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Exports In 2022, Barbados exported $1.2M in Refined Petroleum, making it the 162nd largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 54th most exported product in Barbados. The main destination of Refined Petroleum exports from Barbados are: Jamaica ($1.17M), United Arab Emirates ($12.6k), Colombia ($5.37k), Bermuda ($5.31k), and Saint Vincent and the Grenadines ($1.38k).

The fastest growing export markets for Refined Petroleum of Barbados between 2021 and 2022 were United Arab Emirates ($12.6k), Colombia ($5.37k), and Bermuda ($4.1k).

Imports In 2022, Barbados imported $388M in Refined Petroleum, becoming the 141st 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 ($224M), Trinidad and Tobago ($37.5M), Netherlands ($36M), Bahamas ($29.9M), and Brazil ($13.2M).

The fastest growing import markets in Refined Petroleum for Barbados between 2021 and 2022 were United States ($39M), Bahamas ($29.9M), and Netherlands ($19.1M).

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 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 (2022)$1.2M
IMPORTS (2022)$388M
NET TRADE (2022)-$387M

In 2022, Barbados exported $1.2M in Refined Petroleum. The main destinations of Barbados exports on Refined Petroleum were Jamaica ($1.17M), United Arab Emirates ($12.6k), Colombia ($5.37k), Bermuda ($5.31k), and Saint Vincent and the Grenadines ($1.38k).

In 2022, Barbados imported $388M in Refined Petroleum, mainly from United States ($224M), Trinidad and Tobago ($37.5M), Netherlands ($36M), Bahamas ($29.9M), and Brazil ($13.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Barbados WERE (2021 - 2022):
Colombia$5.37k (1%)
Bermuda$4.1k (340%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Barbados WERE (2021 - 2022):
Jamaica-$10.5M (-90%)
Suriname-$16.2k (-100%)
Dominica-$2.62k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
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In 2022, Barbados's main exporting competitors in Refined Petroleum were:
In 2022, 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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N/A
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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.

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