Ireland (IRL) and Bahamas (BHS) Trade

About

Ireland-Bahamas: In 2018, Ireland exported $3.86M to Bahamas. The main products that Ireland exported to Bahamas are Butter ($2.18M), Scented Mixtures ($997k), and Other Edible Preparations ($230k). During the last 23 years the exports of Ireland to Bahamas have increased at an annualized rate of 0.92%, from $3.13M in 1995 to $3.86M in 2018.

In 2018, Ireland did not exported services to Bahamas.

Bahamas-Ireland: In 2018, Bahamas exported $70.3M to Ireland . The main products that Bahamas exported to Ireland were Nitrogen Heterocyclic Compounds ($64.7M), Hard Liquor ($5.55M), and Paintings ($1.23k). During the last 23 years the exports of Ireland to Bahamas have increased at an annualized rate of 0.92%, from $3.13M in 1995 to $3.86M in 2018.

In 2018, Bahamas did not exported services to Ireland.

Comparison: In 2018, Ireland ranked 17 in the Economic Complexity Index (ECI 1.35), and 31 in total exports ($175B). That same year, Bahamas ranked 147 in total exports ($1.17B), and does not have data regarding Economic Complexity Index.

Product Trade

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Bilateral Trade by Products

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Depth

Value

Year

In 2018, Ireland exported $3.86M to Bahamas. The main products exported from Ireland to Bahamas were Butter ($2.18M), Scented Mixtures ($997k), and Other Edible Preparations ($230k). During the last 23 years the exports of Ireland to Bahamas have increased at an annualized rate of 0.92%, from $3.13M in 1995 to $3.86M in 2018.

In 2018, Bahamas exported $70.3M to Ireland. The main products exported from Bahamas to Ireland were Nitrogen Heterocyclic Compounds ($64.7M), Hard Liquor ($5.55M), and Paintings ($1.23k). During the last 23 years the exports of Bahamas to Ireland have increased at an annualized rate of 14.2%, from $3.32M in 1995 to $70.3M in 2018.

Latest Data

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Date

Market Competitiveness

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Measure

SectionYear

Ireland
Top Destination: United States, $49.3B

Bahamas
Top Destination: Poland, $349M

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

In 2018, countries that imported more from Ireland than Bahamas were United States ($49.3B), United Kingdom ($18.5B), and Belgium-Luxembourg ($17B).

In 2018, countries that imported more from Bahamas than Ireland were Angola ($59.3M), Barbados ($29.8M), and Bermuda ($26.9M).

Comparative Advantage Ireland - Bahamas

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Depth

Year

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

During 2018, Ireland had a large net trade with Bahamas in the exports of Animal Products ($2.32M), Chemical Products ($1.05M), and Foodstuffs ($281k).

During 2018, Bahamas had a large net trade with Ireland in the exports of Chemical Products ($64.7M), Foodstuffs ($5.55M), and Arts and Antiques ($1.23k).

Tariff Section

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Tariffs

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

In 2017, the products from Ireland that paid the highest import tariffs to enter Bahamas were Grape wines, alcoholic grape must nes (15.2%) and Wine; still, in containers holding more than 2 litres but not more than 10 litres (5.08%).

In 2018, the products from Bahamas that paid the highest import tariffs to enter Ireland were Articles and accessories for billiards (43%) and Parts for diesel and semi-diesel engines (35%).

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*The tariffs present between Ireland and Bahamas are:
109: Caribbean Forum (CARIFORUM) - European Union Economic Partnership Agreements (EPA)
122: EU preferential tariff for sugar producing countries
136: Most Favoured Nation duty rate treatement

Forecasts

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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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Economic Complexity

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Competitive Landscape

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Year

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 Ireland has comparative advantage over Bahamas. Similarly, the more red a dot/product is, the more Bahamas has comparative advantage over Ireland.

About

Product Trade

Bilateral Trade by Products

Latest Data

Market Competitiveness

Comparative Advantage Ireland - Bahamas

Tariff Section

Tariffs

Forecasts

Trade Forecasts

Economic Complexity

Competitive Landscape

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