Bahamas recorded a trade deficit of 449.90 BSD Million in the second quarter of 2020. source: Central Bank of The Bahamas

Balance of Trade in Bahamas averaged -521.96 BSD Million from 2002 until 2020, reaching an all time high of -251.40 BSD Million in the third quarter of 2002 and a record low of -782 BSD Million in the second quarter of 2018. This page provides - Bahamas Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Bahamas Balance of Trade - values, historical data and charts - was last updated on November of 2020.

Balance of Trade in Bahamas is expected to be -630.00 BSD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Bahamas to stand at -585.00 in 12 months time. In the long-term, the Bahamas Balance of Trade is projected to trend around -615.00 BSD Million in 2021 and -607.00 BSD Million in 2022, according to our econometric models.

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Bahamas Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-449.90 -618.60 -251.40 -782.00 2002 - 2020 BSD Million Quarterly

Bahamas Trade Last Previous Highest Lowest Unit
Balance of Trade -449.90 -618.60 -251.40 -782.00 BSD Million [+]
Current Account -739.80 -98.70 243.10 -739.80 BSD Million [+]
Current Account to GDP 0.60 -12.10 5.60 -20.10 percent [+]
Imports 511.80 805.00 996.60 373.30 BSD Million [+]
Exports 61.90 186.50 277.80 61.90 BSD Million [+]
Tourist Arrivals 23.40 3.94 749.04 3.94 Thousand [+]


Bahamas Balance of Trade
The Bahamas is heavily dependent on food imports from the United States, resulting in consistent trade deficits. The Bahamas mainly exports fuel, boats, beverages, polymers, shellfish, cyclic compounds, paintings, oil and pebbles. The Bahamas mainly imports boats, fuel, oil, paintings, iron and steel, vehicles and furniture. The Bahamas’ main trading partner is the United States, accounting for around 80 percent of total trade. Others include Venezuela, Netherlands Antilles, Trinidad and Tobago, Canada and Germany.