Barbados Trade

Latest trade data available from various sources.

Please note: The data from various sources are not from the same year.
Barbados monthly trade data
Barbados quarterly trade data

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For viewing trade, tariff data for country or region by year click here.
Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

TRADE SUMMARY FOR Barbados

2019

Overall Exports and Imports

Exports
Exports (in US$ Mil) 444
No. Of products 1,550
No. Of partners 121
Imports
Imports (in US$ Mil) 1,581
No. Of products 3,542
No. Of partners 169

Trade Indicator

HH Market concentration index0.09
Index of export market penetration1.72
World Growth-1.13
Country Growth11.04

Service Indicators 2019

Service imports (BoP, current US$)...
Service exports (BoP, current US$)...
Imports of goods and services (% of GDP)41.68
Exports of goods and services (% of GDP)42.01

Barbados top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
Unspecified108 24.42
United States93 20.86
Jamaica31 6.99
Guyana30 6.74
Trinidad and Tobago29 6.45
Exporter Trade (US$ Mil) Partner share(%)
United States595 37.61
Trinidad and Tobago238 15.03
Netherlands131 8.29
China92 5.83
United Kingdom66 4.17

Barbados Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials25 5.58 112 7.10 24.26
Intermediate goods65 14.57 157 9.90 11.95
Consumer goods319 71.91 990 62.60 15.96
Capital goods25 5.73 256 16.21 6.07

Top 5 Products exports imports at HS 6 digit level

Exports
Petroleum oils, etc, ...108,440.48
Rum and tafia38,624.30
Portland cement (exc ...24,902.02
Other medicaments of ...20,887.64
Art. of jewellery an ...15,622.30
Imports
Petroleum oils, etc, ...349,274.24
Other medicaments of ...36,080.08
Other food preparati ...22,598.13
Automobiles with rec ...20,071.22
Automobiles with rec ...19,464.30

Tariff and Trade Barriers for Barbados

Tariffs 2013

No. Of Tariff Agreement 3
Simple Average (%) 12.55
Duty Free Imports (US$ Thousand) 149,661.19
Maximum Rate (%) 845.23
Weighted Average (%) 14.21
Duty Free Tariff Lines Share (%) 23.65

Overall Trade Restrictiveness Index (OTRI)

OTRI »
Overall Trade Restrictiveness Index - MFN Tariff...
Overall Trade Restrictiveness Index - Applied Tariff...

Services Service Policy Restrictive Database (SPRD)

SPRD »
Services Trade Restrictions Index - Over All...

Non-Tariff Measures (NTM)

No Of NTM Measures...
No Of NTM Affected Products (HS 6 Digit)...

Temporary Trade Barriers Database (TTDB)

TTDB »
Temporary Trade Barriers in Effect - Simple Average...
Temporary Trade Barriers in Effect - Weighted Average...

World Development Indicators (WDI)

2019 WDI »
Population286,641
GDP (current US$ Mil)5,209
GNI per capita, Atlas method (current US$)17,380.00
Trade Balance (current US$ Mil)17.00
Trade Balance (% of GDP)0.32

Doing Business

2019 Doing Business »
Ease of Doing Business Rank128
Trading Across Borders Rank132

Country Policy and Institutional Assessment (CPIA)

CPIA »
CPIA Trade Ratings...

Logistics Performance Index (LPI)

LPI »
LPI Score...
LPI Rank...