Fastest-Growing Barbadian Export Products

Barbados boardwalk

Barbadian boardwalk

Six of the 15 fastest-growing Barbadian export products posted a gain in value exceeding 500% from 2010 to 2014. Increases range from 600% for artificial flowers and hair to 11,315% for oil shipments.

Overall, Barbadian exports rose 53.3% over the 5-year period.

Please note that this analysis is at the 2-digit Harmonized Tariff System code level, which is better for looking at trends as opposed to uncovering opportunities at the more micro 4, 6 or 8-digit code level.

Fastest-Growing Barbadian Export Products

Listed below in descending order are the fastest-growing Barbadian export products sorted by the percentage increase in a product category’s value from 2010 to 2014. Also shown is each category’s dollar value in 2014.

  1. Oil: Up by 11,315% (US$144.3 million)
  2. Knitted or crocheted fabric: Up by 3,300% ($34,000)
  3. Ships, boats: Up by 788% ($5.9 million)
  4. Copper: Up by 760% ($43,000)
  5. Railway, tram equipment: Up by 633.3% ($22,000)
  6. Artificial flowers, hair: Up by 600% ($21,000)
  7. Woodpulp: Up by 453.2% ($343,000)
  8. Leather, animal gut articles: Up by 372.3% ($4.4 million)
  9. Vegetable/fruit preparations: Up by 303.3% ($4.5 million)
  10. Coffee, tea and spices: Up by 300% ($60,000)
  11. Stone, plaster, cement: Up by 224.3% ($1.2 million)
  12. Rubber: Up by 209.4% ($860,000)
  13. Food waste, animal fodder: Up by 201.9% ($483,000)
  14. Headgear: Up by 120.4% ($324,000)
  15. Arms, ammunition: Up by 118.8% ($70,000)

 
Refined oil was the major driver behind the oil category’s first-place finish.

Sales of fabrics wider than 30 centimeters was the top gainer for the second-place knitted or crocheted fabric category.

Light vessels, fire-floats and floating cranes led the ships and boats category to its third-place finish.

Copper tubing, pipes and fittings also posted significant sales increases for Barbadian exporters.

See also Barbados Top 10 Exports, America’s Top Import Partners and Refined Oil Exports by Country

Research Sources:
The World Factbook, Field Listing: Exports, Central Intelligence Agency. Accessed on September 17, 2015

Trade Map, International Trade Centre, www.intracen.org/marketanalysis. Accessed on September 17, 2015