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Pricing

2015
Flag → Flag
Exports $2.25kRnk 38 / 0
2015
Flag → Flag
Exports $557kRnk 68 / 126
2015
Flag → Flag
Top Product $350kPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
Flag  
GDP$12.9BCURRENT US$
Rnk 139 / 186
2012-2022
Flag
GDP GROWTH20.3%CURRENT US$
Rnk 122 / 186
2022
Flag
GDP PC $31,458CURRENT US$
Rnk 35 / 186
2012-2022
Flag
GDP PC GROWTH12.1%CURRENT US$
Rnk 109 / 186

About

Bahamas-Venezuela Trade: In 2015, Bahamas exported $2.25k to Venezuela. The main products that Bahamas exported to Venezuela were N/A. Over the past 6 years the exports of Bahamas to Venezuela have decreased at an annualized rate of 62.5%, from $804k in 2009 to $2.25k in 2015.

In 2015, Bahamas did not export any services to Venezuela.

Venezuela-Bahamas Trade: In 2015, Venezuela exported $557k to Bahamas. The main products that Venezuela exported to Bahamas were Packaged Medicaments ($350k), Hard Liquor ($161k), and Other Footwear ($18.1k). Over the past 6 years the exports of Venezuela to Bahamas have decreased at an annualized rate of 19.1%,  from $4.62M in 2009 to $557k in 2015.

In 2015, Venezuela 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, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2015, Bahamas exported $2.25k to Venezuela. There were not main exports from Bahamas to Venezuela in 2015. During the last 6 years the exports of Bahamas to Venezuela have decreased at an annualized rate of 62.5%, from $804k in 2009 to $2.25k in 2015.

In 2017, Venezuela exported $557k to Bahamas. The main products exported from Venezuela to Bahamas were Packaged Medicaments ($350k), Hard Liquor ($161k), and Other Footwear ($18.1k). During the last 5 years the exports of Venezuela to Bahamas have decreased at an annualized rate of 19.1%, from $4.62M in 2022 to $557k in 2017.

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

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

Market Competitiveness

Color
Bahamas
Top DestinationUnited States$1.4B
Venezuela
Top DestinationChina$703M

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

In 2022, countries that imported more from Bahamas than Venezuela included United States ($1.4B), Cote d'Ivoire ($576M), and Germany ($255M).

In 2022, countries that imported more from Venezuela than Bahamas included China ($703M), Turkey ($597M), and Spain ($518M).

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

Comparative Advantage Bahamas - Venezuela

Flow
Scale

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

During 2015, Bahamas had a large net trade with Venezuela in the exports of .

During 2017, Venezuela had a large net trade with Bahamas in the exports of Chemical Products ($352k), Foodstuffs ($161k), and Footwear and Headwear ($18.2k).

Economic Complexity

Competitive Landscape

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

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

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