2023
Flag  
GDP
$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH
6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP
$14.3BCURRENT US$
Rnk 139 / 195
2013-2023
Flag
GDP GROWTH
37.9%CURRENT US$
Rnk 98 / 195
2023
Flag
GDP PC 
$39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH
9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC
$35,897CURRENT US$
Rnk 36 / 196
2013-2023
Flag
GDP PC GROWTH
30.9%CURRENT US$
Rnk 77 / 195

About

Italy-Bahamas Trade: In 2023, Italy exported $41.4M to Bahamas. The main products that Italy exported to Bahamas were Recreational Boats ($12.4M), Other Furniture ($3.88M), and Iron Structures ($3.11M). Over the past 5 years the exports of Italy to Bahamas have decreased at an annualized rate of 28.9%, from $227M in 2018 to $41.4M in 2023.

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

Bahamas-Italy Trade: In 2023, Bahamas exported $3.76M to Italy. The main products that Bahamas exported to Italy were Perfume Plants ($1.84M), Hard Liquor ($364k), and Recreational Boats ($216k). Over the past 5 years the exports of Bahamas to Italy have increased at an annualized rate of 18.1%,  from $1.64M in 2018 to $3.76M in 2023.

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

Comparison In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29),  and 6 in total exports ($638B). That same year, Bahamas ranked 139 in total exports ($3.01B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $41.4M to Bahamas. The main products exported from Italy to Bahamas were Recreational Boats ($12.4M), Other Furniture ($3.88M), and Iron Structures ($3.11M). During the last 5 years the exports of Italy to Bahamas have decreased at an annualized rate of 28.9%, from $227M in 2018 to $41.4M in 2023.

In 2018, Bahamas exported $3.76M to Italy. The main products exported from Bahamas to Italy were Perfume Plants ($1.84M), Hard Liquor ($364k), and Recreational Boats ($216k). During the last 5 years the exports of Bahamas to Italy have increased at an annualized rate of 18.1%, from $1.64M in 2023 to $3.76M in 2018.

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

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

Market Competitiveness

Color
Italy
Top Destination
Germany$71.4B
Bahamas
Top Destination
United States$1.07B

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

In 2023, countries that imported more from Italy than Bahamas included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

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

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

Comparative Advantage Italy - Bahamas

Flow
Scale

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

During 2023, Italy had a large net trade with Bahamas in the exports of Transportation ($12.7M), Miscellaneous ($5.79M), and Machines ($4.81M).

During 2018, Bahamas had a large net trade with Italy in the exports of Vegetable Products ($1.84M), Machines ($761k), and Foodstuffs ($365k).

Economic Complexity

Competitive Landscape

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

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

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