Bahamas-Dominica Bilateral Trade Analysis 2023
Complete trade statistics: $6.11M total volume •Bahamas deficit: $6.11M
Bahamas → Dominica
$0
Exports (2023)
Dominica → Bahamas
$6.11M
Imports (2023)
Trade Balance
$6.11M
Deficit for Bahamas
Total Trade
$6.11M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Bahamas and Dominica. 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-Dominica commercial relationship and competitive positioning in global markets.
Bahamas → Dominica Exports
Export Market Intelligence
🎯 Strategic Export Focus
Bahamas's export portfolio to Dominica demonstrates strategic specialization, 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 representing a key competitive advantage in this bilateral market.
Dominica → Bahamas Imports
Import Dependency Profile
📦 Import Strategy Analysis
Bahamas's import pattern from Dominica reveals significant dependencyin iron or non-alloy steel: angles, shapes and sections, n.e.c. in heading no. 7216, hot-rolled, hot-drawn or extruded, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Bahamas demonstrates competitive strength in exportingpetroleum 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 to Dominica, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $6.11M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Bahamas-Dominica Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $6.11 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Bahamas maintains a deficit of $6.11 million
- Export Focus: Bahamas's primary exports 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, insulated electric conductors: optical fibre cables, hearing aids (excluding parts and accessories)
- Import Dependencies: Key imports from Dominica include iron or non-alloy steel: angles, shapes and sections, n.e.c. in heading no. 7216, hot-rolled, hot-drawn or extruded, food preparations: pasta, uncooked (excluding that containing eggs), not stuffed or otherwise prepared, cereal grains: rolled or flaked, of oats
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 $6.11M 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 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.
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 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 oilscomplements Dominica's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in iron or non-alloy steel: angles, shapes and sections, n.e.c. in heading no. 7216, hot-rolled, hot-drawn or extruded.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $6.11M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $6.11M 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 $6.11 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows 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 and iron or non-alloy steel: angles, shapes and sections, n.e.c. in heading no. 7216, hot-rolled, hot-drawn or extruded demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Bahamas's trade deficit of $6.11 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 Dominica represents a total trade volume of $6.11 million in 2023. This partnership demonstrates an unfavorable trade balance for Bahamas, with imports exceeding exportsby $6.11 million.
Export Strengths
Bahamas's exports to Dominica total $0.00, with competitive advantages 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, representing $1.73M orInfinity% of bilateral exports.
Import Dependencies
Imports from Dominica amount to $6.11 million, highlighting economic interdependence in iron or non-alloy steel: angles, shapes and sections, n.e.c. in heading no. 7216, hot-rolled, hot-drawn or extruded, with Iron or non-alloy steel: angles, shapes and sections, n.e.c. in heading no. 7216, hot-rolled, hot-drawn or extruded comprising57.9% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Bahamas's strategic sourcing from Dominica. 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 Dominica in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023