Barbados Trade Statistics
BB: Export: Cost: Border Compliance
BB: Export: Cost: Border Compliance data was reported at 486.000 USD in 2019. This stayed constant from the previous number of 486.000 USD for 2018. BB: Export: Cost: Border Compliance data is updated yearly, averaging 486.000 USD from Dec 2014 (Median) to 2019, with 6 observations. The data reached an all-time high of 486.000 USD in 2019 and a record low of 486.000 USD in 2019. BB: Export: Cost: Border Compliance data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Barbados – Table BB.World Bank.WDI: Trade Statistics. Border compliance captures the time and cost associated with compliance with the economy’s customs regulations and with regulations relating to other inspections that are mandatory in order for the shipment to cross the economy’s border, as well as the time and cost for handling that takes place at its port or border. The time and cost for this segment include time and cost for customs clearance and inspection procedures conducted by other government agencies.;World Bank, Doing Business project (http://www.doingbusiness.org/). NOTE: Doing Business has been discontinued as of 9/16/2021. For more information: https://bit.ly/3CLCbme;Unweighted average;Insurance cost and informal payments for which no receipt is issued are excluded from the costs recorded. Costs are reported in U.S. dollars. Contributors are asked to convert local currency into U.S. dollars based on the exchange rate prevailing on the day they answer the questionnaire. Contributors are private sector experts in international trade logistics and are informed about exchange rates and their movements. Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 486.000 2019 | yearly | 2014 - 2019 |
View Barbados's BB: Export: Cost: Border Compliance from 2014 to 2019 in the chart:
BB: Export: Cost: Documentary Compliance
BB: Export: Cost: Documentary Compliance data was reported at 117.000 USD in 2019. This records an increase from the previous number of 108.846 USD for 2018. BB: Export: Cost: Documentary Compliance data is updated yearly, averaging 108.846 USD from Dec 2014 (Median) to 2019, with 6 observations. The data reached an all-time high of 117.000 USD in 2019 and a record low of 108.846 USD in 2018. BB: Export: Cost: Documentary Compliance data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Barbados – Table BB.World Bank.WDI: Trade Statistics. Documentary compliance captures the time and cost associated with compliance with the documentary requirements of all government agencies of the origin economy, the destination economy and any transit economies. The aim is to measure the total burden of preparing the bundle of documents that will enable completion of the international trade for the product and partner pair assumed in the case study.;World Bank, Doing Business project (http://www.doingbusiness.org/). NOTE: Doing Business has been discontinued as of 9/16/2021. For more information: https://bit.ly/3CLCbme;Unweighted average;Insurance cost and informal payments for which no receipt is issued are excluded from the costs recorded. Costs are reported in U.S. dollars. Contributors are asked to convert local currency into U.S. dollars based on the exchange rate prevailing on the day they answer the questionnaire. Contributors are private sector experts in international trade logistics and are informed about exchange rates and their movements. Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 117.000 2019 | yearly | 2014 - 2019 |
View Barbados's BB: Export: Cost: Documentary Compliance from 2014 to 2019 in the chart:
Barbados BB: Exports: Lead Time
BB: Exports: Lead Time data was reported at 9.000 Day in 2014. This stayed constant from the previous number of 9.000 Day for 2013. BB: Exports: Lead Time data is updated yearly, averaging 9.000 Day from Dec 2011 (Median) to 2014, with 4 observations. The data reached an all-time high of 9.000 Day in 2014 and a record low of 9.000 Day in 2014. BB: Exports: Lead Time data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Barbados – Table BB.World Bank.WDI: Trade Statistics. Time to export is the time necessary to comply with all procedures required to export goods. Time is recorded in calendar days. The time calculation for a procedure starts from the moment it is initiated and runs until it is completed. If a procedure can be accelerated for an additional cost, the fastest legal procedure is chosen. It is assumed that neither the exporter nor the importer wastes time and that each commits to completing each remaining procedure without delay. Procedures that can be completed in parallel are measured as simultaneous. The waiting time between procedures--for example, during unloading of the cargo--is included in the measure.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 9.000 2014 | yearly | 2011 - 2014 |
