Flag Canada / Bahamas Flag

Exports Flag β†’ Flag  (2018): $299M, Rnk 50 / 212

Top Product Flag β†’ Flag (2018): $277M, Refined Petroleum

Exports Flag β†’ Flag (2018): $3.43M, Rnk 24 / 84

Top Product Flag β†’ Flag (2018): $1.89M, Crustaceans

Economic Complexity of Flag (2018): ECI 0.98, Rnk 25 / 137

GDP Flag (2018): $1.71T, CURRENT US$
Rnk 10 / 196

GDP GROWTH Flag (2008-2018): 10.6%, CURRENT US$
Rnk 141 / 196

GDP Flag (2018): $12.4B, CURRENT US$
Rnk 136 / 196

GDP GROWTH Flag (2008-2018): 18%, CURRENT US$
Rnk 129 / 196

GDP PC Flag (2018): $46,233, CURRENT US$
Rnk 20 / 196

GDP PC GROWTH Flag (2008-2018): -0.78%, CURRENT US$
Rnk 149 / 196

GDP PC Flag (2018): $32,218, CURRENT US$
Rnk 31 / 196

GDP PC GROWTH Flag (2008-2018): 5.19%, CURRENT US$
Rnk 128 / 196

Canada-Bahamas: In 2018, Canada exported $299M to Bahamas. The main products that Canada exported to Bahamas are Refined Petroleum ($277M), Other Frozen Vegetables ($4.91M), and Cheese ($1.81M). During the last 23 years the exports of Canada to Bahamas have increased at an annualized rate of 13.8%, from $15.4M in 1995 to $299M in 2018.

In 2017, Canada exported services to Bahamas worth $34M, with Travel ($34M) being the largest in terms of value.

Bahamas-Canada: In 2018, Bahamas exported $3.43M to Canada . The main products that Bahamas exported to Canada were Crustaceans ($1.89M), Salt ($1.36M), and Paintings ($95.2k). During the last 23 years the exports of Canada to Bahamas have increased at an annualized rate of 13.8%, from $15.4M in 1995 to $299M in 2018.

In 2018, Bahamas did not exported services to Canada.

Comparison: In 2018,  Canada ranked 25 in the Economic Complexity Index (ECI 0.98),  and 12 in total exports ($431B). That same year, Bahamas ranked 147 in total exports ($1.17B), and does not have data regarding Economic Complexity Index.

Bilateral Trade by Products

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Depth
Value

In 2018, Canada exported $299M to Bahamas. The main products exported from Canada to Bahamas were Refined Petroleum ($277M), Other Frozen Vegetables ($4.91M), and Cheese ($1.81M). During the last 23 years the exports of Canada to Bahamas have increased at an annualized rate of 13.8%, from $15.4M in 1995 to $299M in 2018.

In 2018, Bahamas exported $3.43M to Canada. The main products exported from Bahamas to Canada were Crustaceans ($1.89M), Salt ($1.36M), and Paintings ($95.2k). During the last 23 years the exports of Bahamas to Canada have decreased at an annualized rate of 5.32%, from $12.1M in 1995 to $3.43M in 2018.

Market Competitiveness

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Measure

Canada
Top Destination
: United States, $314B

Bahamas
Top Destination
: Poland, $349M

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 2018, countries that imported more from Canada than Bahamas were United States ($314B), China ($21.5B), and United Kingdom ($12.9B).

In 2018, no countries were registered that imported more from Bahamas than from Canada.

Comparative Advantage Canada - Bahamas

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Depth

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

During 2018, Canada had a large net trade with Bahamas in the exports of Mineral Products ($279M), Foodstuffs ($7M), and Animal Products ($2.38M).

During 2018, Bahamas had a large net trade with Canada in the exports of Animal Products ($1.9M), Mineral Products ($1.36M), and Arts and Antiques ($102k).

Tariff Section

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This section shows import tariffs for products traded between Canada and Bahamas (using the HS6 product classification and the last year reported).

In 2018, the products from Canada that paid the highest import tariffs to enter Bahamas were Dairy produce: fats and oils derived from milk (other than butter or dairy spreads) (314%) and Dairy produce: derived from milk, butter (299%).

In 2018, the products from Bahamas that paid the highest import tariffs to enter Canada were Mineral and aerated waters not sweetened or flavoured (100%) and Ice, snow and potable water not sweetened or flavoure (100%).

Explore Tariff Data

*The tariffs present between Canada and Bahamas are:
108: Caribbean Canada Trade Agreement (CARIBCAN) (Canada - Anguilla, Antigua and Barbuda, Bahamas, Bermuda, Barbados, Belize, British Virgin Islands, Cayman Islands, Dominica, Grenada, Guyana, Jamaica, Mon
136: Most Favoured Nation duty rate treatement

Trade Forecasts

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This section shows a forecast for total trade between ${linkedName1} and ${linkedName2}. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

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Bilateral Service Trade

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In 2017, Canada exported services to Bahamas worth $34M, with Travel ($34M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Canada has comparative advantage over Bahamas. Similarly, the more red a dot/product is, the more Bahamas has comparative advantage over Canada.