Barbados

Barbados ranked No. 111 in total trade value through April with a total of $176.96 million. Exports totaled $162.31 million and Imports totaled $14.64 million, a surplus of $147.67 million.

U.S. trade with Barbados rose to $148.7 million through March

Barbados’s trade with the United States rose to $148.7 million through the first three months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 7.12 percent below its total trade during the same time period last year. U.S. exports to Barbados decreased 8.8 percent while U.S. imports from Barbados rose 14.26 percent. The U.S. surplus with Barbados was $122.1 million.

Through March, 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 Port of New Orleans; and No. 5 Low-Valued Imports and Exports. During the same period the previous year, the top five 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.. In the current time period, the top five accounted for 63.29 percent of Barbados’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port Everglades, Fla. rose 3.66 percent to $24.21 million.
    Exports rose 3.84 percent to $24.2 million. Imports fell 86.32 percent to $6,525.
  • Trade with No. 2 Port of Palm Beach, Fla. rose 3.05 percent to $23.06 million.
    Exports rose 8.64 percent to $22.83 million. Imports fell 82.87 percent to $234,325.
  • Trade with No. 3 Port Miami rose 35.06 percent to $21.35 million.
    Exports rose 37.33 percent to $20.89 million. Imports fell 22.69 percent to $461,327.
  • Trade with No. 4 Port of New Orleans rose 30.09 percent to $14.59 million.
    Exports rose 29.78 percent to $13.79 million. Imports rose 35.67 percent to $802,870.
  • Trade with No. 5 Low-Valued Imports and Exports rose 0.42 percent to $10.9 million.
    Exports rose 0.42 percent to $10.9 million. There were no imports.

Barbados ranked No. 110 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 $964.77 billion, down 4.16 percent compared to the same period last year. The nation’s exports dropped 3.07 percent to $395.69 billion; imports dropped 4.91 percent to $569.09 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 $173.4 billion, down compared to the same period of last year when the deficit was $190.25 billion.

The top five U.S. exports to Barbados by value through March were the categories of Gasoline, other fuels; Low value shipments; Computers; Soybeans; and Jewelry, parts, respectively. They accounted for 28.28 percent of total exports to Barbados.

The value of the top five categories of U.S. imports from Barbados –– Cane, beet sugar, solid form; Rum, gin, vodka, other liquors; Value added to a returned import; Electrical resistors, except heating resistors; and Orthopedic appliances, artificial body parts –– accounted for 78.89 percent of all inbound shipments.

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

  • Gasoline, other fuels fell 59.49 percent compared to last year to $16.82 million.
  • Low value shipments rose 0.42 percent compared to last year to $10.9 million.
  • Computers rose 46.71 percent compared to last year to $3.96 million.
  • Soybeans rose 119.69 percent compared to last year to $3.4 million.
  • Jewelry, parts fell 14.98 percent compared to last year to $3.22 million.

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

  • Cane, beet sugar, solid form totaled $3.32 million. The previous year, there were no imports in this category.
  • Rum, gin, vodka, other liquors fell 39.47 percent compared to last year to $3.07 million.
  • Value added to a returned import rose 33.67 percent compared to last year to $2.43 million.
  • Electrical resistors, except heating resistors fell 31.26 percent compared to last year to $850,286.
  • Orthopedic appliances, artificial body parts rose 3.69 percent compared to last year to $821,390.

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.