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Bahamas

Bahamas ranked No. 72 in total trade value through October with a total of $2.75 billion. Exports totaled $2.46 billion and Imports totaled $290.08 million, a surplus of $2.17 billion.

January – October 2018

Top Trading Ports

Total Trade: $2.75 billion

RankPortTotal YTD
1Port of Palm Beach, Fla. $679,615,209
2Port of New Orleans $354,357,419
3Port Everglades, Fla. $353,880,428
4Low-Valued Imports and Exports $253,085,295
5Port of Houston $244,855,217
6Port of Greater Baton Rouge, La. $182,482,934
7Port of Lake Charles, La. $114,292,865
8Port Miami $78,327,022
9Miami International Airport $74,285,492
10Port of Port Canaveral, Fla. $34,895,087

U.S. trade with Bahamas rose to $2.75 billion through October

Bahamas’s trade with the United States rose to $2.75 billion through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 5.47 percent below its total trade during the same time period last year. Bahamas’s exports decreased 0.81 percent while imports fell 32.41 percent. The U.S. surplus with Bahamas was $2.17 billion.

Through October, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Palm Beach, Fla.; No. 2 Port of New Orleans; No. 3 Port Everglades, Fla.; No. 4 Low-Valued Imports and Exports; and No. 5 Port of Houston. During the same period the previous year, the top five were No. 1 Port of Palm Beach, Fla. No. 2 Port of Houston No. 3 Port Everglades, Fla. No. 4 Low-Valued Imports and Exports and No. 5 Port of New Orleans. In the current time period, the top five accounted for 68.58 percent of Bahamas’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Palm Beach, Fla. rose 0.49 percent to $679.62 million.
    Exports fell 1.62 percent to $591.84 million. Imports rose 17.47 percent to $87.78 million.
  • Trade with No. 2 Port of New Orleans rose 44.82 percent to $354.36 million.
    Exports rose 43.98 percent to $346.85 million. Imports rose 98.55 percent to $7.51 million.
  • Trade with No. 3 Port Everglades, Fla. rose 5.54 percent to $353.88 million.
    Exports rose 3.7 percent to $329.42 million. Imports rose 38.6 percent to $24.46 million.
  • Trade with No. 4 Low-Valued Imports and Exports fell 0.04 percent to $253.09 million.
    Exports fell 0.04 percent to $253.09 million. There were no imports.
  • Trade with No. 5 Port of Houston fell 28.55 percent to $244.86 million.
    Exports fell 30.51 percent to $212.86 million. Imports fell 12.08 percent to $32 million.

Bahamas ranked No. 72 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 67.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Bahamas by value through October were the categories of Gasoline, other fuels; Low value shipments; Petroleum gases, other gaseous hydrocarbons; Jewelry, parts; and Motor vehicles for transporting people, respectively. They accounted for 50.78 percent of total exports to Bahamas.

The value of the top five categories of U.S. imports from Bahamas –– Value added to a returned import; Miscellaneous medical chemical re-agents; Shrimp, other crustaceans; Pebbles, gravel; and Gasoline, other fuels –– accounted for 81.29 percent of all inbound shipments.

Looking more closely at U.S. exports to Bahamas:

  • Gasoline, other fuels rose 29.12 percent compared to last year to $858.64 million.
  • Low value shipments fell 0.04 percent compared to last year to $253.09 million.
  • Petroleum gases, other gaseous hydrocarbons rose 573.1 percent compared to last year to $51.26 million.
  • Jewelry, parts rose 31.82 percent compared to last year to $45.69 million.
  • Motor vehicles for transporting people fell 0.75 percent compared to last year to $40.43 million.

Looking more closely at U.S. imports from Bahamas:

  • Value added to a returned import fell 35.15 percent compared to last year to $94.55 million.
  • Miscellaneous medical chemical re-agents fell 21.48 percent compared to last year to $55.08 million.
  • Shrimp, other crustaceans fell 15.86 percent compared to last year to $34.86 million.
  • Pebbles, gravel rose 19.47 percent compared to last year to $26.43 million.
  • Gasoline, other fuels fell 72.35 percent compared to last year to $24.89 million.

In the latest annual figures available, Bahamas recorded $3.54 billion in trade with the United States. At year’s end, its were Miami; New Orleans; Houston; Low Value Shipments; and Los Angeles. Total U.S. exports to Bahamas were $ 3.02 billion and imports from Bahamas were $522.54 million. The U.S. surplus with Bahamas was $2.5 billion.