[1] Primary trade source
OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.
Country intelligence · BRB · 2024
Barbados trade profile
In 2024, Barbados recorded $373.6M in merchandise exports and $2.4B in imports, producing a $2.0B trade deficit. Exports changed +2.5% from the previous year, while imports changed +6.3%.[1]
Exports
$373.6M
+2.5%
Imports
$2.4B
+6.3%
Trade balance
-$2.0B
deficit
Active partners
270
43 FTA-linked
Historical evidence
Ten-year trade movement
The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports
Exact annual values
Leading export sectors
HS2 chapters rank broad product groups by observed export value in 2024.
1$85.2M
HS 22 · HS chapter
24 active HS6 lines · 107 export partners
2$76.2M
HS 27 · Mineral fuels and oils
27 active HS6 lines · 105 export partners
3$22.7M
HS 30 · Pharmaceutical products
40 active HS6 lines · 32 export partners
4$19.2M
HS 89 · HS chapter
13 active HS6 lines · 10 export partners
5$16.9M
HS 90 · HS chapter
139 active HS6 lines · 67 export partners
6$15.8M
HS 15 · HS chapter
44 active HS6 lines · 19 export partners
7$15.2M
HS 19 · HS chapter
19 active HS6 lines · 22 export partners
8$13.4M
HS 48 · HS chapter
97 active HS6 lines · 42 export partners
Leading export markets
Destinations rank bilateral export flows from Barbados; growth describes each corridor rather than the whole economy.
1$59.7M
Jamaica
Annual change -24.3% · 3-year CAGR 16.9%
2$56.7M
United States
Annual change +3.3% · 3-year CAGR 4.6%
3$27.0M
Trinidad and Tobago
Annual change -14.8% · 3-year CAGR 7.0%
4$24.2M
Poland
Annual change +512.2% · 3-year CAGR 101.5%
5$22.1M
Saint Lucia
Annual change +15.9% · 3-year CAGR 10.7%
6$18.5M
Guyana
Annual change -17.4% · 3-year CAGR -13.2%
7$14.0M
Grenada
Annual change +7.5% · 3-year CAGR 9.4%
8$13.5M
Honduras
Annual change +15048.7% · 3-year CAGR 411.9%
Sources, definitions and limitations
Calculation notes
USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.