Trade Trend

In 2023, Bahamas's total export value is 3.17Billion USD, total import value is 8.93Billion USD, Deficit is -5.76Billion USD, and foreign trade dependency is 0.844. In 2023，Bahamas's top export products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(1.32Billion USD), Commodities not specified according to kind(972.00Million USD), Cruise ships, excursion boats, ferryboats, cargo ships, barges and similar vessels for the transport of persons or goods(426.17Million USD), top export destinations are United States(1.87Billion USD), Zimbabwe(469.43Million USD), Guyana(235.82Million USD). In 2023, Bahamas's top import products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(3.59Billion USD), Commodities not specified according to kind(874.85Million USD), Cruise ships, excursion boats, ferryboats, cargo ships, barges and similar vessels for the transport of persons or goods(676.23Million USD), top import origins are United States(5.58Billion USD), Singapore(801.00Million USD), China(493.32Million USD).

Comparing to 2022, Bahamas's total export value increased 2.60Billion USD(451.93%) in 2023, this could result from its export increases of products such as Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(1.16Billion USD or 720.88%), Cruise ships, excursion boats, ferryboats, cargo ships, barges and similar vessels for the transport of persons or goods(426.10Million USD or 575.81Thousands%), Polymers of styrene, in primary forms(31.90Million USD or 111.88%) and export increases to countries/economics such as United States(1.51Billion USD or 413.45%), Dominican Republic(124.57Million USD or 3.11Million%), Thailand(94.25Million USD or 171.37Thousands%). Comparing to 2022, Bahamas's total import value increased 5.17Billion USD(137.65%) in 2023, this could result from its import increases of products such as Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(3.01Billion USD or 520.86%), Commodities not specified according to kind(734.09Million USD or 521.53%), Cruise ships, excursion boats, ferryboats, cargo ships, barges and similar vessels for the transport of persons or goods(660.72Million USD or 4.26Thousands%), and its import increases from countries/economies such as United States(2.40Billion USD or 75.51%), Singapore(800.01Million USD or 80.48Thousands%), China(421.51Million USD or 587.04%).

Cumulated to first 7 months of 2024, Bahamas's total export value is 1.15Billion USD, total import value is 4.80Billion USD, and tradedeficit is -3.64Billion USD. Cumulated to first 7 months of 2024, Bahamas's top export products are Commodities not specified according to kind(475.63Million USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(375.71Million USD), Lightvessels, firefloats, dredgers, floating cranes, other vessels; the navigability of which is subsidiary to main function; floating docks, floating, submersible drilling, production platforms(91.80Million USD), and top export destinations are United States(702.81Million USD), Zimbabwe(227.71Million USD), Thailand(94.21Million USD). Cumulated to first 7 months of 2024, Bahamas's top import products are Commodities not specified according to kind(475.63Million USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(375.71Million USD), Lightvessels, firefloats, dredgers, floating cranes, other vessels; the navigability of which is subsidiary to main function; floating docks, floating, submersible drilling, production platforms(91.80Million USD), and top import origins areUnited States(2.56Billion USD), China(992.48Million USD), Singapore(221.50Million USD).