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

2021

Overall Exports and Imports

Exports
Exports (in US$ Mil) 350
No. Of products 1,433
No. Of partners 108
Imports
Imports (in US$ Mil) 1,673
No. Of products 3,547
No. Of partners 142

Trade Indicator

HH Market concentration index0.08
Index of export market penetration1.89
World Growth12.59
Country Growth2.47

Service Indicators 2021

Service imports (BoP, current US$)...
Service exports (BoP, current US$)...
Imports of goods and services (% of GDP)40.47
Exports of goods and services (% of GDP)30.37

Barbados top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
Unspecified73 20.87
United States67 19.24
Jamaica27 7.72
Guyana26 7.50
Trinidad and Tobago26 7.33
Exporter Trade (US$ Mil) Partner share(%)
United States787 47.04
Trinidad and Tobago209 12.49
United Kingdom74 4.42
China67 4.02
Netherlands54 3.23

Barbados Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials16 4.48 132 7.89 35.24
Intermediate goods50 14.39 204 12.18 12.07
Consumer goods255 72.87 992 59.27 12.33
Capital goods27 7.57 337 20.14 5.35

Top 5 Products exports imports at HS 6 digit level

Exports
Petroleum oils, etc, ...73,080.37
Rum and tafia42,314.49
Other medicaments of ...18,829.76
Portland cement (exc ...13,448.03
Printed paper or pap ...12,799.58
Imports
Petroleum oils, etc, ...322,512.17
Other medicaments of ...33,039.11
Other food preparati ...27,279.09
Storage units, wheth ...25,004.28
Composite diagnostic ...17,412.77

Tariff and Trade Barriers for Barbados

Tariffs 2021

No. Of Tariff Agreement 4
Simple Average (%) 9.53
Duty Free Imports (US$ Thousand) 340,670.23
Maximum Rate (%) 967.44
Weighted Average (%) 12.24
Duty Free Tariff Lines Share (%) 37.60

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)

2021 WDI »
Population286,641
GDP (current US$ Mil)4,844
GNI per capita, Atlas method (current US$)16,900.00
Trade Balance (current US$ Mil)-489.00
Trade Balance (% of GDP)-10.10

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...