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COMMONWEALTH OF THE BAHAMAS FOREIGN TRADE STATISTICS QUARTERLY REPORT FIRST QUARTER, 2021 Department of Statistics Ministry of Finance P.O.

Box N-3904 Nassau, Bahamas PREFACE The Department of Statistics 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 Department of Statistics where they are processed, analyzed and published by the Foreign Trade Section of The Department of Statistics.

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.
Leona Wilson Acting Director July, 2021 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 1st Quarter, 2020 – 1st Quarter, 2021 1 2.

Value of Imports Classified By Section of Commodity And 1st Quarter, 2020 – 1st Quarter, 2021 2 3.
Value of Domestic Exports Classified By Section of Commodity and 1st Quarter, 2020 – 1st Quarter, 2021 4.

Value of Re-Exports Classified By Section of Commodity (HS) and 1st Quarter, 2020 – 1st Quarter, 2021 5.

Value of Imports, Domestic Exports and Re-Exports Classified By Section of Commodity, 1st Quarter, 2021 3 4 5 6.

Value of Imports, Exports and Balance of Trade Classified By Principal Trading Areas and 1st Quarter, 2020 – 1st Quarter, 2021 6 7.
Value of Total Imports By Island of Entry and 1st Quarter, 2020 – 1st Quarter, 2021 7 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 1ST QUARTER 2021 TRADE DATA HIGHLIGHTS IMPORTS Data on merchandise trade for 1ST quarter 2021 shows that the value of commodities imported into The Bahamas totaled $699 million resulting in a increase of 19% when compared with the same period last year.
The major groups of merchandise, were ‘Machinery And Transport Equipment’ which totaled $153 million, ‘Mineral Fuels Lubricants And Related Materials’ at $120 million and ‘Food And Live Animals’ which totaled $118 million.

The combined value of these categories represented 56% of total imports.
Other categories that contributed to the total imports were ‘Manufactured Goods Classified Chiefly By Materials’ which accounted for $96 million, ‘Miscellaneous Manufactured Articles’ value at $76 million and ‘Chemicals’, at $71 million (these groups together represented 35% of total Imports).

‘Mineral Fuels, Lubricants And Related Materials’ declined by 6%, when compared to the same quarter last year.
EXPORTS As it relates to total exports, data for 1st quarter 2021 shows that the value of commodities exported (Domestic and Re-Export) from The Bahamas totaled $81 million resulting in a decrease of 10% when compared with the same period last year.

The categories that contributed the largest proportion to the exports were ‘Mineral Fuels, Lubricants And Related Materials’ which totaled $49million, ‘Chemicals’ accounted for $16million representing 80% of total exports.
The group that had the largest decrease in value when compared to the same period last year was ‘Beverage And Tobacco’ which decreased by 99%.

Manufactured Goods Classified Chiefly By Materials’, and ‘Miscellaneous Manufactured Articles showed a declines of 98%, and 68%, respectively.
v 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: 1st Quarter 2021 120,000,000 117,795,030 119,641,534 152,683,507 96,014,907 70,687,099 75,863,510 19,097,256 18,475,740 2,234,625 0 1 2 4 3 6 Section of Commodity 5 26,913,722 7 8 9 180,000,000 160,000,000 140,000,000 ) $ B ( e u l a V 100,000,000 80,000,000 60,000,000 40,000,000 20,000,000 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 vii VALUE OF IMPORTS, EXPORTS AND BALANCE OF TRADE BY 1st QUARTER, 2020 – 1st QUARTER, 2021 TABLE 1 2020 B$ 2021 1st QTR 2020 2nd QTR 2020 3rd QTR 2020 4th QTR 2020 1st QTR 2021 IMPORTS 586,723,230 428,110,585 545,814,179 644,638,784 699,406,930 Oil Trade 127,371,516 97,307,776 78,073,183 83,961,252 119,641,534 Other Merchandise 459,351,714 330,802,809 467,740,996 560,677,532 579,765,396 EXPORTS 89,761,712 55,432,466
 69,339,644 119,975,025 80,984,240 Oil Trade 20,213,136 25,109,719 22,337,129 28,664,406 48,678,435 Other Merchandise 69,548,576 30,322,747 47,002,515 91,310,619 32,305,805 BALANCE OF TRADE -496,961,518 -372,678,119 -476,474,535 -524,663,759 -618,422,690 1 VALUE OF IMPORTS CLASSIFIED BY SECTION OF COMMODITY AND 1st QUARTER, 2020 – 1st QUARTER, 2021 TABLE 2 SECTION OF COMMODITY IMPORTS IMPORTS IMPORTS IMPORTS IMPORTS $B 1st QTR 2020 2nd QTR 2020 3rd QTR 2020 4th QTR 2020 1st QTR 2021 0 FOOD AND LIVE ANIMALS
 75,175,962 82,674,296 112,152,862 119,207,405 117,795,030 1 BEVERAGES AND TOBACCO 16,319,845 10,889,954 16,656,136 20,377,582 19,097,256 2 CRUDE MINERALS, INEDIBLE EXCEPT FUELS 15,452,784 6,838,507 12,644,994 15,123,708 18,475,740 MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS 3 127,371,516 97,307,776 78,073,183 83,961,252 119,641,534 4 ANIMAL AND VEGETABLE OILS AND FATS 1,222,761 1,452,723 1,869,605 2,264,888 2,234,625 5 CHEMICALS 42,084,638 34,283,365 52,371,283 65,245,689 70,687,099 6 MANUFACTURED GOODS CLASSIFIED CHIEFLY BY MATERIALS 78,384,173 54,005,649 80,545,090 95,596,859 96,014,907 7 MACHINERY AND TRANSPORT EQUIPMENT 142,137,420 98,994,394 111,600,630 142,573,585 152,683,507 8 MISCELLANEOUS MANUFACTURED ARTICLES 65,974,293 36,332,948 59,012,048 80,806,319 75,863,510 9 COMMODITIES AND TRANSACTIONS NOT CLASSIFIED 22,599,838 5,330,973 20,888,348 19,481,497 26,913,722 ACCORDING TO KIND TOTAL 586,723,230 428,110,585 545,814,179 644,638,784 699,406,930 2 VALUE OF DOMESTIC EXPORTS CLASSIFIED BY SECTION OF COMMODITY AND 1st QUARTER, 2020 – 1st QUARTER, 2021 TABLE 3 $B SECTION OF COMMODITY DOMESTIC DOMESTIC DOMESTIC DOMESTIC DOMESTIC EXPORTS EXPORTS EXPORTS EXPORTS EXPORTS 1st QTR 2020 2nd QTR 2020 3rd QTR 2020 4th QTR 2020 1st QTR 2021 0 FOOD AND LIVE ANIMALS 1,044,474 371,512 1,398,604 26,751,289 1,455,400 1 BEVERAGES AND TOBACCO 2,438 - 1,650 263,590 28 2 CRUDE MINERALS, INEDIBLE EXCEPT FUELS 2,925,826 7,767,888 4,655,158 4,866,180 2,769,197 3 MINERAL
 FUELS, LUBRICANTS AND RELATED MATERIALS 4 ANIMAL AND VEGETABLE OILS AND FATS - - - - - - - - - - 5 CHEMICALS 13,042,341 14,495,327 12,749,942 17,312,641 16,358,635 6 MANUFACTURED GOODS CLASSIFIED CHIEFLY BY MATERIALS 80,713 155,711 101,303 2,007,968 185,461 7 MACHINERY AND TRANSPORT EQUIPMENT 38,100 91,448 575,255 438,257 8 MISCELLANEOUS MANUFACTURED ARTICLES 604,505 299,548 1,163,494 3,506,365 9 COMMODITIES AND TRANSACTIONS NOT CLASSIFIED - 200 76,320 23,778 - 913 - ACCORDING TO KIND TOTAL 17,738,397
 23,181,634 20,721,726 55,170,068 20,769,634 3 VALUE OF RE-EXPORTS CLASSIFIED BY SECTION OF COMMODITY AND 1st QUARTER, 2020 – 1st QUARTER, 2021 TABLE 4 SECTION OF COMMODITY 0 FOOD AND LIVE ANIMALS 1 BEVERAGES AND TOBACCO RE- EXPORTS RE- EXPORTS RE- EXPORTS RE- EXPORTS B$ RE- EXPORTS 1st QTR 2020 2nd QTR 2020 3rd QTR 2020 4th QTR 2020 1st QTR 2021 1,000 - - - 15,790 1,096 40,849 - 142,683 - 2 CRUDE MINERALS, INEDIBLE EXCEPT FUELS 46,026 62,319 200,399 393,840 77,647 3 MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS 20,213,136 25,109,719 22,337,129 28,664,406 48,678,435 4 ANIMAL AND VEGETABLE OILS AND FATS - - - - 652 5 CHEMICALS 112,812 82,187 645,001 255,414 112,788 6 MANUFACTURED GOODS CLASSIFIED CHIEFLY BY MATERIALS 35,888,390 2,600,342 3,743,256 1,687,332 449,925 7 MACHINERY AND TRANSPORT EQUIPMENT 14,666,755 4,183,893 5,817,693 27,184,981 10,321,964 8 MISCELLANEOUS MANUFACTURED ARTICLES 1,095,196 212,372 15,858,650 6,475,205 532,346 9 COMMODITIES AND TRANSACTIONS NOT CLASSIFIED - - - - - ACCORDING TO KIND TOTAL 4 72,023,315 32,250,832 48,617,918 64,804,957 60,214,606 VALUE OF IMPORTS, DOMESTIC EXPORTS AND RE-EXPORTS CLASSIFIED BY SECTION OF COMMODITY 1ST QUARTER, 2021 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 37,048,477 1,469,870 31,776,668 3,181,016 - - - - 652 Section 4.

