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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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

2020

Overall Exports and Imports

Exports
Exports (in US$ Mil) 345
No. Of products 1,319
No. Of partners 108
Imports
Imports (in US$ Mil) 1,501
No. Of products 3,577
No. Of partners 144

Trade Indicator

HH Market concentration index0.08
Index of export market penetration1.72
World Growth-3.91
Country Growth-17.94

Service Indicators 2020

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

Barbados top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
Unspecified81 23.54
United States46 13.29
Jamaica28 8.23
Guyana26 7.56
Trinidad and Tobago23 6.79
Exporter Trade (US$ Mil) Partner share(%)
United States639 42.59
Trinidad and Tobago208 13.84
Netherlands83 5.54
United Kingdom73 4.84
Panama50 3.35

Barbados Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials19 5.48 118 7.85 33.83
Intermediate goods56 16.32 170 11.32 13.32
Consumer goods239 69.14 870 57.97 11.96
Capital goods28 8.22 338 22.51 4.87

Top 5 Products exports imports at HS 6 digit level

Exports
Petroleum oils, etc, ...80,907.45
Rum and tafia38,028.80
Other medicaments of ...18,103.27
Portland cement (exc ...15,511.25
Printed paper or pap ...11,785.89
Imports
Petroleum oils, etc, ...244,931.90
Other medicaments of ...36,799.37
Generating sets,dies ...27,474.29
Other food preparati ...22,982.62
Automobiles with rec ...17,114.73

Tariff and Trade Barriers for Barbados

Tariffs 2020

No. Of Tariff Agreement 3
Simple Average (%) 10.18
Duty Free Imports (US$ Thousand) 330,987.27
Maximum Rate (%) 1,074.70
Weighted Average (%) 11.82
Duty Free Tariff Lines Share (%) 35.02

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)

2020 WDI »
Population286,641
GDP (current US$ Mil)4,366
GNI per capita, Atlas method (current US$)14,460.00
Trade Balance (current US$ Mil)...
Trade Balance (% of GDP)...

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...