Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1697647646856.pdf (Bahamas)
COMMONWEALTH OF THE BAHAMAS FOREIGN TRADE STATISTICS QUARTERLY REPORT FOURTH QUARTER, 2021 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 August, 2022 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 4th Quarter, 2020 – 4th Quarter, 2021 1 2.

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

Value of Re-Exports Classified By Section of Commodity (HS) and 4th Quarter, 2020 – 4th Quarter, 2021 5.

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

Value of Imports, Exports and Balance of Trade Classified By Principal Trading Areas and 4th Quarter, 2020 – 4th Quarter, 2021 6 7.
Value of Total Imports By Island of Entry and 4th Quarter, 2020 – 4th 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 4TH QUARTER 2021 TRADE DATA HIGHLIGHTS IMPORTS Data on merchandise trade for 4th quarter 2021 shows that the value of commodities imported into The Bahamas totaled $925 million resulting in a increase of 43% when compared with the same period last year.
The major groups of merchandise, were ‘Mineral Fuels Lubricants And Related Materials’ which totaled $200 million, ‘Food And Live Animals’ at $161 million and ‘Machinery And Transport Equipment’ which totaled $139 million.

The combined value of these categories represented 54% of total imports.
Other categories that contributed to total imports were ‘Miscellneous Manfactured Articles’ which accounted for $121 million, ‘Manufactured Goods Classified Chiefly By Materials’ value at $119 million and ‘Chemicals’, at $89 million (these groups together represented 36% of total Imports).
Categories that showed significant increases were ‘Mineral Fuels, Lubricants And Related Materials’ and ‘Commodities And Transactions Not Classified According To Kind’ which increased by 138%, and 108% respectively when compared to the same quarter last year.

EXPORTS As it relates to total exports, for 4th quarter 2021, data shows that the value of commodities exported (Domestic and Re-Export) from The Bahamas totaled $171 million resulting in a increase of 37% when compared with the same period last year.
The categories that contributed the largest proportion to the exports were ‘Food And Live Animals’ which totaled $62million, ‘Mineral Fuels, Lubricants And Related Materials’ at $34 million and ‘Miscellaneous Manufactured Articles’ $25million representing 71% of total exports.

