| December 2011 |
Total Exports To Bahamas
| Rank | Commodity | Total YTD Exports |
|---|---|---|
1 | Oil, not crude | $1,741,531,976 |
2 | Low value shipments | $346,830,291 |
3 | Cyclic hydrocarbons | $79,818,732 |
4 | Petroleum gases, other gaseous hydrocarbons | $35,408,677 |
5 | Misc. iron or steel structures and parts | $33,443,730 |
6 | Jewelry, parts | $30,823,238 |
7 | Perfumes | $27,399,930 |
8 | Motor vehicles for transporting people | $25,636,622 |
9 | Poultry, fresh, chilled or frozen | $23,739,420 |
10 | Furniture, parts | $23,548,121 |
Total Imports From Bahamas
| Rank | Commodity | Total YTD Imports |
|---|---|---|
1 | Oil, not crude | $440,487,217 |
2 | Miscellaneous medical chemical re-agents | $124,586,460 |
3 | Imports of returned exports | $106,570,749 |
4 | Live crustaceans | $41,776,598 |
5 | Pebbles, gravel | $14,718,574 |
6 | Scrap of precious metal | $12,567,107 |
7 | Various forms of salt | $8,937,482 |
8 | Equipment, parts for repair, including boats for p | $5,267,488 |
9 | Mussels, scallops, other mollusks | $3,446,917 |
10 | Copper waste and scrap | $3,303,074 |
| December 2011 |
Top Bahamas Trading Partners
| Rank | District | Total YTD |
|---|---|---|
1 | Miami | $1,380,394,200 |
2 | Houston | $805,828,082 |
3 | New Orleans | $740,966,277 |
4 | Low Value Shipments | $348,642,675 |
5 | Jacksonville/Tampa | $221,522,485 |
6 | New York City | $217,780,395 |
7 | U.S. Virgin Islands | $107,532,071 |
8 | San Juan | $90,635,457 |
9 | Philadelphia | $88,352,100 |
10 | Mobile | $59,332,411 |
Top US Trading Partners
| Rank | Country | Total YTD |
|---|---|---|
1 | CANADA | $597,274,944,549 |
2 | CHINA | $503,213,619,839 |
3 | MEXICO | $460,649,477,741 |
4 | JAPAN | $194,979,609,039 |
5 | GERMANY | $147,534,677,099 |
6 | UNITED KINGDOM | $107,139,897,120 |
7 | SOUTH KOREA | $100,140,537,899 |
8 | BRAZIL | $74,315,279,527 |
9 | FRANCE | $67,827,737,671 |
10 | TAIWAN | $67,226,178,764 |
Bahamas’s trade rose to $4,201,006,588 through December
Bahamas’s trade with the United States rose to $4,201,006,588 through the first 12 months of 2011, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 4.71 percent above its total trade during the same time period last year. Bahamas’s exports increased 6.03 percent while imports dropped -0.69 percent. The U.S. surplus with Bahamas was $2,635,208,744.
Through December, Bahamas’s top U.S. Customs districts for total imports and exports were No. 1 Miami, No. 2 Houston, No. 3 New Orleans, No. 4 Low Value Shipments and No. 5 Jacksonville/Tampa compared to last year when the top spots were held by No. 1 Miami, No. 2 New Orleans, No. 3 Houston, No. 4 Low Value Shipments and No. 5 San Juan. In the current time period, the top five accounted for 20.12 percent of Bahamas’s U.S. trade.. That compares to 14.72 percent for the nation’s top five Customs districts during the same time period.Taking a closer look at the leading U.S. gateways for U.S. trade with Bahamas,:
- Trade with No. 1 Miami rose 12.84 percent to $1,380,394,200.
Exports rose 13.11 percent to $1,064,211,103. Imports rose 11.96 percent to $316,183,097. - Trade with No. 2 Houston rose 44.16 percent to $805,828,082.
Exports rose 47.71 percent to $745,796,245. Imports rose 11.01 percent to $60,031,837. - Trade with No. 3 New Orleans rose 7.42 percent to $740,966,277.
Exports fell -10.32 percent to $602,963,870. Imports rose 690.27 percent to $138,002,407. - Trade with No. 4 Low Value Shipments rose 2.21 percent to $348,642,675.
Exports rose 2.20 percent to $346,830,291. Imports rose 4.60 percent to $1,812,384. - Trade with No. 5 Jacksonville/tampa rose 19.19 percent to $221,522,485.
Exports rose 4.35 percent to $107,402,306. Imports rose 37.60 percent to $114,120,179.
Through December, 27 Customs districts posted trade surpluses with Bahamas while 7 had deficits. That compares with 28 surpluses and 12 deficits for the same period one year ago. The top surplus was with Miami at $748,028,006, the largest deficit was with San Juan at $-67,737,679.
Meanwhile, total U.S. trade with the world increased to $3,687,481,148,857, up 15.61 percent compared to the same period last year. The nation’s exports climbed 6.37 percent to $203,048,192,676; imports rose 9.24 percent to $294,837,399,059. The nation’s top five countries so far this year, by value, are Canada, China, Mexico, Japan and Germany. The overall trade deficit was $-726,376,899,731, up compared to the same period of last year when the deficit was $-634,587,693,348.
The top five U.S. exports to Bahamas by value through December were oil, not crude; low value shipments; cyclic hydrocarbons; petroleum gases, other gaseous hydrocarbons; and misc. iron or steel structures and parts, respectively. They accounted for 65.45 percent of total exports to Bahamas.
The value of the top five U.S. imports from Bahamas -- oil, not crude; miscellaneous medical chemical re-agents; imports of returned exports; live crustaceans; and pebbles, gravel -- accounted for 93.01 percent of all inbound shipments.
Looking more closely at U.S. exports to Bahamas:
- Oil, not crude rose 0.49 percent compared to last year to $1,741,531,976.
- Low value shipments rose 2.20 percent compared to last year to $346,830,291.
- Cyclic hydrocarbons rose 33.79 percent compared to last year to $79,818,732.
- Petroleum gases, other gaseous hydrocarbons rose 942.51 percent compared to last year to $35,408,677.
- Misc. iron or steel structures and parts rose 52.16 percent compared to last year to $33,443,730.
Looking more closely at U.S. imports from Bahamas
- Oil, not crude fell -1.36 percent compared to last year to $440,487,217.
- Miscellaneous medical chemical re-agents rose 28.52 percent compared to last year to $124,586,460.
- Imports of returned exports fell -11.48 percent compared to last year to $106,570,749.
- Live crustaceans fell -11.03 percent compared to last year to $41,776,598.
- Pebbles, gravel rose 2.32 percent compared to last year to $14,718,574.
In the latest annual figures available, Bahamas recorded $4,012,040,004 in trade with the United States. At year’s end, its top five Customs districts were Miami, New Orleans, Houston, Low Value Shipments and San Juan. Total U.S. exports to Bahamas were $3,223,680,880 and imports from Bahamas were $788,359,124. The U.S. surplus with Bahamas was $2,435,321,756.