Barbados
South & Central America and the Caribbean
Trade in Barbados
| Barbados was the world’s 171st largest exporter of goods in 2022. Export values were $498 million USD. Barbados’s top export category was Fuels and mining products, followed by Manufactures, and Agricultural products. In 2022, Barbados’s main export destination markets for goods and services trade were to United States, Jamaica and Guyana, with trade representing 78.35 per cent of GDP. In terms of imports, Barbados is the world’s 163rd largest importer of goods. Import values were $2.15 billion USD in 2022. Barbados’s top import category was Manufactures, followed by Fuels and mining products and Agricultural products. Leading import partners were United States, Trinidad and Tobago and Netherlands. Barbados is part of 3 different Regional Trade Agreements, including Caribbean Community and Common Market (CARICOM) and EU – CARIFORUM States. |
General InformationThis section includes general information on the economy, legal system, official languages and links to additional demographic information. |
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Official Name |
Barbados |
Abbreviation |
BB |
Capital |
Bridgetown |
WTO Membership Date |
1 January 1995 |
Legal System |
English common law; no judicial review of legislative acts |
Language |
English |
Number of Time Zone(s) |
1 |
Additional Information | |
Financial InformationThis section includes financial information such as the currency, exchange rate lookup and local banks issuing trade finance. |
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Currency |
Barbadian dollar |
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Exchange Rate |
Google Finance Currencies |
Contact InformationThis section includes contact information for business support organizations and national resources. |
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Business Support Organizations |
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Government MSME Agency |
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SPS Enquiry Points Sanitary and phytosanitary (SPS) enquiry points are government agencies designated to answer questions about trade requirements. |
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TBT Enquiry Points Technical Barriers to Trade (TBT) enquiry points are government agencies designated to answer questions about trade requirements. |
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Additional Information |
ePing alert |
Last Reviewed: June, 2024
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