Barbados Trade Summary

2003 Data

Barbados exports, imports, tariff by year.

Country / 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

Overall Exports and Imports

Exportsmore »
Exports (in US$ Mil): 250
No. Of products: 1,577
No. Of partners: 114
Importsmore »
Imports (in US$ Mil): 1,195
No. Of products: 3,845
No. Of partners: 171

Top 5 Products exports imports at HS 6 digit level

Exports (US$ Thousands)  
Raw cane sugar, in s ...20,501.27
Rum and tafia16,813.86
Petroleum oils and o ...12,251.96
Other medicaments of ...12,167.89
Portland cement (exc ...11,796.60
Imports (US$ Thousands)
Petroleum oils, etc, ...67,790.18
Transmission apparat ...27,854.03
Other medicaments of ...27,815.27
Automobiles with rec ...21,267.55
Art. of jewellery an ...21,051.24

Top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
Bunkers53 21.22
United States36 14.46
Trinidad and Tobago28 11.35
United Kingdom27 11.00
Jamaica15 6.16
Exporter Trade (US$ Mil) Partner share(%)
United States453 37.91
Trinidad and Tobago236 19.79
United Kingdom74 6.23
Japan53 4.47
Canada42 3.52

Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials18 7.27 71 5.91 53.30
Intermediate goods55 22.13 154 12.90 12.70
Consumer goods93 37.35 608 50.86 26.29
Capital goods35 14.14 249 20.87 8.67

Trade Indicators

more »
HH Market concentration index: 0.20
Index of export market penetration: 1.93
World Growth: 8.10
Country Growth: 1.22

Tariffs

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No Of Tariff Agreement: 1
Maximum Rate (%): 1,774.88
Simple Average (%): 16.43
Weighted Average (%): 21.45
Duty Free Imports (US$ Thousand): 0
Duty Free Tariff Lines Share (%): 0

Development Indicators

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GDP (current US$ Mil): 3,275
GNI per capita, Atlas method (current US$): 11,740.00
Trade Balance (% of GDP): -4.09
Trade Balance (current US$ Mil): -134.00
Trade in services (% of GDP): 48.98
Trade (% of GDP): 88.29