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Bahamas, The Trade Summary

2022

Bahamas, The exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR BAHAMAS, THE 2022

Overall Exports and Imports for Bahamas, The 2022

Exports and imports of Bahamas, The in 2022 are below, along with number of countries and products

  • The total value of exports (FoB) was 574 million.
  • The total value of imports (CIF) was 3,758 million.
  • At the HS6 digit level, 1,178 products were exported to 37 countries and 3,969 products were imported from 103 countries.

Bahamas, The top 5 Export and Import partners 2022

Top five countries to which Bahamas, The exported in 2022 are below, along with the percent of total exports that went to that country:

  1. Bahamas, The exports to United States worth US$ 365 million, with a partner share of 63.60 percent.
  2. Bahamas, The exports to Unspecified worth US$ 182 million, with a partner share of 31.73 percent.
  3. Bahamas, The exports to France worth US$ 18 million, with a partner share of 3.07 percent.
  4. Bahamas, The exports to United Kingdom worth US$ 5 million, with a partner share of 0.80 percent.
  5. Bahamas, The exports to Sweden worth US$ 2 million, with a partner share of 0.39 percent.

Top five countries from which Bahamas, The imported goods in 2022 are below, along with percent of total imports that came from the country :

  1. Bahamas, The imports from United States worth US$ 3,193 million, with a partner share of 84.98 percent.
  2. Bahamas, The imports from Unspecified worth US$ 75 million, with a partner share of 2.00 percent.
  3. Bahamas, The imports from China worth US$ 72 million, with a partner share of 1.92 percent.
  4. Bahamas, The imports from Spain worth US$ 34 million, with a partner share of 0.91 percent.
  5. Bahamas, The imports from Japan worth US$ 34 million, with a partner share of 0.91 percent.

Bahamas, The Top 5 Productsexports imports at HS 6 digit level 2022

The top five exported HS 6 digit level products to world by Bahamas, The along with trade value are:

  1. Bahamas, The exported Petroleum oils, etc, (excl. crude); preparation , worth 161,073.04 (US$ Thousands).
  2. Bahamas, The exported New stamps; stamp-impressed paper; banknotes; c , worth 109,620.55 (US$ Thousands).
  3. Bahamas, The exported Frozen rock lobster and other sea crawfish , worth 74,445.32 (US$ Thousands).
  4. Bahamas, The exported Expansible polystyrene, in primary forms , worth 27,547.75 (US$ Thousands).
  5. Bahamas, The exported Salt and pure sodium chloride; sea water , worth 27,035.00 (US$ Thousands).

The top five imported HS 6 digit level products from world by Bahamas, The along with trade value are

  1. Bahamas, The imported Petroleum oils, etc, (excl. crude); preparation , worth 577,835.82 (US$ Thousands).
  2. Bahamas, The imported Art. of jewellery and pts thereof of/o prec mtl , worth 48,318.98 (US$ Thousands).
  3. Bahamas, The imported Other bread, etc, nes; communion wafers, rice p , worth 40,218.64 (US$ Thousands).
  4. Bahamas, The imported Other food preparations, nes , worth 38,628.65 (US$ Thousands).
  5. Bahamas, The imported Plasticised polyvinyl chloride mixed, in primar , worth 36,632.53 (US$ Thousands).

Exports and Imports of Product Groups 2022

Exports and imports of products by stages of processing in 2022 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2022

Tariffs imposed by Bahamas, The in 2022 are below

  • The maximum rate of tariff in percentage on any product was 100 percent.
  • The simple average tariff across all products was 26.58 percent.
  • The trade weighted average tariff was 17.41 .
  • The total duty free imports in thousands of US dollars were 1,145,525.83 and duty free tariff line items share was 28.59 percent.

Development Indicators 2022

Key Development Indicators of Bahamas, The in 2022 are below

  • Bahamas, The GDP in current US dollar was 12,897 million.
  • GNI per capita, Atlas method (current US$) was 31,530.00 .
  • Bahamas, The Trade balance: as % of GDP was -5.14.
  • Trade balance in current US$ was -663.00 million.
  • Trade as percentage of GDP was 80.20 .
  • Trade in services as percentage of GDP was not available .

Trade Indicators 2022

Trade Indicators for Bahamas, The in 2022 are below

  • Hirschman Herfindahl market concentration index was 0.33.
  • Index of export market penetration was 1.60.
  • World Growth in percentage was 5.18 and Bahamas, The Country Growth was 40.68 .