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2022
Flag → Flag
Exports $30.3kRnk 57 / 112
2022
Flag → Flag
Top Product $27.1kCrustaceans
2022
Flag → Flag
Exports $7.71MRnk 169 / 222
2022
Flag → Flag
Top Product $1.81MOther Frozen Vegetables
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag  
GDP$12.9BCURRENT US$
Rnk 139 / 186
2012-2022
Flag
GDP GROWTH20.3%CURRENT US$
Rnk 122 / 186
2022
Flag
 GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC $31,458CURRENT US$
Rnk 35 / 186
2012-2022
Flag
GDP PC GROWTH12.1%CURRENT US$
Rnk 109 / 186
2022
Flag
GDP PC$49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186

About

Bahamas-Belgium Trade: In 2022, Bahamas exported $30.3k to Belgium. The main products that Bahamas exported to Belgium were Crustaceans ($27.1k), Refined Petroleum ($1k), and Electrical Ignitions ($526). Over the past 5 years the exports of Bahamas to Belgium have decreased at an annualized rate of 64.1%, from $5.09M in 2017 to $30.3k in 2022.

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

Belgium-Bahamas Trade: In 2022, Belgium exported $7.71M to Bahamas. The main products that Belgium exported to Bahamas were Other Frozen Vegetables ($1.81M), Electric Batteries ($1.07M), and Malt ($615k). Over the past 5 years the exports of Belgium to Bahamas have increased at an annualized rate of 4.9%,  from $6.07M in 2017 to $7.71M in 2022.

In 2022, Belgium 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, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bahamas exported $30.3k to Belgium. The main products exported from Bahamas to Belgium were Crustaceans ($27.1k), Refined Petroleum ($1k), and Electrical Ignitions ($526). During the last 5 years the exports of Bahamas to Belgium have decreased at an annualized rate of 64.1%, from $5.09M in 2017 to $30.3k in 2022.

In 2017, Belgium exported $7.71M to Bahamas. The main products exported from Belgium to Bahamas were Other Frozen Vegetables ($1.81M), Electric Batteries ($1.07M), and Malt ($615k). During the last 5 years the exports of Belgium to Bahamas have increased at an annualized rate of 4.9%, from $6.07M in 2022 to $7.71M in 2017.

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

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

Latest Data

Trade between Bahamas (Flag) and Belgium (Flag)

Belgium Exports

Market Competitiveness

Color
Bahamas
Top DestinationUnited States$1.4B
Belgium
Top DestinationGermany$91.9B

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

In 2022, countries that imported more from Bahamas than Belgium included Barbados ($30M), Seychelles ($20.5M), and Bermuda ($3.41M).

In 2022, countries that imported more from Belgium than Bahamas included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

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

Comparative Advantage Bahamas - Belgium

Flow
Scale

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

During 2022, Bahamas had a large net trade with Belgium in the exports of Animal Products ($27.1k), Mineral Products ($1k), and Machines ($668).

During 2017, Belgium had a large net trade with Bahamas in the exports of Foodstuffs ($1.98M), Machines ($1.4M), and Vegetable Products ($1.33M).

Economic Complexity

Competitive Landscape

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

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

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