Loading..

Barbados Trade Summary

2006

Barbados exports, imports, tariff by year.

Country and Region
Year
For at a glance i.e. latest available trade, tariff, trade barriers and other trade related data Click Here.
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 2006

Overall Exports and Imports for Barbados 2006

Exports and imports of Barbados in 2006 are below, along with number of countries and products

  • The total value of exports (FoB) was 441 million.
  • The total value of imports (CIF) was 1,629 million.
  • At the HS6 digit level, 2,002 products were exported to 141 countries and 3,845 products were imported from 170 countries.

Barbados top 5 Export and Import partners 2006

Top five countries to which Barbados exported in 2006 are below, along with the percent of total exports that went to that country:

  1. Barbados exports to Bunkers worth US$ 114 million, with a partner share of 25.84 percent.
  2. Barbados exports to United States worth US$ 89 million, with a partner share of 20.08 percent.
  3. Barbados exports to Trinidad and Tobago worth US$ 49 million, with a partner share of 11.04 percent.
  4. Barbados exports to United Kingdom worth US$ 33 million, with a partner share of 7.49 percent.
  5. Barbados exports to St. Lucia worth US$ 23 million, with a partner share of 5.14 percent.

Top five countries from which Barbados imported goods in 2006 are below, along with percent of total imports that came from the country :

  1. Barbados imports from United States worth US$ 612 million, with a partner share of 37.57 percent.
  2. Barbados imports from Trinidad and Tobago worth US$ 366 million, with a partner share of 22.48 percent.
  3. Barbados imports from United Kingdom worth US$ 95 million, with a partner share of 5.83 percent.
  4. Barbados imports from Japan worth US$ 60 million, with a partner share of 3.68 percent.
  5. Barbados imports from Canada worth US$ 60 million, with a partner share of 3.66 percent.

Barbados Top 5 Productsexports imports at HS 6 digit level 2006

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

  1. Barbados exported Petroleum oils, etc, (excl. crude); preparation , worth 114,426.09 (US$ Thousands).
  2. Barbados exported Petroleum oils and oils obtained from bituminou , worth 23,114.03 (US$ Thousands).
  3. Barbados exported Rum and tafia , worth 22,207.75 (US$ Thousands).
  4. Barbados exported Raw cane sugar, in solid form , worth 19,620.94 (US$ Thousands).
  5. Barbados exported Other medicaments of mixed or unmixed products, , worth 17,684.06 (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 283,341.20 (US$ Thousands).
  2. Barbados imported Other medicaments of mixed or unmixed products, , worth 38,732.02 (US$ Thousands).
  3. Barbados imported Transmission apparatus, for radioteleph incorpo , worth 30,443.85 (US$ Thousands).
  4. Barbados imported Automobiles with reciprocating piston engine di , worth 30,414.24 (US$ Thousands).
  5. Barbados imported Art. of jewellery and pts thereof of/o prec mtl , worth 19,249.35 (US$ Thousands).

Exports and Imports of Product Groups 2006

Exports and imports of products by stages of processing in 2006 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2006

Tariffs imposed by Barbados in 2006 are below

  • The maximum rate of tariff in percentage on any product was 216 percent.
  • The simple average tariff across all products was 15 percent.
  • The trade weighted average tariff was 12.66 .
  • The total duty free imports in thousands of US dollars were 483,966.89 and duty free tariff line items share was 14.90 percent.

Development Indicators 2006

Key Development Indicators of Barbados in 2006 are below

  • Barbados GDP in current US dollar was 4,217 million.
  • GNI per capita, Atlas method (current US$) was 14,610.00 .
  • Barbados Trade balance: as % of GDP was -4.58.
  • Trade balance in current US$ was -193.00 million.
  • Trade as percentage of GDP was 96.52 .
  • Trade in services as percentage of GDP was 45.24 .

Trade Indicators 2006

Trade Indicators for Barbados in 2006 are below

  • Hirschman Herfindahl market concentration index was 0.09.
  • Index of export market penetration was 1.98.
  • World Growth in percentage was 7.66 and Barbados Country Growth was -7.36 .