2021
Exports | Imports
$11.7M | $331MWorld Rnk 134 / 218
Flag Rnk 7 / 728
World Rnk 138 / 226
Flag Rnk 1 / 1093
2021
PRODUCT COMPLEXITY IN Refined Petroleum
-0.99Rnk 831 / 1024

About

Exports In 2021, Barbados exported $11.7M in Refined Petroleum, making it the 134th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 7th most exported product in Barbados. The main destination of Refined Petroleum exports from Barbados are: Jamaica ($11.7M), Suriname ($16.1k), Dominica ($2.71k), Bermuda ($1.2k), and Saint Vincent and the Grenadines ($741).

The fastest growing export markets for Refined Petroleum of Barbados between 2020 and 2021 were Jamaica ($11.7M), Suriname ($16.1k), and Dominica ($2.71k).

Imports In 2021, Barbados imported $331M in Refined Petroleum, becoming the 138th 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: United States ($179M), Russia ($38.2M), Antigua and Barbuda ($34.9M), Trinidad and Tobago ($32.6M), and Netherlands ($16.2M).

The fastest growing import markets in Refined Petroleum for Barbados between 2020 and 2021 were United States ($99.4M), Russia ($38.2M), and Antigua and Barbuda ($34.9M).

Latest Trends

Dec 2023

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 (2021)$11.7M
IMPORTS (2021)$331M
NET TRADE (2021)-$319M

In 2021, Barbados exported $11.7M in Refined Petroleum. The main destinations of Barbados exports on Refined Petroleum were Jamaica ($11.7M), Suriname ($16.1k), Dominica ($2.71k), Bermuda ($1.2k), and Saint Vincent and the Grenadines ($741).

In 2021, Barbados imported $331M in Refined Petroleum, mainly from United States ($179M), Russia ($38.2M), Antigua and Barbuda ($34.9M), Trinidad and Tobago ($32.6M), and Netherlands ($16.2M).

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Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Barbados WERE (2020 - 2021):
Jamaica$11.7M (1%)
Suriname$16.1k (1%)
Dominica$2.71k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Barbados WERE (2020 - 2021):
Grenada-$50.7k (-99.8%)
Bermuda-$14.7k (-92.4%)
Saint Lucia-$2.07k (-100%)

Change in Exports by Market (2020 - 2021)

Market Concentration

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Flow
Type
In 2021, Barbados's main exporting competitors in Refined Petroleum were:
In 2021, Barbados's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

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