Bahamas Trade Statistics
BS: Export: Cost: Border Compliance
BS: Export: Cost: Border Compliance data was reported at 512.000 USD in 2019. This stayed constant from the previous number of 512.000 USD for 2018. BS: Export: Cost: Border Compliance data is updated yearly, averaging 512.000 USD from Dec 2014 (Median) to 2019, with 6 observations. The data reached an all-time high of 512.000 USD in 2019 and a record low of 512.000 USD in 2019. BS: Export: Cost: Border Compliance data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Bahamas – Table BS.World Bank.WDI: Trade Statistics. Border compliance captures the time and cost associated with compliance with the economy’s customs regulations and with regulations relating to other inspections that are mandatory in order for the shipment to cross the economy’s border, as well as the time and cost for handling that takes place at its port or border. The time and cost for this segment include time and cost for customs clearance and inspection procedures conducted by other government agencies.;World Bank, Doing Business project (http://www.doingbusiness.org/). NOTE: Doing Business has been discontinued as of 9/16/2021. For more information: https://bit.ly/3CLCbme;Unweighted average;Insurance cost and informal payments for which no receipt is issued are excluded from the costs recorded. Costs are reported in U.S. dollars. Contributors are asked to convert local currency into U.S. dollars based on the exchange rate prevailing on the day they answer the questionnaire. Contributors are private sector experts in international trade logistics and are informed about exchange rates and their movements. Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 512.000 2019 | yearly | 2014 - 2019 |
View Bahamas's BS: Export: Cost: Border Compliance from 2014 to 2019 in the chart:
BS: Export: Cost: Documentary Compliance
BS: Export: Cost: Documentary Compliance data was reported at 550.000 USD in 2019. This stayed constant from the previous number of 550.000 USD for 2018. BS: Export: Cost: Documentary Compliance data is updated yearly, averaging 550.000 USD from Dec 2014 (Median) to 2019, with 6 observations. The data reached an all-time high of 550.000 USD in 2019 and a record low of 550.000 USD in 2019. BS: Export: Cost: Documentary Compliance data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Bahamas – Table BS.World Bank.WDI: Trade Statistics. Documentary compliance captures the time and cost associated with compliance with the documentary requirements of all government agencies of the origin economy, the destination economy and any transit economies. The aim is to measure the total burden of preparing the bundle of documents that will enable completion of the international trade for the product and partner pair assumed in the case study.;World Bank, Doing Business project (http://www.doingbusiness.org/). NOTE: Doing Business has been discontinued as of 9/16/2021. For more information: https://bit.ly/3CLCbme;Unweighted average;Insurance cost and informal payments for which no receipt is issued are excluded from the costs recorded. Costs are reported in U.S. dollars. Contributors are asked to convert local currency into U.S. dollars based on the exchange rate prevailing on the day they answer the questionnaire. Contributors are private sector experts in international trade logistics and are informed about exchange rates and their movements. Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 550.000 2019 | yearly | 2014 - 2019 |
View Bahamas's BS: Export: Cost: Documentary Compliance from 2014 to 2019 in the chart:
Bahamas BS: Exports: Lead Time
BS: Exports: Lead Time data was reported at 19.000 Day in 2014. This stayed constant from the previous number of 19.000 Day for 2013. BS: Exports: Lead Time data is updated yearly, averaging 19.000 Day from Dec 2007 (Median) to 2014, with 8 observations. The data reached an all-time high of 19.000 Day in 2014 and a record low of 16.000 Day in 2009. BS: Exports: Lead Time data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Bahamas – Table BS.World Bank.WDI: Trade Statistics. Time to export is the time necessary to comply with all procedures required to export goods. Time is recorded in calendar days. The time calculation for a procedure starts from the moment it is initiated and runs until it is completed. If a procedure can be accelerated for an additional cost, the fastest legal procedure is chosen. It is assumed that neither the exporter nor the importer wastes time and that each commits to completing each remaining procedure without delay. Procedures that can be completed in parallel are measured as simultaneous. The waiting time between procedures--for example, during unloading of the cargo--is included in the measure.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 19.000 2014 | yearly | 2007 - 2014 |
View Bahamas's Bahamas BS: Exports: Lead Time from 2007 to 2014 in the chart:
