2022
Flag  
GDP
$12.9BCURRENT US$
Rnk 139 / 186
2012-2022
Flag
GDP GROWTH
20.3%CURRENT US$
Rnk 122 / 186
2022
Flag
 GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
GDP PC 
$31,458CURRENT US$
Rnk 35 / 186
2012-2022
Flag
GDP PC GROWTH
12.1%CURRENT US$
Rnk 109 / 186
2022
Flag
GDP PC
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186

About

Bahamas-South Korea Trade: In 2022, Bahamas exported $76.4k to South Korea. The main products that Bahamas exported to South Korea were Prints ($16.6k), Non-Knit Women's Suits ($15.7k), and Scrap Iron ($14.7k). Over the past 5 years the exports of Bahamas to South Korea have decreased at an annualized rate of 7.2%, from $111k in 2017 to $76.4k in 2022.

In 2022, Bahamas did not export any services to South Korea.

South Korea-Bahamas Trade: In 2022, South Korea exported $537M to Bahamas. The main products that South Korea exported to Bahamas were Passenger and Cargo Ships ($339M), Special Purpose Ships ($181M), and Cars ($5.64M). Over the past 5 years the exports of South Korea to Bahamas have decreased at an annualized rate of 20.9%,  from $1.74B in 2017 to $537M in 2022.

In 2022, South Korea 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bahamas exported $76.4k to South Korea. The main products exported from Bahamas to South Korea were Prints ($16.6k), Non-Knit Women's Suits ($15.7k), and Scrap Iron ($14.7k). During the last 5 years the exports of Bahamas to South Korea have decreased at an annualized rate of 7.2%, from $111k in 2017 to $76.4k in 2022.

In 2017, South Korea exported $537M to Bahamas. The main products exported from South Korea to Bahamas were Passenger and Cargo Ships ($339M), Special Purpose Ships ($181M), and Cars ($5.64M). During the last 5 years the exports of South Korea to Bahamas have decreased at an annualized rate of 20.9%, from $1.74B in 2022 to $537M in 2017.

Exports from Bahamas (Flag) to South Korea (Flag) (2022)

Exports from South Korea (Flag) to Bahamas (Flag) (2022)

Latest Data

Trade between Bahamas (Flag) and South Korea (Flag)

South Korea Exports

Market Competitiveness

Color
Bahamas
Top Destination
United States$1.4B
South Korea
Top Destination
China$150B

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

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

In 2022, countries that imported more from South Korea than Bahamas included China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea (Flag) and Bahamas (Flag) (2022)

Comparative Advantage Bahamas - South Korea

Flow
Scale

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

During 2022, Bahamas had a large net trade with South Korea in the exports of Arts and Antiques ($28.6k), Textiles ($16.8k), and Metals ($14.8k).

During 2017, South Korea had a large net trade with Bahamas in the exports of Transportation ($526M), Machines ($7.01M), and Plastics and Rubbers ($1.9M).

Economic Complexity

Competitive Landscape

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

Product Space of Bahamas (Flag) and South Korea (Flag) (2022)

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