Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1697647662906.pdf (Bahamas)
COMMONWEALTH OF THE BAHAMAS FOREIGN TRADE STATISTICS QUARTERLY REPORT THIRD QUARTER, 2022 Bahamas National Statistical Institute P.O.

Box N-3904 Nassau, Bahamas PREFACE The Bahamas National Statistical Institute presents this report in a series of Foreign Trade Quarterly Reports which is published within the quarter immediately following.

The report contains tables that provide data on the value and volume of Trade between The Bahamas and the rest of the world.
The data are collected by The Bahamas Customs Department and are forwarded to the Bahamas National Statistics Institute where they are processed, analyzed and published by the Foreign Trade Section of The Bahamas National Statistics Institute.

The data in this report are provisional and represent data available at the time of publishing; therefore it is subject to changes when tabulated for the Annual Report.
Nerissa Gibson Acting Director February, 2023 THE FOREIGN TRADE STATISTICS QUARTERLY REPORT PREFACE Table of Contents Data Notes & Explanation Data Highlights Graphs (1 & 2) Table No.

Page No.

i ii iii-iv v vi-vii 1.

Value of Imports, Exports and Balance of Trade By 1 3rd Quarter, 2021 – 3rd Quarter, 2022 2.

Value of Imports Classified By Section of Commodity 2 And 3rd Quarter, 2021 – 3rd Quarter, 2022 3.
Value of Domestic Exports Classified By Section of 3 Commodity and 3rd Quarter, 2021 – 3rd Quarter, 2022 4.

Value of Re-Exports Classified By Section of Commodity (HS) 4 and 3rd Quarter, 2021 – 3rd Quarter, 2022 5.

Value of Imports, Domestic Exports and Re-Exports Classified 5 By Section of Commodity, 3rd Quarter, 2022 6.

Value of Imports, Exports and Balance of Trade Classified By 6 Principal Trading Areas and 3rd Quarter, 2021 – 3rd Quarter, 2022 7.
Value of Total Imports By Island of Entry and 3rd Quarter, 7 2021 – 3rd Quarter, 2022 ii Data Notes and Explanation 1.

Data Source The source documents of the statistics in this report are the Customs import entries, declarations and export documents submitted by importers and exporters, which are subject to verification and approval by The Bahamas Customs Department.

2.
2.

Coverage As recommended by the United Nations International ‘Merchandise Trade Statistics Manual’, and to the extent possible, the General Trade System is used for the recording and compilation of external trade statistics for The Bahamas.

This system covers all types of inward and outward movement of goods through a country or territory, including movements through warehouses and free zones.
In essence, it includes all merchandise that either add to or reduce the stock of material resources of a country or territory by entering (imports) or leaving (exports) the country’s economic territory.

3.

Transaction Values The value of imports are c.i.f., that is, the value at the port of importation including freight and insurance charges and other charges incidental to the delivery at the port of import.
The values of exports are f.o.b., that is, the value of goods including the cost of transportation and insurance to the border of the exporting country.

The values presented are Bahamian dollars and the exchange rates prevailing at the time of importation are used in converting foreign currencies.

4.
4.

Changes/Exclusion to Presentation of Trade Data Excluded from the compilation of the foreign trade statistics are the goods traded that do not make any changes to the wealth and material resources of the country.

Examples of such goods are crude oil, residual fuel oils and certain chemicals temporarily imported for storage purposes only.

iii 5.
iii 5.

Commodity Classification The classifications of goods used in this report are the Harmonized Description and Coding System, better known as the Harmonized System (HS) and the Standard International Trade Classification (SITC).

The HS arranges goods according to their degree of manufacture and classifies them into ninety-seven chapters which are grouped into twenty-one sections.

Section twenty-two was added to accommodate local trade.
The SITC on the other hand, arranges goods according to their stage of production.

The SITC contains sixty-seven divisions which are condensed into ten sections.

Definitions and Abbreviations: Imports – Goods consumption.

imported from foreign countries for further processing or local Domestic Exports – Goods produced or manufactured locally and exported to foreign countries.
Re-exports – goods exported in the same condition as when imported from a foreign country Balance of Trade – is the total export minus the total import.

It is usually calculated totally for a country or for each trading partner.

Port of Entry – a port that serves as a first port of entry from an international port.

Abbreviations: Lbs.

Gal.

Cwt.

Ton Pound avoirdupois U.S. Gallons Hundredweight cwt.

=112 voirdupois 2240 pounds avoirdupois 1000 lin.

inches 1000 Linear Inches Stem Barrels No.


