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Barbados

Barbados ranked No. 114 in total trade value through August with a total of $402.34 million. Exports totaled $372.84 million and Imports totaled $29.5 million, a surplus of $343.35 million.

January – August 2019

Top Trading Ports

Total Trade: $402.34 million

RankPortTotal YTD
1Port Everglades, Fla. $61,266,985
2Port of Palm Beach, Fla. $57,523,031
3Christiansted Port Terminal, U.S. Virgin Islands $49,771,763
4Port Miami $45,092,997
5Port of Fajardo, P.R. $43,859,980
6Low-Valued Imports and Exports $28,417,997
7Port of New Orleans $26,403,610
8Miami International Airport $24,696,320
9Port of New York $15,068,164
10Port of Savannah, Ga. $6,473,980

U.S. trade with Barbados rose to $402.34 million through August

Barbados’s trade with the United States rose to $402.34 million through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 6.13 percent above its total trade during the same time period last year. U.S. exports to Barbados increased 8.11 percent while U.S. imports from Barbados fell 13.82 percent. The U.S. surplus with Barbados was $343.35 million.

Through August, the top five among the nation’s airports, seaports and border crossings were No. 1 Port Everglades, Fla.; No. 2 Port of Palm Beach, Fla.; No. 3 Christiansted Port Terminal, U.S. Virgin Islands; No. 4 Port Miami; and No. 5 Port of Fajardo, P.R.. During the same period the previous year, the top five were No. 1 Port Everglades, Fla. No. 2 Port of Fajardo, P.R. No. 3 Port Miami No. 4 Port of Palm Beach, Fla. and No. 5 Miami International Airport. In the current time period, the top five accounted for 64 percent of Barbados’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port Everglades, Fla. fell 4.8 percent to $61.27 million.
    Exports fell 4.73 percent to $61.2 million. Imports fell 42.47 percent to $62,363.
  • Trade with No. 2 Port of Palm Beach, Fla. rose 9.44 percent to $57.52 million.
    Exports rose 11.17 percent to $54.62 million. Imports fell 15.39 percent to $2.9 million.
  • Trade with No. 3 Christiansted Port Terminal, U.S. Virgin Islands rose 937.47 percent to $49.77 million.
    Exports rose 940.66 percent to $49.77 million. There were no imports.
  • Trade with No. 4 Port Miami fell 15.38 percent to $45.09 million.
    Exports fell 15.9 percent to $43.6 million. Imports rose 3.3 percent to $1.49 million.
  • Trade with No. 5 Port of Fajardo, P.R. fell 29.52 percent to $43.86 million.
    Exports fell 29.52 percent to $43.86 million. There were no imports.

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. 119.

Meanwhile, total U.S. trade with the world increased to $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Barbados by value through August were the categories of Gasoline, other fuels; Low value shipments; Jewelry, parts; Computers; and Cell phones, related equipment, respectively. They accounted for 39.8 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; Orthopedic appliances, artificial body parts; and Medical technology –– accounted for 79.59 percent of all inbound shipments.

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

  • Gasoline, other fuels rose 38.4 percent compared to last year to $95.74 million.
  • Low value shipments rose 17.16 percent compared to last year to $28.42 million.
  • Jewelry, parts rose 13.39 percent compared to last year to $8.94 million.
  • Computers rose 10.34 percent compared to last year to $8.31 million.
  • Cell phones, related equipment rose 31.61 percent compared to last year to $6.98 million.

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

  • Rum, gin, vodka, other liquors fell 10.43 percent compared to last year to $12.76 million.
  • Value added to a returned import fell 4.26 percent compared to last year to $3.92 million.
  • Electrical resistors, except heating resistors fell 19.93 percent compared to last year to $2.79 million.
  • Orthopedic appliances, artificial body parts fell 20.68 percent compared to last year to $2.16 million.
  • Medical technology rose 7.07 percent compared to last year to $1.85 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.