HS Icon Refined Petroleum in  Flag Bermuda

2020
Exports | Imports
: $315k | $54.4M, World Rnk 160 / 212
Flag Rnk 17 / 399 | World Rnk 173 / 224
Flag Rnk 4 / 1083

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $290k | $25.5M, South Korea |  Canada

2020
PRODUCT COMPLEXITY  IN Refined Petroleum
: -0.94, Rnk 822 / 1029

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%).

Subnational Monthly Trade

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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

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EXPORTS (2020): $315k

IMPORTS (2020): $54.4M

NET TRADE (2020): -$54.1M

In 2020, Bermuda exported $315k in Refined Petroleum. The main destinations of Bermuda exports on Refined Petroleum were South Korea ($290k), Greece ($22.2k), South Africa ($1.9k), and United States ($382).

In 2020, Bermuda imported $54.4M in Refined Petroleum, mainly from Canada ($25.5M), United States ($9.64M), Bahamas ($8.55M), China ($3.41M), and Brazil ($1.91M).

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THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Bermuda WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Bermuda WERE (2019 - 2020):

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Market Concentration

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In 2020, Bermuda's main exporting competitors in Refined Petroleum were:

In 2020, Bermuda's main importing competitors in Refined Petroleum were:

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