TT$ 156.4 Million In Exports To Bahamas Between 2019 To 2022

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TT$ 156.4 Million In Exports To Bahamas Between 2019 To 2022

Trinidad and Tobago has earned TT$ 156.4 million in exports to Bahamas and just over TT$ 360,000 in imports annually.

This is for the period 2019 to 2022.

Over the period Trinidad and Tobago’s positive trade balance with Bahamas improved.

Trade balance with Bahamas improved significantly, growing from TT$ 15.5 million in 2019 to TT$ 350.9 million in 2022 due to an increase in energy and steel exports.

The main exports to Bahamas in 2021 and 2022 comprised non-energy products such as steel bars and rods, insecticides, non-alcoholic beverages, paper products and chocolates as well as energy products such as petroleum oils and liquefied propane.

The Bahamas continues to be an important intra-regional services trading partner for Trinidad and Tobago.

Tourism is a vital component of Bahamas’ economy, contributing significantly to its exports and foreign exchange earnings.

Tourism and related services account for 70 percent of the country’s GDP and employ just over half the workforce.

As such, there exists an opportunity for bi-lateral collaboration to grow the Tourism Sector and tourism related sub-sectors such as the Food & Beverage, Printing and Packaging, and Household Chemicals in both countries