Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1697647644104.pdf (Bahamas)
COMMONWEALTH OF THE BAHAMAS FOREIGN TRADE STATISTICS QUARTERLY REPORT SECOND QUARTER, 2023 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 September, 2023 THE FOREIGN TRADE STATISTICS QUARTERLY REPORT Page No.

PREFACE Table of Contents Data Notes & Explanation Data Highlights Graphs (1 & 2) Table No.

1.

Value of Imports, Exports and Balance of Trade By 2nd Quarter, 2022 – 2nd Quarter, 2023 2.

Value of Imports Classified By Section of Commodity And 2nd Quarter, 2022 – 2nd Quarter, 2023 3.

Value of Domestic Exports Classified By Section of Commodity and 2nd Quarter, 2022 – 2nd Quarter, 2023 4.
Value of Re-Exports Classified By Section of Commodity (HS) and 2nd Quarter, 2022 – 2nd Quarter, 2023 5.

Value of Imports, Domestic Exports and Re-Exports Classified By Section of Commodity, 2nd Quarter, 2023 6.

Value of Imports, Exports and Balance of Trade Classified By Principal Trading Areas and 2nd Quarter, 2022 – 2nd Quarter, 2023 7.

Value of Total Imports By Island of Entry and 2nd Quarter, 2022 – 2nd Quarter, 2023 ii i ii iii-iv v vi-vii 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.

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.
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.

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 2ND QUARTER 2023 TRADE DATA HIGHLIGHTS IMPORTS Data on merchandise trade for 2nd quarter 2023 shows that the value of commodities imported into The Bahamas totaled $1,094 billion resulting in an increase of 35% when compared with the same period last year.
The major groups of merchandise, were ‘Mineral Fuel, Lubricants And Related Materials’ which totaled $225 million, ‘Machinery And Transport Equipment’ at $219 million and ‘Food And Live Animals’ which totaled $193 million.

The combined value of these categories represented 58% of total imports.
Other categories that contributed to total imports were ‘Miscellaneous Manufactured Articles’ which accounted for $139 million, ‘Manufactured Goods Classified Chiefly By Materials’ value at $132 million and ‘Chemicals’, at $77 million (these groups together represented 32% of total Imports).
Categories that showed significant increases when compared to the same quarter last year were ‘Mineral Fuel, Lubricants And Related Materials’, and ‘Machinery And Transport Equipment’ which increased by 103%, and 62% respectively.

