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Barbados Trade Summary

2007

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 2007

Overall Exports and Imports for Barbados 2007

Exports and imports of Barbados in 2007 are below, along with number of countries and products

  • The total value of exports (FoB) was 314 million.
  • The total value of imports (CIF) was 1,299 million.
  • At the HS6 digit level, 1,615 products were exported to 130 countries and 3,821 products were imported from 161 countries.

Barbados top 5 Export and Import partners 2007

Top five countries to which Barbados exported in 2007 are below, along with the percent of total exports that went to that country:

  1. Barbados exports to Trinidad and Tobago worth US$ 87 million, with a partner share of 27.77 percent.
  2. Barbados exports to United States worth US$ 45 million, with a partner share of 14.21 percent.
  3. Barbados exports to United Kingdom worth US$ 29 million, with a partner share of 9.10 percent.
  4. Barbados exports to St. Lucia worth US$ 21 million, with a partner share of 6.59 percent.
  5. Barbados exports to Jamaica worth US$ 17 million, with a partner share of 5.30 percent.

Top five countries from which Barbados imported goods in 2007 are below, along with percent of total imports that came from the country :

  1. Barbados imports from United States worth US$ 567 million, with a partner share of 43.67 percent.
  2. Barbados imports from United Kingdom worth US$ 101 million, with a partner share of 7.80 percent.
  3. Barbados imports from Trinidad and Tobago worth US$ 100 million, with a partner share of 7.73 percent.
  4. Barbados imports from Japan worth US$ 59 million, with a partner share of 4.53 percent.
  5. Barbados imports from Canada worth US$ 57 million, with a partner share of 4.42 percent.

Barbados Top 5 Productsexports imports at HS 6 digit level 2007

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

  1. Barbados exported Petroleum oils and oils obtained from bituminou , worth 68,771.01 (US$ Thousands).
  2. Barbados exported Rum and tafia , worth 33,774.54 (US$ Thousands).
  3. Barbados exported Raw cane sugar, in solid form , worth 18,828.20 (US$ Thousands).
  4. Barbados exported Other medicaments of mixed or unmixed products, , worth 17,227.16 (US$ Thousands).
  5. Barbados exported Portland cement (excl. white) , worth 14,070.63 (US$ Thousands).

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

  1. Barbados imported Other medicaments of mixed or unmixed products, , worth 36,528.02 (US$ Thousands).
  2. Barbados imported Transmission apparatus, for radioteleph incorpo , worth 29,139.18 (US$ Thousands).
  3. Barbados imported Automobiles with reciprocating piston engine di , worth 27,814.62 (US$ Thousands).
  4. Barbados imported Automobiles with reciprocating piston engine di , worth 14,519.80 (US$ Thousands).
  5. Barbados imported Diesel powered trucks with a GVW not exceeding , worth 13,235.57 (US$ Thousands).

Exports and Imports of Product Groups 2007

Exports and imports of products by stages of processing in 2007 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2007

Tariffs imposed by Barbados in 2007 are below

  • The maximum rate of tariff in percentage on any product was 1,199.52 percent.
  • The simple average tariff across all products was 15.13 percent.
  • The trade weighted average tariff was 14.79 .
  • The total duty free imports in thousands of US dollars were 214,658.71 and duty free tariff line items share was 15.53 percent.

Development Indicators 2007

Key Development Indicators of Barbados in 2007 are below

  • Barbados GDP in current US dollar was 4,674 million.
  • GNI per capita, Atlas method (current US$) was 15,940.00 .
  • Barbados Trade balance: as % of GDP was -3.69.
  • Trade balance in current US$ was -172.00 million.
  • Trade as percentage of GDP was 91.14 .
  • Trade in services as percentage of GDP was 43.48 .

Trade Indicators 2007

Trade Indicators for Barbados in 2007 are below

  • Hirschman Herfindahl market concentration index was 0.09.
  • Index of export market penetration was 2.07.
  • World Growth in percentage was 183.19 and Barbados Country Growth was 25.68 .