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Bahamas

Bahamas ranked No. 68 in total trade value through August with a total of $2.46 billion. Exports totaled $2.19 billion and Imports totaled $272.53 million, a surplus of $1.91 billion.

January – August 2019

Top Trading Ports

Total Trade: $2.46 billion

RankPortTotal YTD
1Port of Palm Beach, Fla. $659,538,586
2Port Everglades, Fla. $339,647,465
3Low-Valued Imports and Exports $208,850,339
4Port of Houston $190,807,357
5Port of Greater Baton Rouge, La. $189,457,205
6Port of Lake Charles, La. $170,510,366
7Port of New Orleans $120,061,589
8Port Miami $75,626,152
9Port of Newark $62,066,497
10Miami International Airport $58,398,893

U.S. trade with Bahamas rose to $2.46 billion through August

Bahamas’s trade with the United States rose to $2.46 billion through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 15.22 percent above its total trade during the same time period last year. U.S. exports to Bahamas increased 13.09 percent while U.S. imports from Bahamas rose 35.78 percent. The U.S. surplus with Bahamas was $1.91 billion.

Through August, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Palm Beach, Fla.; No. 2 Port Everglades, Fla.; No. 3 Low-Valued Imports and Exports; No. 4 Port of Houston; and No. 5 Port of Greater Baton Rouge, La.. During the same period the previous year, the top five were No. 1 Port of Palm Beach, Fla. No. 2 Port Everglades, Fla. No. 3 Port of New Orleans No. 4 Port of Houston and No. 5 Low-Valued Imports and Exports. In the current time period, the top five accounted for 64.58 percent of Bahamas’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Palm Beach, Fla. rose 27.14 percent to $659.54 million.
    Exports rose 28.2 percent to $612.17 million. Imports rose 14.87 percent to $47.37 million.
  • Trade with No. 2 Port Everglades, Fla. rose 21.36 percent to $339.65 million.
    Exports rose 24.4 percent to $321.83 million. Imports fell 15.81 percent to $17.81 million.
  • Trade with No. 3 Low-Valued Imports and Exports rose 5.33 percent to $208.85 million.
    Exports rose 5.33 percent to $208.85 million. There were no imports.
  • Trade with No. 4 Port of Houston fell 8.77 percent to $190.81 million.
    Exports fell 18.64 percent to $151.14 million. Imports rose 69.59 percent to $39.67 million.
  • Trade with No. 5 Port of Greater Baton Rouge, La. rose 21.38 percent to $189.46 million.
    Exports rose 21.38 percent to $189.46 million. There were no imports.

Bahamas ranked No. 68 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 72.

Meanwhile, total U.S. trade with the world increased to $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Bahamas by value through August were the categories of Gasoline, other fuels; Low value shipments; Motorboats and yachts; Oils derived from high temperature coal tar; and Motor vehicles for transporting people, respectively. They accounted for 54.94 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 Equipment, parts for repair, including boats for p –– accounted for 87.2 percent of all inbound shipments.

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

  • Gasoline, other fuels rose 15.08 percent compared to last year to $767 million.
  • Low value shipments rose 5.33 percent compared to last year to $208.85 million.
  • Motorboats and yachts rose 3031.41 percent compared to last year to $157.38 million.
  • Oils derived from high temperature coal tar rose 23764 percent compared to last year to $35.94 million.
  • Motor vehicles for transporting people fell 2.94 percent compared to last year to $32.35 million.

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

  • Value added to a returned import rose 127.09 percent compared to last year to $124.79 million.
  • Miscellaneous medical chemical re-agents rose 6.09 percent compared to last year to $44.16 million.
  • Shrimp, other crustaceans rose 17.25 percent compared to last year to $25.91 million.
  • Pebbles, gravel rose 21.15 percent compared to last year to $24.48 million.
  • Equipment, parts for repair, including boats for p rose 81.29 percent compared to last year to $18.3 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.