Bahamas (BHS) and Venezuela (VEN) Trade | The Observatory of Economic Complexity

About

Bahamas-Venezuela Trade: In 2015, Bahamas exported $2.25k to Venezuela. The main products that Bahamas exported to Venezuela were N/A. Over the past 6 years the exports of Bahamas to Venezuela have decreased at an annualized rate of 62.5%, from $804k in 2009 to $2.25k in 2015.

In 2015, Bahamas did not export any services to Venezuela.

Venezuela-Bahamas Trade: In 2015, Venezuela exported $557k to Bahamas. The main products that Venezuela exported to Bahamas were Packaged Medicaments ($350k), Hard Liquor ($161k), and Other Footwear ($18.1k). Over the past 6 years the exports of Venezuela to Bahamas have decreased at an annualized rate of 34.5%, from $4.62M in 2009 to $557k in 2015.

In 2015, Venezuela did not export any services to Bahamas.

Comparison In 2022, Bahamas ranked 139 in total exports ($2.83B), and does not have data regarding Economic Complexity Index. That same year, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2015, Bahamas exported $2.25k to Venezuela. There were not main exports from Bahamas to Venezuela in 2015. During the last 6 years the exports of Bahamas to Venezuela have decreased at an annualized rate of 62.5%, from $804k in 2009 to $2.25k in 2015.

In 2017, Venezuela exported $557k to Bahamas. The main products exported from Venezuela to Bahamas were Packaged Medicaments ($350k), Hard Liquor ($161k), and Other Footwear ($18.1k). During the last 5 years the exports of Venezuela to Bahamas have decreased at an annualized rate of 34.5%, from $4.62M in 2022 to $557k in 2017.

Exports from Bahamas () to Venezuela () (2022)

Exports from Venezuela () to Bahamas () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bahamas
Top DestinationUnited States$1.4B

Venezuela
Top DestinationChina$703M

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

In 2022, countries that imported more from Bahamas than Venezuela included United States ($1.4B), Cote d'Ivoire ($576M), and Germany ($255M).

In 2022, countries that imported more from Venezuela than Bahamas included China ($703M), Turkey ($597M), and Spain ($518M).

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

Comparative Advantage Bahamas - Venezuela

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2015, Bahamas had a large net trade with Venezuela in the exports of .

During 2017, Venezuela had a large net trade with Bahamas in the exports of Chemical Products ($352k), Foodstuffs ($161k), and Footwear and Headwear ($18.2k).

Potential Exports

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Bahamas () to Venezuela () (2022)

Exports from Venezuela () to Bahamas () (2022)

Market Competitiveness

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

Comparative Advantage Bahamas - Venezuela

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring