Country intelligence · BHS · 2024

Bahamas trade profile

In 2024, Bahamas recorded $2.8B in merchandise exports and $8.8B in imports, producing a $6.0B trade deficit. Exports changed +4.6% from the previous year, while imports changed +5.5%.[1]

Exports

$2.8B

+4.6%

Imports

$8.8B

+5.5%

Trade balance

-$6.0B

deficit

Active partners

270

43 FTA-linked

Historical evidence

Ten-year trade movement

The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports

Exact annual values

YearExportsImportsBalanceExport growth
2024$2.8B$8.8B-$6.0B+4.6%
2023$2.7B$8.4B-$5.7B-2.2%
2022$2.7B$8.8B-$6.0B+84.5%
2021$1.5B$7.5B-$6.0B+27.8%
2020$1.2B$6.1B-$4.9B-23.7%
2019$1.5B$9.6B-$8.1B+20.5%
2018$1.3B$9.8B-$8.6B+4.3%
2017$1.2B$9.2B-$8.0B-4.2%
2016$1.3B$7.1B-$5.8B-39.9%
2015$2.1B$9.8B-$7.6B-50.2%

Leading export sectors

HS2 chapters rank broad product groups by observed export value in 2024.

1

HS 27 · Mineral fuels and oils

36 active HS6 lines · 28 export partners

$1.4B
2

HS 99 · HS chapter

1 active HS6 lines · 4 export partners

$562.4M
3

HS 89 · HS chapter

17 active HS6 lines · 13 export partners

$326.5M
4

HS 03 · HS chapter

188 active HS6 lines · 26 export partners

$117.3M
5

HS 49 · HS chapter

19 active HS6 lines · 100 export partners

$105.3M
6

HS 39 · HS chapter

124 active HS6 lines · 39 export partners

$63.2M
7

HS 25 · HS chapter

58 active HS6 lines · 22 export partners

$54.1M
8

HS 71 · Precious metals and stones

45 active HS6 lines · 20 export partners

$42.7M

Leading export markets

Destinations rank bilateral export flows from Bahamas; growth describes each corridor rather than the whole economy.

1

United States

Annual change -1.4% · 3-year CAGR 53.2%

$1.7B
2

Zimbabwe

Annual change +78.9% · 3-year CAGR 1088.1%

$430.4M
3

Thailand

Annual change +89.1% · 3-year CAGR 19.7%

$166.3M
4

Dominican Republic

Annual change +1.4% · 3-year CAGR 126.5%

$115.9M
5

Poland

Annual change -46.0% · 3-year CAGR -8.9%

$88.5M
6

Saudi Arabia

Annual change +1131489.3% · 3-year CAGR 35.1%

$60.7M
7

Spain

Annual change +8947.3% · 3-year CAGR 76.1%

$23.6M
8

Guyana

Annual change -84.8% · 3-year CAGR 233.2%

$23.1M

Sources, definitions and limitations

[1] Primary trade source

OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.

Calculation notes

USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.