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What products does The Bahamas export and import?
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The Bahamas
The flag of The Bahamas was officially hoisted on July 10, 1973, the date of the nation's independence from the United Kingdom.
The Bahamas maintains a market economy that is heavily reliant on tourism and international financial services, with the United States serving as its primary trading partner.12
Exports and Imports
The country's trade profile is characterized by the following:
- Major Exports: The primary goods exported by The Bahamas are petroleum and rock lobster.1
- Major Imports: The nation imports a wide variety of goods, most notably machinery, transport equipment, mineral fuels, and food products.1
Because only a small fraction of the land is arable and the soil is generally shallow, the domestic agricultural sector is limited. Consequently, nearly all of the country's foodstuffs are imported, primarily from the United States. While the fishing industry contributes to the economy, its commercial catch is largely focused on spiny lobster, grouper, and conch.3
Other significant trading partners for The Bahamas include China, Panama, Ireland, the U.S. Virgin Islands, the United Kingdom, and Japan.1