Barbados Trade at a Glance : Most Recent Values

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

2017

Overall Exports and Imports

Exports
Exports (in US$ Mil) 485
No. Of products 1,764
No. Of partners 141
Imports
Imports (in US$ Mil) 1,600
No. Of products 3,765
No. Of partners 178

Trade Indicator

HH Market concentration index0.06
Index of export market penetration1.69
World Growth1.50
Country Growth8.40

Service Indicators 2017

Service imports (BoP, current US$)...
Service exports (BoP, current US$)...
Imports of goods and services (% of GDP)44.86
Exports of goods and services (% of GDP)37.98

Barbados top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
United States125 25.84
Unspecified95 19.50
Trinidad and Tobago37 7.52
Jamaica28 5.86
Guyana24 4.93
Exporter Trade (US$ Mil) Partner share(%)
United States633 39.54
Trinidad and Tobago268 16.78
China93 5.78
United Kingdom64 4.00
Japan45 2.84

Barbados Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials20 4.17 115 7.20 24.26
Intermediate goods66 13.55 167 10.45 11.95
Consumer goods361 74.37 1,035 64.69 15.96
Capital goods36 7.34 278 17.36 6.07

Top 5 Products exports imports at HS 6 digit level

Exports
Petroleum oils, etc, ...94,641.16
Rum and tafia42,323.36
Other medicaments of ...29,479.10
Artificial parts of ...16,602.02
Art. of jewellery an ...16,492.38
Imports
Petroleum oils, etc, ...298,909.39
Other medicaments of ...39,913.30
Automobiles with rec ...26,643.57
Automobiles with rec ...21,090.33
Other food preparati ...20,455.23

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)

2017 WDI »
Population284,996
GDP (current US$ Mil)4,674
GNI per capita, Atlas method (current US$)15,270.00
Trade Balance (current US$ Mil)-322.00
Trade Balance (% of GDP)-6.88

Doing Business

2018 Doing Business »
Ease of Doing Business Rank132
Trading Across Borders Rank129

Country Policy and Institutional Assessment (CPIA)

CPIA »
CPIA Trade Ratings...

Logistics Performance Index (LPI)

LPI »
LPI Score...
LPI Rank...