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Pricing

2023
Flag → Flag
Exports $797MRnk 90 / 220
2023
Flag → Flag
Top Product $28.7MRefined Petroleum
2023
Flag → Flag
Exports $91MRnk 1 / 139
2023
Flag → Flag
Top Product $21.8MHard Liquor
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
Flag  
GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
Flag
GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
Flag
 GDP$6.72BCURRENT US$
Rnk 156 / 195
2013-2023
Flag
GDP GROWTH25.4%CURRENT US$
Rnk 124 / 195
2023
Flag
GDP PC $82,769CURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195
2023
Flag
GDP PC$23,804CURRENT US$
Rnk 52 / 196
2013-2023
Flag
GDP PC GROWTH23.3%CURRENT US$
Rnk 93 / 195

About

United States-Barbados Trade: In 2023, United States exported $797M to Barbados. The main products that United States exported to Barbados were Refined Petroleum ($28.7M), Computers ($24.9M), and Machinery Having Individual Functions ($15.8M). Over the past 5 years the exports of United States to Barbados have increased at an annualized rate of 4.3%, from $646M in 2018 to $797M in 2023.

In 2023, United States did not export any services to Barbados.

Barbados-United States Trade: In 2023, Barbados exported $91M to United States. The main products that Barbados exported to United States were Hard Liquor ($21.8M), Refined Petroleum ($10.1M), and Jewellery ($6.75M). Over the past 5 years the exports of Barbados to United States have decreased at an annualized rate of 0.028%,  from $91.3M in 2018 to $91M in 2023.

In 2023, Barbados did not export any services to United States.

Comparison In 2023,  United States ranked 10 in the Economic Complexity Index (ECI 1.5),  and 2 in total exports ($1.86T). That same year, Barbados ranked 171 in total exports ($421M), and does not have data regarding Economic Complexity Index.

Company data: In 2023, leading companies such as Celebrity Cruises (21) and Diageo Beverages (5) were at the forefront of exporting goods from Barbados to the United States. Conversely, Celebrity Cruises Inc. (21) and The West Indies Rum Distillery (5) were notable for importing products to Barbados from the United States.

Latest Trends

November, 2024

About

Overview In November 2024, United States exported $71M and imported $3.53M from Barbados, resulting in a positive trade balance of $67.5M. Between November 2023 and November 2024 the exports of United States have decreased by $-12.4M (-14.9%) from $83.4M to $71M, while imports increased by $729k (26%) from $2.8M to $3.53M.

Trade In November 2024, the top exports of United States to Barbados were Refined Petroleum ($27.1M), Commodities not elsewhere specified ($6.42M), Computers ($1.82M), Telephones ($1.26M), and Jewellery ($840k). In November 2024 the top imports of United States from Barbados were Hard Liquor ($1.67M), Orthopedic Appliances ($1.3M), Commodities not elsewhere specified ($569k), Baked Goods ($310k), and Oscilloscopes ($139k).

Origins In November 2024 the exports of United States were mainly from Florida ($29M), US Virgin Islands ($11.7M), Louisiana ($2.75M), Illinois ($2.49M), and Georgia ($2.08M), while imports destinations were mainly Florida ($871k), New York ($637k), Michigan ($622k), Arkansas ($434k), and New Jersey ($325k).

Growth In November 2024, the decrease in United States's year-by-year exports to Barbados was explained primarily by an decrease in product exports in Refined Petroleum ($-7.18M or -21%), Plastic Pipes ($-1.39M or -93.9%), and Plastic Housewares ($-1.21M or -82.7%). In November 2024, the increase in United States's year-by-year imports  from Barbados was explained primarily by an increase in product imports  in Orthopedic Appliances ($1.14M or 702%), Hard Liquor ($649k or 63.5%), and Baked Goods ($102k or 49%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)$-12.4M(-14.9%)
IMPORT GROWTH (November 2023 - November 2024)$729k(26%)
MAIN EXPORTER (November 2024)Florida$29M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Barbados and United States trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United States exported $797M to Barbados. The main products exported from United States to Barbados were Refined Petroleum ($28.7M), Computers ($24.9M), and Machinery Having Individual Functions ($15.8M). During the last 5 years the exports of United States to Barbados have increased at an annualized rate of 4.3%, from $646M in 2018 to $797M in 2023.

In 2018, Barbados exported $91M to United States. The main products exported from Barbados to United States were Hard Liquor ($21.8M), Refined Petroleum ($10.1M), and Jewellery ($6.75M). During the last 5 years the exports of Barbados to United States have decreased at an annualized rate of 0.028%, from $91.3M in 2023 to $91M in 2018.

Exports from United States (Flag) to Barbados (Flag) (2023)

Exports from Barbados (Flag) to United States (Flag) (2023)

Market Competitiveness

Color
United States
Top DestinationCanada$269B
Barbados
Top DestinationUnited States$91M

This map shows whether countries import more from United States or Barbados. Each country is colored based on the difference in imports they receive from United States and Barbados or the difference in the growth in imports.

In 2023, countries that imported more from United States than Barbados included Canada ($269B), Mexico ($243B), and China ($154B).

In 2023, countries that imported more from Barbados than United States included Bonaire ($8.72k).

Difference in imports from Barbados (Flag) and United States (Flag) (2023)

Comparative Advantage United States - Barbados

Flow
Scale

This chart compares trade between United States and Barbados by product, considering products traded by both, United States and Barbados.

During 2023, United States had a large net trade with Barbados in the exports of Machines ($212M), Foodstuffs ($79.2M), and Vegetable Products ($79.1M).

During 2018, Barbados had a large net trade with United States in the exports of Foodstuffs ($26.7M), Instruments ($17.1M), and Precious Metals ($10.2M).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of United States and Barbados. This means that a dot/product with the flag of United States indicates it has a comparative advantage over Barbados. Similarly, a dot/product with the flag of Barbados indicates it has a comparative advantage over United States.

Product Space of United States (Flag) and Barbados (Flag) (2023)

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