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Barbados

Barbados ranked No. 111 in total trade value through February with a total of $105.61 million. Exports totaled $98.24 million and Imports totaled $7.37 million, a surplus of $90.87 million.

January – February 2019

Top Trading Ports

Total Trade: $105.61 million

RankPortTotal YTD
1Christiansted Port Terminal, U.S. Virgin Islands $20,855,339
2Port Everglades, Fla. $15,249,251
3Port of Palm Beach, Fla. $13,990,877
4Port Miami $11,223,086
5Port of Fajardo, P.R. $11,005,584
6Low-Valued Imports and Exports $6,788,256
7Miami International Airport $6,695,745
8Port of New Orleans $5,041,369
9Port of New York $3,927,596
10Port of Savannah, Ga. $1,302,125

U.S. trade with Barbados rose to $105.61 million through February

Barbados’s trade with the United States rose to $105.61 million through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 12.37 percent above its total trade during the same time period last year. Barbados’s exports increased 14.57 percent while imports fell 10.52 percent. The U.S. surplus with Barbados was $90.87 million.

Through February, the top five among the nation’s airports, seaports and border crossings were No. 1 Christiansted Port Terminal, U.S. Virgin Islands; No. 2 Port Everglades, Fla.; No. 3 Port of Palm Beach, Fla.; 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 Miami No. 3 Port of Palm Beach, Fla. No. 4 Port of Fajardo, P.R. and No. 5 Port of New Orleans. In the current time period, the top five accounted for 68.48 percent of Barbados’s U.S. trade.

Among those top five:

  • Trade with No. 1 Christiansted Port Terminal, U.S. Virgin Islands rose 336.06 percent to $20.86 million.
    Exports rose 336.06 percent to $20.86 million. There were no imports.
  • Trade with No. 2 Port Everglades, Fla. fell 5.44 percent to $15.25 million.
    Exports fell 5.6 percent to $15.22 million. Imports totaled $26,010.
  • Trade with No. 3 Port of Palm Beach, Fla. fell 1.08 percent to $13.99 million.
    Exports rose 0.02 percent to $13.23 million. Imports fell 16.98 percent to $765,053.
  • Trade with No. 4 Port Miami fell 24.93 percent to $11.22 million.
    Exports fell 26.25 percent to $10.83 million. Imports rose 48.85 percent to $390,777.
  • Trade with No. 5 Port of Fajardo, P.R. rose 27.46 percent to $11.01 million.
    Exports rose 27.46 percent to $11.01 million. There were no imports.

Barbados ranked No. 111 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 114.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Barbados by value through February were the categories of Gasoline, other fuels; Low value shipments; Jewelry, parts; Cell phones, related equipment; and Computers, respectively. They accounted for 46.57 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 83.47 percent of all inbound shipments.

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

  • Gasoline, other fuels rose 130.78 percent compared to last year to $32.41 million.
  • Low value shipments rose 10.17 percent compared to last year to $6.79 million.
  • Jewelry, parts fell 14.46 percent compared to last year to $2.76 million.
  • Cell phones, related equipment rose 148.72 percent compared to last year to $2.17 million.
  • Computers fell 12.69 percent compared to last year to $1.62 million.

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

  • Rum, gin, vodka, other liquors fell 3.29 percent compared to last year to $3.26 million.
  • Value added to a returned import fell 21.07 percent compared to last year to $1.22 million.
  • Electrical resistors, except heating resistors rose 0.21 percent compared to last year to $776,529.
  • Orthopedic appliances, artificial body parts rose 31.24 percent compared to last year to $485,085.
  • Medical technology rose 9.95 percent compared to last year to $412,453.

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.