Stem = 28 pounds 35 Imperial Gallons or 42 US Gallons Number iv 3RD QUARTER 2022 TRADE DATA HIGHLIGHTS IMPORTS Data on merchandise trade for 3rd quarter 2022 shows that the value of commodities imported into The Bahamas totaled $1,036 billion resulting in an increase of 8% when compared with the same period last year.
The major groups of merchandise, were ‘Machinery And Transport Equipment’ which totaled $197 million, ‘Food And Live Animals’ at $184 million and ‘Mineral Fuels Lubricants And Related Materials’ which totaled $167 million.

The combined value of these categories represented 53% of total imports.
Other categories that contributed to total imports were ‘Manufactured Goods Classified Chiefly By Materials’ which accounted for $153 million, ‘Miscellaneous Manufactured Articles’ value at $135 million and ‘Chemicals’, at $95 million (these groups together represented 37% of total Imports).
Categories that showed significant increases when compared to the same quarter last year were ‘Miscellaneous Manufactured Articles’,‘ Machinery And Transport Equipment’ and ‘Beverages And Tobacco’ which increased by 33%,27%, and 21% respectively.

EXPORTS As it relates to total exports, for 3rd quarter 2022, data shows that the value of commodities exported (Domestic and Re-Export) from The Bahamas totaled $154 million resulting in an decrease of 1% when compared with the same period last year.
The categories that contributed the largest proportion to the exports were ‘Manufactured Goods Classified Chiefly By Materials’ which totaled $38million, ‘Mineral Fuels, Lubricants And Related Materials’ at $37 million and ‘Miscellaneous Manufactured Articles’ $21million representing 63% of total exports.
that showed significant ‘Machinery And Transport Categories Equipment’, and ‘Manufactured Goods Classified Chiefly By Materials’ which increased by 59%, and 41% respectively when compared to the same quarter last year.

