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2022
Exports $12.3MWorld Rnk 55 / 155
Flag Rnk 9 / 746
2022
Destination $415k Trinidad and Tobago
2021 - 2022
FASTEST GROWING MARKET $415kSaint Lucia
2022
PRODUCT COMPLEXITY IN Margarine-0.83Rnk 786 / 1025
2022
Imports $6.85MWorld Rnk 136 / 219
Flag Rnk 64 / 1102
2022
Origin $365k Sweden
2021 - 2022
FASTEST GROWING ORIGIN $365kMalaysia

About

Exports In 2022, Barbados exported $12.3M in Margarine, making it the 55th largest exporter of Margarine in the world. At the same year, Margarine was the 9th most exported product in Barbados. The main destination of Margarine exports from Barbados are: Trinidad and Tobago ($5.19M), Saint Lucia ($2.42M), Guyana ($983k), Saint Vincent and the Grenadines ($970k), and Dominica ($718k).

The fastest growing export markets for Margarine of Barbados between 2021 and 2022 were Saint Lucia ($415k), Grenada ($208k), and Dominica ($204k).

Imports In 2022, Barbados imported $6.85M in Margarine, becoming the 136th largest importer of Margarine in the world. At the same year, Margarine was the 64th most imported product in Barbados. Barbados imports Margarine primarily from: Sweden ($4.26M), Malaysia ($633k), Indonesia ($543k), United States ($501k), and Trinidad and Tobago ($311k).

The fastest growing import markets in Margarine for Barbados between 2021 and 2022 were Malaysia ($365k), Argentina ($255k), and United States ($190k).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Margarine. 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

Trade Balance

Color
EXPORTS (2022)$12.3M
IMPORTS (2022)$6.85M
NET TRADE (2022)$5.42M

In 2022, Barbados exported $12.3M in Margarine. The main destinations of Barbados exports on Margarine were Trinidad and Tobago ($5.19M), Saint Lucia ($2.42M), Guyana ($983k), Saint Vincent and the Grenadines ($970k), and Dominica ($718k).

In 2022, Barbados imported $6.85M in Margarine, mainly from Sweden ($4.26M), Malaysia ($633k), Indonesia ($543k), United States ($501k), and Trinidad and Tobago ($311k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Margarine EXPORT MARKETS FOR Barbados WERE (2021 - 2022):
Saint Lucia$415k (20.7%)
Grenada$208k (61.7%)
Dominica$204k (39.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Margarine BY Barbados WERE (2021 - 2022):
Saint Vincent and the Grenadines-$127k (-11.6%)
Jamaica-$89.9k (-21.9%)
Antigua and Barbuda-$44.6k (-6.19%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Barbados's main exporting competitors in Margarine were:
Indonesia $1.98B
Belgium $849M
Netherlands $805M
In 2022, Barbados's main importing competitors in Margarine were:
China $1.33B
France $570M
Germany $519M

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Trade Value of Margarine by Exporters

Potential Exports

Potential Exports

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N/A
N/AN/A
N/AN/A

Margarine’s highest export potential is N/A. With an export gap of N/A.   Margarine’s highest import potential is N/A with an import gap of N/A.

See methodology.

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