US trade with Bahamas in the 2nd quarter of 2017

Published or Updated: Sep 04, 2017

The report on US foreign trade in goods with Bahamas in the 2nd quarter of 2017: exports, imports, balance, product types and groups, dynamics.

US Trade with Bahamas

In the 2nd quarter of 2017, US trade with Bahamas totaled $898.7 million, up 32.75% ($221.7 million) from the 2nd quarter of 2016.

US exports to Bahamas in the 2nd quarter of 2017 totaled $808.3 million, up 39.69% ($229.7 million) from the 2nd quarter of 2016.

US imports from Bahamas in the 2nd quarter of 2017 were $90.4 million, down 8.08% ($7.9 million) from the 2nd quarter of 2016.

US trade surplus with Bahamas in the 2nd quarter of 2017 was $717.9 million, a 49.47% increase ($237.6 million) over the 2nd quarter of 2016.

Bahamas was the US 64th largest trading partner in the 2nd quarter of 2017 (up from 70th in the 2nd quarter of 2016), accounting for 0.0911% of US total trade (up from 0.0731% in the 2nd quarter of 2016).

Bahamas was the US 48th largest export market in the 2nd quarter of 2017 (up from 55th in the 2nd quarter of 2016), accounting for 0.2101% of US total exports (up from 0.1592% in the 2nd quarter of 2016).

Bahamas was the US 97th largest supplier in the 2nd quarter of 2017 (down from 96th in the 2nd quarter of 2016), accounting for 0.0150% of US total imports (down from 0.0175% in the 2nd quarter of 2016).

US Exports to Bahamas

The major share of US exports to Bahamas in the 2nd quarter of 2017 (and in the 2nd quarter of 2016) was accounted for the following product types:

  • Mineral products (HS codes 25-27) - 42.66% of US total exports to Bahamas (34.48% in the 2nd quarter of 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 15.43% of US total exports to Bahamas (16.54% in the 2nd quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 8.98% of US total exports to Bahamas (12.48% in the 2nd quarter of 2016);
  • Chemical products (HS codes 28-40) - 7.09% of US total exports to Bahamas (8.48% in the 2nd quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 4.62% of US total exports to Bahamas (4.09% in the 2nd quarter of 2016);
  • Wood and wood products (HS codes 44-49) - 3.21% of US total exports to Bahamas (3.67% in the 2nd quarter of 2016);
  • Precious metals and stones (HS code 71) - 1.24% of US total exports to Bahamas (1.05% in the 2nd quarter of 2016);
  • Textiles, textile products and footwear (HS codes 50-67) - 1.19% of US total exports to Bahamas (1.44% in the 2nd quarter of 2016).

The largest gains in US exports to Bahamas in the 2nd quarter of 2017 over the 2nd 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 $145.2 million;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $14.7 million;
  • Articles of iron or steel (HS code 73) - an increase of $7.6 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 $7.4 million;
  • Ships, boats and floating structures (HS code 89) - 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 $4.6 million;
  • Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin (HS code 71) - an increase of $3.9 million;
  • Organic chemicals (HS code 29) - an increase of $3.3 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 $3.0 million;
  • Plastics and articles thereof (HS code 39) - an increase of $2.4 million.

The largest declines in US exports to Bahamas in the 2nd quarter of 2017 over the 2nd quarter of 2016 were recorded for the following product groups:

