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Exports In 2023, Bahamas exported $1.35B in Refined Petroleum, making it the 60th 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 ($668M), Zimbabwe ($469M), Dominican Republic ($119M), Guatemala ($38.2M), and Germany ($24.2M).

The fastest growing export markets for Refined Petroleum of Bahamas between 2022 and 2023 were Zimbabwe ($469M), Dominican Republic ($95.8M), and Germany ($12.4M).

Imports In 2023, Bahamas imported $3.53B in Refined Petroleum, becoming the 58th 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 ($2.8B), China ($145M), Canada ($135M), Brazil ($121M), and Colombia ($107M).

The fastest growing import markets in Refined Petroleum for Bahamas between 2022 and 2023 were India ($47.1M), Finland ($32.2M), and Turkey ($17.5M).

COMPANIES In 2024, leading companies such as Chevron (2) and Celebrity Cruises (1) were at the forefront of shipping Refined Petroleum from Bahamas to the United States.

Latest Trends

Dec 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 (2023)$1.35B
IMPORTS (2023)$3.53B
NET TRADE (2023)-$2.19B

In 2023, Bahamas exported $1.35B in Refined Petroleum. The main destinations of Bahamas exports on Refined Petroleum were United States ($668M), Zimbabwe ($469M), Dominican Republic ($119M), Guatemala ($38.2M), and Germany ($24.2M).

In 2023, Bahamas imported $3.53B in Refined Petroleum, mainly from United States ($2.8B), China ($145M), Canada ($135M), Brazil ($121M), and Colombia ($107M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Bahamas WERE (2022 - 2023):
Zimbabwe$469M (1%)
Dominican Republic$95.8M (420%)
Germany$12.4M (106%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Bahamas WERE (2022 - 2023):
United States-$458M (-40.7%)
Brazil-$42.1M (-100%)
Barbados-$33.1M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Bahamas's main exporting competitors in Refined Petroleum were:
In 2023, Bahamas's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

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

See methodology.

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