Bahamas (BHS) and Canada (CAN) Trade | The Observatory of Economic Complexity

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Bahamas-Canada Trade: In 2022, Bahamas exported $8.43M to Canada. The main products that Bahamas exported to Canada were Nitrogen Heterocyclic Compounds ($4.85M), Paintings ($1.49M), and Crustaceans ($918k). Over the past 5 years the exports of Bahamas to Canada have decreased at an annualized rate of 4.06%, from $10.4M in 2017 to $8.43M in 2022.

In 2022, Bahamas did not export any services to Canada.

Canada-Bahamas Trade: In 2022, Canada exported $199M to Bahamas. The main products that Canada exported to Bahamas were Refined Petroleum ($158M), Other Frozen Vegetables ($4.07M), and Gas Turbines ($3.35M). Over the past 5 years the exports of Canada to Bahamas have increased at an annualized rate of 2.59%, from $175M in 2017 to $199M in 2022.

In 2020, Canada exported services to Bahamas worth $86.5M, with Financial services ($39.5M), Travel ($35.8M), and Royalties and license fees ($10.4M) being the largest in terms of value.

Comparison In 2022, Bahamas ranked 139 in total exports ($2.83B), and does not have data regarding Economic Complexity Index. That same year, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bahamas exported $8.43M to Canada. The main products exported from Bahamas to Canada were Nitrogen Heterocyclic Compounds ($4.85M), Paintings ($1.49M), and Crustaceans ($918k). During the last 5 years the exports of Bahamas to Canada have decreased at an annualized rate of 4.06%, from $10.4M in 2017 to $8.43M in 2022.

In 2017, Canada exported $199M to Bahamas. The main products exported from Canada to Bahamas were Refined Petroleum ($158M), Other Frozen Vegetables ($4.07M), and Gas Turbines ($3.35M). During the last 5 years the exports of Canada to Bahamas have increased at an annualized rate of 2.59%, from $175M in 2022 to $199M in 2017.

Exports from Bahamas () to Canada () (2022)

Exports from Canada () to Bahamas () (2022)

Latest Data

Trade between Bahamas () and Canada ()

Canada Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bahamas
Top DestinationUnited States$1.4B

Canada
Top DestinationUnited States$438B

This map shows whether countries import more from Bahamas or Canada. Each country is colored based on the difference in imports they receive from Bahamas and Canada or the difference in the growth in imports.

In 2022, countries that imported more from Bahamas than Canada included Cote d'Ivoire ($576M) and Seychelles ($20.5M).

In 2022, countries that imported more from Canada than Bahamas included United States ($438B), China ($25.4B), and Japan ($14.3B).

Difference in imports from Canada () and Bahamas () (2022)

Comparative Advantage Bahamas - Canada

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Bahamas and Canada by product, considering products traded by both, Bahamas and Canada.

During 2022, Bahamas had a large net trade with Canada in the exports of Chemical Products ($4.86M), Arts and Antiques ($1.49M), and Animal Products ($924k).

During 2017, Canada had a large net trade with Bahamas in the exports of Mineral Products ($158M), Machines ($8.71M), and Foodstuffs ($7.25M).

Potential Exports

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Bilateral Service Trade

Can Year

In 2020, Canada exported services to Bahamas worth $86.5M, with Financial services ($39.5M), Travel ($35.8M), and Royalties and license fees ($10.4M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Canada () to Bahamas () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Bahamas and Canada. This means that a dot/product with the flag of Bahamas indicates it has a comparative advantage over Canada. Similarly, a dot/product with the flag of Canada indicates it has a comparative advantage over Bahamas.

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Historical Data

Bilateral Trade by Products

Exports from Bahamas () to Canada () (2022)

Exports from Canada () to Bahamas () (2022)

Latest Data

Trade between Bahamas () and Canada ()

Canada Exports

Market Competitiveness

Difference in imports from Canada () and Bahamas () (2022)

Comparative Advantage Bahamas - Canada

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Canada () to Bahamas () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Bahamas () and Canada () (2022)

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