US trade with Bahamas in the 1st quarter of 2017

Published or Updated: Jul 21, 2017

The report on US foreign trade in goods with Bahamas in the 1st quarter of 2017: exports, imports, balance, product types and groups, dynamics.

US Trade with Bahamas

In the 1st quarter of 2017, US trade with Bahamas totaled $760.6 million, up 43.07% ($229.0 million) from the 1st quarter of 2016.

US exports to Bahamas in the 1st quarter of 2017 totaled $619.5 million, up 33.30% ($154.8 million) from the 1st quarter of 2016.

US imports from Bahamas in the 1st quarter of 2017 totaled $141.2 million, up 110.87% ($74.2 million) from the 1st quarter of 2016.

US trade surplus with Bahamas in the 1st quarter of 2017 was $478.3 million, a 20.25% increase ($80.5 million) over the 1st quarter of 2016.

Bahamas was the US 70th largest trading partner in the 1st quarter of 2017 (up from 73rd in the 1st quarter of 2016), accounting for 0.0811% of US total trade (up from 0.0608% in the 1st quarter of 2016).

Bahamas was the US 56th largest export market in the 1st quarter of 2017 (up from 59th in the 1st quarter of 2016), accounting for 0.1663% of US total exports (up from 0.1337% in the 1st quarter of 2016).

Bahamas was the US 85th largest supplier in the 1st quarter of 2017 (up from 100th in the 1st quarter of 2016), accounting for 0.0250% of US total imports (up from 0.0127% in the 1st quarter of 2016).

US Exports to Bahamas

The major share of US exports to Bahamas in the 1st quarter of 2017 (and in the 1st quarter of 2016) was accounted for the following product types:

  • Mineral products (HS codes 25-27) - 28.61% of US total exports to Bahamas (28.58% in the 1st quarter of 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 18.01% of US total exports to Bahamas (17.37% in the 1st quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 11.32% of US total exports to Bahamas (14.68% in the 1st quarter of 2016);
  • Chemical products (HS codes 28-40) - 9.26% of US total exports to Bahamas (9.22% in the 1st quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 6.18% of US total exports to Bahamas (5.64% in the 1st quarter of 2016);
  • Wood and wood products (HS codes 44-49) - 3.99% of US total exports to Bahamas (4.21% in the 1st quarter of 2016);
  • Precious metals and stones (HS code 71) - 1.89% of US total exports to Bahamas (2.30% in the 1st quarter of 2016);
  • Textiles, textile products and footwear (HS codes 50-67) - 1.38% of US total exports to Bahamas (1.76% in the 1st quarter of 2016).

The largest gains in US exports to Bahamas in the 1st quarter of 2017 over the 1st quarter of 2016 were recorded for the following product groups:

  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - an increase of $44.3 million;
  • Toys, games and sports requisites; parts and accessories thereof (HS code 95) - an increase of $15.6 million;
  • Organic chemicals (HS code 29) - an increase of $11.7 million;
  • Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles (HS code 85) - an increase of $10.1 million;
  • Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings (HS code 94) - an increase of $9.9 million;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $8.6 million;
  • Articles of iron or steel (HS code 73) - an increase of $5.9 million;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - an increase of $5.8 million;
  • Wood and articles of wood; wood charcoal (HS code 44) - an increase of $4.3 million;
  • Ships, boats and floating structures (HS code 89) - an increase of $4.1 million;
  • Aluminum and articles thereof (HS code 76) - an increase of $3.4 million;
  • Articles of stone, plaster, cement, asbestos, mica or similar materials (HS code 68) - an increase of $2.3 million;
  • Miscellaneous articles of base metal (HS code 83) - an increase of $1.9 million.

