HS Icon Lifting Machinery in  Flag Barbados

2021
Exports | Imports
: $608k | $11.9M, World Rnk 96 / 189
Flag Rnk 69 / 728 | World Rnk 112 / 221
Flag Rnk 19 / 1093

2020 - 2021
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $550k | $7.89M, Germany |  Ireland

2021
PRODUCT COMPLEXITY IN Lifting Machinery
: 1.07, Rnk 151 / 1029

Exports In 2021, Barbados exported $608k in Lifting Machinery, making it the 96th largest exporter of Lifting Machinery in the world. At the same year, Lifting Machinery was the 69th most exported product in Barbados. The main destination of Lifting Machinery exports from Barbados are: Germany ($550k), Sweden ($43.9k), Italy ($11.8k), and Grenada ($2.18k).

The fastest growing export markets for Lifting Machinery of Barbados between 2020 and 2021 were Germany ($550k), Sweden ($43.9k), and Italy ($11.8k).

Imports In 2021, Barbados imported $11.9M in Lifting Machinery, becoming the 112th largest importer of Lifting Machinery in the world. At the same year, Lifting Machinery was the 19th most imported product in Barbados. Barbados imports Lifting Machinery primarily from: Ireland ($7.89M), United States ($2.74M), China ($680k), Canada ($183k), and Mexico ($132k).

The fastest growing import markets in Lifting Machinery for Barbados between 2020 and 2021 were Ireland ($7.89M), United States ($1.89M), and China ($258k).

Tariffs In 2013, the average tariff for Barbados in Lifting Machinery was 4.21%. The countries with the highest import tariffs for Lifting Machinery were Angola (Most Favoured Nation duty rate treatment, 5%), Burundi (Most Favoured Nation duty rate treatment, 5%), Benin (Most Favoured Nation duty rate treatment, 5%), Burkina Faso (Most Favoured Nation duty rate treatment, 5%), and Botswana (Most Favoured Nation duty rate treatment, 5%).

Mar 2023

Subnational Monthly Trade

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Y-AXIS SCALE

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The following visualization shows the latest trends on Lifting Machinery. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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EXPORTS (2021): $608k

IMPORTS (2021): $11.9M

NET TRADE (2021): -$11.3M

In 2021, Barbados exported $608k in Lifting Machinery. The main destinations of Barbados exports on Lifting Machinery were Germany ($550k), Sweden ($43.9k), Italy ($11.8k), and Grenada ($2.18k).

In 2021, Barbados imported $11.9M in Lifting Machinery, mainly from Ireland ($7.89M), United States ($2.74M), China ($680k), Canada ($183k), and Mexico ($132k).

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Flow

THE FASTEST GROWING Lifting Machinery EXPORT MARKETS FOR Barbados WERE (2020 - 2021):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lifting Machinery BY Barbados WERE (2020 - 2021):

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Market Concentration

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In 2021, Barbados's main exporting competitors in Lifting Machinery were:

In 2021, Barbados's main importing competitors in Lifting Machinery were:

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