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Exports In 2023, Barbados exported $46.5M in Refined Petroleum, making it the 122nd largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most exported product in Barbados. The main destination of Refined Petroleum exports from Barbados are: Jamaica ($29.9M), United States ($10.1M), United Kingdom ($4.73M), Dominica ($1.44M), and Saudi Arabia ($95.7k).

The fastest growing export markets for Refined Petroleum of Barbados between 2022 and 2023 were Jamaica ($28.6M), United States ($10.1M), and United Kingdom ($4.73M).

Imports In 2023, Barbados imported $551M in Refined Petroleum, becoming the 134th 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 ($348M), Netherlands ($105M), United States ($28.7M), Jamaica ($22.5M), and Cayman Islands ($13.3M).

The fastest growing import markets in Refined Petroleum for Barbados between 2022 and 2023 were Trinidad and Tobago ($110M), Netherlands ($33.3M), and Cayman Islands ($12.5M).

Latest Trends

Dec 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 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

Trade Balance

Color
EXPORTS (2023)$46.5M
IMPORTS (2023)$551M
NET TRADE (2023)-$505M

In 2023, Barbados exported $46.5M in Refined Petroleum. The main destinations of Barbados exports on Refined Petroleum were Jamaica ($29.9M), United States ($10.1M), United Kingdom ($4.73M), Dominica ($1.44M), and Saudi Arabia ($95.7k).

In 2023, Barbados imported $551M in Refined Petroleum, mainly from Trinidad and Tobago ($348M), Netherlands ($105M), United States ($28.7M), Jamaica ($22.5M), and Cayman Islands ($13.3M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Barbados WERE (2022 - 2023):
Jamaica$28.6M (2.21k%)
United States$10.1M (5.23M%)
United Kingdom$4.73M (67.6M%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Barbados WERE (2022 - 2023):
United Arab Emirates-$11.6k (-81.1%)
Colombia-$5.93k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Type
In 2023, Barbados's main exporting competitors in Refined Petroleum were:
In 2023, Barbados's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

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

See methodology.

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