Bahamas, The Major Exports by Category and Value

Navigate Bahamas, The's export landscape with category-by-category analysis and key market insights

Petroleum ether

Main Exported Product

$665.4 m

Market Size

302.2 m Kg

Highest-Volume Exports

~25.18%

Market Growth Rate

Bahamas, The Export Market

AI Insight

The Bahamas' export sector demonstrates a strong 25.18% growth trajectory, driven by high-value commodities and specialized equipment. Trade is heavily anchored by the United States, which absorbs 79.37% of exports ($527M). Key revenue drivers include petroleum ether ($172.6M), stamps ($137.3M), and dredgers ($87.5M). While the export base shows diversity—ranging from energy to crustaceans—the heavy reliance on the U.S. market defines the current trade dynamic. The substantial growth rate suggests a competitive edge in niche industrial and primary goods.

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Top 10 Exported Products

AI Insight

In 2023, petroleum ether emerged as the top export with a value of $172.6 million. Other significant high-value exports include stamps at $137.3 million and dredgers at $87.5 million. The data reveals a diverse export portfolio spanning energy products, specialized maritime vessels, and seafood, specifically frozen crustaceans valued at $60.8 million.

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Leading Destination Countries

United States

79.37%

Unspecified

19.78%

China

0.23%

Jamaica

0.14%

Japan

0.11%

Netherlands

0.1%

Germany

0.09%

Canada

0.07%

Italy

0.06%

Finland

0.05%

AI Insight

The United States is the primary trade partner, commanding a dominant 79.37% share of exports, totaling $527 million. Unspecified destinations account for 19.78%, while remaining global markets like China, Jamaica, and Japan represent marginal shares of less than 0.25% each, highlighting a high geographical concentration in export dependency.

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Export Growth Performance

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25.2%Annual Growth

AI Insight

The market exhibits a strong positive trajectory with an annual growth rate of 25.18%. This double-digit expansion signifies robust trade performance and increasing demand for the region's primary export commodities, suggesting a healthy and accelerating economic outlook for the sector.

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Emerging Supply Markets

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AI Insight

No specific data regarding emerging market trends or additional countries was provided for analysis.

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Bahamas, The Export Requirements

Before Shipment

1. Import permits for restricted items (meat, plants, pharmaceuticals). 2. Phytosanitary/Veterinary certificates for agriculture. 3. Health certificates for food products. 4. Pre-approval for duty-free exemptions. 5. Environmental health clearances for chemicals.

Documentation Required

1. Commercial Invoice. 2. Bill of Lading or Air Waybill. 3. Packing List. 4. Bahamas Customs Entry Form (C13). 5. Certificate of Origin for preferential duty rates.

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Bahamas, The free trade agreements and preferential access markets.

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EU-CARIFORUM Economic Partnership Agreement
UK-CARIFORUM Economic Partnership Agreement
CARICOM-Cuba Trade and Economic Cooperation Agreement
CARICOM-Dominican Republic Free Trade Agreement
CARICOM-Costa Rica Free Trade Agreement

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