Barbados Trade Summary

2022 Data

Barbados exports, imports, tariff by year.

Country / 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

Overall Exports and Imports

Exportsmore »
Exports (in US$ Mil): 498
No. Of products: 1,396
No. Of partners: 98
Importsmore »
Imports (in US$ Mil): 2,151
No. Of products: 3,584
No. Of partners: 138

Top 5 Products exports imports at HS 6 digit level

Exports (US$ Thousands)  
Petroleum oils, etc, ...175,649.53
Rum and tafia43,064.36
Other medicaments of ...20,257.41
Petroleum oils and o ...13,355.33
Sweet biscuits; waff ...12,832.21
Imports (US$ Thousands)
Petroleum oils, etc, ...535,349.72
Other medicaments of ...37,048.44
Other food preparati ...27,046.20
Automobiles nes incl ...19,926.68
Soya beans16,689.25

Top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
Unspecified176 35.28
United States85 17.06
Jamaica36 7.26
Trinidad and Tobago33 6.62
Guyana28 5.69
Exporter Trade (US$ Mil) Partner share(%)
United States866 40.26
Trinidad and Tobago412 19.14
Netherlands99 4.58
United Kingdom98 4.54
China95 4.41

Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials28 5.57 172 7.99 30.53
Intermediate goods60 12.05 249 11.60 13.47
Consumer goods376 75.46 1,376 63.99 15.66
Capital goods32 6.43 342 15.91 7.20

Trade Indicators

more »
HH Market concentration index: 0.08
Index of export market penetration: 1.86
World Growth: 5.18
Country Growth: 2.07

Tariffs

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No Of Tariff Agreement: 4
Maximum Rate (%): 216
Simple Average (%): 11.87
Weighted Average (%): 14.58
Duty Free Imports (US$ Thousand): 308,299.20
Duty Free Tariff Lines Share (%): 27.91

Development Indicators

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GDP (current US$): 5,638
GNI per capita, Atlas method (current US$): 19,350.00
Trade Balance (% of GDP): ...
Trade Balance (current US$ Mil): ...
Trade in services (% of GDP): ...
Trade (% of GDP): ...