increases were The groups that decreased in value when compared to the same period last year were ‘Mineral Fuels, Lubricants And Related Materials’, and ‘Food And Live Animals’ which declined by 30%, and 25%, respectively.
v Value of Exports by Section of Commodity: 3rd Quarter 2022 37,452,163 38,461,077 16,692,592 6,443,815 18,615,780 20,619,709 14,941,124 247,299 0 1 2 3 411 45,250 Section of Commodity ) $ B ( l e u a V 45,000,000 40,000,000 35,000,000 30,000,000 25,000,000 20,000,000 15,000,000 10,000,000 5,000,000 0 LEGEND 0 Food And Live Animals 5 Chemicals 1 Beverages And Tobacco 6 Manufactured Goods Classified Chiefly By Materials 2 Crude Minerals, Inedible Except Fuels 7 Machinery And Transport Equipment 3 Mineral Fuels, Lubricants And 8 Miscellaneous Manufactured Articles Related Materials 4 Animal and Vegetable Oils And Fats 9 Commodities And Transactions Not Classified According To Kind vi Value of Imports by Section of Commodity: 3rd Quarter 2022 250,000,000 200,000,000 184,025,016 166,921,053 197,410,145 152,556,632 134,820,813 95,277,722 ) $ B ( e u l a V 150,000,000 100,000,000 50,000,000 39,754,246 7 8 9 39,253,739 21,556,702 4,119,875 0 0 1 2 LEGEND 3 4 6 Section of Commodity 5 0 Food And Live Animals 5 Chemicals 1 Beverages And Tobacco 6 Manufactured Goods Classified Chiefly By Materials 2 Crude Minerals, Inedible Except Fuels 7 Machinery And Transport Equipment 3 Mineral Fuels, Lubricants And 8 Miscellaneous Manufactured Articles Related Materials 4 Animal and Vegetable Oils And Fats 9 Commodities And Transactions Not Classified According To Kind vii VALUE OF IMPORTS, EXPORTS AND BALANCE OF TRADE BY 3rd QUARTER, 2021 – 3rd QUARTER, 2022 TABLE 1 2021 B$ 2022 3rd QTR 2021 4th QTR 2021 1st QTR 2022 2nd
 QTR 2022 3rd QTR 2022 IMPORTS 954,716,992 924,897,594 838,785,870 809,763,745 1,035,695,943 Oil Trade 186,105,677 200,022,078 136,683,725 111,022,976 166,921,053 Other Merchandise 768,611,315 724,875,516 702,102,145 698,740,769 868,774,890 EXPORTS 154,909,891 171,020,114 123,689,271 141,901,201 153,519,220 Oil Trade 53,459,839 33,877,013 43,435,279 35,147,168 37,452,163 Other Merchandise 101,450,052 137,143,101 80,253,992 106,754,033 116,067,057 BALANCE OF TRADE -799,807,101 -753,877,480 -715,096,599
 -667,862,544 -882,176,723 1 VALUE OF IMPORTS CLASSIFIED BY SECTION OF COMMODITY AND 3rd QUARTER, 2021 – 3rd QUARTER, 2022 TABLE 2 SECTION OF COMMODITY IMPORTS IMPORTS IMPORTS IMPORTS IMPORTS $B 3rd QTR 2021 4th QTR 2021 1st QTR 2021 2nd QTR 2022 3rd QTR 2022 0 FOOD AND LIVE ANIMALS 182,895,012 161,427,105 156,609,805 166,757,190 184,025,016 1 BEVERAGES AND TOBACCO 32,539,951 28,840,695 27,175,561 36,162,816 39,253,739 2 CRUDE MINERALS, INEDIBLE EXCEPT FUELS 19,855,897 19,700,947 20,693,254 18,449,959 21,556,702 MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS 3 186,105,677 200,022,078 136,683,725 111,022,976 166,921,053 4 ANIMAL AND VEGETABLE OILS AND FATS 3,910,068 5,156,341 4,240,274 4,628,617 4,119,875 5 CHEMICALS 103,497,302 89,267,636 87,556,653 96,856,660 95,277,722 6 MANUFACTURED GOODS CLASSIFIED CHIEFLY BY MATERIALS 132,697,444 119,453,167 117,334,048 104,402,861 152,556,632 7 MACHINERY AND TRANSPORT EQUIPMENT 154,984,109 139,419,844 149,224,963 134,750,000 197,410,145 8 MISCELLANEOUS MANUFACTURED ARTICLES 101,499,865 121,024,680 106,920,106 105,540,037 134,820,813 9 COMMODITIES AND TRANSACTIONS NOT CLASSIFIED 36,731,667 40,585,101 32,347,481 31,192,629 39,754,245 ACCORDING TO KIND TOTAL 954,716,992 924,897,594 838,785,870 809,763,745 1,035,695,943 2 VALUE OF DOMESTIC EXPORTS CLASSIFIED BY SECTION OF COMMODITY AND 3rd QUARTER, 2021 – 3rd QUARTER, 2022 TABLE 3 $B SECTION OF COMMODITY DOMESTIC DOMESTIC DOMESTIC DOMESTIC DOMESTIC EXPORTS EXPORTS EXPORTS
 EXPORTS EXPORTS 3rd QTR 2021 4th QTR 2021 1st QTR 2022 2nd QTR 2022 3rd QTR 2022 0 FOOD AND LIVE ANIMALS 22,244,436 61,692,168 29,540,707 15,593,093 16,668,076 1 BEVERAGES AND TOBACCO 268,607 251,212 257,563 202,566 247,299 2 CRUDE MINERALS, INEDIBLE EXCEPT FUELS 4,338,681 4,763,400 9,383,490 2,244,970 5,831,752 3 MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS 4 ANIMAL AND VEGETABLE OILS AND FATS 2,530 - - - - - - - - - 5 CHEMICALS 18,062,846 4,752,078 28,983 545 35,090 6 MANUFACTURED GOODS CLASSIFIED CHIEFLY
 BY MATERIALS 26,757,855 4,761,659 2,024,090 2,739,837 3,277,585 7 MACHINERY AND TRANSPORT EQUIPMENT 2,850,442 - 1,932 200 2,500 8 MISCELLANEOUS MANUFACTURED ARTICLES 16,551,931 2,391,745 9 COMMODITIES AND TRANSACTIONS NOT CLASSIFIED 6,384 - 25 - 1,645 - 200 - ACCORDING TO KIND TOTAL 91,083,712 78,612,262 41,236,790 20,782,856 26,062,502 3 VALUE OF RE-EXPORTS CLASSIFIED BY SECTION OF COMMODITY AND 3rd QUARTER, 2021 – 3rd QUARTER, 2022 TABLE 4 SECTION OF COMMODITY RE- EXPORTS RE- EXPORTS RE- EXPORTS RE- EXPORTS B$ RE- EXPORTS 3rd QTR 2021 4th QTR 2021 1st QTR 2022 2nd QTR 2022 3rd QTR 2022 0 FOOD AND LIVE ANIMALS 1,847 160,961 299,492 92,361 24,516 1 BEVERAGES AND TOBACCO 1,108 - - - - 2 CRUDE MINERALS, INEDIBLE EXCEPT FUELS 2,655,224 637,628 311,619 628,602 612,063 3 MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS 53,457,309 33,877,013 43,435,279 35,147,168 37,452,163 4 ANIMAL AND VEGETABLE OILS AND FATS - 10 1,100 1,175 411 5 CHEMICALS 318,390 266,771 200,116 6,697,101 18,580,690 6 MANUFACTURED GOODS CLASSIFIED CHIEFLY BY MATERIALS 588,373 14,267,064 22,475,513 43,002,561 35,183,492 7 MACHINERY AND TRANSPORT EQUIPMENT 6,529,463 20,328,327 8,524,778 26,734,143 14,938,624 8 MISCELLANEOUS MANUFACTURED ARTICLES 274,465 22,870,078 7,191,013 8,799,919 20,619,509 9 COMMODITIES AND TRANSACTIONS NOT CLASSIFIED - - 13,571 15,315 45,250 ACCORDING TO KIND TOTAL 4 63,826,179 92,407,852 82,452,481 121,118,345 127,456,718 VALUE OF IMPORTS, DOMESTIC EXPORTS AND RE-EXPORTS
 CLASSIFIED BY SECTION OF COMMODITY 3RD QUARTER, 2022 TABLE 5 SECTIONS DESCRIPTIONS Section 1.
Live Animals Animal Products Section 2.

