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Barbados

Barbados ranked No. 114 in total trade value through April with a total of $207.94 million. Exports totaled $191.89 million and Imports totaled $16.05 million, a surplus of $175.84 million.

January – April 2019

Top Trading Ports

Total Trade: $207.94 million

RankPortTotal YTD
1Christiansted Port Terminal, U.S. Virgin Islands $32,764,030
2Port Everglades, Fla. $31,313,761
3Port of Palm Beach, Fla. $29,385,294
4Port Miami $22,009,244
5Port of Fajardo, P.R. $18,993,384
6Miami International Airport $13,764,956
7Low-Valued Imports and Exports $13,650,275
8Port of New Orleans $12,493,369
9Port of New York $8,625,323
10Port of San Juan, Puerto Rico $3,662,273

U.S. trade with Barbados rose to $207.94 million through April

Barbados’s trade with the United States rose to $207.94 million through the first four months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 17.03 percent above its total trade during the same time period last year. U.S. exports to Barbados increased 19.45 percent while U.S. imports from Barbados fell 5.75 percent. The U.S. surplus with Barbados was $175.84 million.

Through April, 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 Miami International Airport and No. 5 Port of New Orleans. In the current time period, the top five accounted for 64.67 percent of Barbados’s U.S. trade.

Among those top five:

  • Trade with No. 1 Christiansted Port Terminal, U.S. Virgin Islands rose 582.95 percent to $32.76 million.
    Exports rose 585.05 percent to $32.76 million. There were no imports.
  • Trade with No. 2 Port Everglades, Fla. fell 6.26 percent to $31.31 million.
    Exports fell 6.42 percent to $31.26 million. Imports totaled $54,503.
  • Trade with No. 3 Port of Palm Beach, Fla. rose 6.55 percent to $29.39 million.
    Exports rose 7.31 percent to $27.66 million. Imports fell 4.23 percent to $1.72 million.
  • Trade with No. 4 Port Miami fell 23.13 percent to $22.01 million.
    Exports fell 24.14 percent to $21.3 million. Imports rose 28.35 percent to $708,907.
  • Trade with No. 5 Port of Fajardo, P.R. rose 67.72 percent to $18.99 million.
    Exports rose 67.72 percent to $18.99 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 $1.35 trillion, up 0.57 percent compared to the same period last year. The nation’s exports climbed 0.58 percent to $543.34 billion; imports climbed 0.56 percent to $807.48 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 $264.14 billion, up compared to the same period of last year when the deficit was $262.72 billion.

The top five U.S. exports to Barbados by value through April were the categories of Gasoline, other fuels; Low value shipments; Cell phones, related equipment; Jewelry, parts; and Computers, respectively. They accounted for 41.42 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 81.57 percent of all inbound shipments.

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

  • Gasoline, other fuels rose 201.79 percent compared to last year to $52.88 million.
  • Low value shipments rose 11.12 percent compared to last year to $13.65 million.
  • Cell phones, related equipment rose 92.42 percent compared to last year to $4.64 million.
  • Jewelry, parts fell 3.18 percent compared to last year to $4.52 million.
  • Computers fell 6.49 percent compared to last year to $3.79 million.

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

  • Rum, gin, vodka, other liquors rose 10.55 percent compared to last year to $7.33 million.
  • Value added to a returned import rose 0.32 percent compared to last year to $2.22 million.
  • Electrical resistors, except heating resistors rose 1.79 percent compared to last year to $1.68 million.
  • Orthopedic appliances, artificial body parts fell 23.98 percent compared to last year to $995,330.
  • Medical technology fell 4.78 percent compared to last year to $865,269.

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.