2022
Exports | Imports
$1.24B | $3.86BWorld Rnk 59 / 214
Flag Rnk 1 / 591
World Rnk 66 / 225
Flag Rnk 1 / 1156
2022
PRODUCT COMPLEXITY IN Refined Petroleum
-0.87Rnk 800 / 1025

About

Exports In 2022, Bahamas exported $1.24B in Refined Petroleum, making it the 59th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most exported product in Bahamas. The main destination of Refined Petroleum exports from Bahamas are: United States ($1.04B), Guatemala ($42.1M), Brazil ($37.6M), Barbados ($29.9M), and Dominican Republic ($20.8M).

The fastest growing export markets for Refined Petroleum of Bahamas between 2021 and 2022 were United States ($968M), Brazil ($37.6M), and Guatemala ($29.9M).

Imports In 2022, Bahamas imported $3.86B in Refined Petroleum, becoming the 66th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Bahamas. Bahamas imports Refined Petroleum primarily from: United States ($2.72B), Brazil ($283M), China ($186M), Colombia ($162M), and Canada ($158M).

The fastest growing import markets in Refined Petroleum for Bahamas between 2021 and 2022 were United States ($1.67B), Brazil ($161M), and Italy ($110M).

COMPANIES In 2023, leading companies such as CELEBRITY CRUISES INC. (2) were at the forefront of shipping Refined Petroleum from Bahamas to the United States.

Latest Trends

Jan 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 Refined Petroleum. 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)$1.24B
IMPORTS (2022)$3.86B
NET TRADE (2022)-$2.62B

In 2022, Bahamas exported $1.24B in Refined Petroleum. The main destinations of Bahamas exports on Refined Petroleum were United States ($1.04B), Guatemala ($42.1M), Brazil ($37.6M), Barbados ($29.9M), and Dominican Republic ($20.8M).

In 2022, Bahamas imported $3.86B in Refined Petroleum, mainly from United States ($2.72B), Brazil ($283M), China ($186M), Colombia ($162M), and Canada ($158M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Bahamas WERE (2021 - 2022):
United States$968M (1.44k%)
Brazil$37.6M (1%)
Guatemala$29.9M (244%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Bahamas WERE (2021 - 2022):
Singapore-$129M (-93.3%)
Saudi Arabia-$23.8M (-100%)
Netherlands-$21.4M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bahamas's main exporting competitors in Refined Petroleum were:
In 2022, Bahamas's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

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