Vegetable Products Section 3.

Animal or Vegetable Fats Oils & Their Cleavage Products Prepared Edible Fats Animal or Vegetable Waxes B$ DOMESTIC IMPORTS EXPORTS RE-EXPORTS 65,550,913 17,227,692 45,373,165 6,333,536 - - - 115 411 Section 4.

Prepared Food Stuffs Beverages Spirits Vinegar Tobacco & Manufactured 114,150,863 247,299 24,401 Substitutes Section 5.

Mineral Products 178,335,084 5,169,525 37,452,163 Section 6.
Products of The Chemical or Allied Industries 64,130,035 35,090 693,219 Section 7.

Plastics & Articles Thereof Rubber & Articles Thereof Section 8.

Raw Hides & skin Leather Furskins & Articles Thereof Saddlery Harness Travel Goods Handbags & Similar Containers Articles of Animal Gut (Other Than Silk-Worm Gut) 64,067,231 5,223,251 - - 19,079,444 12,460 Section 9.
Wood and Articles of Wood Charcoal Cork & Articles of Cork 27,229,749 82,197 - Manufactures of Straw Esparto or Other Plaiting Materials Basket ware & Wickerwork Section 10.

Pulp of Wood Other Fibrous Cellulosic Material Recovered 18,938,284 (Waste & Scrap) Paper or Paperboard Paper & Paperboard Articles Thereof Section 11.

Textiles and Textile Articles Section 12.


Footwear Headgear Umbrellas Sun Umbrellas Walking-Stick Seat-Sicks Whips Riding-Crops & Parts Thereof Prepared Feather & Articles Artificial Flowers Articles of Human Hair 27,641,877 9,786,695 Section 13.

Articles of Stone Plaster Cement Asbestos Mica or Similar Materials 28,012,959 Ceramic Products Glass & Glassware Section 14.
Natural or Cultured Pearls Precious or Semi-Precious Stones Precious 13,357,618 Metal Metals Clad With Precious Metal & Articles Thereof Imitation Jewelry Coin - - - - - 34,547,567 524,238 3,695 64,319 150,431 Section 15.

Base Metal and Articles of Base Metal 67,435,979 3,300,699 1,345,488 Section 16.

Machinery and Mechanical Appliances Electrical Equipment Parts Thereof 137,569,357 Sound Recorders & Reproducers Television Image Sound Recorders & Reproducers Part & Accessories of Such Articles Section 17.
Vehicles Aircraft Vessels & Associated Transport Equipment Section 18.

Optical Photographic Cinematographic Measuring Checking Precision Medical Surgical Instruments Apparatus Clocks Watches Musical Instruments Parts & Accessories Thereof Section 19.

Arms & Ammunition Parts & Accessories Thereof Section 20.

Miscellaneous Manufactured Articles Section 21.

