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Barbados Trade Summary

2010

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 2010

Overall Exports and Imports for Barbados 2010

Exports and imports of Barbados in 2010 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 1,196 million.
  • At the HS6 digit level, 1,757 products were exported to 133 countries and 3,764 products were imported from 162 countries.

Barbados top 5 Export and Import partners 2010

Top five countries to which Barbados exported in 2010 are below, along with the percent of total exports that went to that country:

  1. Barbados exports to United States worth US$ 78 million, with a partner share of 24.92 percent.
  2. Barbados exports to United Kingdom worth US$ 53 million, with a partner share of 16.78 percent.
  3. Barbados exports to Trinidad and Tobago worth US$ 26 million, with a partner share of 8.44 percent.
  4. Barbados exports to St. Lucia worth US$ 18 million, with a partner share of 5.79 percent.
  5. Barbados exports to Jamaica worth US$ 18 million, with a partner share of 5.64 percent.

Top five countries from which Barbados imported goods in 2010 are below, along with percent of total imports that came from the country :

  1. Barbados imports from United States worth US$ 526 million, with a partner share of 43.95 percent.
  2. Barbados imports from Trinidad and Tobago worth US$ 86 million, with a partner share of 7.18 percent.
  3. Barbados imports from United Kingdom worth US$ 64 million, with a partner share of 5.37 percent.
  4. Barbados imports from China worth US$ 58 million, with a partner share of 4.83 percent.
  5. Barbados imports from Canada worth US$ 53 million, with a partner share of 4.40 percent.

Barbados Top 5 Productsexports imports at HS 6 digit level 2010

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

  1. Barbados exported Other medicaments of mixed or unmixed products, , worth 58,356.51 (US$ Thousands).
  2. Barbados exported Rum and tafia , worth 33,984.65 (US$ Thousands).
  3. Barbados exported Portland cement (excl. white) , worth 12,409.47 (US$ Thousands).
  4. Barbados exported Printed paper or paperboard labels of all kinds , worth 10,031.34 (US$ Thousands).
  5. Barbados exported Raw cane sugar, in solid form , worth 9,646.67 (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 54,705.04 (US$ Thousands).
  2. Barbados imported Automobiles with reciprocating piston engine di , worth 23,126.24 (US$ Thousands).
  3. Barbados imported Other food preparations, nes , worth 15,874.87 (US$ Thousands).
  4. Barbados imported Automobiles with reciprocating piston engine di , worth 11,740.54 (US$ Thousands).
  5. Barbados imported Diesel powered trucks with a GVW not exceeding , worth 11,532.54 (US$ Thousands).

Exports and Imports of Product Groups 2010

Exports and imports of products by stages of processing in 2010 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2010

Tariffs imposed by Barbados in 2010 are below

  • The maximum rate of tariff in percentage on any product was 997.16 percent.
  • The simple average tariff across all products was 13.80 percent.
  • The trade weighted average tariff was 15.77 .
  • The total duty free imports in thousands of US dollars were 82,347.68 and duty free tariff line items share was 4.58 percent.

Development Indicators 2010

Key Development Indicators of Barbados in 2010 are below

  • Barbados GDP in current US dollar was 4,530 million.
  • GNI per capita, Atlas method (current US$) was 15,960.00 .
  • Barbados Trade balance: as % of GDP was -9.07.
  • Trade balance in current US$ was -411.00 million.
  • Trade as percentage of GDP was 86.92 .
  • Trade in services as percentage of GDP was 44.20 .

Trade Indicators 2010

Trade Indicators for Barbados in 2010 are below

  • Hirschman Herfindahl market concentration index was 0.47.
  • Index of export market penetration was 2.02.
  • World Growth in percentage was 9.74 and Barbados Country Growth was 3.88 .