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Barbados Trade Summary

2021

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 2021

Overall Exports and Imports for Barbados 2021

Exports and imports of Barbados in 2021 are below, along with number of countries and products

  • The total value of exports (FoB) was 350 million.
  • The total value of imports (CIF) was 1,673 million.
  • At the HS6 digit level, 1,433 products were exported to 108 countries and 3,547 products were imported from 142 countries.

Barbados top 5 Export and Import partners 2021

Top five countries to which Barbados exported in 2021 are below, along with the percent of total exports that went to that country:

  1. Barbados exports to Unspecified worth US$ 73 million, with a partner share of 20.87 percent.
  2. Barbados exports to United States worth US$ 67 million, with a partner share of 19.24 percent.
  3. Barbados exports to Jamaica worth US$ 27 million, with a partner share of 7.72 percent.
  4. Barbados exports to Guyana worth US$ 26 million, with a partner share of 7.50 percent.
  5. Barbados exports to Trinidad and Tobago worth US$ 26 million, with a partner share of 7.33 percent.

Top five countries from which Barbados imported goods in 2021 are below, along with percent of total imports that came from the country :

  1. Barbados imports from United States worth US$ 787 million, with a partner share of 47.04 percent.
  2. Barbados imports from Trinidad and Tobago worth US$ 209 million, with a partner share of 12.49 percent.
  3. Barbados imports from United Kingdom worth US$ 74 million, with a partner share of 4.42 percent.
  4. Barbados imports from China worth US$ 67 million, with a partner share of 4.02 percent.
  5. Barbados imports from Netherlands worth US$ 54 million, with a partner share of 3.23 percent.

Barbados Top 5 Productsexports imports at HS 6 digit level 2021

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 73,080.37 (US$ Thousands).
  2. Barbados exported Rum and tafia , worth 42,314.49 (US$ Thousands).
  3. Barbados exported Other medicaments of mixed or unmixed products, , worth 18,829.76 (US$ Thousands).
  4. Barbados exported Portland cement (excl. white) , worth 13,448.03 (US$ Thousands).
  5. Barbados exported Printed paper or paperboard labels of all kinds , worth 12,799.58 (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 322,512.17 (US$ Thousands).
  2. Barbados imported Other medicaments of mixed or unmixed products, , worth 33,039.11 (US$ Thousands).
  3. Barbados imported Other food preparations, nes , worth 27,279.09 (US$ Thousands).
  4. Barbados imported Storage units, whether or not presented with th , worth 25,004.28 (US$ Thousands).
  5. Barbados imported Composite diagnostic or laboratory reagents, ne , worth 17,412.77 (US$ Thousands).

Exports and Imports of Product Groups 2021

Exports and imports of products by stages of processing in 2021 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2021

Tariffs imposed by Barbados in 2021 are below

  • The maximum rate of tariff in percentage on any product was 967.44 percent.
  • The simple average tariff across all products was 9.53 percent.
  • The trade weighted average tariff was 12.24 .
  • The total duty free imports in thousands of US dollars were 340,670.23 and duty free tariff line items share was 37.60 percent.

Development Indicators 2021

Key Development Indicators of Barbados in 2021 are below

  • Barbados GDP in current US dollar was 4,844 million.
  • GNI per capita, Atlas method (current US$) was 16,900.00 .
  • Barbados Trade balance: as % of GDP was -10.10.
  • Trade balance in current US$ was -489.00 million.
  • Trade as percentage of GDP was 70.85 .
  • Trade in services as percentage of GDP was not available .

Trade Indicators 2021

Trade Indicators for Barbados in 2021 are below

  • Hirschman Herfindahl market concentration index was 0.07.
  • Index of export market penetration was 2.01.
  • World Growth in percentage was 12.50 and Barbados Country Growth was 1.75 .