Portugal (PRT) and Bahamas (BHS) Trade | The Observatory of Economic Complexity

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Portugal-Bahamas Trade: In 2022, Portugal exported $6.32M to Bahamas. The main products that Portugal exported to Bahamas were Refined Petroleum ($2.04M), Aluminium Structures ($1.36M), and Building Stone ($510k). Over the past 5 years the exports of Portugal to Bahamas have increased at an annualized rate of 9.46%, from $4.02M in 2017 to $6.32M in 2022.

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

Bahamas-Portugal Trade: In 2022, Bahamas exported $545k to Portugal. The main products that Bahamas exported to Portugal were Recreational Boats ($448k), Building Stone ($72.8k), and Other Hand Tools ($8.4k). Over the past 5 years the exports of Bahamas to Portugal have increased at an annualized rate of 97.4%, from $18.2k in 2017 to $545k in 2022.

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

Comparison In 2022, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Bahamas ranked 139 in total exports ($2.83B), and does not have data regarding Economic Complexity Index.

Latest Trends

August, 2024

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Overview In August 2024, Portugal exported €33.9k and imported €149 from Bahamas, resulting in a positive trade balance of €33.7k. Between August 2023 and August 2024 the exports of Portugal have decreased by €-471k (-93.3%) from €504k to €33.9k, while imports decreased by €-2.66k (-94.7%) from €2.81k to €149.

Trade In August 2024, the top exports of Portugal to Bahamas were Aluminum articles (€81.4k), Stone, plaster, cement, asbestos, mica. (€8.83k), Furniture, bedding, lamps, & prefab buildings (€600), Ceramic products (€281), and Used clothes & textile articles (€140). In August 2024 the top imports of Portugal from Bahamas were Iron & steel (€4.2k), Copper articles (€1.4k), Mineral fuels, mineral oils and products... (€108), Aluminum articles (€64), and Live animals (€0).

Growth In August 2024, the decrease in Portugal's year-by-year exports to Bahamas was explained primarily by an decrease in product exports in Furniture, bedding, lamps, & prefab buildings (€-47.2k or -98.7%), Stone, plaster, cement, asbestos, mica. (€-31.6k or -78.1%), and Machinery, mechanical appliances, & parts (€-2.68k or -100%). In August 2024, the decrease in Portugal's year-by-year imports from Bahamas was explained primarily by an decrease in product imports in Ships, boats, & floating structures (€-1k or -100%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2023 - August 2024)€-471k(-93.3%)

IMPORT GROWTH (August 2023 - August 2024)€-2.66k(-94.7%)

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

To check Bahamas and Portugal 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 2022, Portugal exported $6.32M to Bahamas. The main products exported from Portugal to Bahamas were Refined Petroleum ($2.04M), Aluminium Structures ($1.36M), and Building Stone ($510k). During the last 5 years the exports of Portugal to Bahamas have increased at an annualized rate of 9.46%, from $4.02M in 2017 to $6.32M in 2022.

In 2017, Bahamas exported $545k to Portugal. The main products exported from Bahamas to Portugal were Recreational Boats ($448k), Building Stone ($72.8k), and Other Hand Tools ($8.4k). During the last 5 years the exports of Bahamas to Portugal have increased at an annualized rate of 97.4%, from $18.2k in 2022 to $545k in 2017.

Exports from Portugal () to Bahamas () (2022)

Exports from Bahamas () to Portugal () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Portugal
Top DestinationSpain$20.5B

Bahamas
Top DestinationUnited States$1.4B

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

In 2022, countries that imported more from Portugal than Bahamas included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

In 2022, countries that imported more from Bahamas than Portugal included Cote d'Ivoire ($576M), Thailand ($185M), and Barbados ($30M).

Difference in imports from Bahamas () and Portugal () (2022)

Comparative Advantage Portugal - Bahamas

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Portugal had a large net trade with Bahamas in the exports of Mineral Products ($2.32M), Metals ($1.46M), and Stone And Glass ($550k).

During 2017, Bahamas had a large net trade with Portugal in the exports of Transportation ($449k), Stone And Glass ($72.8k), and Metals ($15k).

Economic Complexity

Competitive Landscape

Year

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

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Latest Trends

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Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Portugal () to Bahamas () (2022)

Exports from Bahamas () to Portugal () (2022)

Market Competitiveness

Difference in imports from Bahamas () and Portugal () (2022)

Comparative Advantage Portugal - Bahamas

Economic Complexity

Competitive Landscape

Product Space of Portugal () and Bahamas () (2022)

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