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Bahamas

Bahamas ranked No. 68 in total trade value through September with a total of $2.69 billion. Exports totaled $2.41 billion and Imports totaled $284.14 million, a surplus of $2.12 billion.

January – September 2019

Top Trading Ports

Total Trade: $2.69 billion

RankPortTotal YTD
1Port of Palm Beach, Fla. $726,694,704
2Port Everglades, Fla. $385,808,329
3Low-Valued Imports and Exports $229,877,831
4Port of Houston $210,867,279
5Port of Greater Baton Rouge, La. $189,457,205
6Port of Lake Charles, La. $170,510,366
7Port of New Orleans $128,942,314
8Port Miami $86,677,025
9Miami International Airport $71,720,016
10Port of Newark $65,161,881

U.S. trade with Bahamas rose to $2.69 billion through September

Bahamas’s trade with the United States rose to $2.69 billion through the first nine months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 10.34 percent above its total trade during the same time period last year. U.S. exports to Bahamas increased 10.66 percent while U.S. imports from Bahamas rose 7.72 percent. The U.S. surplus with Bahamas was $2.12 billion.

Through September, 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 of New Orleans No. 3 Port Everglades, Fla. No. 4 Port of Houston and No. 5 Low-Valued Imports and Exports. In the current time period, the top five accounted for 64.79 percent of Bahamas’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Palm Beach, Fla. rose 19.3 percent to $726.69 million.
    Exports rose 27.01 percent to $674.73 million. Imports fell 33.29 percent to $51.97 million.
  • Trade with No. 2 Port Everglades, Fla. rose 22.99 percent to $385.81 million.
    Exports rose 26.74 percent to $367.3 million. Imports fell 22.53 percent to $18.51 million.
  • Trade with No. 3 Low-Valued Imports and Exports rose 2.85 percent to $229.88 million.
    Exports rose 2.85 percent to $229.88 million. There were no imports.
  • Trade with No. 4 Port of Houston fell 7.16 percent to $210.87 million.
    Exports fell 14.12 percent to $171.18 million. Imports rose 42.78 percent to $39.69 million.
  • Trade with No. 5 Port of Greater Baton Rouge, La. rose 14.84 percent to $189.46 million.
    Exports rose 14.84 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 $3.11 trillion, down 0.58 percent compared to the same period last year. The nation’s exports dropped 1.01 percent to $1.23 trillion; imports dropped 0.3 percent to $1.88 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 $647.62 billion, up compared to the same period of last year when the deficit was $640.85 billion.

The top five U.S. exports to Bahamas by value through September were the categories of Gasoline, other fuels; Low value shipments; Motorboats and yachts; Cell phones, related equipment; and Oils derived from high temperature coal tar, respectively. They accounted for 53.18 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 87.27 percent of all inbound shipments.

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

  • Gasoline, other fuels rose 7.44 percent compared to last year to $818.24 million.
  • Low value shipments rose 2.85 percent compared to last year to $229.88 million.
  • Motorboats and yachts rose 2862.09 percent compared to last year to $157.85 million.
  • Cell phones, related equipment rose 44.23 percent compared to last year to $37.54 million.
  • Oils derived from high temperature coal tar rose 20386 percent compared to last year to $35.94 million.

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

  • Value added to a returned import rose 46.12 percent compared to last year to $129.98 million.
  • Miscellaneous medical chemical re-agents fell 5.77 percent compared to last year to $45.43 million.
  • Shrimp, other crustaceans rose 2.31 percent compared to last year to $28.72 million.
  • Pebbles, gravel rose 9.57 percent compared to last year to $25.53 million.
  • Equipment, parts for repair, including boats for p fell 10.19 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.

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