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Barbados: Trade Statistics

Exporter Rank

107 / 119

Importer Rank

106 / 119

Trade Balance Rank

50 / 119

Total Trade [1]

Total Exports (2018) $457,709,631
Total Imports (2018) $1,593,568,389
Trade Balance (2018) ($1,135,858,758)
Exports of goods and services (% of GDP) (2018) [2] 41.99%
Imports of goods and services (% of GDP) (2018) [2] 40.89%

Trade Partners [1]

Export Partners

Top 10 Export Countries

Country Export USD$
United States $103,688,980
Trinidad and Tobago $31,692,091
Guyana $26,929,789
Jamaica $22,819,085
Saint Lucia $21,173,297
Antigua and Barbuda $17,801,082
Canada $12,670,692
Saint Vincent and the Grenadines $12,370,598
Grenada $11,491,777
Saint Kitts and Nevis $9,311,698

Import Partners

Top 10 Import Countries

Country Import USD$
United States $630,595,740
Trinidad and Tobago $285,683,173
China $94,429,891
United Kingdom $64,963,489
Japan $41,016,562
Netherlands $37,813,569
Canada $33,491,033
Bahamas $31,956,248
Mexico $27,683,176
Thailand $25,462,835

Traded Goods [1] (at the 2-digit HS Code level)

Top 10 Export Goods

HS Code Export USD$
(27) Oil & Mineral Fuels $120,988,586
(22) Beverages $56,157,405
(30) Pharmaceuticals $29,883,907
(71) Precious Stones & Metals $27,999,492
(90) Precision Instruments $20,927,221
(25) Natural Minerals & Stone $20,673,968
(48) Paper $16,893,747
(15) Fats & Oils $12,565,879
(85) Electrical Machinery $10,928,004
(32) Paints & Dyes $10,030,158

Top 10 Import Goods

HS Code Import USD$
(27) Oil & Mineral Fuels $371,675,965
(84) Industrial Machinery $118,717,892
(87) Motor Vehicles & Parts $88,159,109
(85) Electrical Machinery $85,528,551
(39) Plastics $56,697,841
(30) Pharmaceuticals $50,306,758
(22) Beverages $47,985,690
(48) Paper $41,363,162
(21) Prepared Foods $39,187,793
(90) Precision Instruments $35,020,963

Sources:

  1. UN Comtrade (2018) except where stated otherwise.
  2. The World Bank. Accessed: 1/12/2020
Barbados