2022
Exports
$23.7MWorld Rnk 89 / 217
Flag Rnk 2 / 746
2022
PRODUCT COMPLEXITY IN Packaged Medicaments
0.67Rnk 291 / 1025
2022
Imports
$37.3MWorld Rnk 156 / 224
Flag Rnk 4 / 1102

About

Exports In 2022, Barbados exported $23.7M in Packaged Medicaments, making it the 89th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 2nd most exported product in Barbados. The main destination of Packaged Medicaments exports from Barbados are: Jamaica ($3.82M), Trinidad and Tobago ($3.28M), Antigua and Barbuda ($3.06M), Saint Vincent and the Grenadines ($2.31M), and Saint Lucia ($2.07M).

The fastest growing export markets for Packaged Medicaments of Barbados between 2021 and 2022 were Jamaica ($730k), Saint Vincent and the Grenadines ($690k), and Trinidad and Tobago ($583k).

Imports In 2022, Barbados imported $37.3M in Packaged Medicaments, becoming the 156th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 4th most imported product in Barbados. Barbados imports Packaged Medicaments primarily from: Panama ($20.3M), United States ($4.56M), United Kingdom ($2.52M), India ($2.39M), and Canada ($1.16M).

The fastest growing import markets in Packaged Medicaments for Barbados between 2021 and 2022 were Panama ($9.18M), India ($494k), and Italy ($131k).

Latest Trends

Aug 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 Packaged Medicaments. 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 (2022)$23.7M
IMPORTS (2022)$37.3M
NET TRADE (2022)-$13.5M

In 2022, Barbados exported $23.7M in Packaged Medicaments. The main destinations of Barbados exports on Packaged Medicaments were Jamaica ($3.82M), Trinidad and Tobago ($3.28M), Antigua and Barbuda ($3.06M), Saint Vincent and the Grenadines ($2.31M), and Saint Lucia ($2.07M).

In 2022, Barbados imported $37.3M in Packaged Medicaments, mainly from Panama ($20.3M), United States ($4.56M), United Kingdom ($2.52M), India ($2.39M), and Canada ($1.16M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Barbados WERE (2021 - 2022):
Jamaica$730k (23.6%)
Trinidad and Tobago$583k (21.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Barbados WERE (2021 - 2022):
Saint Lucia-$483k (-18.9%)
Grenada-$360k (-15.3%)
Guyana-$167k (-26.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Barbados's main exporting competitors in Packaged Medicaments were:
In 2022, Barbados's main importing competitors in Packaged Medicaments were:

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

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

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

See methodology.

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