Overview In 2020 Bahamas was the number 153 economy in the world in terms of total exports and the number 126 in total imports.

Exports The top exports of Bahamas are Refined Petroleum ($339M), Passenger and Cargo Ships ($293M), Raw Aluminium ($109M), Nitrogen Heterocyclic Compounds ($61.3M), and Styrene Polymers ($59.7M), exporting mostly to Singapore ($176M), United States ($175M), Poland ($139M), Germany ($136M), and Ecuador ($109M).

Imports The top imports of Bahamas are Refined Petroleum ($1.6B), Passenger and Cargo Ships ($836M), Crude Petroleum ($376M), Cars ($175M), and Planes, Helicopters, and/or Spacecraft ($162M), importing mostly from United States ($2.57B), Germany ($599M), South Korea ($448M), China ($280M), and Poland ($211M).

Location Bahamas borders Cuba, Haiti, United States, and Turks and Caicos Islands by sea.

Flow
View
Y-AXIS SCALE

The following section uses the most recent trade data from partners of Bahamas.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

Flow
Value
Depth

Data is presented based on data availability. Only countries using the Harmonic System (HS) are selected. Every source is shown using their own latest twelve months of data.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

Historical Data

#permalink to section
Flow
Value
Depth

Top Export (2020): Refined Petroleum, $339M

Top Destination (2020): Singapore, $2.57B

In 2020, Bahamas exported a total of $1.11B, making it the number 153 exporter in the world. During the last five reported years the exports of Bahamas have changed by -$971M from $2.08B in 2015 to $1.11B in 2020.

The most recent exports are led by Refined Petroleum ($339M), Passenger and Cargo Ships ($293M), Raw Aluminium ($109M), Nitrogen Heterocyclic Compounds ($61.3M), and Styrene Polymers ($59.7M). The most common destination for the exports of Bahamas are Singapore ($176M), United States ($175M), Poland ($139M), Germany ($136M), and Ecuador ($109M).

Explore Visualizations

Flow
View

Fastest Growing Export Markets (2019 - 2020)

Fastest Growing Import Markets (2019 - 2020)

Bahamas Exports Services (2019): $4.47B

Bahamas Imports Services (2019): $1.83B

In 2019, Bahamas exported $4.47B worth of services. The top services exported by Bahamas in 2019 were Personal travel ($4.13B), Other business services ($207M), Transportation ($82.2M), and Government services, n.i.e. ($54.1M).

The top services imported by Bahamas in 2019 were Other business services ($648M), Transportation ($442M), Personal travel ($312M), Government services, n.i.e. ($187M), and Insurance services ($143M).

Economic Complexity

#permalink to section

Most Specialized Products by RCA Index

#permalink to section

Bahamas has a high level of specialization in Gravel and Crushed Stone (122), Salt (118), Passenger and Cargo Ships (67.9), Styrene Polymers (50.7), and Scrap Vessels (42.1). Specialization is measured using RCA, an index that takes the ratio between Bahamas observed and expected exports in each product.

Export Opportunities by Relatedness

#permalink to section

The top export opportunities for Bahamas according to the relatedness index, are Petroleum Gas (0.071), Cocoa Beans (0.062), Non-fillet Frozen Fish (0.062), Non-fillet Fresh Fish (0.059), and Gold (0.059). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Bahamas is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

#permalink to section

This network shows the products most related to the production structure of Bahamas. These are products that tend to be co-exported with the products that Bahamas exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

#permalink to section
Filter
Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.