India-Bahamas Bilateral Trade Analysis 2023
Complete trade statistics: $69.40M total volume •India surplus: $60.10M
India → Bahamas
$64.75M
Exports (2023)
Bahamas → India
$4.65M
Imports (2023)
Trade Balance
$60.10M
Surplus for India
Total Trade
$69.40M
Combined Volume
Trade Flow Visualization
Direct trade relationship between India and Bahamas. Green line shows exports from India, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the India-Bahamas commercial relationship and competitive positioning in global markets.
India → Bahamas Exports
Export Market Intelligence
🎯 Strategic Export Focus
India's export portfolio to Bahamas 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.
Bahamas → India Imports
Import Dependency Profile
📦 Import Strategy Analysis
India's import pattern from Bahamas reveals significant dependencyin ferrous waste and scrap: n.e.c. in heading no. 7204, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
India 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 Bahamas, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $69.40M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: India-Bahamas Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $69.40 millionrepresenting a significant bilateral economic relationship
- Trade Balance: India maintains a surplus of $60.10 million
- Export Focus: India'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, vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1000 but not over 1500cc, bedspreads: not knitted or crocheted
- Import Dependencies: Key imports from Bahamas include ferrous waste and scrap: n.e.c. in heading no. 7204, waste and scrap of primary cells, primary batteries and electric accumulators: spent primary cells, spent primary batteries and spent electric accumulators, styrene polymers: (other than expansible polystyrene), in primary forms
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 $69.40M 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 India 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
India'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 Bahamas's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in ferrous waste and scrap: n.e.c. in heading no. 7204.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $69.40M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $69.40M 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 $69.40 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 ferrous waste and scrap: n.e.c. in heading no. 7204 demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
India's trade surplus of $60.10 million strengthens 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 India and Bahamas represents a total trade volume of $69.40 million in 2023. This partnership demonstrates a favorable trade balance for India, with exports exceeding importsby $60.10 million.
Export Strengths
India's exports to Bahamas total $64.75 million, 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 $47.10M or72.7% of bilateral exports.
Import Dependencies
Imports from Bahamas amount to $4.65 million, highlighting economic interdependence in ferrous waste and scrap: n.e.c. in heading no. 7204, with Ferrous waste and scrap: n.e.c. in heading no. 7204 comprising48.6% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates India's competitive position in this bilateral relationship. 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 India and Bahamas in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023