2022
Exports
$157kWorld Rnk 187 / 216
Flag Rnk 21 / 79
2022
PRODUCT COMPLEXITY IN Mineral fuels, mineral oils and products of their distillation
0.48Rnk 371 / 1025
2022
Imports
$132MWorld Rnk 178 / 225
Flag Rnk 2 / 96

About

Exports In 2022, Bermuda exported $157k in Mineral fuels, mineral oils and products of their distillation, making it the 187th largest exporter of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 21st most exported product in Bermuda. The main destination of Mineral fuels, mineral oils and products of their distillation exports from Bermuda are: United States ($119k), Iceland ($21.7k), United Arab Emirates ($12.2k), Angola ($3.89k), and Portugal ($451).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation of Bermuda between 2021 and 2022 were United States ($108k), Iceland ($21.7k), and United Arab Emirates ($12k).

Imports In 2022, Bermuda imported $132M in Mineral fuels, mineral oils and products of their distillation, becoming the 178th largest importer of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 2nd most imported product in Bermuda. Bermuda imports Mineral fuels, mineral oils and products of their distillation primarily from: United States ($53.9M), Canada ($47.9M), Greece ($15.5M), China ($6.65M), and Bahamas ($3.41M).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation for Bermuda between 2021 and 2022 were United States ($23.3M), Greece ($13.6M), and China ($5.69M).

Latest Trends

Jul 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 Mineral fuels, mineral oils and products of their distillation. 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)$157k
IMPORTS (2022)$132M
NET TRADE (2022)-$131M

In 2022, Bermuda exported $157k in Mineral fuels, mineral oils and products of their distillation. The main destinations of Bermuda exports on Mineral fuels, mineral oils and products of their distillation were United States ($119k), Iceland ($21.7k), United Arab Emirates ($12.2k), Angola ($3.89k), and Portugal ($451).

In 2022, Bermuda imported $132M in Mineral fuels, mineral oils and products of their distillation, mainly from United States ($53.9M), 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 Mineral fuels, mineral oils and products of their distillation EXPORT MARKETS FOR Bermuda WERE (2021 - 2022):
United States$108k (1.05k%)
Iceland$21.7k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral fuels, mineral oils and products of their distillation BY Bermuda WERE (2021 - 2022):
Greece-$15.1k (-100%)
Malaysia-$6.52k (-100%)
Netherlands-$202 (-99.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Bermuda's main exporting competitors in Mineral fuels, mineral oils and products of their distillation were:
In 2022, Bermuda's main importing competitors in Mineral fuels, mineral oils and products of their distillation were:

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Trade Value of Mineral fuels, mineral oils and products of their distillation by Exporters

Potential Exports

Potential Exports

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N/A
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Mineral fuels, mineral oils and products of their distillation’s highest export potential is N/A. With an export gap of N/A.   Mineral fuels, mineral oils and products of their distillation’s highest import potential is N/A with an import gap of N/A.

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