2022
Flag  
GDP
$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH
17%CURRENT US$
Rnk 129 / 186
2022
Flag
 GDP
$12.9BCURRENT US$
Rnk 139 / 186
2012-2022
Flag
GDP GROWTH
20.3%CURRENT US$
Rnk 122 / 186
2022
Flag
GDP PC 
$54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH
4.36%CURRENT US$
Rnk 130 / 186
2022
Flag
GDP PC
$31,458CURRENT US$
Rnk 35 / 186
2012-2022
Flag
GDP PC GROWTH
12.1%CURRENT US$
Rnk 109 / 186

About

Canada-Bahamas Trade: In 2022, Canada exported $199M to Bahamas. The main products that Canada exported to Bahamas were Refined Petroleum ($158M), Other Frozen Vegetables ($4.07M), and Gas Turbines ($3.35M). Over the past 5 years the exports of Canada to Bahamas have increased at an annualized rate of 2.59%, from $175M in 2017 to $199M in 2022.

In 2020, Canada exported services to Bahamas worth $86.5M, with Financial services ($39.5M), Travel ($35.8M), and Royalties and license fees ($10.4M) being the largest in terms of value.

Bahamas-Canada Trade: In 2022, Bahamas exported $8.43M to Canada. The main products that Bahamas exported to Canada were Nitrogen Heterocyclic Compounds ($4.85M), Paintings ($1.49M), and Crustaceans ($918k). Over the past 5 years the exports of Bahamas to Canada have decreased at an annualized rate of 2.91%,  from $10.4M in 2017 to $8.43M in 2022.

In 2022, Bahamas did not export any services to Canada.

Comparison In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92),  and 9 in total exports ($587B). That same year, Bahamas ranked 139 in total exports ($2.83B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $199M to Bahamas. The main products exported from Canada to Bahamas were Refined Petroleum ($158M), Other Frozen Vegetables ($4.07M), and Gas Turbines ($3.35M). During the last 5 years the exports of Canada to Bahamas have increased at an annualized rate of 2.59%, from $175M in 2017 to $199M in 2022.

In 2017, Bahamas exported $8.43M to Canada. The main products exported from Bahamas to Canada were Nitrogen Heterocyclic Compounds ($4.85M), Paintings ($1.49M), and Crustaceans ($918k). During the last 5 years the exports of Bahamas to Canada have decreased at an annualized rate of 2.91%, from $10.4M in 2022 to $8.43M in 2017.

Exports from Canada (Flag) to Bahamas (Flag) (2022)

Exports from Bahamas (Flag) to Canada (Flag) (2022)

Market Competitiveness

Color
Canada
Top Destination
United States$438B
Bahamas
Top Destination
United States$1.4B

This map shows whether countries import more from Canada or Bahamas. Each country is colored based on the difference in imports they receive from Canada and Bahamas or the difference in the growth in imports.

In 2022, countries that imported more from Canada than Bahamas included United States ($438B), China ($25.4B), and Japan ($14.3B).

In 2022, countries that imported more from Bahamas than Canada included Cote d'Ivoire ($576M) and Seychelles ($20.5M).

Difference in imports from Bahamas (Flag) and Canada (Flag) (2022)

Comparative Advantage Canada - Bahamas

Flow
Scale

This chart compares trade between Canada and Bahamas by product, considering products traded by both, Canada and Bahamas.

During 2022, Canada had a large net trade with Bahamas in the exports of Mineral Products ($158M), Machines ($8.71M), and Foodstuffs ($7.25M).

During 2017, Bahamas had a large net trade with Canada in the exports of Chemical Products ($4.86M), Arts and Antiques ($1.49M), and Animal Products ($924k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Canada and Bahamas. This means that a dot/product with the flag of Canada indicates it has a comparative advantage over Bahamas. Similarly, a dot/product with the flag of Bahamas indicates it has a comparative advantage over Canada.

Product Space of Canada (Flag) and Bahamas (Flag) (2022)

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