Bahamas-Canada Bilateral Trade Analysis 2023
Complete trade statistics: $220.47M total volume •Bahamas deficit: $203.36M
Bahamas → Canada
$8.56M
Exports (2023)
Canada → Bahamas
$211.91M
Imports (2023)
Trade Balance
$203.36M
Deficit for Bahamas
Total Trade
$220.47M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Bahamas and Canada. Green line shows exports from Bahamas, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Bahamas-Canada commercial relationship and competitive positioning in global markets.
Bahamas → Canada Exports
Export Market Intelligence
🎯 Strategic Export Focus
Bahamas's export portfolio to Canada demonstrates strategic specialization, with crustaceans: frozen, rock lobsters and other sea crawfish (palinurus spp., panulirus spp., jasus spp.), in shell or not, smoked, cooked or not before or during smoking: in shell, cooked by steaming or by boiling in water representing a key competitive advantage in this bilateral market.
Canada → Bahamas Imports
Import Dependency Profile
📦 Import Strategy Analysis
Bahamas's import pattern from Canada reveals significant dependencyin 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, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Bahamas demonstrates competitive strength in exportingcrustaceans: frozen, rock lobsters and other sea crawfish (palinurus spp., panulirus spp., jasus spp.), in shell or not, smoked, cooked or not before or during smoking: in shell, cooked by steaming or by boiling in water to Canada, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $220.47M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Bahamas-Canada Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $220.47 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Bahamas maintains a deficit of $203.36 million
- Export Focus: Bahamas's primary exports include crustaceans: frozen, rock lobsters and other sea crawfish (palinurus spp., panulirus spp., jasus spp.), in shell or not, smoked, cooked or not before or during smoking: in shell, cooked by steaming or by boiling in water, salt (including table salt and denatured salt): pure sodium chloride whether or not in aqueous solution: sea water, paintings, drawings and pastels: executed entirely by hand, other than drawings of heading no. 4906
- Import Dependencies: Key imports from Canada include 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, vegetable preparations: potatoes, prepared or preserved otherwise than by vinegar or acetic acid, frozen, wheat or meslin flour
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $220.47M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Bahamas leveraging its comparative advantages in crustaceans: frozen, rock lobsters and other sea crawfish (palinurus spp., panulirus spp., jasus spp.), in shell or not, smoked, cooked or not before or during smoking: in shell, cooked by steaming or by boiling in water.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Bahamas's specialization in crustaceans: frozen, rock lobsters and other sea crawfish (palinurus spp., panulirus spp., jasus spp.), in shell or not, smoked, cooked or not before or during smoking: in shell, cooked by steaming or by boiling in watercomplements Canada's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in 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.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $220.47M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $220.47M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $220.47 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in crustaceans: frozen, rock lobsters and other sea crawfish (palinurus spp., panulirus spp., jasus spp.), in shell or not, smoked, cooked or not before or during smoking: in shell, cooked by steaming or by boiling in water and 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 demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Bahamas's trade deficit of $203.36 million impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Bahamas and Canada represents a total trade volume of $220.47 million in 2023. This partnership demonstrates an unfavorable trade balance for Bahamas, with imports exceeding exportsby $203.36 million.
Export Strengths
Bahamas's exports to Canada total $8.56 million, with competitive advantages in crustaceans: frozen, rock lobsters and other sea crawfish (palinurus spp., panulirus spp., jasus spp.), in shell or not, smoked, cooked or not before or during smoking: in shell, cooked by steaming or by boiling in water, representing $3.80M or44.4% of bilateral exports.
Import Dependencies
Imports from Canada amount to $211.91 million, highlighting economic interdependence in 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, with 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 comprising78.8% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Bahamas's strategic sourcing from Canada. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Bahamas and Canada in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023