Flag United States / Bahamas Flag

Exports Flag β†’ Flag  (2018): $2.21B, Rnk 58 / 215

Top Product Flag β†’ Flag (2018): $994M, Refined Petroleum

Exports Flag β†’ Flag (2018): $301M, Rnk 2 / 84

Top Product Flag β†’ Flag (2018): $115M, Refined Petroleum

Economic Complexity of Flag (2018): ECI 1.57, Rnk 9 / 137

GDP Flag (2018): $20.5T, CURRENT US$
Rnk 1 / 196

GDP GROWTH Flag (2008-2018): 39.6%, CURRENT US$
Rnk 99 / 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): $62,795, CURRENT US$
Rnk 10 / 196

GDP PC GROWTH Flag (2008-2018): 29.8%, CURRENT US$
Rnk 81 / 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

United States-Bahamas: In 2018, United States exported $2.21B to Bahamas. The main products that United States exported to Bahamas are Refined Petroleum ($994M), Coal Tar Oil ($70.1M), and Crude Petroleum ($54.9M). During the last 23 years the exports of United States to Bahamas have increased at an annualized rate of 5.96%, from $584M in 1995 to $2.21B in 2018.

In 2018, United States did not exported services to Bahamas.

Bahamas-United States: In 2018, Bahamas exported $301M to United States . The main products that Bahamas exported to United States were Refined Petroleum ($115M), Styrene Polymers ($65.5M), and Crustaceans ($49.3M). During the last 23 years the exports of United States to Bahamas have increased at an annualized rate of 5.96%, from $584M in 1995 to $2.21B in 2018.

In 2018, Bahamas did not exported services to United States.

Comparison: In 2018,  United States ranked 9 in the Economic Complexity Index (ECI 1.57),  and 3 in total exports ($1.44T). 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, United States exported $2.21B to Bahamas. The main products exported from United States to Bahamas were Refined Petroleum ($994M), Coal Tar Oil ($70.1M), and Crude Petroleum ($54.9M). During the last 23 years the exports of United States to Bahamas have increased at an annualized rate of 5.96%, from $584M in 1995 to $2.21B in 2018.

In 2018, Bahamas exported $301M to United States. The main products exported from Bahamas to United States were Refined Petroleum ($115M), Styrene Polymers ($65.5M), and Crustaceans ($49.3M). During the last 23 years the exports of Bahamas to United States have increased at an annualized rate of 2.92%, from $155M in 1995 to $301M in 2018.

Market Competitiveness

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Measure

United States
Top Destination
: Mexico, $237B

Bahamas
Top Destination
: Poland, $349M

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

In 2018, countries that imported more from United States than Bahamas were Mexico ($237B), Canada ($190B), and China ($119B).

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

Comparative Advantage United States - Bahamas

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Depth

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

During 2018, United States had a large net trade with Bahamas in the exports of Mineral Products ($1.18B), Machines ($198M), and Chemical Products ($142M).

During 2018, Bahamas had a large net trade with United States in the exports of Mineral Products ($169M), Plastics and Rubbers ($65.6M), and Animal Products ($56.1M).

Tariff Section

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

In 2018, the products from United States that paid the highest import tariffs to enter Bahamas were Tobacco: smoking, other than water pipe tobacco, whether or not containing tobacco substitutes in any proportion (350%) and Homogenized or reconstituted tobacco (350%).

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

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*The tariffs present between United States and Bahamas are:
110: CBERA Caribbean Basin Economic Recovery Act
110: CBERA Caribbean Basin Economic Recovery Act
136: Most Favoured Nation duty rate treatement
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 United States has comparative advantage over Bahamas. Similarly, the more red a dot/product is, the more Bahamas has comparative advantage over United States.