View Barbados's Barbados BB: Exports: Lead Time from 2011 to 2014 in the chart:
BB: Exports: Lead Time: Border Compliance
BB: Exports: Lead Time: Border Compliance data was reported at 41.385 Hour in 2019. This stayed constant from the previous number of 41.385 Hour for 2018. BB: Exports: Lead Time: Border Compliance data is updated yearly, averaging 41.385 Hour from Dec 2014 (Median) to 2019, with 6 observations. The data reached an all-time high of 41.385 Hour in 2019 and a record low of 41.385 Hour in 2019. BB: Exports: Lead Time: Border Compliance data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Barbados – Table BB.World Bank.WDI: Trade Statistics. Border compliance captures the time and cost associated with compliance with the economy’s customs regulations and with regulations relating to other inspections that are mandatory in order for the shipment to cross the economy’s border, as well as the time and cost for handling that takes place at its port or border. The time and cost for this segment include time and cost for customs clearance and inspection procedures conducted by other government agencies.;World Bank, Doing Business project (http://www.doingbusiness.org/). NOTE: Doing Business has been discontinued as of 9/16/2021. For more information: https://bit.ly/3CLCbme;Unweighted average;Time is measured in hours, and 1 day is 24 hours (for example, 22 days are recorded as 22 × 24 = 528 hours). If customs clearance takes 7.5 hours, the data are recorded as is. Alternatively, suppose that documents are submitted to a customs agency at 8:00 a.m., are processed overnight and can be picked up at 8:00 a.m. the next day. In this case the time for customs clearance would be recorded as 24 hours because the actual procedure took 24 hours. Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 41.385 2019 | yearly | 2014 - 2019 |
View Barbados's BB: Exports: Lead Time: Border Compliance from 2014 to 2019 in the chart:
BB: Exports: Lead Time: Documentary Compliance
BB: Exports: Lead Time: Documentary Compliance data was reported at 48.000 Hour in 2019. This records a decrease from the previous number of 53.538 Hour for 2018. BB: Exports: Lead Time: Documentary Compliance data is updated yearly, averaging 53.538 Hour from Dec 2014 (Median) to 2019, with 6 observations. The data reached an all-time high of 53.538 Hour in 2018 and a record low of 48.000 Hour in 2019. BB: Exports: Lead Time: Documentary Compliance data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Barbados – Table BB.World Bank.WDI: Trade Statistics. Documentary compliance captures the time and cost associated with compliance with the documentary requirements of all government agencies of the origin economy, the destination economy and any transit economies. The aim is to measure the total burden of preparing the bundle of documents that will enable completion of the international trade for the product and partner pair assumed in the case study.;World Bank, Doing Business project (http://www.doingbusiness.org/). NOTE: Doing Business has been discontinued as of 9/16/2021. For more information: https://bit.ly/3CLCbme;Unweighted average;Time is measured in hours, and 1 day is 24 hours (for example, 22 days are recorded as 22 × 24 = 528 hours). If customs clearance takes 7.5 hours, the data are recorded as is. Alternatively, suppose that documents are submitted to a customs agency at 8:00 a.m., are processed overnight and can be picked up at 8:00 a.m. the next day. In this case the time for customs clearance would be recorded as 24 hours because the actual procedure took 24 hours. Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 48.000 2019 | yearly | 2014 - 2019 |
View Barbados's BB: Exports: Lead Time: Documentary Compliance from 2014 to 2019 in the chart:
Barbados BB: Exports: fob: Local Currency: % Change
BB: Exports: fob: Local Currency: % Change data was reported at -21.557 % in Dec 2017. This records a decrease from the previous number of 12.637 % for Nov 2017. BB: Exports: fob: Local Currency: % Change data is updated monthly, averaging 6.812 % from Jan 1971 (Median) to Dec 2017, with 564 observations. The data reached an all-time high of 435.810 % in Oct 1975 and a record low of -78.264 % in Jan 1987. BB: Exports: fob: Local Currency: % Change data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Barbados – Table BB.IMF.IFS: Trade Statistics.
