Barbados Trade Summary

2020 Data

Barbados exports, imports, tariff by year.

Country / 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

Overall Exports and Imports

Exportsmore »
Exports (in US$ Mil): 345
No. Of products: 1,319
No. Of partners: 108
Importsmore »
Imports (in US$ Mil): 1,501
No. Of products: 3,577
No. Of partners: 144

Top 5 Products exports imports at HS 6 digit level

Exports (US$ Thousands)  
Petroleum oils, etc, ...80,907.45
Rum and tafia38,028.80
Other medicaments of ...18,103.27
Portland cement (exc ...15,511.25
Printed paper or pap ...11,785.89
Imports (US$ Thousands)
Petroleum oils, etc, ...244,931.90
Other medicaments of ...36,799.37
Generating sets,dies ...27,474.29
Other food preparati ...22,982.62
Automobiles with rec ...17,114.73

Top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
Unspecified81 23.54
United States46 13.29
Jamaica28 8.23
Guyana26 7.56
Trinidad and Tobago23 6.79
Exporter Trade (US$ Mil) Partner share(%)
United States639 42.59
Trinidad and Tobago208 13.84
Netherlands83 5.54
United Kingdom73 4.84
Panama50 3.35

Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials19 5.48 118 7.85 33.83
Intermediate goods56 16.32 170 11.32 13.32
Consumer goods239 69.14 870 57.97 11.96
Capital goods28 8.22 338 22.51 4.87

Trade Indicators

more »
HH Market concentration index: 0.07
Index of export market penetration: 2.03
World Growth: -3.77
Country Growth: -13.22

Tariffs

more »
No Of Tariff Agreement: 3
Maximum Rate (%): 1,074.70
Simple Average (%): 10.18
Weighted Average (%): 11.82
Duty Free Imports (US$ Thousand): 330,987.27
Duty Free Tariff Lines Share (%): 35.02

Development Indicators

more »
GDP (current US$): 4,672
GNI per capita, Atlas method (current US$): 16,230.00
Trade Balance (% of GDP): -7.06
Trade Balance (current US$ Mil): -330.00
Trade in services (% of GDP): ...
Trade (% of GDP): 66.54