Bahamas-Ireland Bilateral Trade Analysis 2023
Complete trade statistics: $36.12M total volume •Bahamas deficit: $17.82M
Bahamas → Ireland
$9.15M
Exports (2023)
Ireland → Bahamas
$26.97M
Imports (2023)
Trade Balance
$17.82M
Deficit for Bahamas
Total Trade
$36.12M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Bahamas and Ireland. 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-Ireland commercial relationship and competitive positioning in global markets.
Bahamas → Ireland Exports
Export Market Intelligence
🎯 Strategic Export Focus
Bahamas's export portfolio to Ireland demonstrates strategic specialization, with rum and other spirits obtained by distilling fermented sugar-cane products representing a key competitive advantage in this bilateral market.
Ireland → Bahamas Imports
Import Dependency Profile
📦 Import Strategy Analysis
Bahamas's import pattern from Ireland reveals significant dependencyin cyclic amides (including cyclic carbamates) and their derivatives: other than the derivatives and salts of ureines, 2-acetamidobenzoic acid (n-acetylanthancillic acid),ethinamate s, and alachlor (iso) and their derivatives and salts, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Bahamas demonstrates competitive strength in exportingrum and other spirits obtained by distilling fermented sugar-cane products to Ireland, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $36.12M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Bahamas-Ireland Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $36.12 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Bahamas maintains a deficit of $17.82 million
- Export Focus: Bahamas's primary exports include rum and other spirits obtained by distilling fermented sugar-cane products, heterocyclic compounds: containing a pyrimidine ring (whether or not hydrogenated) or piperazine ring in the structure, (other than malonylurea and its derivatives, loprazolam, mecloqualone, methaqualone, zipeprol, and salts thereof) n.e.c. in 2933.5, spirits, liqueurs and other spirituous beverages: n.e.c. in heading no. 2208
- Import Dependencies: Key imports from Ireland include cyclic amides (including cyclic carbamates) and their derivatives: other than the derivatives and salts of ureines, 2-acetamidobenzoic acid (n-acetylanthancillic acid),ethinamate s, and alachlor (iso) and their derivatives and salts, acyclic amides (including acyclic carbamates) and their derivatives: salts thereof, other than meprobamate (inn), fluoroacetamide (iso), monocrotophos (iso) or phosphamidon (iso), heterocyclic compounds: containing an unfused thiazole ring (whether or not hydrogenated) in the structure
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 $36.12M 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 rum and other spirits obtained by distilling fermented sugar-cane products.
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 rum and other spirits obtained by distilling fermented sugar-cane productscomplements Ireland's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in cyclic amides (including cyclic carbamates) and their derivatives: other than the derivatives and salts of ureines, 2-acetamidobenzoic acid (n-acetylanthancillic acid),ethinamate s, and alachlor (iso) and their derivatives and salts.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $36.12M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $36.12M 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 $36.12 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in rum and other spirits obtained by distilling fermented sugar-cane products and cyclic amides (including cyclic carbamates) and their derivatives: other than the derivatives and salts of ureines, 2-acetamidobenzoic acid (n-acetylanthancillic acid),ethinamate s, and alachlor (iso) and their derivatives and salts demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Bahamas's trade deficit of $17.82 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 Ireland represents a total trade volume of $36.12 million in 2023. This partnership demonstrates an unfavorable trade balance for Bahamas, with imports exceeding exportsby $17.82 million.
Export Strengths
Bahamas's exports to Ireland total $9.15 million, with competitive advantages in rum and other spirits obtained by distilling fermented sugar-cane products, representing $6.87M or75.1% of bilateral exports.
Import Dependencies
Imports from Ireland amount to $26.97 million, highlighting economic interdependence in cyclic amides (including cyclic carbamates) and their derivatives: other than the derivatives and salts of ureines, 2-acetamidobenzoic acid (n-acetylanthancillic acid),ethinamate s, and alachlor (iso) and their derivatives and salts, with Cyclic amides (including cyclic carbamates) and their derivatives: other than the derivatives and salts of ureines, 2-acetamidobenzoic acid (N-acetylanthancillic acid),ethinamate S, and alachlor (ISO) and their derivatives and salts comprising34.0% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Bahamas's strategic sourcing from Ireland. 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 Ireland in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023