HS Icon Refined Petroleum in  Flag Barbados

2020
Exports | Imports
: $73k | $240M, World Rnk 174 / 212
Flag Rnk 184 / 678 | World Rnk 129 / 224
Flag Rnk 1 / 1108

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $7.22k | $3.45M, Bermuda |  Saint Lucia

2020
PRODUCT COMPLEXITY  IN Refined Petroleum
: -0.94, Rnk 822 / 1029

Exports In 2020, Barbados exported $73k in Refined Petroleum, making it the 174th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 184th most exported product in Barbados. The main destination of Refined Petroleum exports from Barbados are: Grenada ($51.3k), Bermuda ($15.9k), Saint Lucia ($2.07k), Bahamas ($1.45k), and Saint Vincent and the Grenadines ($1.12k).

The fastest growing export markets for Refined Petroleum of Barbados between 2019 and 2020 were Bermuda ($7.22k), Saint Lucia ($2.07k), and Bahamas ($1.45k).

Imports In 2020, Barbados imported $240M in Refined Petroleum, becoming the 129th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Barbados. Barbados imports Refined Petroleum primarily from: Trinidad and Tobago ($108M), United States ($79.9M), Netherlands ($31.8M), Saint Lucia ($3.87M), and France ($3.3M).

The fastest growing import markets in Refined Petroleum for Barbados between 2019 and 2020 were Saint Lucia ($3.45M), France ($2.89M), and Suriname ($2.3M).

Tariffs In 2013, the average tariff for Barbados in Refined Petroleum was 5.11%. The countries with the highest import tariffs for Refined Petroleum were Cyprus (Most Favoured Nation duty rate treatement, 5.43%), Austria (Most Favoured Nation duty rate treatement, 5.43%), Belgium (Most Favoured Nation duty rate treatement, 5.43%), Bulgaria (Most Favoured Nation duty rate treatement, 5.43%), and Czechia (Most Favoured Nation duty rate treatement, 5.43%).

Subnational Monthly Trade

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The following visualization shows the latest trends on Refined Petroleum. 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

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EXPORTS (2020): $73k

IMPORTS (2020): $240M

NET TRADE (2020): -$240M

In 2020, Barbados exported $73k in Refined Petroleum. The main destinations of Barbados exports on Refined Petroleum were Grenada ($51.3k), Bermuda ($15.9k), Saint Lucia ($2.07k), Bahamas ($1.45k), and Saint Vincent and the Grenadines ($1.12k).

In 2020, Barbados imported $240M in Refined Petroleum, mainly from Trinidad and Tobago ($108M), United States ($79.9M), Netherlands ($31.8M), Saint Lucia ($3.87M), and France ($3.3M).

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THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Barbados WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Barbados WERE (2019 - 2020):

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Market Concentration

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In 2020, Barbados's main exporting competitors in Refined Petroleum were:

In 2020, Barbados's main importing competitors in Refined Petroleum were:

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