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Barbados Trade Summary

2023

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 2023

Overall Exports and Imports for Barbados 2023

Exports and imports of Barbados in 2023 are below, along with number of countries and products

  • The total value of exports (FoB) was 476 million.
  • The total value of imports (CIF) was 2,143 million.
  • At the HS6 digit level, 1,327 products were exported to 94 countries and 3,593 products were imported from 135 countries.

Barbados top 5 Export and Import partners 2023

Top five countries to which Barbados exported in 2023 are below, along with the percent of total exports that went to that country:

  1. Barbados exports to Unspecified worth US$ 150 million, with a partner share of 31.56 percent.
  2. Barbados exports to United States worth US$ 88 million, with a partner share of 18.50 percent.
  3. Barbados exports to Jamaica worth US$ 34 million, with a partner share of 7.22 percent.
  4. Barbados exports to Trinidad and Tobago worth US$ 34 million, with a partner share of 7.13 percent.
  5. Barbados exports to Guyana worth US$ 26 million, with a partner share of 5.51 percent.

Top five countries from which Barbados imported goods in 2023 are below, along with percent of total imports that came from the country :

  1. Barbados imports from United States worth US$ 814 million, with a partner share of 37.98 percent.
  2. Barbados imports from Trinidad and Tobago worth US$ 461 million, with a partner share of 21.50 percent.
  3. Barbados imports from Netherlands worth US$ 140 million, with a partner share of 6.54 percent.
  4. Barbados imports from United Kingdom worth US$ 104 million, with a partner share of 4.84 percent.
  5. Barbados imports from China worth US$ 76 million, with a partner share of 3.54 percent.

Barbados Top 5 Productsexports imports at HS 6 digit level 2023

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 165,016.14 (US$ Thousands).
  2. Barbados exported Rum and tafia , worth 46,594.17 (US$ Thousands).
  3. Barbados exported Other medicaments of mixed or unmixed products, , worth 24,615.64 (US$ Thousands).
  4. Barbados exported Margarine (excl. liquid) , worth 14,151.18 (US$ Thousands).
  5. Barbados exported Sweet biscuits; waffles and wafers , worth 13,893.75 (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 513,200.85 (US$ Thousands).
  2. Barbados imported Automobiles nes including gas turbine powered , worth 57,881.92 (US$ Thousands).
  3. Barbados imported Other medicaments of mixed or unmixed products, , worth 37,837.29 (US$ Thousands).
  4. Barbados imported Other food preparations, nes , worth 26,979.89 (US$ Thousands).
  5. Barbados imported Soya beans , worth 15,468.15 (US$ Thousands).

Exports and Imports of Product Groups 2023

Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2023

Tariffs imposed by Barbados in 2023 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 2023

Key Development Indicators of Barbados in 2023 are below

  • Barbados GDP in current US dollar was 6,721 million.
  • GNI per capita, Atlas method (current US$) was 22,870.00 .
  • Barbados Trade balance: as % of GDP was not available.
  • Trade balance in current US$ was not available.
  • Trade as percentage of GDP was not available .
  • Trade in services as percentage of GDP was not available .

Trade Indicators 2023

Trade Indicators for Barbados in 2023 are below

  • Hirschman Herfindahl market concentration index was 0.11.
  • Index of export market penetration was 2.05.
  • World Growth in percentage was -3.13 and Barbados Country Growth was 3.90 .