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Barbados Trade Summary

2022

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 2022

Overall Exports and Imports for Barbados 2022

Exports and imports of Barbados in 2022 are below, along with number of countries and products

  • The total value of exports (FoB) was 498 million.
  • The total value of imports (CIF) was 2,151 million.
  • At the HS6 digit level, 1,396 products were exported to 98 countries and 3,584 products were imported from 138 countries.

Barbados top 5 Export and Import partners 2022

Top five countries to which Barbados exported in 2022 are below, along with the percent of total exports that went to that country:

  1. Barbados exports to Unspecified worth US$ 176 million, with a partner share of 35.28 percent.
  2. Barbados exports to United States worth US$ 85 million, with a partner share of 17.06 percent.
  3. Barbados exports to Jamaica worth US$ 36 million, with a partner share of 7.26 percent.
  4. Barbados exports to Trinidad and Tobago worth US$ 33 million, with a partner share of 6.62 percent.
  5. Barbados exports to Guyana worth US$ 28 million, with a partner share of 5.69 percent.

Top five countries from which Barbados imported goods in 2022 are below, along with percent of total imports that came from the country :

  1. Barbados imports from United States worth US$ 866 million, with a partner share of 40.26 percent.
  2. Barbados imports from Trinidad and Tobago worth US$ 412 million, with a partner share of 19.14 percent.
  3. Barbados imports from Netherlands worth US$ 99 million, with a partner share of 4.58 percent.
  4. Barbados imports from United Kingdom worth US$ 98 million, with a partner share of 4.54 percent.
  5. Barbados imports from China worth US$ 95 million, with a partner share of 4.41 percent.

Barbados Top 5 Productsexports imports at HS 6 digit level 2022

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 175,649.53 (US$ Thousands).
  2. Barbados exported Rum and tafia , worth 43,064.36 (US$ Thousands).
  3. Barbados exported Other medicaments of mixed or unmixed products, , worth 20,257.41 (US$ Thousands).
  4. Barbados exported Petroleum oils and oils obtained from bituminou , worth 13,355.33 (US$ Thousands).
  5. Barbados exported Sweet biscuits; waffles and wafers , worth 12,832.21 (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 535,349.72 (US$ Thousands).
  2. Barbados imported Other medicaments of mixed or unmixed products, , worth 37,048.44 (US$ Thousands).
  3. Barbados imported Other food preparations, nes , worth 27,046.20 (US$ Thousands).
  4. Barbados imported Automobiles nes including gas turbine powered , worth 19,926.68 (US$ Thousands).
  5. Barbados imported Soya beans , worth 16,689.25 (US$ Thousands).

Exports and Imports of Product Groups 2022

Exports and imports of products by stages of processing in 2022 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2022

Tariffs imposed by Barbados in 2022 are below

  • The maximum rate of tariff in percentage on any product was 216 percent.
  • The simple average tariff across all products was 11.87 percent.
  • The trade weighted average tariff was 14.58 .
  • The total duty free imports in thousands of US dollars were 308,299.20 and duty free tariff line items share was 27.91 percent.

Development Indicators 2022

Key Development Indicators of Barbados in 2022 are below

  • Barbados GDP in current US dollar was 5,638 million.
  • GNI per capita, Atlas method (current US$) was 19,350.00 .
  • Barbados Trade balance: as % of GDP was not available.
  • Trade balance in current US$ was not available.
  • Trade as percentage of GDP was not available .
  • Trade in services as percentage of GDP was not available .

Trade Indicators 2022

Trade Indicators for Barbados in 2022 are below

  • Hirschman Herfindahl market concentration index was 0.08.
  • Index of export market penetration was 1.86.
  • World Growth in percentage was 5.18 and Barbados Country Growth was 2.07 .