The largest declines in US exports to Bahamas in the 1st quarter of 2017 over the 1st quarter of 2016 were recorded for the following product groups:

  • No product groups with a substantial decrease.
US exports to Bahamas in the 1st quarter of 2017 by product groups
HS
code
Name of product group Value
of exports
in Q1 2017
(USD thousand)
Share
in total export
(%)
Value
of exports
in Q1 2016
(USD thousand)
Change
in Q1 2017
over Q1 2016
(%)
01 Live animals 64.1 0.01 95.0-32.47
02 Meat and edible meat offal 15,023.8 2.43 13,685.69.78
03 Fish and crustaceans, molluscs and other aquatic invertebrates 1,314.2 0.21 1,919.2-31.52
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 4,723.0 0.76 4,602.22.62
05 Products of animal origin, not elsewhere specified or included 3.0 0.00 24.2-87.63
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 2,505.3 0.40 922.7171.51
07 Edible vegetables and certain roots and tubers 2,325.5 0.38 3,412.5-31.85
08 Edible fruit and nuts; peel of citrus fruit or melons 3,163.3 0.51 3,001.25.40
09 Coffee, tea, maté and spices 1,723.9 0.28 1,256.137.24
10 Cereals 1,172.5 0.19 1,467.9-20.12
11 Products of the milling industry; malt; starches; inulin; wheat gluten 949.5 0.15 917.33.51
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 180.9 0.03 200.6-9.83
13 Lac; gums, resins and other vegetable saps and extracts 99.8 0.02 10.0897.21
14 Vegetable plaiting materials; vegetable products not elsewhere specified or included 129.0 0.02 0.0
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 2,245.4 0.36 1,847.421.55
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 2,428.2 0.39 2,551.9-4.85
17 Sugars and sugar confectionery 820.1 0.13 746.79.84
18 Cocoa and cocoa preparations 616.9 0.10 674.1-8.49
19 Preparations of cereals, flour, starch or milk; bakers’ wares 8,093.8 1.31 8,854.1-8.59
20 Preparations of vegetables, fruit, nuts or other parts of plants 4,833.4 0.78 4,126.817.12
21 Miscellaneous edible preparations 6,523.7 1.05 7,364.3-11.41
22 Beverages, spirits and vinegar 9,067.5 1.46 8,625.45.13
23 Residues and waste from the food industries; prepared animal feed 1,781.4 0.29 1,620.49.93
24 Tobacco and manufactured tobacco substitutes 365.3 0.06 311.117.41
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 3,160.1 0.51 3,017.74.72
26 Ores, slag and ash 0.0 0.00 8.5-100.00
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 174,050.9 28.10 129,794.234.10
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 1,568.2 0.25 1,605.9-2.34
29 Organic chemicals 21,828.0 3.52 10,142.8115.21
30 Pharmaceutical products 1,749.1 0.28 2,003.0-12.68
31 Fertilizers 557.6 0.09 396.440.67
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 5,129.1 0.83 4,464.014.90
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 4,474.7 0.72 4,023.711.21
34 Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial waxes, prepared waxes, polishing or scouring preparations, candles and similar articles, modeling pastes, "dental waxes" and dental preparations with a basis of plaster 4,681.3 0.76 4,297.98.92
35 Albuminoidal substances; modified starches; glues; enzymes 530.9 0.09 168.2215.63
36 Explosives; pyrotechnic products; matches; pyrophoric alloys; certain combustible preparations 201.2 0.03 24.6717.94
37 Photographic or cinematographic goods 64.8 0.01 32.599.48
38 Miscellaneous chemical products 2,834.3 0.46 3,016.7-6.04
39 Plastics and articles thereof 10,643.3 1.72 9,608.710.77
40 Rubber and articles thereof 3,099.2 0.50 3,081.20.58
41 Raw hides and skins (other than furskins) and leather 13.0 0.00 25.6-49.43
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 804.1 0.13 465.972.61
43 Furskins and artificial fur; manufactures thereof 3.4 0.00 0.0
