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Barbados: Trade Statistics

Exporter Rank

126 / 146

Importer Rank

128 / 145

Trade Balance Rank

67 / 145

Total Trade [1]

Total Exports (2016) $516,825,882
Total Imports (2016) $1,621,269,759
Trade Balance (2016) ($1,104,443,877)
Exports of goods and services (% of GDP) (2017) [2] 37%
Imports of goods and services (% of GDP) (2017) [2] 43.71%

Trade Partners [1]

Export Partners

Top 10 Export Countries

Country Export USD$
United States $177,972,147
Trinidad and Tobago $39,945,778
Guyana $23,256,864
China $22,072,963
Jamaica $21,594,796
Saint Lucia $19,375,435
United Kingdom $16,228,849
Saint Vincent and the Grenadines $13,716,147
Antigua and Barbuda $13,006,682
France $10,954,514

Import Partners

Top 10 Import Countries

Country Import USD$
United States $634,714,306
Trinidad and Tobago $217,722,146
China $119,078,240
United Kingdom $78,005,240
Japan $43,333,036
Canada $36,648,016
Germany $33,194,478
France $31,709,265
Netherlands $30,120,014
Saint Lucia $28,764,522

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

Top 10 Export Goods

HS Code Export USD$
(71) Precious Stones & Metals $92,908,183
(27) Oil & Mineral Fuels $77,303,951
(22) Beverages $53,417,865
(30) Pharmaceuticals $45,508,915
(90) Precision Instruments $31,575,010
(91) Clocks & Watches $19,376,681
(25) Natural Minerals & Stone $18,780,535
(85) Electrical Machinery $15,647,833
(48) Paper $14,762,279
(15) Fats & Oils $11,131,803

Top 10 Import Goods

HS Code Import USD$
(27) Oil & Mineral Fuels $251,873,385
(84) Industrial Machinery $142,977,198
(85) Electrical Machinery $111,922,953
(87) Motor Vehicles & Parts $95,156,965
(71) Precious Stones & Metals $77,672,251
(30) Pharmaceuticals $61,843,768
(39) Plastics $54,564,958
(22) Beverages $48,438,636
(48) Paper $42,188,735
(90) Precision Instruments $41,254,846

Sources:

  1. UN Comtrade (2016) except where stated otherwise.
  2. The World Bank. Accessed: 6/29/2018
Barbados