Bahamas-China Bilateral Trade Analysis 2023
Complete trade statistics: $487.24M total volume •Bahamas deficit: $483.14M
Bahamas → China
$2.05M
Exports (2023)
China → Bahamas
$485.19M
Imports (2023)
Trade Balance
$483.14M
Deficit for Bahamas
Total Trade
$487.24M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Bahamas and China. 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-China commercial relationship and competitive positioning in global markets.
Bahamas → China Exports
Export Market Intelligence
🎯 Strategic Export Focus
Bahamas's export portfolio to China 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.
China → Bahamas Imports
Import Dependency Profile
📦 Import Strategy Analysis
Bahamas's import pattern from China 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 China, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $487.24M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Bahamas-China Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $487.24 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Bahamas maintains a deficit of $483.14 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, animal products: coral and similar materials, shells of molluscs, crustaceans, echinoderms, cuttle-bone, unworked or simply prepared but not cut to shape, powder and waste thereof, paintings, drawings and pastels: executed entirely by hand, other than drawings of heading no. 4906
- Import Dependencies: Key imports from China 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, vessels: n.e.c. in heading no. 8901, for the transport of goods and other vessels for the transport of both persons and goods, iron or steel: structures and parts thereof, n.e.c. in heading 7308
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 $487.24M 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 China'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 $487.24M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $487.24M 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 $487.24 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 $483.14 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 China represents a total trade volume of $487.24 million in 2023. This partnership demonstrates an unfavorable trade balance for Bahamas, with imports exceeding exportsby $483.14 million.
Export Strengths
Bahamas's exports to China total $2.05 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 $1.43M or69.5% of bilateral exports.
Import Dependencies
Imports from China amount to $485.19 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 comprising29.8% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Bahamas's strategic sourcing from China. 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.
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Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023