Overall Exports and Imports for Barbados 2023
- The total value of exports (FOB) is US$ 476 million.
- The total value of imports (CIF) is US$ 2,143 million.
- At the HS6 digit level, 1,327 products are exported to 94 countries and 3,593 products are imported from 135 countries.
Top 5 Products exports 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:
- Barbados exported Petroleum oils, etc, (excl. crude); preparation , worth 165,016.14 (US$ Thousands).
- Barbados exported Rum and tafia , worth 46,594.17 (US$ Thousands).
- Barbados exported Other medicaments of mixed or unmixed products, , worth 24,615.64 (US$ Thousands).
- Barbados exported Margarine (excl. liquid) , worth 14,151.18 (US$ Thousands).
- 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
- Barbados imported Petroleum oils, etc, (excl. crude); preparation , worth 513,200.85 (US$ Thousands).
- Barbados imported Automobiles nes including gas turbine powered , worth 57,881.92 (US$ Thousands).
- Barbados imported Other medicaments of mixed or unmixed products, , worth 37,837.29 (US$ Thousands).
- Barbados imported Other food preparations, nes , worth 26,979.89 (US$ Thousands).
- Barbados imported Soya beans , worth 15,468.15 (US$ Thousands).
Barbados top 5 Export and Import partners 2023
The top five countries to which Barbados exported 2023 along with the partner share in percentage are:
- Barbados exports to Unspecified worth US$ 150 million, with a partner share of 31.56 percent.
- Barbados exports to United States worth US$ 88 million, with a partner share of 18.50 percent.
- Barbados exports to Jamaica worth US$ 34 million, with a partner share of 7.22 percent.
- Barbados exports to Trinidad and Tobago worth US$ 34 million, with a partner share of 7.13 percent.
- Barbados exports to Guyana worth US$ 26 million, with a partner share of 5.51 percent.
The top five countries to which Barbados imported goods 2023 along with the share in percentage are
- Barbados imports from United States worth US$ 814 million, with a partner share of 37.98 percent.
- Barbados imports from Trinidad and Tobago worth US$ 461 million, with a partner share of 21.50 percent.
- Barbados imports from Netherlands worth US$ 140 million, with a partner share of 6.54 percent.
- Barbados imports from United Kingdom worth US$ 104 million, with a partner share of 4.84 percent.
- Barbados imports from China worth US$ 76 million, with a partner share of 3.54 percent.
Barbados 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.
- Barbados Raw materials exports are worth US$ 31 million, product share of 6.59%.
- Barbados Raw materials imports are worth US$ 172 million, product share of 8.02%.
- Barbados Intermediate goods exports are worth US$ 48 million, product share of 10.01%.
- Barbados Intermediate goods imports are worth US$ 211 million, product share of 9.87%.
- Barbados Consumer goods exports are worth US$ 369 million, product share of 77.55%.
- Barbados Consumer goods imports are worth US$ 1,359 million, product share of 63.44%.
- Barbados Capital goods exports are worth US$ 25 million, product share of 5.36%.
- Barbados Capital goods imports are worth US$ 387 million, product share of 18.05%.
Barbados Trade Indicators 2023
- Hirschman Herfindahl Market concentration index is 0.11.
- Index of export market penetration is 0.11.
- World Growth in percentage is 0.11 and Barbados Country Growth is 3.90.
Barbados Service Trade data from WDI
- Barbados, Service imports (BoP, current US$) is not available.
- Barbados, Service exports (BoP, current US$) is not available.
- Barbados, Imports of goods and services as percentage of GDP is not available.
- Barbados, Exports of goods and services as percentage of GDP is not available.