EXPORTS As it relates to total exports, for 2nd quarter 2023, data shows that the value of commodities exported (Domestic and Re-Export) from The Bahamas totaled $247 million resulting in an increase of 68% when compared with the same period last year.
The categories that contributed the largest proportion to the exports were ‘Machinery And Transport Equipment’ which totaled $118 million, ‘Manufactured Goods Classified Chiefly By Materials’ at $61million, and ‘Mineral Fuels, Lubricants And Related Materials’ at $31 million when combined representing 85% of total exports.
that showed significant Categories ‘Machinery And Transport Equipment’, and ‘Crude Minerals, Inedible Except Fuels’ and ‘Beverages And Tobacco’ which increased by 340%, 208% and 65% 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 ‘Food And Live Animals, and ‘Chemicals’ which declined by 24%, and 23%, respectively.
v 140,000,000 120,000,000 100,000,000 ) $ B ( e u l a V 80,000,000 60,000,000 40,000,000 Value of Exports by Section of Commodity: 2nd Quarter 2023 117,760,378 61,228,699 30,764,840 20,000,000 15,543,732 9,435,122 0 334,779 5,159,752 1,400 6,932,795 0 Section of Commodity - 9 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: 2nd Quarter 2023 250,000,000 225,319,018 218,948,085 200,000,000 193,236,567 ) $ B ( e u l a V 150,000,000 100,000,000 132,428,717 139,155,229 76,846,404 50,000,000 40,992,988 42,108,411 20,601,866 4,544,792 0 0 1 2 LEGEND 3 4 6 Section of Commodity 5 7 8 9 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 2nd QUARTER, 2022 – 2nd QUARTER, 2023 TABLE 1 IMPORTS Oil Trade 2022 B$ 2023 2nd QTR 2022 3rd QTR 2022 4th QTR 2022 1st QTR
 2023 2nd QTR 2023 809,763,745 1,117,461,853 1,073,648,507 1,027,232,094 1,094,182,077 111,022,976 248,686,963 189,811,453 150,785,799 225,319,018 Other Merchandise 698,740,769 868,774,890 883,837,054 876,446,295 868,863,059 EXPORTS 146,738,462 153,519,220 155,200,956 160,521,304 247,161,497 Oil Trade 35,147,168 37,452,163 45,040,028 48,916,596 30,764,840 Other Merchandise 111,591,294 116,067,057 110,160,928 111,604,708 216,396,657 BALANCE OF TRADE -663,025,283 -963,942,633 -918,447,551 -866,710,790
 -847,020,580 1 VALUE OF IMPORTS CLASSIFIED BY SECTION OF COMMODITY AND 2nd QUARTER, 2022 – 2nd QUARTER, 2023 TABLE 2 SECTION OF COMMODITY IMPORTS IMPORTS IMPORTS IMPORTS IMPORTS $B 2nd QTR 2022 3rd QTR 2022 4th QTR 2022 1st QTR 2023 2nd QTR 2023 0 FOOD AND LIVE ANIMALS 166,757,190 184,025,016 182,990,368 198,308,301 193,236,567 1 BEVERAGES AND TOBACCO 36,162,816 39,253,739 35,915,962 36,921,732 40,992,988 2 CRUDE MINERALS, INEDIBLE EXCEPT FUELS 18,449,959 21,556,702 22,846,778 21,696,888 20,601,866 MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS 3 111,022,976 248,686,963 189,811,453 150,785,799 225,319,018 4 ANIMAL AND VEGETABLE OILS AND FATS 4,628,617 4,119,875 3,408,422 4,204,761 4,544,792 5 CHEMICALS 96,856,660 95,277,722 81,673,941 88,432,832 76,846,404 MANUFACTURED GOODS CLASSIFIED CHIEFLY BY MATERIALS 6 104,402,861 152,556,632 142,970,729 140,666,118 132,428,717 7 MACHINERY AND TRANSPORT EQUIPMENT 134,750,000 197,410,145 203,262,092 204,948,002 218,948,085 8 MISCELLANEOUS MANUFACTURED ARTICLES 105,540,037 134,820,813 173,082,796 141,724,945 139,155,229 9 COMMODITIES AND TRANSACTIONS NOT CLASSIFIED 31,192,629 39,754,246 37,685,966 39,542,716 42,108,411 ACCORDING TO KIND TOTAL 809,763,745 1,117,461,853 1,073,648,507 1,027,232,094 1,094,182,077 2 VALUE OF DOMESTIC EXPORTS CLASSIFIED BY SECTION OF COMMODITY AND 2nd QUARTER, 2022 – 2nd QUARTER, 2023 TABLE 3 $B SECTION OF COMMODITY DOMESTIC EXPORTS DOMESTIC EXPORTS DOMESTIC EXPORTS DOMESTIC EXPORTS DOMESTIC EXPORTS 2nd QTR
 2022 3rd QTR 2022 4th QTR 2022 1st QTR 2023 2nd QTR 2023 0 FOOD AND LIVE ANIMALS 20,245,180 16,668,076 33,881,109 18,136,585 11,130,399 1 BEVERAGES AND TOBACCO 202,566 247,299 380,213 329,120 334,779 2 CRUDE MINERALS, INEDIBLE EXCEPT FUELS 2,430,144 5,831,752 15,250,331 10,997,941 8,734,609 3 MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS 4 ANIMAL AND VEGETABLE OILS AND FATS - - - - - - - - - - 5 CHEMICALS 6,253,848 17,901,565 4,382,780 7,832,642 3,636,763 6 MANUFACTURED GOODS CLASSIFIED CHIEFLY BY
 MATERIALS 2,739,837 3,277,585 2,219,918 3,032,485 2,492,732 7 MACHINERY AND TRANSPORT EQUIPMENT 200 2,500 79,100 200 41,800 8 MISCELLANEOUS MANUFACTURED ARTICLES 9 COMMODITIES AND TRANSACTIONS NOT CLASSIFIED 1,645 - 200 - - - 1,644 - 20 - ACCORDING TO KIND TOTAL 31,873,420 43,928,977 56,193,451 40,330,617 26,371,102 3 VALUE OF RE-EXPORTS CLASSIFIED BY SECTION OF COMMODITY AND 2nd QUARTER, 2022 – 2nd QUARTER, 2023 TABLE 4 B$ RE- EXPORTS RE- EXPORTS RE- EXPORTS RE- EXPORTS RE- EXPORTS 2nd QTR 2022 3rd QTR 2022 4th QTR 2022 1st QTR 2023 2nd QTR 2023 SECTION OF COMMODITY 0 FOOD AND LIVE ANIMALS 92,361 24,516 67,007 378,300 4,413,333 1 BEVERAGES AND TOBACCO - - - - - 2 CRUDE MINERALS, INEDIBLE EXCEPT FUELS 628,602 612,063 437,573 518,120 700,513 3 MINERAL FUELS, LUBRICANTS AND RELATED MATERIALS 35,147,168 37,452,163 45,040,028 48,916,596 30,764,840 4 ANIMAL AND VEGETABLE OILS AND FATS 1,175 411 1,174 1,400 1,400 5 CHEMICALS 443,798 714,215 134,920 310,381 1,522,989 6 MANUFACTURED GOODS CLASSIFIED CHIEFLY BY MATERIALS 43,002,561 35,183,492 17,783,677 42,229,648 58,735,967 7 MACHINERY AND TRANSPORT EQUIPMENT 26,734,143 14,938,624 7,579,637 20,954,876 117,718,578 8 MISCELLANEOUS MANUFACTURED ARTICLES 8,799,919 20,619,509 27,954,975 6,866,248 6,932,775 9 COMMODITIES AND TRANSACTIONS NOT CLASSIFIED 15,315 45,250 8,514 15,118 - ACCORDING TO KIND TOTAL 114,865,042 109,590,243 99,007,505 120,190,687 220,790,395 4 VALUE OF IMPORTS, DOMESTIC EXPORTS AND RE-EXPORTS CLASSIFIED BY
 SECTION OF COMMODITY 2ND QUARTER, 2023 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 63,308,166 11,560,868 - 51,467,237 6,361,197 - - 4,482,083 1,400 Section 4.

