Ireland-Bahamas Bilateral Trade Analysis 2023
Complete trade statistics: $36.12M total volume •Ireland surplus: $17.82M
Ireland → Bahamas
$26.97M
Exports (2023)
Bahamas → Ireland
$9.15M
Imports (2023)
Trade Balance
$17.82M
Surplus for Ireland
Total Trade
$36.12M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Ireland and Bahamas. Green line shows exports from Ireland, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Ireland-Bahamas commercial relationship and competitive positioning in global markets.
Ireland → Bahamas Exports
Export Market Intelligence
🎯 Strategic Export Focus
Ireland's export portfolio to Bahamas demonstrates strategic specialization, 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 representing a key competitive advantage in this bilateral market.
Bahamas → Ireland Imports
Import Dependency Profile
📦 Import Strategy Analysis
Ireland's import pattern from Bahamas reveals significant dependencyin rum and other spirits obtained by distilling fermented sugar-cane products, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Ireland demonstrates competitive strength in exportingcyclic 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 to Bahamas, 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: Ireland-Bahamas Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $36.12 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Ireland maintains a surplus of $17.82 million
- Export Focus: Ireland's primary exports 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
- Import Dependencies: Key imports from Bahamas 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
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 Ireland leveraging its comparative advantages 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.
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
Ireland's specialization 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 saltscomplements Bahamas's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in rum and other spirits obtained by distilling fermented sugar-cane products.
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 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 and rum and other spirits obtained by distilling fermented sugar-cane products demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Ireland's trade surplus of $17.82 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 Ireland and Bahamas represents a total trade volume of $36.12 million in 2023. This partnership demonstrates a favorable trade balance for Ireland, with exports exceeding importsby $17.82 million.
Export Strengths
Ireland's exports to Bahamas total $26.97 million, with competitive advantages 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, representing $9.16M or34.0% of bilateral exports.
Import Dependencies
Imports from Bahamas amount to $9.15 million, highlighting economic interdependence in rum and other spirits obtained by distilling fermented sugar-cane products, with Rum and other spirits obtained by distilling fermented sugar-cane products comprising75.1% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Ireland'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 Ireland and Bahamas in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023