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Pricing

2022
Flag → Flag
Exports $199MRnk 66 / 215
2022
Flag → Flag
Top Product $158MRefined Petroleum
2022
Flag → Flag
Exports $8.43MRnk 17 / 112
2022
Flag → Flag
Top Product $4.85MNitrogen Heterocyclic Compounds
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag  
GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
Flag
 GDP$12.9BCURRENT US$
Rnk 139 / 186
2012-2022
Flag
GDP GROWTH20.3%CURRENT US$
Rnk 122 / 186
2022
Flag
GDP PC $54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186
2022
Flag
GDP PC$31,458CURRENT US$
Rnk 35 / 186
2012-2022
Flag
GDP PC GROWTH12.1%CURRENT US$
Rnk 109 / 186

About

Canada-Bahamas Trade: In 2022, Canada exported $199M to Bahamas. The main products that Canada exported to Bahamas were Refined Petroleum ($158M), Other Frozen Vegetables ($4.07M), and Gas Turbines ($3.35M). Over the past 5 years the exports of Canada to Bahamas have increased at an annualized rate of 2.59%, from $175M in 2017 to $199M in 2022.

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 2022, Bahamas exported $8.43M to Canada. The main products that Bahamas exported to Canada were Nitrogen Heterocyclic Compounds ($4.85M), Paintings ($1.49M), and Crustaceans ($918k). Over the past 5 years the exports of Bahamas to Canada have decreased at an annualized rate of 2.91%,  from $10.4M in 2017 to $8.43M in 2022.

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

Comparison In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92),  and 9 in total exports ($587B). That same year, Bahamas ranked 139 in total exports ($2.83B), and does not have data regarding Economic Complexity Index.

Latest Trends

July, 2024

About

Overview In July 2024, Canada exported C$47.6M and imported C$537k from Bahamas, resulting in a positive trade balance of C$47M. Between July 2023 and July 2024 the exports of Canada have increased by C$4.52M (10.5%) from C$43M to C$47.6M, while imports increased by C$88k (19.6%) from C$449k to C$537k.

Trade In July 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 July 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 July 2024 the exports of Canada were mainly from Quebec (C$24.1M), New Brunswick (C$21.3M), Ontario (C$1.9M), Prince Edward Is. (C$172k), and Manitoba (C$66.1k), while imports destinations were mainly Quebec (C$284k), British Columbia (C$125k), Ontario (C$113k), New Brunswick (C$8.39k), and Alberta (C$4.9k).

Growth In July 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 July 2024, the increase in Canada's year-by-year imports  from Bahamas was explained primarily by an increase in product imports  in Paintings (C$39k or 228%), Other Animals (C$320 or 305%), and Pastes and Waxes (C$1 or 5.26%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)C$4.52M(10.5%)
IMPORT GROWTH (July 2023 - July 2024)C$88k(19.6%)
MAIN EXPORTER (July 2024)QuebecC$24.1M

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 2022, Canada exported $199M to Bahamas. The main products exported from Canada to Bahamas were Refined Petroleum ($158M), Other Frozen Vegetables ($4.07M), and Gas Turbines ($3.35M). During the last 5 years the exports of Canada to Bahamas have increased at an annualized rate of 2.59%, from $175M in 2017 to $199M in 2022.

In 2017, Bahamas exported $8.43M to Canada. The main products exported from Bahamas to Canada were Nitrogen Heterocyclic Compounds ($4.85M), Paintings ($1.49M), and Crustaceans ($918k). During the last 5 years the exports of Bahamas to Canada have decreased at an annualized rate of 2.91%, from $10.4M in 2022 to $8.43M in 2017.

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

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

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
Bahamas
Top DestinationUnited States$1.4B

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 2022, countries that imported more from Canada than Bahamas included United States ($438B), China ($25.4B), and Japan ($14.3B).

In 2022, countries that imported more from Bahamas than Canada included Cote d'Ivoire ($576M) and Seychelles ($20.5M).

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

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 2022, Canada had a large net trade with Bahamas in the exports of Mineral Products ($158M), Machines ($8.71M), and Foodstuffs ($7.25M).

During 2017, Bahamas had a large net trade with Canada in the exports of Chemical Products ($4.86M), Arts and Antiques ($1.49M), and Animal Products ($924k).

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) (2022)

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