Prepared Food Stuffs Beverages Spirits Vinegar Tobacco & Manufactured 122,269,902 334,809 196,153 Substitutes Section 5.

Mineral Products 232,994,304 7,911,002 30,764,840 Section 6.
Products of The Chemical or Allied Industries 68,234,111 30 692,628 Section 7.

Plastics & Articles Thereof Rubber & Articles Thereof 39,954,680 3,636,733 2,374,912 Section 8.

Raw Hides & skin Leather Furskins & Articles Thereof Saddlery 6,497,250 7,200 7,147 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 26,278,821 137,165 - Manufactures of Straw Esparto or Other Plaiting Materials Basket ware & Wickerwork Section 10.

Pulp of Wood Other Fibrous Cellulosic Material Recovered 17,781,541 (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 30,845,685 9,640,469 Section 13.

Articles of Stone Plaster Cement Asbestos Mica or Similar Materials 28,800,043 Ceramic Products Glass & Glassware Section 14.
Natural or Cultured Pearls Precious or Semi-Precious Stones Precious 15,457,917 Metal Metals Clad With Precious Metal & Articles Thereof Imitation Jewelry Coin - - - - - 55,113,955 350,828 6,316 195,276 83,600 Section 15.

Base Metal and Articles of Base Metal 51,279,863 2,783,295 3,618,221 Section 16.