44 Wood and articles of wood; wood charcoal 17,942.0 2.90 13,664.731.30
45 Cork and articles of cork 24.6 0.00 9.2166.23
46 Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork 12.3 0.00 25.2-51.34
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 5,680.9 0.92 4,966.414.39
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 1,067.4 0.17 886.720.38
50 Silk 8.3 0.00 0.0
52 Cotton 44.7 0.01 25.575.54
53 Other vegetable textile fibers; paper yarn and woven fabric of paper yarn 4.8 0.00 0.0
54 Man-made filaments 25.7 0.00 38.1-32.42
55 Man-made staple fibers 370.4 0.06 39.7833.53
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 349.2 0.06 86.8302.45
57 Carpets and other textile floor coverings 686.2 0.11 1,075.4-36.20
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 35.1 0.01 79.5-55.82
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 300.9 0.05 113.2165.76
60 Knitted or crocheted fabrics 115.7 0.02 128.0-9.61
61 Articles of apparel and clothing accessories, knitted or crocheted 1,328.2 0.21 962.238.04
62 Articles of apparel and clothing accessories, not knitted or crocheted 1,097.6 0.18 1,432.2-23.36
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 1,768.7 0.29 2,189.2-19.21
64 Footwear, gaiters and the like; parts of such articles 1,845.6 0.30 1,622.613.74
65 Headgear and parts thereof 78.7 0.01 66.418.50
66 Umbrellas, sun umbrellas, walking sticks, seatsticks, whips, riding-crops and parts thereof 219.3 0.04 202.48.34
67 Prepared feathers and down and articles made of feathers or of down; artificial flowers; articles of human hair 269.9 0.04 109.1147.40
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 7,307.7 1.18 4,971.247.00
69 Ceramic products 1,783.0 0.29 829.9114.85
70 Glass and glassware 2,021.8 0.33 1,665.521.39
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 11,725.7 1.89 10,701.29.57
72 Iron and steel 4,952.3 0.80 5,363.8-7.67
73 Articles of iron or steel 15,146.3 2.44 9,272.963.34
74 Copper and articles thereof 1,798.7 0.29 1,500.919.84
75 Nickel and articles thereof 60.6 0.01 36.167.93
76 Aluminum and articles thereof 9,247.2 1.49 5,830.458.60
78 Lead and articles thereof 13.6 0.00 14.6-7.27
79 Zinc and articles thereof 20.0 0.00 0.0
80 Tin and articles thereof 8.8 0.00 13.3-34.18
81 Other base metals; cermets; articles thereof 34.4 0.01 0.0
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 1,935.3 0.31 974.198.67
83 Miscellaneous articles of base metal 5,085.2 0.82 3,198.159.01
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 42,129.6 6.80 33,562.925.52
85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 34,904.2 5.63 24,800.540.74
86 Railway or tramway locomotives, rolling-stock and parts thereof; railway or tramway track fixtures and fittings and parts thereof; mechanical (including electro-mechanical) traffic signalling equipment of all kinds 709.2 0.11 244.3190.32
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 20,486.2 3.31 14,697.639.38
88 Aircraft, spacecraft, and parts thereof 1,132.1 0.18 693.063.37
89 Ships, boats and floating structures 6,839.4 1.10 2,761.2147.70
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 5,362.8 0.87 3,976.534.86
91 Clocks and watches and parts thereof 934.2 0.15 1,081.5-13.62
92 Musical instruments; parts and accessories of such articles 96.0 0.02 171.6-44.08
93 Arms and ammunition; parts and accessories thereof 161.6 0.03 131.522.90
94 Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings 23,431.0 3.78 13,490.373.69
95 Toys, games and sports requisites; parts and accessories thereof 17,542.2 2.83 1,920.4813.47
96 Miscellaneous manufactured articles 1,309.0 0.21 891.446.85
97 Works of art, collectors’ pieces and antiques 1,348.9 0.22 1,216.110.91

