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Barbados

US Revised Tariffs (%)

10

Ease of doing business

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Share of US Imports % (1 implies <1%)
US Tariff %
Revised Tariff %
Country Tariff Rate %
1
10
10
14.6
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
0.77
0.05
0.72

US Revised Tariffs

Country Tariffs

Balance of Trade

Commercial Guide

Learn about the market conditions, opportunities, regulations, and business conditions in countries, prepared by U.S. Embassies worldwide, Commerce Department, State Department and other U.S. agencies’ professionals

Tariff Rate for US

World Bank staff estimates using the World Integrated Trade Solution system, based on tariff data from the United Nations Conference on Trade and Development's Trade Analysis and Information System ( TRAINS ) database and global imports data from the United Nations Statistics Division's Comtrade database.

US Imports Guide 

United States Imports from Countries during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from Countries- data, historical chart and statistics - was last updated on April of 2025.

Implications

As of Saturday, April 19, 2025 (based on the latest available information): Here's an update on tariffs related to Barbados: Barbados' General Tariff Structure: Barbados is a full member of the Caribbean Community (CARICOM) and applies the CARICOM Common External Tariff (CET) on goods imported from outside the CARICOM region.   Import duties under the CET generally range from 0% to 20%.   However, some specific items carry higher import duty rates, including: Fruits and vegetables: 40%   Jewelry: 60% Watches: 50%   Motor vehicles: 45%   T-shirts: 115%   An additional 1% environmental levy is generally applied to imports. Certain items have specific environmental levy rates: New motor vehicles: $750.00 per vehicle Used motor vehicles: $1,000.00 per vehicle Refrigerators: $7.50 per refrigerator   Television sets: $5.00 per set Goods in non-plastic, glass, metal, or paperboard containers: 0.75% of CIF value     Excise taxes are levied on specific categories of goods: Alcoholic beverages Tobacco products   Motor vehicles Petroleum products   Rates range from 5% to 60%. Sweetened beverages are subject to a 20% excise tax (increased from 10% in April 2022). This tax is applied before Value Added Tax (VAT).   Value Added Tax (VAT): The standard VAT rate in Barbados is 17.5% on most goods and services. A reduced rate of 10% applies to the supply of accommodation and certain tourism-related goods and services. Basic food products and some other goods and services are zero-rated or exempt from VAT.   Trade Agreements: Barbados, as part of CARICOM, is a signatory to several trade agreements with other countries, including: CARICOM-Venezuela Trade and Investment Agreement CARICOM-Colombia Trade, Economic and Technical Cooperation Agreement CARICOM-Dominican Republic Free Trade Agreement   CARICOM-Cuba Trade and Economic Cooperation Agreement   CARICOM-Costa Rica Free Trade Agreement CARIFORUM-EU Economic Partnership Agreement (EPA)     These agreements often involve preferential tariff rates for goods originating from member countries. United States - Barbados Tariffs: Barbados is a beneficiary country under the Caribbean Basin Economic Recovery Act (CBERA). This generally allows for duty-free entry of many goods from Barbados into the United States, provided they meet certain rules of origin. However, certain products like textiles and apparel, watches, and some agricultural products may have specific duty rates or be excluded from duty-free treatment. You would need to consult the Harmonized Tariff Schedule of the United States (HTS US) 2025 for specific product tariff rates.   Recent Developments: There isn't specific information about new or significant tariff changes by Barbados in the very recent past (last few weeks). The focus in the news has been more on the broader implications of tariffs imposed by larger economies. A recent notice (February 2025) indicated the rescinding of a port congestion charge for Barbados, which is related to the cost of trade but not a tariff itself.   How to Find Specific Tariff Rates: To find the exact tariff rate for a specific good being imported into Barbados, you would need to consult the Barbados Customs Tariff, which is based on the CARICOM CET. You can likely find this information on the website of the Barbados Customs and Excise Department. The World Integrated Trade Solution (WITS) database might also provide some tariff information for Barbados, although the timeliness of the data can vary. In summary, Barbados applies the CARICOM Common External Tariff with rates generally between 0% and 20%, with higher rates on some specific goods. They also have environmental levies, excise taxes on certain products, and a VAT. Trade with the United States generally benefits from duty-free treatment under CBERA for many goods. For the most up-to-date and specific tariff rates, it's best to consult the official customs authorities of Barbados and the relevant trade agreements.

