CARIFORUM-UK economic partnership agreement
The UK has signed an economic partnership agreement (EPA) with the CARIFORUM trade bloc which includes Barbados. Read our latest updates for more information on the status of this agreement and how it may benefit your business.
Top five UK goods exported to Barbados, in the four quarters to the end of Q4 2022
| Goods | Value (£million) |
|---|---|
| Cars | |
| Miscellaneous electrical goods (intermediate) | |
| Miscellaneous metal manufactures | |
| Specialised machinery (capital) | |
| Medicinal & pharmaceutical products |
Source:
ONS Trade in goods: country-by-commodity exports
Last updated: April 2023
Download the latest trade and investment factsheet for Barbados.
Total import value (into the UK from Barbados) and export value (from the UK into Barbados) over time
| Year | Imports (£million) | Exports (£million) | Total trade (£million) |
|---|---|---|---|
| 2016 | 250.0 | 161.0 | 411.0 |
| 2017 | 311.0 | 212.0 | 523.0 |
| 2018 | 179.0 | 228.0 | 407.0 |
| 2019 | 266.0 | 213.0 | 479.0 |
| 2020 | 168.0 | 218.0 | 386.0 |
| 2021 | 254.0 | 102.0 | 356.0 |
| 2022 | 486.0 | 147.0 | 633.0 |
Source:
ONS UK total trade: all countries, seasonally adjusted
Last updated: April 2023
Total trade is the sum of all exports and imports over the same time period.
Download the latest trade and investment factsheet for Barbados.
Barbados: at a glance
Economic growth
-13.7%
Actual figure (IMF, 2020)
The UK is -9.3% (IMF, 2020, actual figure)
GDP per capita
$16,245
Actual figure (IMF, 2020)
The UK is $41,127 (IMF, 2020, actual figure)
Currency
Barbadian dollar
Business language
English
Time zone
GMT -4
Want to see more on Barbados? Sign up for additional market data, content specific to your product or sector and to compare Barbados side by side with other markets.
Check for trade barriers
Trade barriers, such as tariffs or taxes, can raise costs, cause delays, or even stop you from exporting. Check for any issues that may impact your business when exporting.
Check duties and customs
Find information on how to export goods from the UK. View the duties, rules, restrictions, and the documents you need for your products.
Next steps
Get ready to do business abroad
Step-by-step lessons to accelerate your exporting ability.
Read more
Contact an international trade advisor
Get in touch with your local trade office for advice from an international trade adviser.
Contact us