India (IND) and Bahamas (BHS) Trade | The Observatory of Economic Complexity

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India-Bahamas Trade: In 2022, India exported $11.7M to Bahamas. The main products that India exported to Bahamas were Cars ($4.79M), Bedspreads ($849k), and Packaged Medicaments ($672k). Over the past 5 years the exports of India to Bahamas have increased at an annualized rate of 5%, from $9.2M in 2017 to $11.7M in 2022.

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

Bahamas-India Trade: In 2022, Bahamas exported $3.65M to India. The main products that Bahamas exported to India were Industrial Fatty Acids, Oils and Alcohols ($1.28M), Styrene Polymers ($980k), and Scrap Aluminium ($433k). Over the past 5 years the exports of Bahamas to India have decreased at an annualized rate of 38.1%, from $40.2M in 2017 to $3.65M in 2022.

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

Comparison In 2022, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Bahamas ranked 139 in total exports ($2.83B), and does not have data regarding Economic Complexity Index.

Latest Trends

June, 2024

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Overview In June 2024, India exported $912k and imported $212k from Bahamas, resulting in a positive trade balance of $700k. Between June 2023 and June 2024 the exports of India have decreased by $-245k (-21.2%) from $1.16M to $912k, while imports decreased by $-1.4M (-86.9%) from $1.61M to $212k.

Trade In June 2024, the top exports of India to Bahamas were Drug Formulations, Biologicals ($207k), Cotton Fabrics, Madeups Etc. ($134k), Marine Products ($119k), Plywood And Allied Products ($82.2k), and Misc Processed Items ($73.9k). In June 2024 the top imports of India from Bahamas were Iron And Steel ($132k), Other Commodities ($48.8k), and Petroleum Products ($33.6k).

Growth In June 2024, the decrease in India's year-by-year exports to Bahamas was explained primarily by an decrease in product exports in Motor Vehicle/Cars ($-12.3k or -22.9%) and Other Jute Manufactures ($-1.5k or -30.7%). In June 2024, the decrease in India's year-by-year imports from Bahamas was explained primarily by an decrease in product imports in Other Commodities ($-143k or -74.5%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)$-245k(-21.2%)

IMPORT GROWTH (June 2023 - June 2024)$-1.4M(-86.9%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Bahamas and India trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, India exported $11.7M to Bahamas. The main products exported from India to Bahamas were Cars ($4.79M), Bedspreads ($849k), and Packaged Medicaments ($672k). During the last 5 years the exports of India to Bahamas have increased at an annualized rate of 5%, from $9.2M in 2017 to $11.7M in 2022.

In 2017, Bahamas exported $3.65M to India. The main products exported from Bahamas to India were Industrial Fatty Acids, Oils and Alcohols ($1.28M), Styrene Polymers ($980k), and Scrap Aluminium ($433k). During the last 5 years the exports of Bahamas to India have decreased at an annualized rate of 38.1%, from $40.2M in 2022 to $3.65M in 2017.

Exports from India () to Bahamas () (2022)

Exports from Bahamas () to India () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

India
Top DestinationUnited States$82.9B

Bahamas
Top DestinationUnited States$1.4B

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

In 2022, countries that imported more from India than Bahamas included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, countries that imported more from Bahamas than India included Barbados ($30M).

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

Comparative Advantage India - Bahamas

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, India had a large net trade with Bahamas in the exports of Transportation ($5.08M), Textiles ($2.66M), and Chemical Products ($1.74M).

During 2017, Bahamas had a large net trade with India in the exports of Chemical Products ($1.28M), Plastics and Rubbers ($980k), and Metals ($803k).

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 India and Bahamas. This means that a dot/product with the flag of India indicates it has a comparative advantage over Bahamas. Similarly, a dot/product with the flag of Bahamas indicates it has a comparative advantage over India.

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Latest Trends

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Latest Trade

Historical Data

Bilateral Trade by Products

Exports from India () to Bahamas () (2022)

Exports from Bahamas () to India () (2022)

Market Competitiveness

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

Comparative Advantage India - Bahamas

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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