Prepared Food Stuffs Beverages Spirits Vinegar Tobacco & Manufactured 69,964,641 28 40,849 Substitutes Section 5.

Mineral Products 127,125,795 2,748,637 48,678,685 Section 6.
Products of The Chemical or Allied Industries 52,549,443 15 105,079 Section 7.

Plastics & Articles Thereof Rubber & Articles Thereof 41,004,312 16,359,030 35,550 Section 8.

Raw Hides & skin Leather Furskins & Articles Thereof Saddlery 1,905,311 - 31 Harness Travel Goods Handbags & Similar Containers Articles of Animal Gut (Other Than Silk-Worm Gut) Section 9.
Wood and Articles of Wood Charcoal Cork & Articles of Cork 21501,478 363 1,100 Manufactures of Staw Esparto or Other Plaiting Materials Basket ware & Wickerwork Section 10.

Pulp of Wood Other Fibrous Cellulosic Material Recovered 10,368,606 20 1,678 (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 16,010,084 4,953,176 Section 13.

Articles of Stone Plaster Cement Asbestos Mica or Similar Materials 16,716,459 Ceramic Products Glass & Glassware Section 14.
Natural or Cultured Pearls Precious or Semi-Precious Stones Precious 2,215,926 Metal Metals Clad With Precious Metal & Articles Thereof Imitation Jewellery Coin 60 - - - 108,819 321 9,809 44,544 Section 15.

Base Metal and Articles of Base Metal 43,661,961 191,521 447,136 Section 16.

