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Who does the Bahamas rely on?

The largest supplier of the Bahamas in 2024 is the United States, with 62.5% of what the Bahamas buys. Its share was 27.6% in 2019 and 37.1% in 1995. 358 of the 392 products the Bahamas buys for more than $1 million have a supplier selling more than 50% of what the Bahamas buys of that product; in 259, more than 75%. In those products, purchases from each one’s dominant supplier add up to 70.1% of what the Bahamas buys.

Summary

Largest supplier: United States
62.5%
Concentration (HHI)
4,078
Products with a supplier above 50%
358
Products with a supplier above 75%
259

Concentration index (HHI): 4,078 out of 10,000; equivalent to splitting purchases among 2 suppliers of the same size

Trend

Trend in shares

The United States went from 37.1% to 62.5% of what the Bahamas buys

Share (%)

  • United States 62.5%
  • China 11.2%
  • Colombia 4.7%
  • Japan 3.1%
  • Brazil 1.7%

Source: CEPII BACI

Show the numbers
YearLargest supplierShare
1995United States37.1%
1996Japan22.3%
1997United States50.6%
1998United States45.1%
1999United States41.8%
2000United States42.7%
2001United States47.1%
2002United States28.3%
2003United States28.3%
2004United States32.2%
2005United States26.1%
2006United States27.3%
2007United States31%
2008United States33.2%
2009United States35.9%
2010United States33.3%
2011United States30%
2012United States31.2%
2013United States42.8%
2014United States29.9%
2015United States25.7%
2016United States32.4%
2017United States34.9%
2018United States31.5%
2019South Korea29.3%
2020United States39.1%
2021United States41.1%
2022United States63.5%
2023United States69.2%
2024United States62.5%

Its suppliers

  1. United States$5.6 billion · 62.5%
  2. China$1 billion · 11.2%
  3. Colombia$417 million · 4.7%
  4. Japan$273 million · 3.1%
  5. Brazil$148 million · 1.7%
  6. Canada$133 million · 1.5%
  7. Poland$127 million · 1.4%
  8. South Korea$120 million · 1.3%
  9. United Kingdom$107 million · 1.2%
  10. Greece$92 million · 1%

Products with a dominant supplier

Of the 392 products the Bahamas buys for more than $1 million in 2024, these are the highest-value ones with a dominant supplier.

ProductSupplierShareSecondValue
Refined petroleumUnited States75.4%over 75%Colombia · 8.3%$3.6 billion
Dredgers and floating cranesChina98.4%over 75%Germany · 1.2%$823 million
Crude petroleumColombia58.8%Kazakhstan · 28%$182 million
CarsUnited States54.6%Japan · 21.3%$178 million
Generating setsUnited States86%over 75%Japan · 3.3%$119 million
Yachts and pleasure boatsUnited States51.5%Italy · 29.2%$104 million
FurnitureUnited States85.1%over 75%China · 3.8%$87 million
Poultry meatUnited States55.1%Brazil · 26.8%$79 million
JewelryUnited States67.8%Switzerland · 28.3%$68 million
Bread, biscuits and pastriesUnited States89.3%over 75%United Kingdom · 5.8%$53 million
Aluminum structuresUnited States86.4%over 75%China · 3.4%$49 million
SpiritsUnited States57.2%Netherlands · 15.4%$48 million
Other food preparationsUnited States72.5%Costa Rica · 20.6%$41 million
Cables and wireUnited States85.6%over 75%China · 4.1%$35 million
Soft drinksUnited States83.6%over 75%Mexico · 3.1%$35 million
Natural gas and LPGUnited States91.5%over 75%Jamaica · 2%$35 million
Air conditionersUnited States80.1%over 75%China · 11.8%$32 million
Liquid pumpsUnited States80%over 75%Germany · 5.1%$31 million
Cameras and broadcast equipmentUnited States87.3%over 75%China · 5%$31 million
Sauces and condimentsUnited States97.5%over 75%Jamaica · 1%$30 million
Centrifuges and filtersUnited States80.5%over 75%China · 6.8%$29 million
Detergents and surfactantsUnited States88%over 75%Mexico · 4.6%$29 million
Transformers and power suppliesUnited States69.5%South Korea · 7.1%$29 million
Refrigerators, freezers and heat pumpsUnited States88.8%over 75%China · 3.3%$28 million
CementUnited States58.4%Mexico · 18.7%$28 million

and 333 more

A product has a dominant supplier when a single country sells more than 50% of what is bought of it; we flag it separately above 75%.

