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Barbados Trade Summary

2008

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 2008

Overall Exports and Imports for Barbados 2008

Exports and imports of Barbados in 2008 are below, along with number of countries and products

  • The total value of exports (FoB) was 454 million.
  • The total value of imports (CIF) was 1,744 million.
  • At the HS6 digit level, 1,896 products were exported to 144 countries and 3,820 products were imported from 165 countries.

Barbados top 5 Export and Import partners 2008

Top five countries to which Barbados exported in 2008 are below, along with the percent of total exports that went to that country:

  1. Barbados exports to United States worth US$ 96 million, with a partner share of 21.04 percent.
  2. Barbados exports to Bunkers worth US$ 89 million, with a partner share of 19.65 percent.
  3. Barbados exports to Trinidad and Tobago worth US$ 43 million, with a partner share of 9.47 percent.
  4. Barbados exports to United Kingdom worth US$ 41 million, with a partner share of 9.06 percent.
  5. Barbados exports to St. Lucia worth US$ 25 million, with a partner share of 5.44 percent.

Top five countries from which Barbados imported goods in 2008 are below, along with percent of total imports that came from the country :

  1. Barbados imports from United States worth US$ 642 million, with a partner share of 36.82 percent.
  2. Barbados imports from Trinidad and Tobago worth US$ 345 million, with a partner share of 19.81 percent.
  3. Barbados imports from United Kingdom worth US$ 93 million, with a partner share of 5.30 percent.
  4. Barbados imports from Japan worth US$ 63 million, with a partner share of 3.62 percent.
  5. Barbados imports from China worth US$ 61 million, with a partner share of 3.50 percent.

Barbados Top 5 Productsexports imports at HS 6 digit level 2008

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 91,588.03 (US$ Thousands).
  2. Barbados exported Other medicaments of mixed or unmixed products, , worth 37,928.69 (US$ Thousands).
  3. Barbados exported Rum and tafia , worth 33,329.29 (US$ Thousands).
  4. Barbados exported Raw cane sugar, in solid form , worth 22,497.20 (US$ Thousands).
  5. Barbados exported Petroleum oils and oils obtained from bituminou , worth 22,284.81 (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 294,099.11 (US$ Thousands).
  2. Barbados imported Other medicaments of mixed or unmixed products, , worth 52,009.60 (US$ Thousands).
  3. Barbados imported Automobiles with reciprocating piston engine di , worth 29,646.16 (US$ Thousands).
  4. Barbados imported Art. of jewellery and pts thereof of/o prec mtl , worth 19,850.99 (US$ Thousands).
  5. Barbados imported Diesel powered trucks with a GVW not exceeding , worth 18,652.57 (US$ Thousands).

Exports and Imports of Product Groups 2008

Exports and imports of products by stages of processing in 2008 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2008

Tariffs imposed by Barbados in 2008 are below

  • The maximum rate of tariff in percentage on any product was not available percent.
  • The simple average tariff across all products was not available percent.
  • The trade weighted average tariff was not available .
  • The total duty free imports in thousands of US dollars were not available and duty free tariff line items share was not available percent.

Development Indicators 2008

Key Development Indicators of Barbados in 2008 are below

  • Barbados GDP in current US dollar was 4,785 million.
  • GNI per capita, Atlas method (current US$) was 16,600.00 .
  • Barbados Trade balance: as % of GDP was -7.17.
  • Trade balance in current US$ was -343.00 million.
  • Trade as percentage of GDP was 94.54 .
  • Trade in services as percentage of GDP was 45.59 .

Trade Indicators 2008

Trade Indicators for Barbados in 2008 are below

  • Hirschman Herfindahl market concentration index was 0.17.
  • Index of export market penetration was 2.02.
  • World Growth in percentage was -59.29 and Barbados Country Growth was 7.56 .