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Exports In 2023, Barbados exported $27.3M in Pharmaceutical products, making it the 94th 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: Trinidad and Tobago ($4.43M), Jamaica ($4.36M), Saint Lucia ($2.97M), Grenada ($2.62M), and Antigua and Barbuda ($2.41M).

The fastest growing export markets for Pharmaceutical products of Barbados between 2022 and 2023 were Trinidad and Tobago ($1.41M), Jamaica ($646k), and Saint Lucia ($625k).

Imports In 2023, Barbados imported $46.9M in Pharmaceutical products, becoming the 160th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 11th most imported product in Barbados. Barbados imports Pharmaceutical products primarily from: Panama ($23.6M), United States ($8.24M), India ($3.17M), United Kingdom ($2.49M), and Canada ($1.26M).

The fastest growing import markets in Pharmaceutical products for Barbados between 2022 and 2023 were Panama ($2.42M), Ireland ($337k), and India ($285k).

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 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 (2023)$27.3M
IMPORTS (2023)$46.9M
NET TRADE (2023)-$19.6M

In 2023, Barbados exported $27.3M in Pharmaceutical products. The main destinations of Barbados exports on Pharmaceutical products were Trinidad and Tobago ($4.43M), Jamaica ($4.36M), Saint Lucia ($2.97M), Grenada ($2.62M), and Antigua and Barbuda ($2.41M).

In 2023, Barbados imported $46.9M in Pharmaceutical products, mainly from Panama ($23.6M), United States ($8.24M), India ($3.17M), United Kingdom ($2.49M), and Canada ($1.26M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Barbados WERE (2022 - 2023):
Trinidad and Tobago$1.41M (46.6%)
Jamaica$646k (17.4%)
Saint Lucia$625k (26.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Barbados WERE (2022 - 2023):
Antigua and Barbuda-$223k (-8.47%)
British Virgin Islands-$113k (-9.34%)
Aruba-$70k (-26.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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In 2023, Barbados's main exporting competitors in Pharmaceutical products were:
In 2023, 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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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.

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