Barbados: Merchandise imports by the reporting economy (current US$)

Key figures

What the numbers say

In 2023, Barbados' merchandise imports by the reporting economy (current US$) fell 1% on 2022 (from US$2.14 billion to US$2.12 billion).

Across the 30 yearly changes before that (1993 to 2022), the average change was +5.8% and a typical year strayed about 15.5% from that (the standard deviation). This year's change was 0.4 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 48.6% in 2011 and the biggest yearly fall was 23.1% in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2014 to 2023 there is no clear straight-line trend: a straight line explains 25% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2023, Barbados had the 164th highest value of the 205 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Barbados in the 2023 ranking

• Gambia, The — 160th of 205: US$2.45 billion
• Liberia — 161st of 205: US$2.17 billion
• Haiti — 162nd of 205: US$2.14 billion
• Eswatini — 164th of 205: US$2.04 billion
• Sierra Leone — 165th of 205: US$1.94 billion
• Faroe Islands — 166th of 205: US$1.93 billion

What this measures

Merchandise imports by the reporting economy are the total merchandise imports by the reporting economy from the rest of the world, as reported in the IMF's Direction of trade database. Data are in current U.S. dollars.

Regional and income-group figures are computed by the World Bank as a sum.

All 62 values

Merchandise imports by the reporting economy (current US$) in nearby economies

• Antigua and Barbuda — US$668.07 million (2023)
• Argentina — US$72.8 billion (2023)
• Aruba — US$1.53 billion (2023)
• Bahamas, The — US$4.13 billion (2023)
• Belize — US$1.33 billion (2023)
• Bolivia — US$11.49 billion (2023)
• Brazil — US$254.86 billion (2023)
• Chile — US$82.01 billion (2023)
• Colombia — US$61.56 billion (2023)

More private sector & trade data for Barbados

• Merchandise trade (% of GDP) — 33.14% (2025)
• Merchandise imports (current US$) — US$2.23 billion (2025)
• Merchandise exports (current US$) — US$428 million (2025)
• Merchandise imports from high-income economies (% of total merchandise imports) — 87.11% (2023)
• Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) — 5.7% (2023)
• Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports) — 7.19% (2023)
• Merchandise imports from low- and middle-income economies in South Asia (% of total merchandise imports) — 0.52% (2023)

Reading data like this

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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Barbados's merchandise imports by the reporting economy (current US$)?

US$2.12 billion in 2023, according to the World Bank (World Development Indicators).

How has it changed since 1961?

It is up 4,565% from US$45.5 million in 1961 (6.39% a year on average, compounded). The highest value was US$2.14 billion in 2022 and the lowest US$45.4 million in 1962.

How does Barbados rank?

164th highest of 205 economies with data for 2023.

Is the latest change in merchandise imports by the reporting economy (current US$) unusual for Barbados?

In 2023, Barbados' merchandise imports by the reporting economy (current US$) fell 1% on 2022 (from US$2.14 billion to US$2.12 billion). Across the 30 yearly changes before that (1993 to 2022), the average change was +5.8% and a typical year strayed about 15.5% from that (the standard deviation). This year's change was 0.4 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator TM.VAL.MRCH.WL.CD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); Direction of Trade database, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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