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Exports In 2023, Bermuda exported $129 in Refined Petroleum, making it the 213th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 276th most exported product in Bermuda. The main destination of Refined Petroleum exports from Bermuda are: Netherlands ($128) and Canada ($1).

The fastest growing export markets for Refined Petroleum of Bermuda between 2022 and 2023 were Netherlands ($127).

Imports In 2023, Bermuda imported $103M in Refined Petroleum, becoming the 175th 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 ($52.5M), Canada ($23M), Greece ($20.6M), China ($5.37M), and Italy ($961k).

The fastest growing import markets in Refined Petroleum for Bermuda between 2022 and 2023 were Greece ($5.04M), China ($4.55M), and Italy ($318k).

Latest Trends

Dec 2024

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

Trade Balance

Color
EXPORTS (2023)$129
IMPORTS (2023)$103M
NET TRADE (2023)-$103M

In 2023, Bermuda exported $129 in Refined Petroleum. The main destinations of Bermuda exports on Refined Petroleum were Netherlands ($128) and Canada ($1).

In 2023, Bermuda imported $103M in Refined Petroleum, mainly from United States ($52.5M), Canada ($23M), Greece ($20.6M), China ($5.37M), and Italy ($961k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Bermuda WERE (2022 - 2023):Netherlands$127 (12.7k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Bermuda WERE (2022 - 2023):
United States-$119k (-100%)
Iceland-$24.2k (-100%)
United Arab Emirates-$13.8k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Type
In 2023, Bermuda's main exporting competitors in Refined Petroleum were:
In 2023, 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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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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