The groups that decreased in value when compared to the same period last year were ‘Chemicals’, ‘Beverages And Tobacco’ and ‘Machinery And Transport Equipment’ which declined by 71%, 38% and 26%, respectively.
v Value of Exports by Section of Commodity: 4th Quarter 2021 61,853,129 33,877,013 19,028,723 20,328,327 25,261,823 5,401,028 251,212 5,018,849 10 0 1 2 3 6 Section of Commodity 5 4 7 8 - 9 70,000,000 60,000,000 50,000,000 ) $ B ( e u l a V 40,000,000 30,000,000 20,000,000 10,000,000 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: 4th Quarter 2021 200,022,078 161,427,105 139,419,844 119,453,167 121,024,680 89,267,636 250,000,000 200,000,000 150,000,000 100,000,000 50,000,000 ) $ B ( e u l a V 40,585,101 7 8 9 28,840,695 19,700,947 5,156,341 0 0 1 2 LEGEND 3 6 Section of Commodity 5 4 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 4th QUARTER, 2020 – 4th QUARTER, 2021 TABLE 1 2020 B$ 2021 4th QTR 2020 1st QTR 2021 2nd QTR 2021 3rd QTR 2021 4th QTR 2021
 IMPORTS 644,638,784 699,406,930 903,584,306 954,716,992 924,897,594 Oil Trade 83,961,252 119,641,534 152,017,596 186,105,677 200,022,078 Other Merchandise 560,677,532 579,765,396 751,566,710 768,611,315 724,875,516 EXPORTS 124,826,322 80,984,240 115,654,572 149,530,581 171,020,114 Oil Trade 28,664,406 48,678,435 48,557,869 53,459,839 33,877,013 Other Merchandise 96,161,916 32,305,805 67,096,703 96,070,742 137,143,101 BALANCE OF TRADE -519,812,462 -618,422,690 -787,929,734 -805,186,411 -753,877,480 1 VALUE OF
 IMPORTS CLASSIFIED BY SECTION OF COMMODITY AND 4th QUARTER, 2020 – 4th QUARTER, 2021 TABLE 2 SECTION OF COMMODITY IMPORTS IMPORTS IMPORTS IMPORTS IMPORTS $B 4th QTR 2020 1st QTR 2021 2nd QTR 2021 3rd QTR 2021 4th QTR 2021 0 FOOD AND LIVE ANIMALS 119,207,405 117,795,030 178,841,708 182,895,012 161,427,105 1 BEVERAGES AND TOBACCO 20,377,582 19,097,256 27,156,804 32,539,951 28,840,695 2 CRUDE MINERALS, INEDIBLE EXCEPT FUELS 15,123,708 18,475,740 21,748,632 19,855,897 19,700,947 MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS 3 83,961,252 119,641,534 152,017,596 186,105,677 200,022,078 4 ANIMAL AND VEGETABLE OILS AND FATS 2,264,888 2,234,625 3,653,671 3,910,068 5,156,341 5 CHEMICALS 65,245,689 70,687,099 73,044,672 103,497,302 89,267,636 6 MANUFACTURED GOODS CLASSIFIED CHIEFLY BY MATERIALS 95,596,859 96,014,907 131,447,209 132,697,444 119,453,167 7 MACHINERY AND TRANSPORT EQUIPMENT 142,573,585 152,683,507 184,346,023 154,984,109 139,419,844 8 MISCELLANEOUS MANUFACTURED ARTICLES 80,806,319 75,863,510 96,556,875 101,499,865 121,024,680 9 COMMODITIES AND TRANSACTIONS NOT CLASSIFIED 19,481,497 26,913,722 34,771,116 36,731,667 40,585,101 ACCORDING TO KIND TOTAL 644,638,784 699,406,930 903,584,306 954,716,992 924,897,594 2 VALUE OF DOMESTIC EXPORTS CLASSIFIED BY SECTION OF COMMODITY AND 4th QUARTER, 2020 – 4th QUARTER, 2021 TABLE 3 $B SECTION OF COMMODITY DOMESTIC DOMESTIC DOMESTIC DOMESTIC DOMESTIC EXPORTS EXPORTS EXPORTS EXPORTS EXPORTS 4th QTR 2020 1st QTR 2021 2nd QTR
 2021 3rd QTR 2021 4th QTR 2021 0 FOOD AND LIVE ANIMALS 31,088,230 1,455,400 10,850,302 17,234,429 61,692,168 1 BEVERAGES AND TOBACCO 263,590 28 258,570 268,607 251,212 2 CRUDE MINERALS, INEDIBLE EXCEPT FUELS 5,380,536 2,769,197 3,495,390 3,969,378 4,763,400 3 MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS 4 ANIMAL AND VEGETABLE OILS AND FATS - - - - - - 2,350 - - - 5 CHEMICALS 17,312,641 16,358,635 21,403,098 18,062,846 4,752,078 6 MANUFACTURED GOODS CLASSIFIED CHIEFLY BY MATERIALS 2,007,968 185,461
 13,080,103 26,757,855 4,761,659 7 MACHINERY AND TRANSPORT EQUIPMENT 438,257 - 1,199,824 2,850,442 - 8 MISCELLANEOUS MANUFACTURED ARTICLES 3,506,365 913 7,569,202 16,551,931 2,391,745 9 COMMODITIES AND TRANSACTIONS NOT CLASSIFIED 23,778 - - 6,384 - ACCORDING TO KIND TOTAL 60,021,365 20,769,634 57,856,489 85,704,402 78,612,262 3 VALUE OF RE-EXPORTS CLASSIFIED BY SECTION OF COMMODITY AND 4th QUARTER, 2020 – 4th QUARTER, 2021 TABLE 4 SECTION OF COMMODITY 0 FOOD AND LIVE ANIMALS 1 BEVERAGES AND TOBACCO RE- EXPORTS RE- EXPORTS RE- EXPORTS RE- EXPORTS B$ RE- EXPORTS 4th QTR 2020 1st QTR 2021 2nd QTR 2021 3rd QTR 2021 4th QTR 2021 1,096 40,849 142,683 - - - 1,847 1,108 160,961 - 2 CRUDE MINERALS, INEDIBLE EXCEPT FUELS 393,840 77,647 474,862 2,655,224 637,628 3 MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS 28,664,406 48,678,435 48,557,869 53,457,309 33,877,013 4 ANIMAL AND VEGETABLE OILS AND FATS - 652 - - 10 5 CHEMICALS 255,414 112,788 995,080 318,390 266,771 6 MANUFACTURED GOODS CLASSIFIED CHIEFLY BY MATERIALS 1,687,332 449,925 1,620,392 588,373 14,267,064 7 MACHINERY AND TRANSPORT EQUIPMENT 27,184,981 10,321,964 6,094,809 6,529,463 20,328,327 8 MISCELLANEOUS MANUFACTURED ARTICLES 6,475,205 532,346 55,071 274,465 22,870,078 9 COMMODITIES AND TRANSACTIONS NOT CLASSIFIED - - - - - ACCORDING TO KIND TOTAL 4 64,804,957 60,214,606 57,798,083 63,826,179 92,407,852 VALUE OF IMPORTS, DOMESTIC EXPORTS AND RE-EXPORTS CLASSIFIED BY SECTION OF COMMODITY 4TH 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 55,372,309 62,565,125 57,380 43,078,861 6,965,776 - - 118,146 10 Section 4.

Prepared Food Stuffs Beverages Spirits Vinegar Tobacco & Manufactured 94,346,144 251,212 100,485 Substitutes Section 5.

Mineral Products 205,093,968 3,792,380 33,877,028 Section 6.
Products of The Chemical or Allied Industries 77,846,066 - 266,771 Section 7.

Plastics & Articles Thereof Rubber & Articles Thereof 39,332,762 7,142,158 388,171 Section 8.

