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Barbados Trade Summary

2020

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 2020

Overall Exports and Imports for Barbados 2020

Exports and imports of Barbados in 2020 are below, along with number of countries and products

  • The total value of exports (FoB) was 345 million.
  • The total value of imports (CIF) was 1,501 million.
  • At the HS6 digit level, 1,319 products were exported to 108 countries and 3,577 products were imported from 144 countries.

Barbados top 5 Export and Import partners 2020

Top five countries to which Barbados exported in 2020 are below, along with the percent of total exports that went to that country:

  1. Barbados exports to Unspecified worth US$ 81 million, with a partner share of 23.54 percent.
  2. Barbados exports to United States worth US$ 46 million, with a partner share of 13.29 percent.
  3. Barbados exports to Jamaica worth US$ 28 million, with a partner share of 8.23 percent.
  4. Barbados exports to Guyana worth US$ 26 million, with a partner share of 7.56 percent.
  5. Barbados exports to Trinidad and Tobago worth US$ 23 million, with a partner share of 6.79 percent.

Top five countries from which Barbados imported goods in 2020 are below, along with percent of total imports that came from the country :

  1. Barbados imports from United States worth US$ 639 million, with a partner share of 42.59 percent.
  2. Barbados imports from Trinidad and Tobago worth US$ 208 million, with a partner share of 13.84 percent.
  3. Barbados imports from Netherlands worth US$ 83 million, with a partner share of 5.54 percent.
  4. Barbados imports from United Kingdom worth US$ 73 million, with a partner share of 4.84 percent.
  5. Barbados imports from Panama worth US$ 50 million, with a partner share of 3.35 percent.

Barbados Top 5 Productsexports imports at HS 6 digit level 2020

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 80,907.45 (US$ Thousands).
  2. Barbados exported Rum and tafia , worth 38,028.80 (US$ Thousands).
  3. Barbados exported Other medicaments of mixed or unmixed products, , worth 18,103.27 (US$ Thousands).
  4. Barbados exported Portland cement (excl. white) , worth 15,511.25 (US$ Thousands).
  5. Barbados exported Printed paper or paperboard labels of all kinds , worth 11,785.89 (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 244,931.90 (US$ Thousands).
  2. Barbados imported Other medicaments of mixed or unmixed products, , worth 36,799.37 (US$ Thousands).
  3. Barbados imported Generating sets,diesel or semi-diesel engines,o , worth 27,474.29 (US$ Thousands).
  4. Barbados imported Other food preparations, nes , worth 22,982.62 (US$ Thousands).
  5. Barbados imported Automobiles with reciprocating piston engine di , worth 17,114.73 (US$ Thousands).

Exports and Imports of Product Groups 2020

Exports and imports of products by stages of processing in 2020 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2020

Tariffs imposed by Barbados in 2020 are below

  • The maximum rate of tariff in percentage on any product was 1,074.70 percent.
  • The simple average tariff across all products was 10.18 percent.
  • The trade weighted average tariff was 11.82 .
  • The total duty free imports in thousands of US dollars were 330,987.27 and duty free tariff line items share was 35.02 percent.

Development Indicators 2020

Key Development Indicators of Barbados in 2020 are below

  • Barbados GDP in current US dollar was 4,672 million.
  • GNI per capita, Atlas method (current US$) was 16,230.00 .
  • Barbados Trade balance: as % of GDP was -7.06.
  • Trade balance in current US$ was -330.00 million.
  • Trade as percentage of GDP was 66.54 .
  • Trade in services as percentage of GDP was not available .

Trade Indicators 2020

Trade Indicators for Barbados in 2020 are below

  • Hirschman Herfindahl market concentration index was 0.07.
  • Index of export market penetration was 2.03.
  • World Growth in percentage was -3.77 and Barbados Country Growth was -13.22 .