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 Q3 2023
| Goods | Value (£ million ) |
|---|---|
| Aircraft | |
| Cars | |
| Other miscellaneous manufactures (intermediate) | |
| Vegetables & fruit | |
| Other manufactures (intermediate) |
Source:
ONS Trade in goods: country-by-commodity exports
Last updated: February 2024
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 | 230.0 | 409.0 |
| 2019 | 266.0 | 208.0 | 474.0 |
| 2020 | 165.0 | 223.0 | 388.0 |
| 2021 | 257.0 | 106.0 | 363.0 |
| 2022 | 419.0 | 146.0 | 565.0 |
Source:
ONS UK total trade: all countries, seasonally adjusted
Last updated: January 2024
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
9.8%
Actual figure (IMF, 2022)
The UK is 4.1% (IMF, 2022, actual figure)
GDP per capita
$16,227
Actual figure (IMF, 2020)
The UK is $40,347 (IMF, 2020, actual figure)
Currency
Barbadian dollar
Business language
English
Time zone
GMT -4
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