US Negotiation Strategy

Based on the 2024 data, the top imports to the US from Barbados are: Beverages, spirits, and vinegar ($23.13 Million) US States that can manufacture the same: Kentucky: Known for bourbon distilleries (e.g., Jim Beam, Maker's Mark).   Tennessee: Famous for Tennessee whiskey (e.g., Jack Daniel's, George Dickel).   California: Significant wine production (e.g., E. & J. Gallo Winery, Robert Mondavi Winery) and craft breweries (e.g., Stone Brewing, Sierra Nevada Brewing Co.).   Oregon: Known for craft breweries and wineries (e.g., Deschutes Brewery, Willamette Valley Vineyards). Washington: Growing wine industry and breweries (e.g., Chateau Ste. Michelle, Redhook Brewery). Commodities not specified according to kind ($8.95 Million) This is a broad category and difficult to pinpoint specific US states. It likely includes miscellaneous manufactured goods. States with diverse manufacturing sectors like California, Texas, Ohio, Illinois, and Michigan could potentially produce similar unspecified commodities through various companies. Optical, photo, technical, medical apparatus ($7.44 Million) US States that can manufacture the same: Massachusetts: Strong in medical device manufacturing (e.g., Boston Scientific, Medtronic).   California: Hub for medical devices and scientific instruments (e.g., Abbott, Thermo Fisher Scientific). Minnesota: Known as "Medical Alley" for medical device companies (e.g., 3M, Medtronic).   Florida: Growing medical device manufacturing sector (e.g., Johnson & Johnson, Stryker).   Cereal, flour, starch, milk preparations and products ($2.88 Million) US States that can manufacture the same: California: Large food processing industry (e.g., Blue Diamond Growers, Nestlé USA).   Iowa: Major producer of corn and soybeans, used in cereal and starch production (e.g., Quaker Oats, Cargill). Wisconsin: Known for dairy production and processing (e.g., Kraft Heinz, Sargento Foods).   Illinois: Strong in food manufacturing (e.g., ADM, Kellogg's). Electrical, electronic equipment ($1.01 Million) US States that can manufacture the same: California: Major center for technology and electronics (e.g., Apple, Intel).   Texas: Growing technology and electronics manufacturing (e.g., Dell, Texas Instruments). Massachusetts: Strong in electronics and high-tech (e.g., Analog Devices, Raytheon Technologies). It's important to note that while these US states have companies that manufacture goods within these categories, the specific types and specifications of the products imported from Barbados may vary. Therefore, it's not a direct replacement in all cases. Additionally, the scale of production in the US for some of these categories is significantly larger than the import volume from Barbados.

Investing in USA

theboardiQ Economic Relevance Score, ranks States of USA based on 11 parameters

Sources : ForbesUSDA Economic Research | TCGen Total Innovation Rank Index | Best States for Manufacturing | World Population Review | Tax Foundation | US News | BEA Data | Wikipedia International Trade Administration

theboardiQ's Economic Relevance Score provides a comprehensive, data-driven assessment of a nation's economic vitality and global significance. This score is meticulously calculated using 11 key parameters, each reflecting a critical facet of economic performance. It analyzes the representation of Fortune 500 companies within a nation, a strong indicator of its business environment and market size. The balance of trade surplus or deficit reveals the nation's international competitiveness and export strength. It incorporates Gross Domestic Product (GDP), a fundamental measure of overall economic output, and examine the health of key sectors like agriculture and manufacturing. The score also accounts for innovation, gauging a nation's ability to drive future growth through technological advancements. Crucial labor market indicators such as employment rates are considered, alongside fiscal policies reflected in tax rates. To capture the lived experience of citizens, it assesses cost of living and disposable income, providing insight into purchasing power and economic well-being. Finally, education levels are integrated, recognizing their pivotal role in fostering a skilled workforce and driving long-term economic development. By synthesizing these 11 parameters, theboardiQ's Economic Relevance Score delivers a nuanced and holistic view of a nation's economic standing, enabling informed strategic decisions. The Top 5 States in the assessment are Texas, North Carolina, Virginia, Florida and Washington. Texas does consistently well across most of the 11 variables especially in the areas of GDP, F500 representation in the State, Balance of Trade where it ranks 2nd nationally. North Carolina scores as the highest-ranking state nationally in manufacturing and performs consistently across the other variables. Virginia does well in disposable income where it ranks 3rd nationally. It also scores high in the variables of manufacturing and employment Florida holds the 4th ranking nationally for GDP and Tax Washington State scores the top spot for disposable income nationally, 2nd for education and 3rd for innovation. Colorado, with an overall rank of 7 scores the top spot for Education (schools and higher education). Nebraska, that ranked 10th overall, did well in Agriculture where it is ranked 3rd nationally as well as Trade Balance where it ranked 5th. Illinois, though ranked 20th overall did well nationally in F500 representation, GDP, Agriculture, and Disposable Income. Pennsylvania comes in at 21 overall doing well nationally in GDP (6th); Manufacturing (8th) and F500 representation (8th) New York scores 23rd overall with a 2 ranking in Disposable Income nationally, as well as 3rd in both F500 representation and GDP. California comes in at 29th overall and has the top spot ranking in a whopping 4 variables nationally – GDP, Innovation, Agriculture and F500 representation. However, performance in the areas of Trade Balance, Cost of Living, Tax, Manufacturing and Employment resulted in the overall ranking dipping. Wyoming at 30th overall scores the top spot nationally in the area of Tax Massachusetts at 31 overall does well in innovation where it is ranked 2nd nationally Arkansas at 36 and Alabama at 39, do well in overall Cost of Living where they are ranked 2nd and 3rd nationally, respectively. Louisiana ranked 44th overall is ranked 1st in Trade Balance nationally.

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