| Last | Frequency | Range |
|---|---|---|
| -21.557 Dec 2017 | monthly | Jan 1971 - Dec 2017 |
View Barbados's Barbados BB: Exports: fob: Local Currency: % Change from Jan 1971 to Dec 2017 in the chart:
Barbados BB: Exports: fob: Local Currency: % Change over Previous Period
BB: Exports: fob: Local Currency: % Change over Previous Period data was reported at -27.222 % in Dec 2017. This records a decrease from the previous number of 29.128 % for Nov 2017. BB: Exports: fob: Local Currency: % Change over Previous Period data is updated monthly, averaging 0.897 % from Feb 1970 (Median) to Dec 2017, with 575 observations. The data reached an all-time high of 417.528 % in Oct 1975 and a record low of -80.140 % in Jul 1970. BB: Exports: fob: Local Currency: % Change over Previous Period data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Barbados – Table BB.IMF.IFS: Trade Statistics.
| Last | Frequency | Range |
|---|---|---|
| -27.222 Dec 2017 | monthly | Feb 1970 - Dec 2017 |
View Barbados's Barbados BB: Exports: fob: Local Currency: % Change over Previous Period from Feb 1970 to Dec 2017 in the chart:
BB: Goods Trade: % of GDP
BB: Goods Trade: % of GDP data was reported at 40.322 % in 2023. This records a decrease from the previous number of 45.354 % for 2022. BB: Goods Trade: % of GDP data is updated yearly, averaging 49.680 % from Dec 1960 (Median) to 2023, with 64 observations. The data reached an all-time high of 103.362 % in 1966 and a record low of 36.536 % in 1992. BB: Goods Trade: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Barbados – Table BB.World Bank.WDI: Trade Statistics. Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. dollars.;World Trade Organization, and World Bank GDP estimates.;Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 40.322 2023 | yearly | 1960 - 2023 |
View Barbados's BB: Goods Trade: % of GDP from 1960 to 2023 in the chart:
BB: Import: Cost: Border Compliance
BB: Import: Cost: Border Compliance data was reported at 1,776.000 USD in 2019. This stayed constant from the previous number of 1,776.000 USD for 2018. BB: Import: Cost: Border Compliance data is updated yearly, averaging 1,776.000 USD from Dec 2014 (Median) to 2019, with 6 observations. The data reached an all-time high of 1,776.000 USD in 2019 and a record low of 1,776.000 USD in 2019. BB: Import: Cost: Border Compliance data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Barbados – Table BB.World Bank.WDI: Trade Statistics. Border compliance captures the time and cost associated with compliance with the economy’s customs regulations and with regulations relating to other inspections that are mandatory in order for the shipment to cross the economy’s border, as well as the time and cost for handling that takes place at its port or border. The time and cost for this segment include time and cost for customs clearance and inspection procedures conducted by other government agencies.;World Bank, Doing Business project (http://www.doingbusiness.org/). NOTE: Doing Business has been discontinued as of 9/16/2021. For more information: https://bit.ly/3CLCbme;Unweighted average;Insurance cost and informal payments for which no receipt is issued are excluded from the costs recorded. Costs are reported in U.S. dollars. Contributors are asked to convert local currency into U.S. dollars based on the exchange rate prevailing on the day they answer the questionnaire. Contributors are private sector experts in international trade logistics and are informed about exchange rates and their movements. Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 1,776.000 2019 | yearly | 2014 - 2019 |
View Barbados's BB: Import: Cost: Border Compliance from 2014 to 2019 in the chart:
BB: Import: Cost: Documentary Compliance