  • No product groups with a substantial decrease.
US exports to Bahamas in the 2nd quarter of 2017 by product groups
HS
code
Name of product group Value
of exports
in Q2 2017
(USD thousand)
Share
in total export
(%)
Value
of exports
in Q2 2016
(USD thousand)
Change
in Q2 2017
over Q2 2016
(%)
01 Live animals 56.8 0.01 107.2-47.02
02 Meat and edible meat offal 15,244.3 1.89 13,711.711.18
03 Fish and crustaceans, molluscs and other aquatic invertebrates 1,430.6 0.18 1,824.2-21.58
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 4,503.7 0.56 4,513.9-0.22
05 Products of animal origin, not elsewhere specified or included 2.8 0.00 6.3-55.56
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 2,556.6 0.32 968.8163.89
07 Edible vegetables and certain roots and tubers 3,111.1 0.38 2,896.47.41
08 Edible fruit and nuts; peel of citrus fruit or melons 3,583.1 0.44 3,076.616.46
09 Coffee, tea, maté and spices 1,518.5 0.19 1,107.237.15
10 Cereals 1,849.2 0.23 1,784.73.61
11 Products of the milling industry; malt; starches; inulin; wheat gluten 967.4 0.12 976.7-0.95
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 120.5 0.01 200.0-39.76
13 Lac; gums, resins and other vegetable saps and extracts 73.1 0.01 53.037.97
14 Vegetable plaiting materials; vegetable products not elsewhere specified or included 291.0 0.04 7.53,796.60
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 1,940.8 0.24 2,107.6-7.92
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 2,368.1 0.29 2,851.9-16.96
17 Sugars and sugar confectionery 865.9 0.11 733.718.03
18 Cocoa and cocoa preparations 736.1 0.09 833.3-11.67
19 Preparations of cereals, flour, starch or milk; bakers’ wares 8,447.1 1.05 8,984.0-5.98
20 Preparations of vegetables, fruit, nuts or other parts of plants 4,270.9 0.53 5,233.0-18.38
21 Miscellaneous edible preparations 6,781.2 0.84 7,284.1-6.90
22 Beverages, spirits and vinegar 10,146.1 1.26 10,638.9-4.63
23 Residues and waste from the food industries; prepared animal feed 1,397.1 0.17 1,869.9-25.29
24 Tobacco and manufactured tobacco substitutes 306.9 0.04 429.5-28.56
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 3,600.9 0.45 3,393.96.10
26 Ores, slag and ash 28.6 0.00 100.6-71.59
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 341,204.1 42.21 196,027.574.06
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 1,579.3 0.20 1,215.729.90
29 Organic chemicals 19,247.9 2.38 15,995.220.34
30 Pharmaceutical products 2,648.0 0.33 1,912.538.46
31 Fertilizers 629.7 0.08 590.56.63
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 4,897.4 0.61 4,850.40.97
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 4,268.9 0.53 3,290.629.73
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 3,327.1 0.41 4,344.3-23.42
35 Albuminoidal substances; modified starches; glues; enzymes 442.6 0.05 305.844.71
36 Explosives; pyrotechnic products; matches; pyrophoric alloys; certain combustible preparations 162.3 0.02 66.0145.93
37 Photographic or cinematographic goods 30.7 0.00 57.4-46.47
38 Miscellaneous chemical products 3,199.7 0.40 3,368.5-5.01
39 Plastics and articles thereof 12,908.4 1.60 10,460.323.40
40 Rubber and articles thereof 3,989.4 0.49 2,596.253.66
41 Raw hides and skins (other than furskins) and leather 15.1 0.00 0.0
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 1,024.7 0.13 886.615.59
43 Furskins and artificial fur; manufactures thereof 15.5 0.00 22.8-32.12
44 Wood and articles of wood; wood charcoal 19,355.3 2.39 14,787.830.89
45 Cork and articles of cork 5.7 0.00 0.0
46 Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork 4.3 0.00 20.0-78.50
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 5,127.0 0.63 4,884.94.96
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 1,480.0 0.18 1,568.0-5.61
50 Silk 19.3 0.00 8.8120.24
51 Wool, fine or coarse animal hair; horsehair yarn and woven fabric 6.3 0.00 0.0
52 Cotton 28.4 0.00 20.538.09
53 Other vegetable textile fibers; paper yarn and woven fabric of paper yarn 54.6 0.01 16.7227.46
54 Man-made filaments 64.0 0.01 34.485.89
55 Man-made staple fibers 70.0 0.01 114.0-38.62
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 286.9 0.04 271.95.51
57 Carpets and other textile floor coverings 1,214.0 0.15 709.871.03
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 89.9 0.01 152.0-40.88
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 184.9 0.02 150.822.67
60 Knitted or crocheted fabrics 116.0 0.01 143.4-19.07
61 Articles of apparel and clothing accessories, knitted or crocheted 1,523.4 0.19 1,521.30.14
62 Articles of apparel and clothing accessories, not knitted or crocheted 1,304.7 0.16 1,098.118.81
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 2,569.4 0.32 2,548.40.82
64 Footwear, gaiters and the like; parts of such articles 1,567.8 0.19 1,238.526.59
65 Headgear and parts thereof 135.5 0.02 80.069.35
66 Umbrellas, sun umbrellas, walking sticks, seatsticks, whips, riding-crops and parts thereof 254.5 0.03 216.417.60
67 Prepared feathers and down and articles made of feathers or of down; artificial flowers; articles of human hair 121.4 0.02 36.1236.81
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 8,208.6 1.02 5,934.338.32
69 Ceramic products 2,317.6 0.29 1,625.742.56
70 Glass and glassware 2,760.5 0.34 2,433.813.42
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 10,021.0 1.24 6,092.264.49
72 Iron and steel 5,449.0 0.67 3,437.958.50
73 Articles of iron or steel 15,220.1 1.88 7,662.198.64
74 Copper and articles thereof 1,230.5 0.15 1,548.7-20.55
75 Nickel and articles thereof 43.2 0.01 9.9337.97
76 Aluminum and articles thereof 8,557.5 1.06 6,331.135.17
78 Lead and articles thereof 41.1 0.01 8.8368.84
79 Zinc and articles thereof 0.0 0.00 40.4-100.00
80 Tin and articles thereof 195.0 0.02 30.9531.55
81 Other base metals; cermets; articles thereof 36.3 0.00 11.6212.77
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 971.4 0.12 859.013.08
83 Miscellaneous articles of base metal 5,582.3 0.69 3,751.048.82
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 51,648.5 6.39 36,945.539.80
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 32,568.0 4.03 29,612.89.98
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 307.9 0.04 282.29.08
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 23,544.4 2.91 17,775.232.46
88 Aircraft, spacecraft, and parts thereof 910.0 0.11 920.3-1.12
89 Ships, boats and floating structures 9,156.5 1.13 3,220.4184.33
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 6,557.5 0.81 6,970.5-5.93
91 Clocks and watches and parts thereof 1,090.3 0.13 1,029.45.91
92 Musical instruments; parts and accessories of such articles 495.7 0.06 785.3-36.88
93 Arms and ammunition; parts and accessories thereof 120.2 0.01 63.489.45
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 21,631.9 2.68 14,271.051.58
95 Toys, games and sports requisites; parts and accessories thereof 3,196.4 0.40 5,128.2-37.67
96 Miscellaneous manufactured articles 1,324.8 0.16 1,183.511.94
97 Works of art, collectors’ pieces and antiques 712.9 0.09 433.064.65

