplus, red deficit).

  • Exports 0.4
  • Imports 2.5
  • Balance -2.1

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$150 million$462 million-$312 million
1996$225 million$547 million-$322 million
1997$293 million$1.3 billion-$1 billion
1998$293 million$1.1 billion-$817 million
1999$288 million$1.1 billion-$860 million
2000$645 million$2 billion-$1.4 billion
2001$393 million$1.2 billion-$843 million
2002$424 million$1.1 billion-$707 million
2003$430 million$1.3 billion-$898 million
2004$551 million$1.3 billion-$796 million
2005$465 million$1.8 billion-$1.4 billion
2006$463 million$1.8 billion-$1.4 billion
2007$603 million$1.6 billion-$1 billion
2008$780 million$2.3 billion-$1.5 billion
2009$1.2 billion$2.7 billion-$1.5 billion
2010$1.3 billion$2.7 billion-$1.4 billion
2011$1.3 billion$6.3 billion-$5 billion
2012$854 million$5.7 billion-$4.9 billion
2013$526 million$2 billion-$1.5 billion
2014$610 million$2 billion-$1.3 billion
2015$472 million$1.7 billion-$1.2 billion
2016$568 million$1.7 billion-$1.1 billion
2017$536 million$1.8 billion-$1.3 billion
2018$502 million$1.8 billion-$1.3 billion
2019$490 million$1.6 billion-$1.1 billion
2020$339 million$1.8 billion-$1.4 billion
2021$373 million$1.8 billion-$1.5 billion
2022$393 million$2.2 billion-$1.8 billion
2023$438 million$2.5 billion-$2 billion
2024$444 million$2.5 billion-$2.1 billion

World rank

Barbados fell from 156th to 169th among the world's exporters

Rank among 222 countries by export value (1st at the top).

  • 156th in 1995
  • 169th in 2024

Source: CEPII BACI

Show the numbers
YearRank
1995156th
1996153rd
1997149th
1998151st
1999152nd
2000139th
2001152nd
2002154th
2003158th
2004159th
2005164th
2006167th
2007161st
2008160th
2009150th
2010148th
2011153rd
2012162nd
2013175th
2014173rd
2015172nd
2016171st
2017170th
2018169th
2019170th
2020173rd
2021172nd
2022178th
2023172nd
2024169th

What it sells

Its top export group is still beverages and spirits: 22% in 2024

% of exports by Harmonized System chapter.

  • Other 37%
  • Fats and oils 3%
  • Iron and steel 3%
  • Paper and paperboard 4%
  • Baked goods and cereal products 4%
  • Ships and boats 5%
  • Pharmaceuticals 7%
  • Oil, gas and coal 16%
  • Beverages and spirits 22%

Source: CEPII BACI

Show the numbers
Chapter19952024
Beverages and spirits6.8%22.2%
Oil, gas and coal0.7%15.6%
Pharmaceuticals0.77%6.8%
Ships and boats0%4.7%
Baked goods and cereal products0.97%3.6%
Paper and paperboard3.6%3.6%
Iron and steel0.24%3.5%
Fats and oils2.5%3.5%
Other84.5%36.7%

Who it trades with

The United Kingdom went from 15% to 4% of Barbados' trade

% of total trade (exports + imports) with each partner.

  • United States 30%
  • Trinidad and Tobago 16%
  • Guyana 9%
  • Netherlands 5%
  • United Kingdom 4%

Source: CEPII BACI

Show the numbers
Partner19952024
United States32.8%30.5%
Trinidad and Tobago14.5%16.4%
Guyana0%9.2%
Netherlands0.86%4.6%
United Kingdom15.5%4.4%

Production hubs

Largest industrial emission sources (Climate TRACE, 2025)

No hubs above the globe threshold.

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Largest economic production hubs (gridded GDP, 2024)

No hubs above the globe threshold.

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Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. Ranks are computed among the countries with data each year. Services are not included. Data up to 2024.

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