BB: Import: Cost: Documentary Compliance data was reported at 150.000 USD in 2019. This stayed constant from the previous number of 150.000 USD for 2018. BB: Import: Cost: Documentary Compliance data is updated yearly, averaging 150.000 USD from Dec 2014 (Median) to 2019, with 6 observations. The data reached an all-time high of 150.000 USD in 2019 and a record low of 150.000 USD in 2019. BB: Import: Cost: Documentary Compliance data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Barbados – Table BB.World Bank.WDI: Trade Statistics. Documentary compliance captures the time and cost associated with compliance with the documentary requirements of all government agencies of the origin economy, the destination economy and any transit economies. The aim is to measure the total burden of preparing the bundle of documents that will enable completion of the international trade for the product and partner pair assumed in the case study.;World Bank, Doing Business project (http://www.doingbusiness.org/). NOTE: Doing Business has been discontinued as of 9/16/2021. For more information: https://bit.ly/3CLCbme;Unweighted average;Insurance cost and informal payments for which no receipt is issued are excluded from the costs recorded. Costs are reported in U.S. dollars. Contributors are asked to convert local currency into U.S. dollars based on the exchange rate prevailing on the day they answer the questionnaire. Contributors are private sector experts in international trade logistics and are informed about exchange rates and their movements. Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 150.000 2019 | yearly | 2014 - 2019 |
View Barbados's BB: Import: Cost: Documentary Compliance from 2014 to 2019 in the chart:
Barbados BB: Imports: Lead Time
BB: Imports: Lead Time data was reported at 8.000 Day in 2014. This stayed constant from the previous number of 8.000 Day for 2013. BB: Imports: Lead Time data is updated yearly, averaging 8.000 Day from Dec 2011 (Median) to 2014, with 4 observations. The data reached an all-time high of 8.000 Day in 2014 and a record low of 8.000 Day in 2014. BB: Imports: Lead Time data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Barbados – Table BB.World Bank.WDI: Trade Statistics. Time to import is the time necessary to comply with all procedures required to import goods. Time is recorded in calendar days. The time calculation for a procedure starts from the moment it is initiated and runs until it is completed. If a procedure can be accelerated for an additional cost, the fastest legal procedure is chosen. It is assumed that neither the exporter nor the importer wastes time and that each commits to completing each remaining procedure without delay. Procedures that can be completed in parallel are measured as simultaneous. The waiting time between procedures--for example, during unloading of the cargo--is included in the measure.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 8.000 2014 | yearly | 2011 - 2014 |
View Barbados's Barbados BB: Imports: Lead Time from 2011 to 2014 in the chart:
BB: Imports: Lead Time: Border Compliance
BB: Imports: Lead Time: Border Compliance data was reported at 81.000 Hour in 2019. This records a decrease from the previous number of 104.000 Hour for 2018. BB: Imports: Lead Time: Border Compliance data is updated yearly, averaging 104.000 Hour from Dec 2014 (Median) to 2019, with 6 observations. The data reached an all-time high of 104.000 Hour in 2018 and a record low of 81.000 Hour in 2019. BB: Imports: Lead Time: Border Compliance data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Barbados – Table BB.World Bank.WDI: Trade Statistics. Border compliance captures the time and cost associated with compliance with the economy’s customs regulations and with regulations relating to other inspections that are mandatory in order for the shipment to cross the economy’s border, as well as the time and cost for handling that takes place at its port or border. The time and cost for this segment include time and cost for customs clearance and inspection procedures conducted by other government agencies.;World Bank, Doing Business project (http://www.doingbusiness.org/). NOTE: Doing Business has been discontinued as of 9/16/2021. For more information: https://bit.ly/3CLCbme;Unweighted average;Time is measured in hours, and 1 day is 24 hours (for example, 22 days are recorded as 22 × 24 = 528 hours). If customs clearance takes 7.5 hours, the data are recorded as is. Alternatively, suppose that documents are submitted to a customs agency at 8:00 a.m., are processed overnight and can be picked up at 8:00 a.m. the next day. In this case the time for customs clearance would be recorded as 24 hours because the actual procedure took 24 hours. Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 81.000 2019 | yearly | 2014 - 2019 |