Work of Art Collectors' Pieces & Antiques Section 22.
Human Remains TOTAL - - - - - - - 10,487,522 4,439,808 412,876 - 12,248,977 5,969,444 140 59,494,820 16,924,989 181,707 43,275,250 40,465,663 2,216,918 5 1,035,695,943 26,062,502 127,456,718 VALUE OF IMPORTS, EXPORTS AND BALANCE OF TRADE CLASSIFIED BY PRINCIPAL TRADING AREAS AND 3RD QUARTER, 2021 – 3RD QUARTER, 2022 TABLE 6 ALL COUNTRIES Imports Exports Balance UNITED KINGDOM Imports Exports Balance CANADA Imports Exports Balance U.S.A. Imports Exports Balance CARIBBEAN COMMONWEALTH COUNTRIES Imports Exports Balance EUROPEAN COMMON-MARKET COUNTRIES Imports Exports Balance O.P.E.C Imports Exports Balance OTHER COUNTRIES Imports Exports Balance B$ 3rd QTR 2021 4th QTR 2021 1st QTR 2022 2nd QTR 2022 3rd QTR 2022 954,716,992 924,897,594 838,795,870 809,763,745 1,035,695,943 154,909,891 171,020,114 123,689,271 141,901,201 153,519,220 -799,807,101 -753,877,480 -715,096,599 -667,862,544 -882,176,723 4,934,437 7,178,364 5,785,910 6,494,631 407,443 17,083,113 333,651 324,135 3,729,824 1,349,886 -4,526,994 -9,904,749 -5,452,259 -6,170,496 -2,379,938 6,071,611 7,008,027 6,062,903 7,112,181 6,069,484 31,001 132,049 42,586 2,453 - -6,040,610 -6,875,978 -6,020,317 -7,109,728 -6,069,484 813,188,820 799,360,721 676,229,822 649,488,177 901,745,056 124,979,899 107,226,241 71,482,623 111,011,234 103,283,271 -688,208,921 -692,134,480 -604,747,199 -538,476,943 -798,461,785 6,062,355 3,864,286 3,938,077 15,621,606 2,947,217 217,526 11,366 15,880 47,965 2,000 -5,844,829 -3,852,920 -3,922,197 -15,573,641 -2,939,217 20,107,846
 23,910,117 21,002,848 38,339,954 26,042,220 6,318,352 15,024,061 94,275 527,628 7,204,608 -13,789,494 -8,886,056 -20,908,573 -37,812,326 -18,837,612 429,140 5,351,652 6,925,283 652,662 651,119 - 83,250 - - - -429,140 -5,268,402 -6,925,283 -652,662 -651,119 103,922,783 78,224,427 118,841,027 22,955,670 31,460,034 51,720,256 92,054,534 29,987,786 94,517,023 41,679,455 -80,967,113 -46,764,393 -67,120,771 -62,066,748 -52,837,568 6 TOTAL IMPORTS BY ISLAND OF ENTRY AND 3rd QUARTER, 2021 -3rd QUARTER, 2022 TABLE 7 2021 $B 2022 PORT OF ENTRY 3RD QTR 2021 4TH QTR 2021 1ST QTR 2022 2ND QTR 2022 3RD QTR 2022 NEW PROVIDENCE 579,013,540 644,768,701 610,452,475 606,752,020 766,059,795 GRAND BAHAMA 311,190,326 198,238,239 136,851,534 114,326,626 117,934,823 ABACO ANDROS BIMINI CAT ISLAND CHUB CAY 15,146,721 19,692,503 22,473,866 20,166,174 41,910,532 4,729,525 10,131,604 8,576,060 8,296,053 13,788,921 4,944,643 6,306,493 6,145,871 5,435,425 8,543,808 3,531,854 873,647 1,244,983 1,181,689 1,346,985 1,180,691 683,387 922,701 905,757 1,120,092 ELEUTHERA 11,593,367 15,793,207 20,453,926 22,387,130 40,371,555 EXUMA, GEORGE TOWN 11,054,133 15,044,677 15,881,753 12,764,553 22,469,061 INAGUA 1,449,516 1,465,777 1,633,802 2,279,155 2,339,869 MAYAGUANA 1,006,755 - - - - CAT CAY 1,625,224 1,800,605 1,652,146 2,029,637 1,966,463 SAN SALVADOR 157,973 189,821 267,926 236,113 959,042 GREAT HARBOUR CAY 7,090,379 8,169,435 10,017,088 10,583,218 11,895,666 RUM CAY - 2,699 - 2,593 - LONG ISLAND
 1,002,345 1,736,799 2,211,739 2,417,602 4,989,331 TOTAL 954,716,992 924,897,594 838,785,870 809,763,745 1,035,695,943 7