ClearFront News.

Reliable information, timely updates, and trusted insights on global events and essential topics.

economy

What does the Bahamas export to the US?

By Emily Wilson |

Exports include pharmaceuticals, cement, rum, crawfish, and aragonite. Imports are primarily composed of foodstuffs, manufactured goods, crude oil, vehicles, and electronics.

What do the Bahamas Trade?

Imports The top imports of Bahamas are Passenger and Cargo Ships ($3.4B), Refined Petroleum ($2.25B), Special Purpose Ships ($1.07B), Crude Petroleum ($243M), and Recreational Boats ($175M), importing mostly from United States ($2.95B), South Korea ($2.79B), Japan ($1.29B), China ($355M), and Russia ($281M).

What are some problems in The Bahamas?

Bahamians are relatively free of malnutrition and debilitating diseases, and medical problems among children are largely those involving common infections. Increasing alcohol and drug abuse, obesity, and HIV/AIDS have become concerns, and care for the aged is a mounting problem.

Which country is The Bahamas number one trading partner?

The United States
The United States maintained its position as The Bahamas’ number one trading partner.

What kind of products does the Bahamas export?

The top export opportunities for Bahamas according to the relatedness index, are Crude Petroleum (0.064), Non-fillet Fresh Fish (0.063), Non-fillet Frozen Fish (0.062), Gold (0.059), and Cocoa Beans (0.056). Relatedness measures the distance between a country’s current exports and each product.

Who are the major trade partners of the Bahamas?

The top export destinations of the Bahamas are Poland ($269M), the United States ($256M), Nicaragua ($76.9M), Barbados ($31.4M) and Jamaica ($30.1M). The top import origins are the United States ($2.26B), South Korea ($1.74B), Colombia ($802M), Poland ($304M) and Brazil ($255M).

What kind of economy does the Bahamas have?

In 2017 the GDP of the Bahamas was $12.2B and its GDP per capita was $30.4k. The top exports of the Bahamas are Passenger and Cargo Ships ($278M), Refined Petroleum ($195M), Crude Petroleum ($124M), Crustaceans ($95.9M) and Styrene Polymers ($94.8M), using the 1992 revision of the HS (Harmonized System) classification.

Where does the Bahamas get its food from?

The Bahamas imports nearly all its food and manufactured goods from the United States, although it is beginning to diversify its supply chain to include Asian and Latin American suppliers. U.S. goods and services tend to be favored by Bahamians due to cultural similarities and exposure to U.S. advertising.