View Barbados's BB: Imports: Lead Time: Border Compliance from 2014 to 2019 in the chart:
BB: Imports: Lead Time: Documentary Compliance
BB: Imports: Lead Time: Documentary Compliance data was reported at 46.000 Hour in 2019. This stayed constant from the previous number of 46.000 Hour for 2018. BB: Imports: Lead Time: Documentary Compliance data is updated yearly, averaging 46.000 Hour from Dec 2014 (Median) to 2019, with 6 observations. The data reached an all-time high of 46.000 Hour in 2019 and a record low of 46.000 Hour in 2019. BB: Imports: Lead Time: Documentary Compliance data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Barbados – Table BB.World Bank.WDI: Trade Statistics. Documentary compliance captures the time and cost associated with compliance with the documentary requirements of all government agencies of the origin economy, the destination economy and any transit economies. The aim is to measure the total burden of preparing the bundle of documents that will enable completion of the international trade for the product and partner pair assumed in the case study.;World Bank, Doing Business project (http://www.doingbusiness.org/). NOTE: Doing Business has been discontinued as of 9/16/2021. For more information: https://bit.ly/3CLCbme;Unweighted average;Time is measured in hours, and 1 day is 24 hours (for example, 22 days are recorded as 22 × 24 = 528 hours). If customs clearance takes 7.5 hours, the data are recorded as is. Alternatively, suppose that documents are submitted to a customs agency at 8:00 a.m., are processed overnight and can be picked up at 8:00 a.m. the next day. In this case the time for customs clearance would be recorded as 24 hours because the actual procedure took 24 hours. Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 46.000 2019 | yearly | 2014 - 2019 |
View Barbados's BB: Imports: Lead Time: Documentary Compliance from 2014 to 2019 in the chart:
Barbados BB: Imports: cif: Local Currency: % Change
BB: Imports: cif: Local Currency: % Change data was reported at -5.441 % in Dec 2017. This records a decrease from the previous number of 3.174 % for Nov 2017. BB: Imports: cif: Local Currency: % Change data is updated monthly, averaging 7.608 % from Jan 1958 (Median) to Dec 2017, with 720 observations. The data reached an all-time high of 82.539 % in Nov 1979 and a record low of -52.516 % in Jan 1992. BB: Imports: cif: Local Currency: % Change data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Barbados – Table BB.IMF.IFS: Trade Statistics.
| Last | Frequency | Range |
|---|---|---|
| -5.441 Dec 2017 | monthly | Jan 1958 - Dec 2017 |
View Barbados's Barbados BB: Imports: cif: Local Currency: % Change from Jan 1958 to Dec 2017 in the chart:
Barbados BB: Imports: cif: Local Currency: % Change over Previous Period
BB: Imports: cif: Local Currency: % Change over Previous Period data was reported at -8.835 % in Dec 2017. This records a decrease from the previous number of 8.711 % for Nov 2017. BB: Imports: cif: Local Currency: % Change over Previous Period data is updated monthly, averaging 0.077 % from Feb 1957 (Median) to Dec 2017, with 731 observations. The data reached an all-time high of 68.455 % in Aug 1983 and a record low of -50.044 % in Jan 1992. BB: Imports: cif: Local Currency: % Change over Previous Period data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Barbados – Table BB.IMF.IFS: Trade Statistics.
| Last | Frequency | Range |
|---|---|---|
| -8.835 Dec 2017 | monthly | Feb 1957 - Dec 2017 |