Bahamas-United Kingdom Bilateral Trade Analysis 2023
Complete trade statistics: $33.13M total volume •Bahamas deficit: $33.13M
Bahamas → United Kingdom
$0
Exports (2023)
United Kingdom → Bahamas
$33.13M
Imports (2023)
Trade Balance
$33.13M
Deficit for Bahamas
Total Trade
$33.13M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Bahamas and United Kingdom. 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-United Kingdom commercial relationship and competitive positioning in global markets.
Bahamas → United Kingdom Exports
Export Market Intelligence
🎯 Strategic Export Focus
Bahamas's export portfolio to United Kingdom demonstrates strategic specialization, with vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1500 but not over 3000cc representing a key competitive advantage in this bilateral market.
United Kingdom → Bahamas Imports
Import Dependency Profile
📦 Import Strategy Analysis
Bahamas's import pattern from United Kingdom reveals significant dependencyin medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Bahamas demonstrates competitive strength in exportingvehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1500 but not over 3000cc to United Kingdom, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $33.13M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Bahamas-United Kingdom Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $33.13 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Bahamas maintains a deficit of $33.13 million
- Export Focus: Bahamas's primary exports include vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1500 but not over 3000cc, 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, styrene polymers: expansible polystyrene, in primary forms
- Import Dependencies: Key imports from United Kingdom include medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, food preparations: sweet biscuits, whether or not containing cocoa, electric generating sets: with compression-ignition internal combustion piston engines (diesel or semi-diesel engines), of an output exceeding 375kva
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 $33.13M 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 vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1500 but not over 3000cc.
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 vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1500 but not over 3000cccomplements United Kingdom's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $33.13M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $33.13M 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 $33.13 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1500 but not over 3000cc and medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Bahamas's trade deficit of $33.13 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 United Kingdom represents a total trade volume of $33.13 million in 2023. This partnership demonstrates an unfavorable trade balance for Bahamas, with imports exceeding exportsby $33.13 million.
Export Strengths
Bahamas's exports to United Kingdom total $0.00, with competitive advantages in vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1500 but not over 3000cc, representing $185,874 orInfinity% of bilateral exports.
Import Dependencies
Imports from United Kingdom amount to $33.13 million, highlighting economic interdependence in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, with Medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale comprising9.9% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Bahamas's strategic sourcing from United Kingdom. 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 United Kingdom in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023