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2023
Flag → Flag
Exports $178MRnk 70 / 215
2023
Flag → Flag
Top Product $135MRefined Petroleum
2023
Flag → Flag
Exports $8.55MRnk 13 / 114
2023
Flag → Flag
Top Product $4.73MCrustaceans
2023
Flag
Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
Flag  
GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH16%CURRENT US$
Rnk 150 / 195
2023
Flag
 GDP$14.3BCURRENT US$
Rnk 139 / 195
2013-2023
Flag
GDP GROWTH37.9%CURRENT US$
Rnk 98 / 195
2023
Flag
GDP PC $53,431CURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC$35,897CURRENT US$
Rnk 36 / 196
2013-2023
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 77 / 195

About

Canada-Bahamas Trade: In 2023, Canada exported $178M to Bahamas. The main products that Canada exported to Bahamas were Refined Petroleum ($135M), Other Frozen Vegetables ($4.98M), and Packaged Medicaments ($4.49M). Over the past 5 years the exports of Canada to Bahamas have decreased at an annualized rate of 7.07%, from $256M in 2018 to $178M in 2023.

In 2020, Canada exported services to Bahamas worth $86.5M, with Financial services ($39.5M), Travel ($35.8M), and Royalties and license fees ($10.4M) being the largest in terms of value.

Bahamas-Canada Trade: In 2023, Bahamas exported $8.55M to Canada. The main products that Bahamas exported to Canada were Crustaceans ($4.73M), Salt ($1.97M), and Paintings ($1.26M). Over the past 5 years the exports of Bahamas to Canada have increased at an annualized rate of 16%,  from $4.08M in 2018 to $8.55M in 2023.

In 2023, Bahamas did not export any services to Canada.

Comparison In 2023,  Canada ranked 30 in the Economic Complexity Index (ECI 0.9),  and 10 in total exports ($574B). That same year, Bahamas ranked 139 in total exports ($3.01B), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, Canada exported C$24.8M and imported C$332k from Bahamas, resulting in a positive trade balance of C$24.5M. Between November 2023 and November 2024 the exports of Canada have increased by C$20.5M (481%) from C$4.26M to C$24.8M, while imports decreased by C$-32.3k (-8.88%) from C$364k to C$332k.

Trade In November 2024, the top exports of Canada to Bahamas were Other Frozen Vegetables (C$629k), Packaged Medicaments (C$444k), Wheat Flours (C$376k), Poultry Meat (C$238k), and Sausages (C$174k). In November 2024 the top imports of Canada from Bahamas were Paintings (C$56.2k), Pepper (C$48.4k), Salt (C$24.8k), Orthopedic Appliances (C$11.8k), and Diamonds (C$10.9k).

Origins In November 2024 the exports of Canada were mainly from New Brunswick (C$20M), Quebec (C$3.29M), Ontario (C$1.39M), Prince Edward Is. (C$118k), and Nova Scotia (C$16.1k), while imports destinations were mainly Quebec (C$273k), Ontario (C$58.1k), British Columbia (C$258), and Alberta (C$1).

Growth In November 2024, the increase in Canada's year-by-year exports to Bahamas was explained primarily by an increase in product exports in Other Frozen Vegetables (C$391k or 164%), Packaged Medicaments (C$202k or 83.9%), and Wheat Flours (C$73.3k or 24.2%). In November 2024, the decrease in Canada's year-by-year imports  from Bahamas was explained primarily by an decrease in product imports  in Salt (C$-322k or -92.8%), Coral and Shells (C$-58 or -46.8%), and Sand (C$-20 or -47.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)C$20.5M(481%)
IMPORT GROWTH (November 2023 - November 2024)C$-32.3k(-8.88%)
MAIN EXPORTER (November 2024)New BrunswickC$20M

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Bahamas and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Canada exported $178M to Bahamas. The main products exported from Canada to Bahamas were Refined Petroleum ($135M), Other Frozen Vegetables ($4.98M), and Packaged Medicaments ($4.49M). During the last 5 years the exports of Canada to Bahamas have decreased at an annualized rate of 7.07%, from $256M in 2018 to $178M in 2023.

In 2018, Bahamas exported $8.55M to Canada. The main products exported from Bahamas to Canada were Crustaceans ($4.73M), Salt ($1.97M), and Paintings ($1.26M). During the last 5 years the exports of Bahamas to Canada have increased at an annualized rate of 16%, from $4.08M in 2023 to $8.55M in 2018.

Exports from Canada (Flag) to Bahamas (Flag) (2023)

Exports from Bahamas (Flag) to Canada (Flag) (2023)

Market Competitiveness

Color
Canada
Top DestinationUnited States$410B
Bahamas
Top DestinationUnited States$1.07B

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

In 2023, countries that imported more from Canada than Bahamas included United States ($410B), China ($31.1B), and United Kingdom ($18B).

In 2023, countries that imported more from Bahamas than Canada included Zimbabwe ($469M), Cote d'Ivoire ($418M), and Guyana ($236M).

Difference in imports from Bahamas (Flag) and Canada (Flag) (2023)

Comparative Advantage Canada - Bahamas

Flow
Scale

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

During 2023, Canada had a large net trade with Bahamas in the exports of Mineral Products ($136M), Foodstuffs ($8.94M), and Vegetable Products ($6.28M).

During 2018, Bahamas had a large net trade with Canada in the exports of Animal Products ($4.73M), Mineral Products ($1.97M), and Arts and Antiques ($1.29M).

Economic Complexity

Competitive Landscape

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

Product Space of Canada (Flag) and Bahamas (Flag) (2023)

Keep Exploring

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