2022
Flag  
GDP
$12.9BCURRENT US$
Rnk 139 / 186
2012-2022
Flag
GDP GROWTH
20.3%CURRENT US$
Rnk 122 / 186
2022
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 GDP
$1.68TCURRENT US$
Rnk 12 / 186
2012-2022
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GDP GROWTH
8.3%CURRENT US$
Rnk 148 / 186
2022
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GDP PC 
$31,458CURRENT US$
Rnk 35 / 186
2012-2022
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GDP PC GROWTH
12.1%CURRENT US$
Rnk 109 / 186
2022
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GDP PC
$64,491CURRENT US$
Rnk 11 / 186
2012-2022
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GDP PC GROWTH
-5.23%CURRENT US$
Rnk 153 / 186

About

Bahamas-Australia Trade: In 2022, Bahamas exported $3.97M to Australia. The main products that Bahamas exported to Australia were Crustaceans ($1.43M), Knitted Hats ($3.97k), and Non-Knit Women's Coats ($2.91k). Over the past 5 years the exports of Bahamas to Australia have increased at an annualized rate of 3.47%, from $3.35M in 2017 to $3.97M in 2022.

In 2022, Bahamas did not export any services to Australia.

Australia-Bahamas Trade: In 2022, Australia exported $8.38M to Bahamas. The main products that Australia exported to Bahamas were Passenger and Cargo Ships ($3.08M), Sheep and Goat Meat ($2.58M), and Edible Offal ($1.18M). Over the past 5 years the exports of Australia to Bahamas have increased at an annualized rate of 59.2%,  from $819k in 2017 to $8.38M in 2022.

In 2022, Australia did not export any services to Bahamas.

Comparison In 2022,  Bahamas ranked 139 in total exports ($2.83B), and does not have data regarding Economic Complexity Index. That same year, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bahamas exported $3.97M to Australia. The main products exported from Bahamas to Australia were Crustaceans ($1.43M), Knitted Hats ($3.97k), and Non-Knit Women's Coats ($2.91k). During the last 5 years the exports of Bahamas to Australia have increased at an annualized rate of 3.47%, from $3.35M in 2017 to $3.97M in 2022.

In 2017, Australia exported $8.38M to Bahamas. The main products exported from Australia to Bahamas were Passenger and Cargo Ships ($3.08M), Sheep and Goat Meat ($2.58M), and Edible Offal ($1.18M). During the last 22 years the exports of Australia to Bahamas have increased at an annualized rate of 59.2%, from $819k in 1995 to $8.38M in 2017.

Exports from Bahamas (Flag) to Australia (Flag) (2022)

Exports from Australia (Flag) to Bahamas (Flag) (2022)

Latest Data

Trade between Bahamas (Flag) and Australia (Flag)

Australia Exports

Market Competitiveness

Color
Bahamas
Top Destination
United States$1.4B
Australia
Top Destination
China$123B

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

In 2022, countries that imported more from Bahamas than Australia included Cote d'Ivoire ($576M), Guatemala ($42.2M), and Barbados ($30M).

In 2022, countries that imported more from Australia than Bahamas included China ($123B), Japan ($80.1B), and South Korea ($41B).

Difference in imports from Australia (Flag) and Bahamas (Flag) (2022)

Comparative Advantage Bahamas - Australia

Flow
Scale

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

During 2022, Bahamas had a large net trade with Australia in the exports of Animal Products ($1.43M), Textiles ($6.01k), and Footwear and Headwear ($4.77k).

During 2017, Australia had a large net trade with Bahamas in the exports of Animal Products ($3.82M), Transportation ($3.08M), and Machines ($845k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Bahamas and Australia. This means that a dot/product with the flag of Bahamas indicates it has a comparative advantage over Australia. Similarly, a dot/product with the flag of Australia indicates it has a comparative advantage over Bahamas.

Product Space of Bahamas (Flag) and Australia (Flag) (2022)

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