CARIFORUM-UK economic partnership agreement
The UK has signed an economic partnership agreement (EPA) with the CARIFORUM trade bloc which includes The Bahamas. Read our latest updates for more information on the status of this agreement and how it may benefit your business.
Top five UK goods exported to The Bahamas , in the four quarters to the end of Q2 2024
| Goods | Value (£ million ) |
|---|---|
| Refined oil | |
| Medicinal & pharmaceutical products | |
| Cereals | |
| Furniture (consumer) | |
| Miscellaneous electrical goods (intermediate) |
Source:
ONS Trade in goods: country-by-commodity exports
Last updated: October 2024
Download the latest trade and investment factsheet for The Bahamas.
Total import value (into the UK from The Bahamas) and export value (from the UK into The Bahamas) over time
| Year | Imports (£ million ) | Exports (£ million ) | Total trade (£ million ) |
|---|---|---|---|
| 2016 | 282.0 | 183.0 | 465.0 |
| 2017 | 169.0 | 231.0 | 400.0 |
| 2018 | 76.0 | 158.0 | 234.0 |
| 2019 | 70.0 | 262.0 | 332.0 |
| 2020 | 14.0 | 175.0 | 189.0 |
| 2021 | 80.0 | 272.0 | 352.0 |
| 2022 | 213.0 | 169.0 | 382.0 |
| 2023 | 270.0 | 169.0 | 439.0 |
Source:
ONS UK total trade: all countries, seasonally adjusted
Last updated: October 2024
Total trade is the sum of all exports and imports over the same time period.
Download the latest trade and investment factsheet for The Bahamas.
The Bahamas: at a glance
Economic growth
2.6%
Actual figure (IMF, 2023)
The UK is 0.1% (IMF, 2023, projected figure)
GDP per capita
$25,050
Actual figure (IMF, 2020)
The UK is $40,231 (IMF, 2020, actual figure)
Currency
Eastern Caribbean Dollar
Business language
English
Time zone
GMT -5
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