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Bahamas

Bahamas ranked No. 67 in total trade value through March with a total of $892.03 million. Exports totaled $789.96 million and Imports totaled $102.08 million, a surplus of $687.88 million.

January – March 2019

Top Trading Ports

Total Trade: $892.03 million

RankPortTotal YTD
1Port of Palm Beach, Fla. $224,136,562
2Port Everglades, Fla. $140,207,979
3Port of Greater Baton Rouge, La. $89,351,805
4Low-Valued Imports and Exports $80,083,103
5Port of New Orleans $61,377,936
6Port of Lake Charles, La. $53,081,825
7Port of Houston $49,084,012
8Port Miami $31,745,303
9Brownsville International Bridges $31,292,734
10Miami International Airport $20,952,489

U.S. trade with Bahamas rose to $892.03 million through March

Bahamas’s trade with the United States rose to $892.03 million through the first three months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 26.5 percent above its total trade during the same time period last year. Bahamas’s exports increased 25.75 percent while imports rose 32.65 percent. The U.S. surplus with Bahamas was $687.88 million.

Through March, 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 Greater Baton Rouge, La.; No. 4 Low-Valued Imports and Exports; and No. 5 Port of New Orleans. 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 Houston No. 4 Port of Greater Baton Rouge, La. and No. 5 Low-Valued Imports and Exports. In the current time period, the top five accounted for 66.72 percent of Bahamas’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Palm Beach, Fla. rose 14.2 percent to $224.14 million.
    Exports rose 14.42 percent to $204.64 million. Imports rose 12.02 percent to $19.49 million.
  • Trade with No. 2 Port Everglades, Fla. rose 37.94 percent to $140.21 million.
    Exports rose 47.87 percent to $128.99 million. Imports fell 22.17 percent to $11.22 million.
  • Trade with No. 3 Port of Greater Baton Rouge, La. rose 33.25 percent to $89.35 million.
    Exports rose 33.25 percent to $89.35 million. There were no imports.
  • Trade with No. 4 Low-Valued Imports and Exports rose 24.87 percent to $80.08 million.
    Exports rose 24.87 percent to $80.08 million. There were no imports.
  • Trade with No. 5 Port of New Orleans rose 25.14 percent to $61.38 million.
    Exports rose 24.1 percent to $60.57 million. Imports rose 234.59 percent to $812,449.

Bahamas ranked No. 67 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 $1.01 trillion, up 0.65 percent compared to the same period last year. The nation’s exports climbed 1.42 percent to $408.22 billion; imports climbed 0.13 percent to $598.47 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 $190.25 billion, down compared to the same period of last year when the deficit was $195.16 billion.

The top five U.S. exports to Bahamas by value through March were the categories of Gasoline, other fuels; Low value shipments; Oils derived from high temperature coal tar; Cyclic hydrocarbons; and Jewelry, parts, respectively. They accounted for 48.84 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 Various forms of salt –– accounted for 88.91 percent of all inbound shipments.

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

  • Gasoline, other fuels rose 40.58 percent compared to last year to $249.12 million.
  • Low value shipments rose 24.87 percent compared to last year to $80.08 million.
  • Oils derived from high temperature coal tar rose 131147 percent compared to last year to $28.48 million.
  • Cyclic hydrocarbons rose 57.1 percent compared to last year to $14.6 million.
  • Jewelry, parts fell 24.5 percent compared to last year to $13.52 million.

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

  • Value added to a returned import rose 83.36 percent compared to last year to $45.01 million.
  • Miscellaneous medical chemical re-agents rose 27.2 percent compared to last year to $16.25 million.
  • Shrimp, other crustaceans rose 4.14 percent compared to last year to $15.09 million.
  • Pebbles, gravel rose 3.23 percent compared to last year to $7.61 million.
  • Various forms of salt fell 3.22 percent compared to last year to $6.79 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.