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

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Venezuela-Bahamas Trade: In 2022, 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 32%, from $5.61M in 2016 to $557k in 2022.

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

Bahamas-Venezuela Trade: In 2022, 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 71.6%, from $1.21M in 2016 to $2.25k in 2022.

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

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

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, 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 6 years the exports of Venezuela to Bahamas have decreased at an annualized rate of 32%, from $5.61M in 2016 to $557k in 2022.

In 2010, Bahamas exported $2.25k to Venezuela. There were not main exports from Bahamas to Venezuela in 2010. During the last 5 years the exports of Bahamas to Venezuela have decreased at an annualized rate of 71.6%, from $1.21M in 2015 to $2.25k in 2010.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

Bahamas
Top DestinationUnited States$1.4B

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

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

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

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

Comparative Advantage Venezuela - Bahamas

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Venezuela had a large net trade with Bahamas in the exports of Chemical Products ($352k), Foodstuffs ($161k), and Footwear and Headwear ($18.2k).

During 2010, Bahamas had a large net trade with Venezuela in the exports of .

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

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Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage Venezuela - Bahamas

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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