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Barbados is the 163rd largest export economy in the world. In 2016, Barbados exported $511M and imported $1.65B, resulting in a negative trade balance of $1.13B. In 2016 the GDP of Barbados was $4.53B and its GDP per capita was $18.1k.

The top exports of Barbados are Jewellery ($81.6M), Hard Liquor ($47.7M), Packaged Medicaments ($40.1M), Orthopedic Appliances ($28.8M) and Refined Petroleum ($24.9M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Refined Petroleum ($219M), Jewellery ($68.6M), Cars ($57.7M), Packaged Medicaments ($50.2M) and Computers ($23.9M).

The top export destinations of Barbados are the United States ($182M), Trinidad and Tobago ($39.8M), Jamaica ($33.9M), Guyana ($23.3M) and China ($23.1M). The top import origins are the United States ($614M), Trinidad and Tobago ($209M), China ($124M), the United Kingdom ($80M) and Japan ($43.2M).

Barbados is an island and borders France, Saint Lucia, Trinidad and Tobago, Saint Vincent and the Grenadines and Guyana by sea.

Economic Complexity of Barbados

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