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Exports In 2022, Barbados exported $1.33M in Excavation Machinery, making it the 122nd largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 46th most exported product in Barbados. The main destination of Excavation Machinery exports from Barbados are: United States ($1.24M), Antigua and Barbuda ($63.3k), Norway ($19k), Grenada ($2.86k), and Mozambique ($2.48k).

The fastest growing export markets for Excavation Machinery of Barbados between 2021 and 2022 were United States ($1.22M), Antigua and Barbuda ($26.6k), and Norway ($19k).

Imports In 2022, Barbados imported $3.24M in Excavation Machinery, becoming the 169th largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 134th most imported product in Barbados. Barbados imports Excavation Machinery primarily from: United States ($1.69M), United Kingdom ($744k), China ($122k), Brazil ($111k), and Germany ($105k).

The fastest growing import markets in Excavation Machinery for Barbados between 2021 and 2022 were United Kingdom ($532k), Brazil ($101k), and South Korea ($35.7k).

Latest Trends

Jul 2024

Subnational Monthly Trade

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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 Excavation Machinery. 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)$1.33M
IMPORTS (2022)$3.24M
NET TRADE (2022)-$1.91M

In 2022, Barbados exported $1.33M in Excavation Machinery. The main destinations of Barbados exports on Excavation Machinery were United States ($1.24M), Antigua and Barbuda ($63.3k), Norway ($19k), Grenada ($2.86k), and Mozambique ($2.48k).

In 2022, Barbados imported $3.24M in Excavation Machinery, mainly from United States ($1.69M), United Kingdom ($744k), China ($122k), Brazil ($111k), and Germany ($105k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR Barbados WERE (2021 - 2022):
United States$1.22M (10.2k%)
Antigua and Barbuda$26.6k (72.4%)
Norway$19k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY Barbados WERE (2021 - 2022):
Trinidad and Tobago-$60.6k (-100%)
Germany-$17k (-100%)
Grenada-$9.13k (-76.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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In 2022, Barbados's main exporting competitors in Excavation Machinery were:
In 2022, Barbados's main importing competitors in Excavation Machinery were:

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Trade Value of Excavation Machinery by Exporters

Potential Exports

Potential Exports

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

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