Bermuda (BMU) and Bahamas (BHS) Trade | The Observatory of Economic Complexity

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Bermuda-Bahamas Trade: In 2022, Bermuda exported $133k to Bahamas. The main products that Bermuda exported to Bahamas were Flavored Water ($127k), Telephones ($1.1k), and Medical Instruments ($568). Over the past 6 years the exports of Bermuda to Bahamas have decreased at an annualized rate of 26%, from $805k in 2016 to $133k in 2022.

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

Bahamas-Bermuda Trade: In 2022, Bahamas exported $3.41M to Bermuda. The main products that Bahamas exported to Bermuda were Refined Petroleum ($3.41M), Precious Metal Watches ($2.15k), and Motor vehicles; parts and accessories (8701 to 8705) ($170). Over the past 6 years the exports of Bahamas to Bermuda have decreased at an annualized rate of 8.34%, from $17.8M in 2016 to $3.41M in 2022.

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

Comparison In 2022, Bermuda ranked 199 in total exports ($68.1M). That same year, Bahamas ranked 139 in total exports ($2.83B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bermuda exported $133k to Bahamas. The main products exported from Bermuda to Bahamas were Flavored Water ($127k), Telephones ($1.1k), and Medical Instruments ($568). During the last 6 years the exports of Bermuda to Bahamas have decreased at an annualized rate of 26%, from $805k in 2016 to $133k in 2022.

In 2017, Bahamas exported $3.41M to Bermuda. The main products exported from Bahamas to Bermuda were Refined Petroleum ($3.41M), Precious Metal Watches ($2.15k), and Motor vehicles; parts and accessories (8701 to 8705) ($170). During the last 5 years the exports of Bahamas to Bermuda have decreased at an annualized rate of 8.34%, from $17.8M in 2022 to $3.41M in 2017.

Exports from Bermuda () to Bahamas () (2022)

Exports from Bahamas () to Bermuda () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bermuda
Top DestinationZambia$17.5M

Bahamas
Top DestinationUnited States$1.4B

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

In 2022, countries that imported more from Bermuda than Bahamas included Zambia ($17.5M), Angola ($7.13M), and Tanzania ($5.76M).

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

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

Comparative Advantage Bermuda - Bahamas

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bermuda had a large net trade with Bahamas in the exports of Foodstuffs ($127k), Miscellaneous ($1.48k), and Machines ($1.17k).

During 2017, Bahamas had a large net trade with Bermuda in the exports of Mineral Products ($3.41M), Instruments ($2.15k), and Transportation ($170).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Bermuda () to Bahamas () (2022)

Exports from Bahamas () to Bermuda () (2022)

Market Competitiveness

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

Comparative Advantage Bermuda - Bahamas

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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