HS Icon Vehicle Parts in  Flag Barbados

2019
Exports | Imports
: $416k | $11.1M, World Rnk 128 / 225
Flag Rnk 88 / 727 | World Rnk 156 / 225
Flag Rnk 19 / 1107

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $17.9k | $642k, Netherlands |  Brazil

2019
PRODUCT COMPLEXITY  IN Vehicle Parts
: 1.1, Rnk 141 / 1029

Exports In 2019, Barbados exported $416k in Vehicle Parts, making it the 128th largest exporter of Vehicle Parts in the world. At the same year, Vehicle Parts was the 88th most exported product in Barbados. The main destination of Vehicle Parts exports from Barbados are: Bermuda ($82.6k), Saint Lucia ($67.5k), Saint Vincent and the Grenadines ($62.4k), United States ($43k), and United Kingdom ($39.5k).

The fastest growing export markets for Vehicle Parts of Barbados between 2018 and 2019 were Netherlands ($17.9k), Saint Martin ($8.01k), and Germany ($7.12k).

Imports In 2019, Barbados imported $11.1M in Vehicle Parts, becoming the 156th largest importer of Vehicle Parts in the world. At the same year, Vehicle Parts was the 19th most imported product in Barbados. Barbados imports Vehicle Parts primarily from: United States ($3.03M), Japan ($1.58M), United Kingdom ($1.42M), Brazil ($968k), and China ($865k).

The fastest growing import markets in Vehicle Parts for Barbados between 2018 and 2019 were Brazil ($642k), Netherlands ($161k), and United Kingdom ($140k).

Tariffs In 2013, the average tariff for Barbados in Vehicle Parts was 19.2%. The countries with the highest import tariffs for Vehicle Parts were Cyprus (Most Favoured Nation duty rate treatement, 27.1%), Austria (Most Favoured Nation duty rate treatement, 27.1%), Belgium (Most Favoured Nation duty rate treatement, 27.1%), Bulgaria (Most Favoured Nation duty rate treatement, 27.1%), and Czechia (Most Favoured Nation duty rate treatement, 27.1%).

Historical Data

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EXPORTS (2019): $416k

IMPORTS (2019): $11.1M

NET TRADE (2019): -$10.7M

In 2019, Barbados exported $416k in Vehicle Parts. The main destinations of Barbados exports on Vehicle Parts were Bermuda ($82.6k), Saint Lucia ($67.5k), Saint Vincent and the Grenadines ($62.4k), United States ($43k), and United Kingdom ($39.5k).

In 2019, Barbados imported $11.1M in Vehicle Parts, mainly from United States ($3.03M), Japan ($1.58M), United Kingdom ($1.42M), Brazil ($968k), and China ($865k).

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IN 2019, Barbados HAD A POSITIVE NET TRADE IN Vehicle Parts WITH:

IN 2019, Barbados HAD A NEGATIVE NET TRADE IN Vehicle Parts WITH:

Flow

THE FASTEST GROWING Vehicle Parts EXPORT MARKETS FOR Barbados WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vehicle Parts BY Barbados WERE (2018 - 2019):

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Market Concentration

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Flow
Type

In 2019, Barbados's main exporting competitors in Vehicle Parts were:

In 2019, Barbados's main importing competitors in Vehicle Parts were:

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Tariffs by Country

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In 2013, the average tariff for Barbados in Vehicle Parts was 19.2%.

The countries with the highest tariffs for Vehicle Parts in Barbados were Cyprus (Most Favoured Nation duty rate treatement, 27.1%), Austria (Most Favoured Nation duty rate treatement, 27.1%), Belgium (Most Favoured Nation duty rate treatement, 27.1%), Bulgaria (Most Favoured Nation duty rate treatement, 27.1%), and Czechia (Most Favoured Nation duty rate treatement, 27.1%).