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Barbados

Barbados ranked No. 114 in total trade value through October with a total of $499.25 million. Exports totaled $453.09 million and Imports totaled $46.16 million, a surplus of $406.92 million.

January – October 2018

Top Trading Ports

Total Trade: $499.25 million

RankPortTotal YTD
1Port of Fajardo, P.R. $91,467,766
2Port Everglades, Fla. $79,716,746
3Port of Palm Beach, Fla. $65,281,218
4Port Miami $64,979,559
5Miami International Airport $35,238,953
6Port of New Orleans $34,858,956
7Low-Valued Imports and Exports $33,058,229
8Port of New York $18,605,890
9Christiansted Port Terminal, U.S. Virgin Islands $10,706,900
10Port of Houston $7,785,259

U.S. trade with Barbados rose to $499.25 million through October

Barbados’s trade with the United States rose to $499.25 million through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 6.46 percent above its total trade during the same time period last year. Barbados’s exports increased 6.06 percent while imports rose 10.5 percent. The U.S. surplus with Barbados was $406.92 million.

Through October, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Fajardo, P.R.; No. 2 Port Everglades, Fla.; No. 3 Port of Palm Beach, Fla.; No. 4 Port Miami; and No. 5 Miami International Airport. During the same period the previous year, the top five were No. 1 Port Everglades, Fla. No. 2 Port Miami No. 3 Port of Palm Beach, Fla. No. 4 Port of Fajardo, P.R. and No. 5 Miami International Airport. In the current time period, the top five accounted for 67.44 percent of Barbados’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Fajardo, P.R. rose 147.89 percent to $91.47 million.
    Exports rose 147.89 percent to $91.47 million. There were no imports.
  • Trade with No. 2 Port Everglades, Fla. fell 14.58 percent to $79.72 million.
    Exports fell 15 percent to $78.97 million. Imports rose 78.96 percent to $749,757.
  • Trade with No. 3 Port of Palm Beach, Fla. rose 12.3 percent to $65.28 million.
    Exports rose 12.38 percent to $61.17 million. Imports rose 11.12 percent to $4.11 million.
  • Trade with No. 4 Port Miami fell 7.41 percent to $64.98 million.
    Exports fell 7.94 percent to $63.07 million. Imports rose 13.85 percent to $1.91 million.
  • Trade with No. 5 Miami International Airport fell 4.44 percent to $35.24 million.
    Exports fell 11.33 percent to $26.09 million. Imports rose 22.76 percent to $9.15 million.

Barbados ranked No. 114 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 113.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Barbados by value through October were the categories of Gasoline, other fuels; Low value shipments; Computers; Jewelry, parts; and Soybeans, respectively. They accounted for 36.77 percent of total exports to Barbados.

The value of the top five categories of U.S. imports from Barbados –– Rum, gin, vodka, other liquors; Value added to a returned import; Electrical resistors, except heating resistors; Oil; and Orthopedic appliances, artificial body parts –– accounted for 74.79 percent of all inbound shipments.

Looking more closely at U.S. exports to Barbados:

  • Gasoline, other fuels rose 61.32 percent compared to last year to $104.77 million.
  • Low value shipments rose 0.07 percent compared to last year to $33.06 million.
  • Computers rose 1.03 percent compared to last year to $10.24 million.
  • Jewelry, parts rose 28.85 percent compared to last year to $9.8 million.
  • Soybeans rose 12.12 percent compared to last year to $8.73 million.

Looking more closely at U.S. imports from Barbados:

  • Rum, gin, vodka, other liquors fell 2.46 percent compared to last year to $17.87 million.
  • Value added to a returned import rose 12.9 percent compared to last year to $5.1 million.
  • Electrical resistors, except heating resistors rose 15.04 percent compared to last year to $4.47 million.
  • Oil totaled $3.84 million. The previous year, there were no imports in this category.
  • Orthopedic appliances, artificial body parts rose 2.27 percent compared to last year to $3.24 million.

In the latest annual figures available, Barbados recorded $568.34 million in trade with the United States. At year’s end, its were Miami; San Juan; New Orleans; Low Value Shipments; and New York City. Total U.S. exports to Barbados were $ 519.6 million and imports from Barbados were $48.75 million. The U.S. surplus with Barbados was $470.85 million.