Key Market Indicators
Barbados saw a sharp decline in fuel imports in 2016, plummeting by 91% compared to the previous year. The nation's fuel imports dropped from 56 cubic meters in 2015 to just 5 cubic meters in 2016. Despite this significant decrease, Barbadian demand for fuel has shown a steady increase over the long term. Since 1966, the country's fuel demand has risen by an average of nearly 11% annually. On the export front, Barbados maintained a stable level of fuel exports. The country exported 50 cubic meters of fuel in both 2015 and 2016, showing no change year over year.
