Refined Petroleum in Bermuda

EXPORTS (2018): $97.6k, World Rnk 170 / 198
Flag Rnk 54 / 303

TOP DESTINATION (2018): $71.7k, United States

FASTEST GROWING MARKET (2017 - 2018): $42.8k, United States

IMPORTS (2018): $117M, World Rnk 159 / 221
Flag Rnk 2 / 992

TOP ORIGIN (2018): $60.8M, United States

FASTEST GROWING ORIGIN (2017 - 2018): $11.8M, Antigua and Barbuda

PRODUCT COMPLEXITY  IN Refined Petroleum (2018): -0.97, Rnk 812 / 1018

Overview: This page contains the latest trade data of Refined Petroleum in Bermuda.

Exports: In 2018, Bermuda exported $97.6k in Refined Petroleum, making it the 170th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 54th most exported product in Bermuda. The main destination of Refined Petroleum exports from Bermuda are: United States ($71.7k), Iceland ($12.1k), United Kingdom ($9.41k), and Tanzania ($4.38k).

The fastest growing export markets for Refined Petroleum of Bermuda between 2017 and 2018 were United States ($42.8k), Iceland ($12.1k), and Tanzania ($4.38k).

Imports: In 2018, Bermuda imported $117M in Refined Petroleum, becoming the 159th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most imported product in Bermuda. Bermuda imports Refined Petroleum primarily from: United States ($60.8M), Bahamas ($26.9M), Antigua and Barbuda ($11.8M), Greece ($8.84M), and Curaçao ($2.66M).

The fastest growing import markets in Refined Petroleum for Bermuda between 2017 and 2018 were Antigua and Barbuda ($11.8M), Bahamas ($9.79M), and United States ($2.49M).

Tariffs: In 2018, the average tariff for Bermuda in Refined Petroleum was 25%. The countries with the highest import tariffs for Refined Petroleum were Angola (25%), Burundi (25%), Benin (25%), Burkina Faso (25%), and Botswana (25%).

Value

EXPORTS (2018): $97.6k

IMPORTS (2018): $117M

NET TRADE (2018): -$117M

In 2018, Bermuda exported $97.6k in Refined Petroleum. The main destinations of Bermuda exports on Refined Petroleum were United States ($71.7k), Iceland ($12.1k), United Kingdom ($9.41k), and Tanzania ($4.38k).

In 2018, Bermuda imported $117M in Refined Petroleum, mainly from United States ($60.8M), Bahamas ($26.9M), Antigua and Barbuda ($11.8M), Greece ($8.84M), and Curaçao ($2.66M).

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IN 2018, Bermuda HAD A POSITIVE NET TRADE IN Refined Petroleum WITH:

  • United Kingdom, $7.82k ($9.41k - $1.6k)
  • Tanzania, $4.38k ($4.38k - $0)

IN 2018, Bermuda HAD A NEGATIVE NET TRADE IN Refined Petroleum WITH:

  • United States, -$60.8M ($71.7k - $60.8M)
  • Bahamas, -$26.9M ($0 - $26.9M)
  • Antigua and Barbuda, -$11.8M ($0 - $11.8M)
Flow

THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Bermuda WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Bermuda WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, Bermuda's main exporting competitors in Refined Petroleum were:

In 2018, Bermuda's main importing competitors in Refined Petroleum were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Refined Petroleum in Bermuda. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2018, the average tariff for Bermuda in Refined Petroleum was 25%.

The countries with the highest tariffs for Refined Petroleum in Bermuda were Angola (25%), Burundi (25%), Benin (25%), Burkina Faso (25%), and Botswana (25%).

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