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Exports In 2023, Barbados exported $25.2M in Packaged Medicaments, making it the 92nd largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 3rd most exported product in Barbados. The main destination of Packaged Medicaments exports from Barbados are: Trinidad and Tobago ($4.43M), Jamaica ($4.35M), Saint Lucia ($2.64M), Grenada ($2.37M), and Antigua and Barbuda ($2.2M).

The fastest growing export markets for Packaged Medicaments of Barbados between 2022 and 2023 were Trinidad and Tobago ($1.41M), Jamaica ($635k), and Saint Lucia ($569k).

Imports In 2023, Barbados imported $42.6M in Packaged Medicaments, becoming the 153rd largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 5th most imported product in Barbados. Barbados imports Packaged Medicaments primarily from: Panama ($22.6M), United States ($7.12M), India ($2.63M), United Kingdom ($2.09M), and Canada ($1.16M).

The fastest growing import markets in Packaged Medicaments for Barbados between 2022 and 2023 were Panama ($2.32M), United States ($806k), and Ireland ($384k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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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 Packaged Medicaments. 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 (2023)$25.2M
IMPORTS (2023)$42.6M
NET TRADE (2023)-$17.4M

In 2023, Barbados exported $25.2M in Packaged Medicaments. The main destinations of Barbados exports on Packaged Medicaments were Trinidad and Tobago ($4.43M), Jamaica ($4.35M), Saint Lucia ($2.64M), Grenada ($2.37M), and Antigua and Barbuda ($2.2M).

In 2023, Barbados imported $42.6M in Packaged Medicaments, mainly from Panama ($22.6M), United States ($7.12M), India ($2.63M), United Kingdom ($2.09M), and Canada ($1.16M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Barbados WERE (2022 - 2023):
Trinidad and Tobago$1.41M (46.6%)
Jamaica$635k (17.1%)
Saint Lucia$569k (27.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Barbados WERE (2022 - 2023):
British Virgin Islands-$102k (-8.85%)
Aruba-$70k (-26.6%)
Anguilla-$67.1k (-24.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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In 2023, Barbados's main exporting competitors in Packaged Medicaments were:
In 2023, Barbados's main importing competitors in Packaged Medicaments were:

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

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

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