NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Product
Exports | Imports $3.01B | $8.69B139 of 226 |  123 of 226
2023
Per Capita Product
Exports | Imports $7.53k | $21.8k49 of 220 |  9 of 220

About

Overview In 2023 Bahamas was the number 139 economy in the world in terms of total exports and the number 123 in total imports.

Exports The top exports of Bahamas are Refined Petroleum ($1.35B), Passenger and Cargo Ships ($512M), Special Purpose Ships ($423M), Raw Aluminium ($172M), and Crustaceans ($103M), exporting mostly to United States ($1.07B), Zimbabwe ($469M), Cote d'Ivoire ($418M), Germany ($243M), and Guyana ($236M).

Imports The top imports of Bahamas are Refined Petroleum ($3.53B), Planes, Helicopters, and/or Spacecraft ($722M), Passenger and Cargo Ships ($517M), Recreational Boats ($225M), and Cars ($222M), importing mostly from United States ($5.25B), Germany ($1.1B), China ($449M), Japan ($286M), and Brazil ($211M).

Location Bahamas borders Cuba, Haiti, United States, and Turks and Caicos Islands by sea.

Latest Trends

Latest Trade

Flow
View
Y-AXIS SCALE

The following section uses the most recent trade data from partners of Bahamas.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

Subscribe today to OEC pro and access the latest data

Sign Up

Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2023)Refined Petroleum$1.35B
Top Destination (2023)United States$1.07B

In 2023, Bahamas exported a total of $3.01B, making it the number 139 exporter in the world. During the last five reported years the exports of Bahamas have changed by $1.14B from $1.87B in 2018 to $3.01B in 2023.

The most recent exports are led by Refined Petroleum ($1.35B), Passenger and Cargo Ships ($512M), Special Purpose Ships ($423M), Raw Aluminium ($172M), and Crustaceans ($103M). The most common destination for the exports of Bahamas are United States ($1.07B), Zimbabwe ($469M), Cote d'Ivoire ($418M), Germany ($243M), and Guyana ($236M).

Explore Visualizations

Exports (2023)
[Click to Select a Product]

Destinations (2023)
[Click to Select a Country]

Market Growth

Flow
View
Growth
Fastest Growing Export Markets (2022 - 2023)
Guyana$236M (+ 85.8k%)
Dominican Republic$102M (+ 445%)
Poland$65.1M (+ 52.1%)
Fastest Growing Import Markets (2022 - 2023)
Germany$642M (+ 139%)
China$106M (+ 31.1%)
Guyana$92.4M (+ 6.81k%)

Total Export Growth by Market (2022 - 2023)

Potential Exports

Potential Exports

Type
Flow
Depth
View
Sort By

Subscribe today to OEC pro and access the latest data

Sign Up

Service Trade

Service Trade

Bahamas Exports Services (2020)$1.26B
Bahamas Imports Services (2020)$1.37B

In 2020, Bahamas exported $1.26B worth of services. The top services exported by Bahamas in 2020 were Personal travel ($967M), Miscellaneous business, professional, and technical services ($210M), Other government services ($35.2M), Air transport ($23.2M), and Sea transport ($20.8M).

The top services imported by Bahamas in 2020 were Miscellaneous business, professional, and technical services ($572M), Other government services ($218M), Reinsurance ($138M), Sea transport ($115M), and Personal travel ($102M).

Service Exports (2020)

Service Imports (2020)

Economic Complexity

Most Specialized Products by RCA Index

Bahamas has a high level of specialization in Scrap Vessels (535), Special Purpose Ships (160), Salt (64.3), Passenger and Cargo Ships (61.4), and Gravel and Crushed Stone (58.4). Specialization is measured using RCA, an index that takes the ratio between Bahamas observed and expected exports in each product.

Most Complex Products by PCI

The highest complexity exports of Bahamas according to the product complexity index (PCI) are Tools, hand; (including glaziers' diamonds) n.e.c.; blow lamps; vices, clamps etc, other... (1.58), Photographic film in rolls, sensitised, unexposed, of any material other than paper,... (1.43), Boat Propellers (1.09), Roundabouts, swings, shooting galleries, other fairground amusements, travelling circuses, travelling menageries and... (1), and Paintings, drawings, pastels, executed entirely by hand; not drawings of heading no.... (0.94). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

The top export opportunities for Bahamas according to the relatedness index, were Crude Petroleum (0.054), Non-fillet Fresh Fish (0.054), Petroleum Gas (0.05), Non-fillet Frozen Fish (0.05), and Cocoa Beans (0.049). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Bahamas is not specialized in.

Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Bahamas. These are products that tend to be co-exported with the products that Bahamas exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relatedness Space (2023)

Diversification Frontier

Filter
Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

Diversification Frontier

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms