2022
Exports
$28MWorld Rnk 155 / 216
Flag Rnk 2 / 90
2022
PRODUCT COMPLEXITY IN Mineral fuels, mineral oils and products of their distillation
0.48Rnk 371 / 1025
2022
Imports
$415MWorld Rnk 150 / 225
Flag Rnk 1 / 96

About

Exports In 2022, Barbados exported $28M in Mineral fuels, mineral oils and products of their distillation, making it the 155th largest exporter of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 2nd most exported product in Barbados. The main destination of Mineral fuels, mineral oils and products of their distillation exports from Barbados are: Jamaica ($14.7M), Trinidad and Tobago ($8.55M), Guyana ($3.56M), Colombia ($555k), and Antigua and Barbuda ($399k).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation of Barbados between 2021 and 2022 were Trinidad and Tobago ($6.78M), Colombia ($555k), and Antigua and Barbuda ($61.8k).

Imports In 2022, Barbados imported $415M in Mineral fuels, mineral oils and products of their distillation, becoming the 150th largest importer of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 1st most imported product in Barbados. Barbados imports Mineral fuels, mineral oils and products of their distillation primarily from: United States ($236M), Trinidad and Tobago ($41.7M), Netherlands ($36M), Bahamas ($29.9M), and Brazil ($13.2M).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation for Barbados between 2021 and 2022 were United States ($41.3M), Bahamas ($29.9M), and Netherlands ($19.1M).

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 Mineral fuels, mineral oils and products of their distillation. 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)$28M
IMPORTS (2022)$415M
NET TRADE (2022)-$387M

In 2022, Barbados exported $28M in Mineral fuels, mineral oils and products of their distillation. The main destinations of Barbados exports on Mineral fuels, mineral oils and products of their distillation were Jamaica ($14.7M), Trinidad and Tobago ($8.55M), Guyana ($3.56M), Colombia ($555k), and Antigua and Barbuda ($399k).

In 2022, Barbados imported $415M in Mineral fuels, mineral oils and products of their distillation, mainly from United States ($236M), Trinidad and Tobago ($41.7M), Netherlands ($36M), Bahamas ($29.9M), and Brazil ($13.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Mineral fuels, mineral oils and products of their distillation EXPORT MARKETS FOR Barbados WERE (2021 - 2022):
Trinidad and Tobago$6.78M (383%)
Colombia$555k (1%)
Antigua and Barbuda$61.8k (18.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral fuels, mineral oils and products of their distillation BY Barbados WERE (2021 - 2022):
Jamaica-$3.26M (-18.2%)
Guyana-$416k (-10.5%)
Cayman Islands-$380k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Barbados's main exporting competitors in Mineral fuels, mineral oils and products of their distillation were:
In 2022, Barbados's main importing competitors in Mineral fuels, mineral oils and products of their distillation were:

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Trade Value of Mineral fuels, mineral oils and products of their distillation by Exporters

Potential Exports

Potential Exports

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N/A
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Mineral fuels, mineral oils and products of their distillation’s highest export potential is N/A. With an export gap of N/A.   Mineral fuels, mineral oils and products of their distillation’s highest import potential is N/A with an import gap of N/A.

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