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Exports In 2018, Bermuda exported $153k in Refined Petroleum, making it the 175th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 52nd most exported product in Bermuda. The main destination of Refined Petroleum exports from Bermuda are: United States ($119k), Iceland ($21.7k), United Arab Emirates ($12.2k), Angola ($754), and Canada ($122).

The fastest growing export markets for Refined Petroleum of Bermuda between 2021 and 2022 were United States ($108k), Iceland ($21.7k), and United Arab Emirates ($12k).

Imports In 2022, Bermuda imported $129M in Refined Petroleum, becoming the 171st 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 ($52.8M), Canada ($47.9M), Greece ($15.5M), China ($6.65M), and Bahamas ($3.41M).

The fastest growing import markets in Refined Petroleum for Bermuda between 2021 and 2022 were United States ($23.2M), Greece ($13.6M), and China ($5.69M).

Latest Trends

Aug 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)$153k
IMPORTS (2022)$129M
NET TRADE (2022)-$129M

In 2022, Bermuda exported $153k in Refined Petroleum. The main destinations of Bermuda exports on Refined Petroleum were United States ($119k), Iceland ($21.7k), United Arab Emirates ($12.2k), Angola ($754), and Canada ($122).

In 2022, Bermuda imported $129M in Refined Petroleum, mainly from United States ($52.8M), Canada ($47.9M), Greece ($15.5M), China ($6.65M), and Bahamas ($3.41M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Bermuda WERE (2021 - 2022):
United States$108k (1.05k%)
Iceland$21.7k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Bermuda WERE (2021 - 2022):
Greece-$15.1k (-100%)
Malaysia-$6.52k (-100%)
Angola-$2.53k (-77%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bermuda's main exporting competitors in Refined Petroleum were:
In 2022, Bermuda'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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N/AN/A

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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