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2022
Exports $34.7kWorld Rnk 143 / 196
Flag Rnk 289 / 746
2022
Destination $10.8k Grenada
2021 - 2022
FASTEST GROWING MARKET $10.8kGrenada
2022
PRODUCT COMPLEXITY IN Essential Oils-1.09Rnk 855 / 1025
2022
Imports $635kWorld Rnk 119 / 214
Flag Rnk 364 / 1102
2022
Origin $85.4k United States
2021 - 2022
FASTEST GROWING ORIGIN $85.4kUnited States

About

Exports In 2022, Barbados exported $34.7k in Essential Oils, making it the 143rd largest exporter of Essential Oils in the world. At the same year, Essential Oils was the 289th most exported product in Barbados. The main destination of Essential Oils exports from Barbados are: Grenada ($18.3k), France ($4.68k), British Virgin Islands ($4.6k), Saint Kitts and Nevis ($2.01k), and United States ($1.58k).

The fastest growing export markets for Essential Oils of Barbados between 2021 and 2022 were Grenada ($10.8k), France ($4.68k), and United Kingdom ($1.14k).

Imports In 2022, Barbados imported $635k in Essential Oils, becoming the 119th largest importer of Essential Oils in the world. At the same year, Essential Oils was the 364th most imported product in Barbados. Barbados imports Essential Oils primarily from: United States ($278k), United Kingdom ($273k), India ($39.2k), Thailand ($12.3k), and Netherlands ($8.93k).

The fastest growing import markets in Essential Oils for Barbados between 2021 and 2022 were United States ($85.4k), Netherlands ($8.93k), and Canada ($7.42k).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Essential Oils. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$34.7k
IMPORTS (2022)$635k
NET TRADE (2022)-$600k

In 2022, Barbados exported $34.7k in Essential Oils. The main destinations of Barbados exports on Essential Oils were Grenada ($18.3k), France ($4.68k), British Virgin Islands ($4.6k), Saint Kitts and Nevis ($2.01k), and United States ($1.58k).

In 2022, Barbados imported $635k in Essential Oils, mainly from United States ($278k), United Kingdom ($273k), India ($39.2k), Thailand ($12.3k), and Netherlands ($8.93k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Essential Oils EXPORT MARKETS FOR Barbados WERE (2021 - 2022):
Grenada$10.8k (142%)
France$4.68k (1%)
United Kingdom$1.14k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Essential Oils BY Barbados WERE (2021 - 2022):
British Virgin Islands-$2.6k (-36.1%)
Antigua and Barbuda-$908 (-100%)
Dominica-$685 (-84.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Barbados's main exporting competitors in Essential Oils were:
India $879M
United States $693M
Brazil $425M
In 2022, Barbados's main importing competitors in Essential Oils were:
United States $1.25B
France $440M
Germany $357M

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Trade Value of Essential Oils by Exporters

Potential Exports

Potential Exports

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N/A
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Essential Oils’s highest export potential is N/A. With an export gap of N/A.   Essential Oils’s highest import potential is N/A with an import gap of N/A.

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