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Barbados Trade Summary

2004

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 2004

Overall Exports and Imports for Barbados 2004

Exports and imports of Barbados in 2004 are below, along with number of countries and products

  • The total value of exports (FoB) was 195 million.
  • The total value of imports (CIF) was 1,094 million.
  • At the HS6 digit level, 1,516 products were exported to 107 countries and 3,868 products were imported from 168 countries.

Barbados top 5 Export and Import partners 2004

Top five countries to which Barbados exported in 2004 are below, along with the percent of total exports that went to that country:

  1. Barbados exports to United States worth US$ 39 million, with a partner share of 19.99 percent.
  2. Barbados exports to United Kingdom worth US$ 30 million, with a partner share of 15.29 percent.
  3. Barbados exports to Trinidad and Tobago worth US$ 28 million, with a partner share of 14.28 percent.
  4. Barbados exports to St. Lucia worth US$ 13 million, with a partner share of 6.69 percent.
  5. Barbados exports to Jamaica worth US$ 12 million, with a partner share of 6.32 percent.

Top five countries from which Barbados imported goods in 2004 are below, along with percent of total imports that came from the country :

  1. Barbados imports from United States worth US$ 477 million, with a partner share of 43.63 percent.
  2. Barbados imports from Trinidad and Tobago worth US$ 84 million, with a partner share of 7.64 percent.
  3. Barbados imports from United Kingdom worth US$ 77 million, with a partner share of 7.07 percent.
  4. Barbados imports from Japan worth US$ 60 million, with a partner share of 5.52 percent.
  5. Barbados imports from Canada worth US$ 52 million, with a partner share of 4.79 percent.

Barbados Top 5 Productsexports imports at HS 6 digit level 2004

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 US$ 23,047.14 million.
  2. Barbados exported Rum and tafia , worth US$ 22,307.52 million.
  3. Barbados exported Petroleum oils and oils obtained from bituminou , worth US$ 15,275.79 million.
  4. Barbados exported Portland cement (excl. white) , worth US$ 12,624.75 million.
  5. Barbados exported Wirewound variable resistors, including rheosta , worth US$ 11,773.47 million.

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

  1. Barbados imported Transmission apparatus, for radioteleph incorpo , worth US$ 43,083.42 million.
  2. Barbados imported Automobiles with reciprocating piston engine di , worth US$ 29,062.47 million.
  3. Barbados imported Other medicaments of mixed or unmixed products, , worth US$ 28,626.77 million.
  4. Barbados imported Automobiles with reciprocating piston engine di , worth US$ 15,942.06 million.
  5. Barbados imported Engines, diesel nes , worth US$ 13,342.93 million.

Exports and Imports of Product Groups 2004

Exports and imports of products by stages of processing in 2004 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2004

Tariffs imposed by Barbados in 2004 are below

  • The maximum rate of tariff in percentage on any product was 1,767.53 percent.
  • The simple average tariff across all products was 15.93 percent.
  • The trade weighted average tariff was 15.48 .
  • The total duty free imports in thousands of US dollars were 0 and duty free tariff line items share was 0 percent.

Development Indicators 2004

Key Development Indicators of Barbados in 2004 are below

  • Barbados GDP in current US dollar was 3,445 million.
  • GNI per capita, Atlas method (current US$) was 12,290.00 .
  • Barbados Trade balance: as % of GDP was -8.67.
  • Trade balance in current US$ was -299.00 million.
  • Trade as percentage of GDP was 92.05 .
  • Trade in services as percentage of GDP was 44.33 .

Trade Indicators 2004

Trade Indicators for Barbados in 2004 are below

  • Hirschman Herfindahl market concentration index was 0.24.
  • Index of export market penetration was 1.93.
  • World Growth in percentage was 10.47 and Barbados Country Growth was 15.66 .