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Bahamas

Bahamas ranked No. 66 in total trade value through February with a total of $639.36 million. Exports totaled $566.82 million and Imports totaled $72.54 million, a surplus of $494.29 million.

January – February 2019

Top Trading Ports

Total Trade: $639.36 million

RankPortTotal YTD
1Port of Palm Beach, Fla. $156,859,241
2Port Everglades, Fla. $95,746,077
3Port of New Orleans $59,393,383
4Port of Greater Baton Rouge, La. $59,031,405
5Low-Valued Imports and Exports $56,927,375
6Port of Lake Charles, La. $46,961,825
7Port of Houston $28,840,954
8Port Miami $18,105,357
9Port of Newark $15,560,749
10Miami International Airport $14,704,638

U.S. trade with Bahamas rose to $639.36 million through February

Bahamas’s trade with the United States rose to $639.36 million through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 44.75 percent above its total trade during the same time period last year. Bahamas’s exports increased 44.7 percent while imports rose 45.16 percent. The U.S. surplus with Bahamas was $494.29 million.

Through February, 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 Port of New Orleans; No. 4 Port of Greater Baton Rouge, La.; and No. 5 Low-Valued Imports and Exports. 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 Greater Baton Rouge, La. No. 4 Port of New Orleans and No. 5 Low-Valued Imports and Exports. In the current time period, the top five accounted for 66.94 percent of Bahamas’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Palm Beach, Fla. rose 25.28 percent to $156.86 million.
    Exports rose 24.32 percent to $144.02 million. Imports rose 37.11 percent to $12.84 million.
  • Trade with No. 2 Port Everglades, Fla. rose 44.2 percent to $95.75 million.
    Exports rose 57.81 percent to $86.24 million. Imports fell 19.11 percent to $9.5 million.
  • Trade with No. 3 Port of New Orleans rose 36.82 percent to $59.39 million.
    Exports rose 35.94 percent to $58.74 million. Imports rose 231.1 percent to $649,423.
  • Trade with No. 4 Port of Greater Baton Rouge, La. rose 32.73 percent to $59.03 million.
    Exports rose 32.73 percent to $59.03 million. There were no imports.
  • Trade with No. 5 Low-Valued Imports and Exports rose 41.85 percent to $56.93 million.
    Exports rose 41.85 percent to $56.93 million. There were no imports.

Bahamas ranked No. 66 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 73.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Bahamas by value through February were the categories of Gasoline, other fuels; Low value shipments; Oils derived from high temperature coal tar; Aircraft engines, engine parts; and Jewelry, parts, respectively. They accounted for 51.17 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; Gasoline, other fuels; and Pebbles, gravel –– accounted for 89.75 percent of all inbound shipments.

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

  • Gasoline, other fuels rose 59.88 percent compared to last year to $183.47 million.
  • Low value shipments rose 41.85 percent compared to last year to $56.93 million.
  • Oils derived from high temperature coal tar rose 131147 percent compared to last year to $28.48 million.
  • Aircraft engines, engine parts rose 220160 percent compared to last year to $11.01 million.
  • Jewelry, parts fell 13.87 percent compared to last year to $10.15 million.

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

  • Value added to a returned import rose 115.94 percent compared to last year to $33.05 million.
  • Miscellaneous medical chemical re-agents rose 50.45 percent compared to last year to $11.75 million.
  • Shrimp, other crustaceans rose 15.45 percent compared to last year to $9.02 million.
  • Gasoline, other fuels rose 211300 percent compared to last year to $6.34 million.
  • Pebbles, gravel rose 19.64 percent compared to last year to $4.95 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.