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2023
Exports $10.4MWorld Rnk 90 / 150
Flag Rnk 9 / 726
2023
Destination $94 Jamaica
2022 - 2023
FASTEST GROWING MARKET $94Sweden
2023
PRODUCT COMPLEXITY IN Crude Petroleum-2.37Rnk 1015 / 1025
2023
Imports $93.4MWorld Rnk 73 / 159
Flag Rnk 2 / 1100
2023
Origin $93.4MN/A
2022 - 2023
FASTEST GROWING ORIGIN $93.4MGuyana

About

Exports In 2023, Barbados exported $10.4M in Crude Petroleum, making it the 90th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 9th most exported product in Barbados. The main destination of Crude Petroleum exports from Barbados are: Jamaica ($10.4M) and Sweden ($94).

The fastest growing export markets for Crude Petroleum of Barbados between 2022 and 2023 were Sweden ($94).

Imports In 2023, Barbados imported $93.4M in Crude Petroleum, becoming the 73rd largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 2nd most imported product in Barbados. Barbados imports Crude Petroleum primarily from: N/A.

The fastest growing import markets in Crude Petroleum for Barbados between N/A and 2023 were Guyana ($93.4M).

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 Crude 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)$10.4M
IMPORTS (2023)$93.4M
NET TRADE (2023)-$83M

In 2023, Barbados exported $10.4M in Crude Petroleum. The main destinations of Barbados exports on Crude Petroleum were Jamaica ($10.4M) and Sweden ($94).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Barbados WERE (2022 - 2023):Sweden$94 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Barbados WERE (2022 - 2023):Jamaica-$2.05M (-16.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Barbados's main exporting competitors in Crude Petroleum were:
Saudi Arabia $181B
United States $125B
Russia $122B
In 2023, Barbados's main importing competitors in Crude Petroleum were:
China $319B
United States $170B
India $140B

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
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N/A
N/AN/A
N/AN/A

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

See methodology.

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