India (IND) and Bahamas (BHS) Trade | The Observatory of Economic Complexity

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India-Bahamas Trade: In 2023, India exported $63.2M to Bahamas. The main products that India exported to Bahamas were Refined Petroleum ($47.1M), Cars ($3.11M), and Packaged Medicaments ($1.78M). Over the past 5 years the exports of India to Bahamas have increased at an annualized rate of 58.2%, from $6.38M in 2018 to $63.2M in 2023.

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

Bahamas-India Trade: In 2023, Bahamas exported $4.65M to India. The main products that Bahamas exported to India were Scrap Iron ($2.28M), Industrial Fatty Acids, Oils and Alcohols ($1.34M), and Styrene Polymers ($295k). Over the past 5 years the exports of Bahamas to India have decreased at an annualized rate of 6.42%, from $6.47M in 2018 to $4.65M in 2023.

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

Comparison In 2023, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). That same year, Bahamas ranked 139 in total exports ($3.01B), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

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Overview In November 2024, India exported $520k and imported $396k from Bahamas, resulting in a positive trade balance of $125k. Between November 2023 and November 2024 the exports of India have decreased by $-147k (-22%) from $667k to $520k, while imports decreased by $-357k (-47.5%) from $753k to $396k.

Trade In November 2024, the top exports of India to Bahamas were Drug Formulations, Biologicals ($207k), Cotton Fabrics, Madeups Etc. ($134k), Marine Products ($119k), Plywood And Allied Products ($82.2k), and Misc Processed Items ($73.9k). In November 2024 the top imports of India from Bahamas were Iron And Steel ($132k), Other Commodities ($48.8k), and Petroleum Products ($33.6k).

Growth In November 2024, the decrease in India's year-by-year exports to Bahamas was explained primarily by an decrease in product exports in Motor Vehicle/Cars ($-12.3k or -22.9%) and Other Jute Manufactures ($-1.5k or -30.7%). In November 2024, the decrease in India's year-by-year imports from Bahamas was explained primarily by an decrease in product imports in Other Commodities ($-143k or -74.5%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (November 2023 - November 2024)$-147k(-22%)

IMPORT GROWTH (November 2023 - November 2024)$-357k(-47.5%)

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, India exported $63.2M to Bahamas. The main products exported from India to Bahamas were Refined Petroleum ($47.1M), Cars ($3.11M), and Packaged Medicaments ($1.78M). During the last 5 years the exports of India to Bahamas have increased at an annualized rate of 58.2%, from $6.38M in 2018 to $63.2M in 2023.

In 2018, Bahamas exported $4.65M to India. The main products exported from Bahamas to India were Scrap Iron ($2.28M), Industrial Fatty Acids, Oils and Alcohols ($1.34M), and Styrene Polymers ($295k). During the last 5 years the exports of Bahamas to India have decreased at an annualized rate of 6.42%, from $6.47M in 2023 to $4.65M in 2018.

Exports from India () to Bahamas () (2023)

Exports from Bahamas () to India () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

India
Top DestinationUnited States$85.5B

Bahamas
Top DestinationUnited States$1.07B

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

In 2023, countries that imported more from India than Bahamas included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

In 2023, countries that imported more from Bahamas than India included Zimbabwe ($469M) and Guyana ($236M).

Difference in imports from Bahamas () and India () (2023)

Comparative Advantage India - Bahamas

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, India had a large net trade with Bahamas in the exports of Mineral Products ($47.1M), Textiles ($4.97M), and Transportation ($3.49M).

During 2018, Bahamas had a large net trade with India in the exports of Metals ($2.56M), Chemical Products ($1.35M), and Plastics and Rubbers ($295k).

Economic Complexity

Competitive Landscape

Year

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

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Latest Trends

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Latest Trade

Historical Data

Bilateral Trade by Products

Exports from India () to Bahamas () (2023)

Exports from Bahamas () to India () (2023)

Market Competitiveness

Difference in imports from Bahamas () and India () (2023)

Comparative Advantage India - Bahamas

Economic Complexity

Competitive Landscape

Product Space of India () and Bahamas () (2023)

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