Raw Hides & skin Leather Furskins & Articles Thereof Saddlery 3,577,414 - 10,719 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 23,898,253 656,882 - Manufactures of Staw Esparto or Other Plaiting Materials Basket ware & Wickerwork Section 10.

Pulp of Wood Other Fibrous Cellulosic Material Recovered 15,095,654 (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 25,658,302 7,515,859 Section 13.

Articles of Stone Plaster Cement Asbestos Mica or Similar Materials 22,758,511 Ceramic Products Glass & Glassware Section 14.
Natural or Cultured Pearls Precious or Semi-Precious Stones Precious 10,450,627 Metal Metals Clad With Precious Metal & Articles Thereof Imitation Jewellery Coin - - - - - 31,161,851 510,701 6,842 92,275 2,550,846 Section 15.

Base Metal and Articles of Base Metal 50,739,699 4,204,505 840,868 Section 16.
Machinery and Mechanical Appliances Electrical Equipment Parts Thereof 99,047,879 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 - - - - - - - 16,664,103 3,664,759 1,177,313 350 562,159 357,063 12 40,293,211 14,191,914 228,837 36,975,419 50,754,656 1,675,473 5 924,897,594 78,612,262 92,407,852 VALUE OF IMPORTS, EXPORTS AND BALANCE OF TRADE CLASSIFIED BY PRINCIPAL TRADING AREAS AND 4th QUARTER, 2020 – 4th 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$ 4th QTR 2020 1st QTR 2021 2nd QTR 2021 3rd QTR 2021 4th QTR 2021 644,638,784 699,406,930 903,584,306 954,716,992 924,897,594 124,826,322 80,984,240 115,654,572 149,530,581 171,020,114 -519,812,462 -618,422,690 -787,929,734 -805,186,411 -753,877,480 5,895,390 970,130 6,269,963 1,034,515 5,751,622 1,546,478 4,934,437 7,178,364 407,443 17,083,113 -4,925,260 -5,235,448 -4,205,144 -4,526,994 9,904,749 4,948,634 1,021,032 14,887,860 8,924,881 6,071,611 7,008,027 151,473 196 31,001 132,049 -3,927,602 -14,736,387 -8,924,685 -6,040,610 -6,875,978 531,203,311 569,951,630 758,682,772 813,188,820 799,360,721 84,413,543 70,121,756 88,483,919 114,005,537 107,226,241 -446,789,768 -499,829,874 -670,198,853 -699,183,283 -692,134,480 12,320,141 25,626,409 15,156,865 6,062,355 3,864,286 81,979 8,579,698 32 217,526 11,366 -12,238,162 -17,046,711 -15,156,833 -5,844,829 -3,852,920 15,296,622
 16,755,288 21,402,601 20,107,846 23,910,117 20,632,347 949,281 1,010,351 91,171 15,024,061 -5,335,725 -15,806,007 -20,392,250 -20,016,675 -8,886,056 665,117 360,716 1,032,927 429,140 5,351,652 - - - - 83,250 -665,117 -360,716 -1,032,927 -429,140 -5,268,402 74,309,569 17,707,291 65,555,064 92,632,638 103,922,783 147,517 24,613,596 34,777,903 78,224,427 31,460,034 -56,602,278 -65,407,547 -68,019,042 -69,144,880 -46,764,393 6 TOTAL IMPORTS BY ISLAND OF ENTRY AND 4th QUARTER, 2020 – 4th QUARTER, 2021 TABLE 7 2020 $B 2021 PORT OF ENTRY 4TH QTR 2020 1ST QTR 2021 2ND QTR 2021 3RD QTR 2021 4TH QTR 2021 NEW PROVIDENCE 459,381,546 500,671,466 560,486,197 579,013,540 644,768,701 GRAND BAHAMA 145,631,526 147,152,318 269,954,763 311,190,326 198,238,239 ABACO ANDROS BIMINI CAT ISLAND CHUB CAY 2,720,805 14,255,903 16,775,548 15,146,721 19,692,503 4,557,560 5,256,192 6,710,547 4,729,525 10,131,604 5,659,217 1,813,541 3,508,049 4,944,643 6,306,493 970,903 1,439,706 908,536 3,531,854 873,647 873,558 1,050,257 7,461,988 1,180,691 683,387 ELEUTHERA 8,790,939 10,946,672 11,438,787 11,593,367 15,793,207 EXUMA, GEORGE TOWN 7,345,473 9,270,851 11,988,620 11,054,133 15,044,677 INAGUA 1,595,738 971,083 4,507,690 1,449,516 1,465,777 MAYAGUANA - - - 1,006,755 - CAT CAY 1,167,506 1,142,556 1,229,920 1,625,224 1,800,605 SAN SALVADOR 335,540 293,513 281,205 157,973 189,821 GREAT HARBOUR CAY 4,695,095 4,041,526 7,337,152 7,090,379 8,169,435 RUM CAY - - 33,338 - 2,699 LONG ISLAND 913,378 1,101,346
 961,966 1,002,345 1,736,799 TOTAL 644,638,784 699,406,930 903,584,306 954,716,992 924,897,594 7