Refined Petroleum in   Bermuda

Exports In 2020, Bermuda exported $315k in Refined Petroleum, making it the 160th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 17th most exported product in Bermuda. The main destination of Refined Petroleum exports from Bermuda are: South Korea ($290k), Greece ($22.2k), South Africa ($1.9k), and United States ($382).

The fastest growing export markets for Refined Petroleum of Bermuda between 2019 and 2020 were South Korea ($290k) and Greece ($22.2k).

Imports In 2020, Bermuda imported $54.4M in Refined Petroleum, becoming the 173rd largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 4th most imported product in Bermuda. Bermuda imports Refined Petroleum primarily from: Canada ($25.5M), United States ($9.64M), Bahamas ($8.55M), China ($3.41M), and Brazil ($1.91M).

The fastest growing import markets in Refined Petroleum for Bermuda between 2019 and 2020 were Canada ($25.5M), Bahamas ($8.55M), and Saint Lucia ($1.72M).

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 (Most Favoured Nation duty rate treatement, 25%), Burundi (Most Favoured Nation duty rate treatement, 25%), Benin (Most Favoured Nation duty rate treatement, 25%), Burkina Faso (Most Favoured Nation duty rate treatement, 25%), and Botswana (Most Favoured Nation duty rate treatement, 25%).