Machinery and Mechanical Appliances Electrical Equipment Parts Thereof 102,791,057 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 - - - - 90 - - 5,159,145 5,161,715 286,901 - 31,242 101,350 - 42,811,044 17,979,882 38,343 25,752,173 28,093,861 1,957,217 5 699,406,930 20,769,634 60,214,606 VALUE OF IMPORTS, EXPORTS AND BALANCE OF TRADE CLASSIFIED BY PRINCIPAL TRADING AREAS AND 1st QUARTER, 2020- 1st QUARTER, 2021 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$ 1st QTR 2020 2nd QTR 2020 3rd QTR 2020 4th QTR 2020 1st QTR 2021 586,723,230 428,110,585 545,814,179 644,638,784 699,406,930 89,761,712 55,432,466 69,339,644 119,975,025 80,984,240 -496,961,518 -372,678,119 -476,474,535 -524,663,759 -618,422,690 2,812,907 2,896,268 6,060,848 5,895,390 840,452 686,290 378,669 970,130 6,269,963 1,034,515 -1,972,455 -2,209,978 -5,682,179 -4,925,260 -5,235,448 4,648,127 25,090,382 16,324,323 4,948,634 14,887,860 372,348 61,754 8,779 1,021,032 151,473 -4,275,779 -25,028,628 -16,315,544 -3,927,602 -14,736,387 479,635,950 332,730,218 411,240,001 531,203,311 569,951,630 83,193,725 36,689,145 64,205,732 83,381,815 70,121,756 -396,442,225 -296,041,073 -347,034,269 -447,821,496 -499,829,874 25,265,875 11,486,809 15,442,022 12,320,141 25,626,409 6,940 11,971,035 1,176,143 81,979 8,579,698 -25,258,935 484,226 -14,265,879 -12,238,162 -17,046,711 17,885,742
 9,687,703 13,582,001 15,296,622 16,755,288 3,043,658 439,450 514,066 1,262,709 949,281 -14,842,084 -9,248,253 -13,067,935 -14,033,913 -15,806,007 61,488 574,401 383,832 665,117 360,716 - - - - - -61,488 -574,401 -383,832 -665,117 -360,716 56,413,141 2,304,589 45,644,804 82,781,152 5,584,792 3,056,255 74,309,569 33,257,360 65,555,064 147,517 -54,108,552 -40,060,012 -79,724,897 -41,052,209 -65,407,547 6 TOTAL IMPORTS BY ISLAND OF ENTRY AND 1st QUARTER, 2020 –1st QUARTER, 2021 TABLE 7 2020 $B 2021 PORT OF ENTRY 1ST QTR 2020 2ND QTR 2020 3RD QTR 2020 4TH QTR 2020 1ST QTR 2021 NEW PROVIDENCE 332,445,152 272,477,259 377,989,426 459,381,546 500,671,466 GRAND BAHAMA 201,094,504 130,558,249 141,608,337 145,631,526 147,152,318 ABACO ANDROS BIMINI CAT ISLAND CHUB CAY 17,877,644 3,743,276 1,607,337 2,720,805 14,255,903 1,290,066 1,274,270 2,990,148 4,557,560 5,256,192 9,198,104 2,749,007 1,364,332 5,659,217 1,813,541 273,166 397,680 606,908 970,903 1,439,706 81,023 608,193 961,007 873,558 1,050,257 ELEUTHERA 7,619,676 7,912,623 6,770,068 8,790,939 10,946,672 EXUMA, GEORGE TOWN 5,163,377 4,257,678 6,388,573 7,345,473 9,270,851 INAGUA 1,236,627 989,890 1,204,533 1,595,738 971,083 MAYAGUANA - - - - - CAT CAY 733,308 290,707 866,536 1,167,506 1,142,556 SAN SALVADOR 260,582 180,965 308,232 335,540 293,513 GREAT HARBOUR CAY 8,748,159 2,032,445 2,278,288 4,695,095 4,041,526 LONG ISLAND 701,842 638,343 870,454 913,378 1,101,346 TOTAL 586,723,230 428,110,585 545,814,179 644,638,784
 699,406,930 7