Countries that sell more than 50% of some product; the darker, the higher the value of those products.

Selling: who it relies on

Largest customer: United States
41.2%
Concentration (HHI)
2,734

Concentration index (HHI): 2,734 out of 10,000; equivalent to splitting sales among 4 customers of the same size

Trend in shares

Zimbabwe went from 0.01% to 30.7% of what the Bahamas sells

Share (%)

  • United States 41.2%
  • Zimbabwe 30.7%
  • Thailand 7.2%
  • Poland 4.2%
  • Saudi Arabia 2.9%

Source: CEPII BACI

Show the numbers
YearLargest customerShare
1995United States25.5%
1996United States24.9%
1997United States34.2%
1998United States41.8%
1999United States47.4%
2000United States48.8%
2001United States35.6%
2002United States41.3%
2003United States34.2%
2004United States41.7%
2005Spain34.1%
2006Spain22.6%
2007United States23.6%
2008Singapore20.2%
2009United States35%
2010United States25%
2011Singapore26.8%
2012Singapore20.9%
2013Côte d'Ivoire36.5%
2014Republic of the Congo18.1%
2015Gabon25.8%
2016United States19.8%
2017United States29.6%
2018United States24.7%
2019United States26.8%
2020United States24.6%
2021United States26.4%
2022United States55%
2023United States38.3%
2024United States41.2%

45 of the 51 products the Bahamas sells for more than $1 million have a customer buying more than 50% of what the Bahamas sells of that product; in 37, more than 75%. In those products, sales to each one’s dominant customer add up to 26.8% of what the Bahamas sells.

ProductCustomerShareSecondValue
Cargo and cruise shipsPoland97.5%over 75%United States · 2.5%$103 million
Stamps and banknotesUnited States100%over 75%Germany · 0.01%$95 million
Dredgers and floating cranesThailand100%over 75%United States · 0.04%$92 million
Warships and other vesselsThailand99.7%over 75%United States · 0.26%$73 million
PolystyreneUnited States98.2%over 75%India · 1.1%$56 million
Pearl and gemstone articlesUnited States100%over 75%Ireland · 0%$39 million
SaltUnited States94.1%over 75%Canada · 4.7%$30 million
Gravel and crushed stoneUnited States100%over 75%Canada · 0.02%$28 million
Movie cameras and projectorsUnited States98.6%over 75%France · 1.4%$15 million
Festive and Christmas articlesUnited States99.4%over 75%Spain · 0.46%$13 million
Ferrous scrapThailand53%India · 26.1%$9 million
Amide compoundsIreland100%over 75%United States · 0%$9 million
SpiritsIreland85%over 75%Italy · 4.1%$7 million
Steel tanks and containersUnited States99.9%over 75%Mexico · 0.04%$6 million
Nitrogen heterocyclic compoundsIreland100%over 75%United States · 0.04%$6 million

and 30 more

Concentration compared

The closest countries in the concentration ranking (HHI, highest first).

RankCountryHHI
15Anguilla4,358
16Falkland Islands (Malvinas)4,162
17Bahamas4,078
18Saint Lucia4,031
19Liberia3,824
20Northern Mariana Islands3,599

Sources and method

Sources and licenses

Methodology

The data come from CEPII BACI (Etalab 2.0 licence), which reconciles what the exporting and the importing country report, in current USD, FOB. Data up to 2024.

Dependence is the share of a country’s imports (or exports) that each partner accounts for. It does not measure whether a product has a substitute or how much it would cost to change supplier.

The concentration index (HHI) adds up the square of each partner’s share, in percent: it runs from 0 to 10,000. Its equivalent is 10,000 ÷ HHI, the number of partners of the same size that would give that value.

Products are HS4 headings of the 1992 nomenclature (some combine different goods), with a floor of $1 million per product and country.

The EU is the 27 current members in every year; the United Kingdom is outside the EU throughout the series.

Re-exports: countries that act as redistribution hubs carry their notice and the figures are not corrected.