US Imports from Bahamas

The major share of US imports from Bahamas in the 1st quarter of 2017 (and in the 1st quarter of 2016) was accounted for the following product types:

  • Mineral products (HS codes 25-27) - 30.76% of US total imports from Bahamas (10.52% in the 1st quarter of 2016);
  • Chemical products (HS codes 28-40) - 17.33% of US total imports from Bahamas (25.60% in the 1st quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 17.13% of US total imports from Bahamas (15.49% in the 1st quarter of 2016).

The largest gains in US imports from Bahamas in the 1st quarter of 2017 over the 1st quarter of 2016 were recorded for the following product groups:

  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - an increase of $33.2 million;
  • Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - an increase of $14.0 million;
  • Plastics and articles thereof (HS code 39) - an increase of $7.4 million;
  • Works of art, collectors’ pieces and antiques (HS code 97) - an increase of $3.3 million;
  • Salt; sulfur; earths and stone; plastering materials, lime and cement (HS code 25) - an increase of $3.2 million.

The largest declines in US imports from Bahamas in the 1st quarter of 2017 over the 1st quarter of 2016 were recorded for the following product groups:

  • No product groups with a substantial decrease.
US imports from Bahamas in the 1st quarter of 2017 by product groups
HS
code
Name of product group Value
of imports
in Q1 2017
(USD thousand)
Share
in total import
(%)
Value
of imports
in Q1 2016
(USD thousand)
Change
in Q1 2017
over Q1 2016
(%)
03 Fish and crustaceans, molluscs and other aquatic invertebrates 23,679.6 16.78 9,697.7144.18
05 Products of animal origin, not elsewhere specified or included 18.1 0.01 28.6-36.72
07 Edible vegetables and certain roots and tubers 299.2 0.21 337.7-11.39
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 5.3 0.00 34.4-84.68
22 Beverages, spirits and vinegar 155.7 0.11 267.8-41.84
24 Tobacco and manufactured tobacco substitutes 16.7 0.01 0.0
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 10,138.1 7.18 6,976.545.32
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 33,280.3 23.58 67.549,240.77
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 0.0 0.00 3.0-100.00
30 Pharmaceutical products 5.0 0.00 0.0
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 0.0 0.00 2.2-100.00
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 8.0 0.01 53.1-85.02
38 Miscellaneous chemical products 12.5 0.01 0.0
39 Plastics and articles thereof 24,437.9 17.31 17,075.443.12
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 0.0 0.00 2.1-100.00
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 9.6 0.01 0.0
52 Cotton 1.2 0.00 7.5-84.16
54 Man-made filaments 0.0 0.00 15.4-100.00
57 Carpets and other textile floor coverings 0.0 0.00 1.0-100.00
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 0.6 0.00 0.0
62 Articles of apparel and clothing accessories, not knitted or crocheted 0.8 0.00 0.3162.30
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 0.0 0.00 2.0-100.00
64 Footwear, gaiters and the like; parts of such articles 0.0 0.00 1.8-100.00
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 0.0 0.00 18.7-100.00
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 316.9 0.22 384.6-17.60
72 Iron and steel 307.6 0.22 47.8543.03
73 Articles of iron or steel 60.3 0.04 7.6696.05
74 Copper and articles thereof 271.0 0.19 186.745.17
76 Aluminum and articles thereof 271.7 0.19 256.75.87
78 Lead and articles thereof 17.1 0.01 11.746.30
83 Miscellaneous articles of base metal 0.0 0.00 4.1-100.00
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 21.7 0.02 341.1-93.65
85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 138.4 0.10 187.6-26.23
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 3.5 0.00 0.0
89 Ships, boats and floating structures 0.0 0.00 6.7-100.00
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 17.1 0.01 54.5-68.54
91 Clocks and watches and parts thereof 3.6 0.00 71.1-94.89
94 Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings 0.0 0.00 1.7-100.00
95 Toys, games and sports requisites; parts and accessories thereof 36.7 0.03 15.7134.62
97 Works of art, collectors’ pieces and antiques 3,519.9 2.49 216.71,524.43
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce