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

2018

Overall Exports and Imports

Exports
Exports (in US$ Mil) 458
No. Of products 1,693
No. Of partners 138
Imports
Imports (in US$ Mil) 1,600
No. Of products 3,740
No. Of partners 172

Trade Indicator

HH Market concentration index0.08
Index of export market penetration1.63
World Growth3.50
Country Growth-11.37

Service Indicators 2018

Service imports (BoP, current US$)...
Service exports (BoP, current US$)...
Imports of goods and services (% of GDP)40.89
Exports of goods and services (% of GDP)41.99

Barbados top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
Unspecified109 23.85
United States104 22.65
Trinidad and Tobago32 6.92
Guyana27 5.88
Jamaica23 4.99
Exporter Trade (US$ Mil) Partner share(%)
United States632 39.49
Trinidad and Tobago286 17.86
China94 5.90
United Kingdom66 4.12
Japan41 2.57

Barbados Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials18 4.00 121 7.57 24.26
Intermediate goods63 13.76 170 10.63 11.95
Consumer goods344 75.13 1,053 65.80 15.96
Capital goods29 6.43 250 15.65 6.07

Top 5 Products exports imports at HS 6 digit level

Exports
Petroleum oils, etc, ...109,154.83
Rum and tafia40,752.91
Other medicaments of ...23,714.74
Art. of jewellery an ...21,642.37
Portland cement (exc ...20,283.54
Imports
Petroleum oils, etc, ...354,400.23
Other medicaments of ...39,123.32
Automobiles with rec ...23,166.55
Other food preparati ...21,750.52
Automobiles with rec ...18,401.16

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)

2018 WDI »
Population286,641
GDP (current US$ Mil)5,145
GNI per capita, Atlas method (current US$)15,410.00
Trade Balance (current US$ Mil)57.00
Trade Balance (% of GDP)1.10

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...