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Exports In 2022, Barbados exported $25.5M in Pharmaceutical products, making it the 96th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 3rd most exported product in Barbados. The main destination of Pharmaceutical products exports from Barbados are: Jamaica ($3.82M), Antigua and Barbuda ($3.45M), Trinidad and Tobago ($3.28M), Saint Vincent and the Grenadines ($2.63M), and Saint Lucia ($2.34M).

The fastest growing export markets for Pharmaceutical products of Barbados between 2021 and 2022 were Saint Vincent and the Grenadines ($765k), Jamaica ($731k), and Trinidad and Tobago ($582k).

Imports In 2022, Barbados imported $46M in Pharmaceutical products, becoming the 159th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 9th most imported product in Barbados. Barbados imports Pharmaceutical products primarily from: Panama ($21.2M), United States ($8.79M), United Kingdom ($3.1M), India ($2.89M), and Canada ($1.29M).

The fastest growing import markets in Pharmaceutical products for Barbados between 2021 and 2022 were Panama ($9.29M), India ($571k), and Costa Rica ($420k).

Latest Trends

Jul 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 Pharmaceutical products. 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)$25.5M
IMPORTS (2022)$46M
NET TRADE (2022)-$20.4M

In 2022, Barbados exported $25.5M in Pharmaceutical products. The main destinations of Barbados exports on Pharmaceutical products were Jamaica ($3.82M), Antigua and Barbuda ($3.45M), Trinidad and Tobago ($3.28M), Saint Vincent and the Grenadines ($2.63M), and Saint Lucia ($2.34M).

In 2022, Barbados imported $46M in Pharmaceutical products, mainly from Panama ($21.2M), United States ($8.79M), United Kingdom ($3.1M), India ($2.89M), and Canada ($1.29M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Barbados WERE (2021 - 2022):
Jamaica$731k (23.7%)
Trinidad and Tobago$582k (21.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Barbados WERE (2021 - 2022):
Saint Lucia-$589k (-20.1%)
Grenada-$406k (-15.7%)
Saint Kitts and Nevis-$197k (-15.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Barbados's main exporting competitors in Pharmaceutical products were:
In 2022, Barbados's main importing competitors in Pharmaceutical products were:

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

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

See methodology.

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