Flag Italy / Bahamas Flag

Exports Flag β†’ Flag  (2018): $228M, Rnk 101 / 213

Top Product Flag β†’ Flag (2018): $193M, Refined Petroleum

Exports Flag β†’ Flag (2018): $1.11M, Rnk 35 / 84

Top Product Flag β†’ Flag (2018): $541k, Perfume Plants

Economic Complexity of Flag (2018): ECI 1.31, Rnk 18 / 137

GDP Flag (2018): $2.08T, CURRENT US$
Rnk 8 / 196

GDP GROWTH Flag (2008-2018): -13.1%, CURRENT US$
Rnk 187 / 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): $34,483, CURRENT US$
Rnk 29 / 196

GDP PC GROWTH Flag (2008-2018): -15.4%, CURRENT US$
Rnk 176 / 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

Italy-Bahamas: In 2018, Italy exported $228M to Bahamas. The main products that Italy exported to Bahamas are Refined Petroleum ($193M), Other Furniture ($3.56M), and Machinery Having Individual Functions ($3.5M). During the last 23 years the exports of Italy to Bahamas have increased at an annualized rate of 14.4%, from $10.3M in 1995 to $228M in 2018.

In 2018, Italy did not exported services to Bahamas.

Bahamas-Italy: In 2018, Bahamas exported $1.11M to Italy . The main products that Bahamas exported to Italy were Perfume Plants ($541k), Other Hand Tools ($145k), and Scrap Aluminium ($69.3k). During the last 23 years the exports of Italy to Bahamas have increased at an annualized rate of 14.4%, from $10.3M in 1995 to $228M in 2018.

In 2018, Bahamas did not exported services to Italy.

Comparison: In 2018,  Italy ranked 18 in the Economic Complexity Index (ECI 1.31),  and 8 in total exports ($540B). 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, Italy exported $228M to Bahamas. The main products exported from Italy to Bahamas were Refined Petroleum ($193M), Other Furniture ($3.56M), and Machinery Having Individual Functions ($3.5M). During the last 23 years the exports of Italy to Bahamas have increased at an annualized rate of 14.4%, from $10.3M in 1995 to $228M in 2018.

In 2018, Bahamas exported $1.11M to Italy. The main products exported from Bahamas to Italy were Perfume Plants ($541k), Other Hand Tools ($145k), and Scrap Aluminium ($69.3k). During the last 23 years the exports of Bahamas to Italy have decreased at an annualized rate of 11.4%, from $17.9M in 1995 to $1.11M in 2018.

Market Competitiveness

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Measure

Italy
Top Destination
: Germany, $67.8B

Bahamas
Top Destination
: Poland, $349M

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

In 2018, countries that imported more from Italy than Bahamas were Germany ($67.8B), France ($56.4B), and United States ($50.6B).

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

Comparative Advantage Italy - Bahamas

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Depth

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

During 2018, Italy had a large net trade with Bahamas in the exports of Mineral Products ($193M), Machines ($9.52M), and Metals ($7.96M).

During 2018, Bahamas had a large net trade with Italy in the exports of Vegetable Products ($551k), Metals ($292k), and Animal Products ($102k).

Tariff Section

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

In 2017, the products from Italy 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 Italy were Articles and accessories for billiards (43%) and Parts for diesel and semi-diesel engines (35%).

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*The tariffs present between Italy 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

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