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Barbados is the 161st largest export economy in the world. In 2017, Barbados exported $422M and imported $1.7B, resulting in a negative trade balance of $1.28B. In 2017 the GDP of Barbados was $4.67B and its GDP per capita was $18.5k.

The top exports of Barbados are Hard Liquor ($55.9M), Gold ($27.5M), Refined Petroleum ($25.1M), Packaged Medicaments ($23M) and Orthopedic Appliances ($22.5M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Refined Petroleum ($293M), Passenger and Cargo Ships ($78M), Cars ($58.8M), Packaged Medicaments ($42.6M) and Computers ($24.9M).

The top export destinations of Barbados are the United States ($84M), Trinidad and Tobago ($36.4M), Jamaica ($35.6M), Switzerland ($28.2M) and Guyana ($24.3M). The top import origins are the United States ($615M), Trinidad and Tobago ($259M), China ($97.7M), Switzerland ($75.5M) and the United Kingdom ($66.8M).

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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