Machinery and Mechanical Appliances Electrical Equipment Parts Thereof 155,449,115 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 - - - - - - - 7,354,926 110,384,673 410,944 - 4,068,139 684,352 2 62,894,520 18,133,273 154,191 41,500,452 42,781,062 2,098,278 5 1,094,182,077 26,371,102 220,790,395 VALUE OF IMPORTS, EXPORTS AND BALANCE OF TRADE CLASSIFIED BY PRINCIPAL TRADING AREAS AND 2ND QUARTER, 2022 – 2ND QUARTER, 2023 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$ 2nd QTR 2022 3rd QTR 2022 4th QTR 2022 1st QTR 2023 2nd QTR 2023 809,763,745 1,117,461,853 1,073,648,507 1,027,232,094 1,094,182,077 146,738,462 153,519,220 155,200,956 160,521,304 247,161,497 -663,025,283 -963,942,633 -918,447,551 -866,710,790 -847,020,580 6,494,631 2,823,349 3,729,824 1,349,886 6,809,599 2,602,970 4,828,320 5,582,997 9,494 445 -3,671,282 -2,379,938 -4,206,629 -4,818,826 -5,582,552 7,112,181 6,069,484 6,826,237 6,216,090 7,197,429 2,453 - 440,829 29,430 393,521 -7,109,728 -6,069,484 -6,385,408 -6,186,660 -6,803,908 649,488,177 983,510,966 950,805,322 902,875,887 855,009,467 118,776,032 103,283,271 79,370,796 156,230,458 246,493,324 -530,712,145 -880,227,695 --871,434,526 -746,645,429 -608,516,143 15,621,606 2,947,217 5,656,333 7,359,439 7,572,518 47,965 2,000 23,905 740,459 30,038 -15,573,641 -2,939,217 5,632,428 -6,618,980 -7,542,480 38,339,954 26,042,220
 29,774,369 23,749,394 28,572,409 4,596,731 7,204,608 10,627,295 992,110 52,944 -33,743,223 -18,837,612 -19,147,074 22,757,284 -28,519,465 652,662 651,119 509,630 588,622 369,080 - - - - - -652,662 -651,119 509,630 -588,622 -369,080 92,054,534 20,491,932 94,517,023 41,679,455 73,267,017 62,135,161 81,614,342 189,878,177 2,519,353 191,225 -71,562,602 -52,837,568 -11,131,856 -79,094,989 -189,686,952 6 TOTAL IMPORTS BY ISLAND OF ENTRY AND 2nd QUARTER, 2022 -2nd QUARTER, 2023 TABLE 7 2022 $B 2022 PORT OF ENTRY 2ND QTR 2022 3RD QTR 2022 4TH QTR 2022 1ST QTR 2023 2ND QTR 2023 NEW PROVIDENCE 606,752,020 847,825,705 806,128,815 736,590,800 754,363,393 GRAND BAHAMA 114,326,626 117,934,823 122,865,308 102,552,404 207,858,111 ABACO ANDROS BIMINI CAT ISLAND CHUB CAY 20,166,174 41,910,532 46,512,075 38,593,002 34,944,641 8,296,053 13,788,921 9,127,102 18,825,310 12,491,380 5,435,425 8,543,808 11,382,345 12,163,043 9,040,501 1,181,689 1,346,985 2,620,515 14,562,606 1,359,269 905,757 1,120,092 1,473,194 3,102,182 1,077,024 ELEUTHERA 22,387,130 40,371,555 31,862,072 45,671,978 27,293,122 EXUMA, GEORGE TOWN 12,764,553 22,469,061 22,438,875 18,246,806 17,568,753 INAGUA 2,279,155 2,339,869 3,472,859 2,155,192 1,673,970 MAYAGUANA - - - - - CAT CAY 2,029,637 1,966,463 1,465,056 4,403,375 1,751,774 SAN SALVADOR 236,113 959,042 1,649,671 833,730 904,278 GREAT HARBOUR CAY 10,583,218 11,895,666 9,365,194 22,901,579 22,186,206 RUM CAY 2,593 - - - - LONG ISLAND 2,417,602 4,989,331 3,285,426
 6,630,087 1,669,655 TOTAL 809,763,745 1,117,461,853 1,073,648,507 1,027,232,094 1,094,182,077 7