Exporting to Barbados
Increase in exports
In the year to March 2019, the total UK exports to Barbados amounted to £541 million, an increase of 400.9%, compared to the previous year (ONS, 2019). This highlights a growing demand for exports that UK exporters could benefit from.
Demand for UK goods and services
In the year ended March 2019, the top goods exported from the UK to Barbados were manufactures, road vehicles (excluding cars) and railway equipment (ONS, 2019). Barbados also imported significant levels of pharmaceutical products, beverages and mineral fuels or oils from the rest of the world (ITC Trade Map, 2019). Therefore, if you have a business selling these goods, then Barbados could be a good market for you.