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Barbados Trade Summary

2014

Barbados exports, imports, tariff by year.
Barbados monthly trade data
Barbados quarterly trade data

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 2014

Overall Exports and Imports for Barbados 2014

Exports and imports of Barbados in 2014 are below, along with number of countries and products

  • The total value of exports (FoB) was 481 million.
  • The total value of imports (CIF) was 1,740 million.
  • At the HS6 digit level, 1,656 products were exported to 130 countries and 3,739 products were imported from 177 countries.

Barbados top 5 Export and Import partners 2014

Top five countries to which Barbados exported in 2014 are below, along with the percent of total exports that went to that country:

  1. Barbados exports to Unspecified worth US$ 116 million, with a partner share of 24.19 percent.
  2. Barbados exports to United States worth US$ 82 million, with a partner share of 16.98 percent.
  3. Barbados exports to Trinidad and Tobago worth US$ 59 million, with a partner share of 12.36 percent.
  4. Barbados exports to Guyana worth US$ 25 million, with a partner share of 5.25 percent.
  5. Barbados exports to St. Lucia worth US$ 20 million, with a partner share of 4.16 percent.

Top five countries from which Barbados imported goods in 2014 are below, along with percent of total imports that came from the country :

  1. Barbados imports from United States worth US$ 608 million, with a partner share of 34.95 percent.
  2. Barbados imports from Trinidad and Tobago worth US$ 357 million, with a partner share of 20.53 percent.
  3. Barbados imports from China worth US$ 92 million, with a partner share of 5.31 percent.
  4. Barbados imports from United Kingdom worth US$ 69 million, with a partner share of 3.99 percent.
  5. Barbados imports from Suriname worth US$ 67 million, with a partner share of 3.84 percent.

Barbados Top 5 Productsexports imports at HS 6 digit level 2014

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 US$ 116,341.69 million.
  2. Barbados exported Other medicaments of mixed or unmixed products, , worth US$ 40,335.69 million.
  3. Barbados exported Rum and tafia , worth US$ 39,377.63 million.
  4. Barbados exported Petroleum oils and oils obtained from bituminou , worth US$ 26,441.82 million.
  5. Barbados exported Portland cement (excl. white) , worth US$ 19,284.45 million.

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 US$ 426,629.14 million.
  2. Barbados imported Other medicaments of mixed or unmixed products, , worth US$ 56,908.17 million.
  3. Barbados imported Automobiles with reciprocating piston engine di , worth US$ 20,403.15 million.
  4. Barbados imported Other food preparations, nes , worth US$ 17,804.04 million.
  5. Barbados imported Optical fibre cables, made up of individually s , worth US$ 17,100.24 million.

Exports and Imports of Product Groups 2014

Exports and imports of products by stages of processing in 2014 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2014

Tariffs imposed by Barbados in 2014 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 2014

Key Development Indicators of Barbados in 2014 are below

  • Barbados GDP in current US dollar was 4,697 million.
  • GNI per capita, Atlas method (current US$) was 15,630.00 .
  • Barbados Trade balance: as % of GDP was -4.70.
  • Trade balance in current US$ was -221.00 million.
  • Trade as percentage of GDP was 85.35 .
  • Trade in services as percentage of GDP was 43.97 .

Trade Indicators 2014

Trade Indicators for Barbados in 2014 are below

  • Hirschman Herfindahl market concentration index was 0.10.
  • Index of export market penetration was 1.83.
  • World Growth in percentage was 0.12 and Barbados Country Growth was 5.20 .