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Trade Chief: Imports Jump Sign Economy ‘Expanding’
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Bahamas imports surge to $4.9 billion in 2024 as trade deficit widens
NASSAU, BAHAMAS- The Bahamas’ trade deficit widened sharply in 2024 as imports surged to nearly $5 billion, according to new figures released by the Bahamas National Statistical Institute (BNSI). Preliminary data shows the value of imported goods rose by 18 percent—from $4.2 billion in 2023 to $4.94 billion in 2024—driven largely by increased demand for machinery, transport equipment, and food products. Meanwhile, total exports declined to $689 …
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