US Imports from Bahamas

The major share of US imports from Bahamas in the 2nd quarter of 2017 (and in the 2nd quarter of 2016) was accounted for the following product types:

  • Chemical products (HS codes 28-40) - 26.13% of US total imports from Bahamas (18.00% in the 2nd quarter of 2016);
  • Mineral products (HS codes 25-27) - 23.20% of US total imports from Bahamas (32.43% in the 2nd quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 10.02% of US total imports from Bahamas (4.03% in the 2nd quarter of 2016).

The largest gains in US imports from Bahamas in the 2nd quarter of 2017 over the 2nd quarter of 2016 were recorded for the following product groups:

  • Plastics and articles thereof (HS code 39) - an increase of $6.4 million;
  • Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - an increase of $5.2 million;
  • Salt; sulfur; earths and stone; plastering materials, lime and cement (HS code 25) - an increase of $4.0 million;
  • Iron and steel (HS code 72) - an increase of $0.3 million.

The largest declines in US imports from Bahamas in the 2nd quarter of 2017 over the 2nd 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) - a decrease of $15.0 million;
  • Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes (HS code 28) - a decrease of $0.3 million.
US imports from Bahamas in the 2nd quarter of 2017 by product groups
HS
code
Name of product group Value
of imports
in Q2 2017
(USD thousand)
Share
in total import
(%)
Value
of imports
in Q2 2016
(USD thousand)
Change
in Q2 2017
over Q2 2016
(%)
03 Fish and crustaceans, molluscs and other aquatic invertebrates 8,566.5 9.48 3,347.7155.89
05 Products of animal origin, not elsewhere specified or included 57.9 0.06 82.8-30.07
07 Edible vegetables and certain roots and tubers 169.0 0.19 300.6-43.80
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 0.0 0.00 34.4-100.00
19 Preparations of cereals, flour, starch or milk; bakers’ wares 6.0 0.01 0.0
22 Beverages, spirits and vinegar 241.5 0.27 184.331.05
24 Tobacco and manufactured tobacco substitutes 10.4 0.01 7.638.35
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 13,201.0 14.61 9,156.244.18
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 7,756.9 8.59 22,724.6-65.87
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 0.0 0.00 302.3-100.00
29 Organic chemicals 4.0 0.00 144.1-97.24
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 0.0 0.00 78.1-100.00
38 Miscellaneous chemical products 3.2 0.00 0.0
39 Plastics and articles thereof 23,604.4 26.12 17,170.837.47
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 3.8-100.00
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 3.9 0.00 66.5-94.19
57 Carpets and other textile floor coverings 0.0 0.00 15.9-100.00
62 Articles of apparel and clothing accessories, not knitted or crocheted 2.7 0.00 4.5-40.69
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 5.4 0.01 0.0
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 400.2 0.44 442.7-9.61
72 Iron and steel 333.6 0.37 9.03,594.86
73 Articles of iron or steel 8.7 0.01 5.753.61
74 Copper and articles thereof 306.5 0.34 217.041.23
76 Aluminum and articles thereof 227.3 0.25 215.55.47
78 Lead and articles thereof 11.5 0.01 35.9-68.01
79 Zinc and articles thereof 11.0 0.01 0.0
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 0.0 0.00 28.4-100.00
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 67.7 0.07 308.2-78.04
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 108.8 0.12 201.1-45.90
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 0.0 0.00 7.7-100.00
89 Ships, boats and floating structures 6.0 0.01 0.0
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 12.3 0.01 15.4-19.74
91 Clocks and watches and parts thereof 0.0 0.00 10.5-100.00
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 3.3 0.00 0.0
95 Toys, games and sports requisites; parts and accessories thereof 4.4 0.00 2.954.34
96 Miscellaneous manufactured articles 0.0 0.00 13.5-100.00
97 Works of art, collectors’ pieces and antiques 234.4 0.26 57.0311.52
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce