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Barbados Trade Summary

2002

Barbados exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR BARBADOS 2002

Overall Exports and Imports for Barbados 2002

Exports and imports of Barbados in 2002 are below, along with number of countries and products

  • The total value of exports (FoB) was 215 million.
  • The total value of imports (CIF) was 997 million.
  • At the HS6 digit level, 1,580 products were exported to 113 countries and 3,921 products were imported from 155 countries.

Barbados top 5 Export and Import partners 2002

Top five countries to which Barbados exported in 2002 are below, along with the percent of total exports that went to that country:

  1. Barbados exports to United States worth US$ 36 million, with a partner share of 16.51 percent.
  2. Barbados exports to United Kingdom worth US$ 26 million, with a partner share of 11.92 percent.
  3. Barbados exports to Trinidad and Tobago worth US$ 24 million, with a partner share of 10.99 percent.
  4. Barbados exports to Unspecified worth US$ 20 million, with a partner share of 9.32 percent.
  5. Barbados exports to Jamaica worth US$ 15 million, with a partner share of 6.98 percent.

Top five countries from which Barbados imported goods in 2002 are below, along with percent of total imports that came from the country :

  1. Barbados imports from United States worth US$ 440 million, with a partner share of 44.13 percent.
  2. Barbados imports from Trinidad and Tobago worth US$ 116 million, with a partner share of 11.66 percent.
  3. Barbados imports from United Kingdom worth US$ 79 million, with a partner share of 7.89 percent.
  4. Barbados imports from Japan worth US$ 45 million, with a partner share of 4.52 percent.
  5. Barbados imports from Canada worth US$ 37 million, with a partner share of 3.73 percent.

Barbados Top 5 Productsexports imports at HS 6 digit level 2002

The top five exported HS 6 digit level products to world by Barbados along with trade value are:

  1. Barbados exported Raw cane sugar, in solid form , worth 18,844.33 (US$ Thousands).
  2. Barbados exported Rum and tafia , worth 17,777.10 (US$ Thousands).
  3. Barbados exported Other food preparations, nes , worth 11,711.83 (US$ Thousands).
  4. Barbados exported Portland cement (excl. white) , worth 10,408.00 (US$ Thousands).
  5. Barbados exported Other medicaments of mixed or unmixed products, , worth 9,905.01 (US$ Thousands).

The top five imported HS 6 digit level products from world by Barbados along with trade value are

  1. Barbados imported Petroleum oils, etc, (excl. crude); preparation , worth 26,352.93 (US$ Thousands).
  2. Barbados imported Other medicaments of mixed or unmixed products, , worth 25,411.67 (US$ Thousands).
  3. Barbados imported Automobiles with reciprocating piston engine di , worth 19,615.41 (US$ Thousands).
  4. Barbados imported Art. of jewellery and pts thereof of/o prec mtl , worth 15,281.12 (US$ Thousands).
  5. Barbados imported Automobiles with reciprocating piston engine di , worth 11,790.85 (US$ Thousands).

Exports and Imports of Product Groups 2002

Exports and imports of products by stages of processing in 2002 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2002

Tariffs imposed by Barbados in 2002 are below

  • The maximum rate of tariff in percentage on any product was 1,790.93 percent.
  • The simple average tariff across all products was 16.22 percent.
  • The trade weighted average tariff was 20.78 .
  • The total duty free imports in thousands of US dollars were 0 and duty free tariff line items share was 0 percent.

Development Indicators 2002

Key Development Indicators of Barbados in 2002 are below

  • Barbados GDP in current US dollar was 3,107 million.
  • GNI per capita, Atlas method (current US$) was 10,930.00 .
  • Barbados Trade balance: as % of GDP was -5.50.
  • Trade balance in current US$ was -171.00 million.
  • Trade as percentage of GDP was 83.47 .
  • Trade in services as percentage of GDP was 45.18 .

Trade Indicators 2002

Trade Indicators for Barbados in 2002 are below

  • Hirschman Herfindahl market concentration index was 0.12.
  • Index of export market penetration was 2.01.
  • World Growth in percentage was 3.38 and Barbados Country Growth was 5.95 .