Barbados

Barbados ranked No. 109 in total trade value through May with a total of $224.84 million. Exports totaled $207.64 million and Imports totaled $17.2 million, a surplus of $190.44 million.

U.S. trade with Barbados rose to $176.96 million through May

Barbados’s trade with the United States rose to $176.96 million through the first five months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 14.9 percent below its total trade during the same time period last year. U.S. exports to Barbados decreased 15.41 percent while U.S. imports from Barbados fell 8.73 percent. The U.S. surplus with Barbados was $147.67 million.

Through May, 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 Port Miami; No. 4 Miami Int’l Airport; and No. 5 Low-Valued Imports and Exports. During the same period the previous year, the top five 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 of Fajardo, P.R. and No. 5 Port Miami. In the current time period, the top five accounted for 60.02 percent of Barbados’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port Everglades, Fla. fell 13.94 percent to $33.39 million.
    Exports fell 13.83 percent to $33.38 million. Imports fell 88.46 percent to $6,525.
  • Trade with No. 2 Port of Palm Beach, Fla. fell 12.47 percent to $33.2 million.
    Exports fell 8.67 percent to $32.77 million. Imports fell 79.29 percent to $422,783.
  • Trade with No. 3 Port Miami rose 9.99 percent to $30.85 million.
    Exports rose 10.67 percent to $29.98 million. Imports fell 9.37 percent to $865,899.
  • Trade with No. 4 Miami Int’l Airport rose 18.59 percent to $20.21 million.
    Exports rose 31.19 percent to $18.18 million. Imports fell 36.35 percent to $2.02 million.
  • Trade with No. 5 Low-Valued Imports and Exports fell 4.92 percent to $17.3 million.
    Exports fell 4.92 percent to $17.3 million. There were no imports.

Barbados ranked No. 109 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 109.

Meanwhile, total U.S. trade with the world increased to $1.48 trillion, down 64.27 percent compared to the same period last year. The nation’s exports dropped 64.62 percent to $582.11 billion; imports dropped 64.04 percent to $898.44 billion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $316.33 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Barbados by value through May were the categories of Gasoline, other fuels; Low value shipments; Computers; Medical instruments; and Soybeans, respectively. They accounted for 32.67 percent of total exports to Barbados.

The value of the top five categories of U.S. imports from Barbados –– Rum, gin, vodka, other liquors; Cane, beet sugar, solid form; Returned exports, without change; Electrical resistors, except heating resistors; and Medical technology –– accounted for 77.98 percent of all inbound shipments.

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

  • Gasoline, other fuels fell 49.05 percent compared to last year to $35.52 million.
  • Low value shipments fell 4.92 percent compared to last year to $17.3 million.
  • Computers rose 29.56 percent compared to last year to $6.98 million.
  • Medical instruments rose 96.27 percent compared to last year to $4.64 million.
  • Soybeans rose 40.73 percent compared to last year to $3.4 million.

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

  • Rum, gin, vodka, other liquors fell 37.98 percent compared to last year to $5.27 million.
  • Cane, beet sugar, solid form totaled $3.32 million. The previous year, there were no imports in this category.
  • Returned exports, without change fell 13.95 percent compared to last year to $2.51 million.
  • Electrical resistors, except heating resistors fell 32.32 percent compared to last year to $1.38 million.
  • Medical technology fell 20.25 percent compared to last year to $930,396.

In the latest annual figures available, Barbados recorded $610.37 million in trade with the United States. Total U.S. exports to Barbados were $ 568.65 million and imports from Barbados were $41.72 million. The U.S. surplus with Barbados was $526.93 million.