BS: Exports: Lead Time: Border Compliance
BS: Exports: Lead Time: Border Compliance data was reported at 36.000 Hour in 2019. This stayed constant from the previous number of 36.000 Hour for 2018. BS: Exports: Lead Time: Border Compliance data is updated yearly, averaging 36.000 Hour from Dec 2014 (Median) to 2019, with 6 observations. The data reached an all-time high of 84.000 Hour in 2014 and a record low of 36.000 Hour in 2019. BS: Exports: Lead Time: Border Compliance data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Bahamas – Table BS.World Bank.WDI: Trade Statistics. Border compliance captures the time and cost associated with compliance with the economy’s customs regulations and with regulations relating to other inspections that are mandatory in order for the shipment to cross the economy’s border, as well as the time and cost for handling that takes place at its port or border. The time and cost for this segment include time and cost for customs clearance and inspection procedures conducted by other government agencies.;World Bank, Doing Business project (http://www.doingbusiness.org/). NOTE: Doing Business has been discontinued as of 9/16/2021. For more information: https://bit.ly/3CLCbme;Unweighted average;Time is measured in hours, and 1 day is 24 hours (for example, 22 days are recorded as 22 × 24 = 528 hours). If customs clearance takes 7.5 hours, the data are recorded as is. Alternatively, suppose that documents are submitted to a customs agency at 8:00 a.m., are processed overnight and can be picked up at 8:00 a.m. the next day. In this case the time for customs clearance would be recorded as 24 hours because the actual procedure took 24 hours. Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 36.000 2019 | yearly | 2014 - 2019 |
View Bahamas's BS: Exports: Lead Time: Border Compliance from 2014 to 2019 in the chart:
BS: Exports: Lead Time: Documentary Compliance
BS: Exports: Lead Time: Documentary Compliance data was reported at 12.000 Hour in 2019. This stayed constant from the previous number of 12.000 Hour for 2018. BS: Exports: Lead Time: Documentary Compliance data is updated yearly, averaging 12.000 Hour from Dec 2014 (Median) to 2019, with 6 observations. The data reached an all-time high of 60.000 Hour in 2014 and a record low of 12.000 Hour in 2019. BS: Exports: Lead Time: Documentary Compliance data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Bahamas – Table BS.World Bank.WDI: Trade Statistics. Documentary compliance captures the time and cost associated with compliance with the documentary requirements of all government agencies of the origin economy, the destination economy and any transit economies. The aim is to measure the total burden of preparing the bundle of documents that will enable completion of the international trade for the product and partner pair assumed in the case study.;World Bank, Doing Business project (http://www.doingbusiness.org/). NOTE: Doing Business has been discontinued as of 9/16/2021. For more information: https://bit.ly/3CLCbme;Unweighted average;Time is measured in hours, and 1 day is 24 hours (for example, 22 days are recorded as 22 × 24 = 528 hours). If customs clearance takes 7.5 hours, the data are recorded as is. Alternatively, suppose that documents are submitted to a customs agency at 8:00 a.m., are processed overnight and can be picked up at 8:00 a.m. the next day. In this case the time for customs clearance would be recorded as 24 hours because the actual procedure took 24 hours. Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 12.000 2019 | yearly | 2014 - 2019 |
View Bahamas's BS: Exports: Lead Time: Documentary Compliance from 2014 to 2019 in the chart:
BS: Exports: Lead Time: Median Case
BS: Exports: Lead Time: Median Case data was reported at 1.000 Day in 2014. This records a decrease from the previous number of 3.000 Day for 2012. BS: Exports: Lead Time: Median Case data is updated yearly, averaging 2.000 Day from Dec 2012 (Median) to 2014, with 2 observations. The data reached an all-time high of 3.000 Day in 2012 and a record low of 1.000 Day in 2014. BS: Exports: Lead Time: Median Case data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Bahamas – Table BS.World Bank.WDI: Trade Statistics. Lead time to export is the median time (the value for 50 percent of shipments) from shipment point to port of loading. Data are from the Logistics Performance Index survey. Respondents provided separate values for the best case (10 percent of shipments) and the median case (50 percent of shipments). The data are exponentiated averages of the logarithm of single value responses and of midpoint values of range responses for the median case.;World Bank and Turku School of Economics, Logistic Performance Index Surveys. Data are available online at : http://www.worldbank.org/lpi. Summary results are published in Arvis and others' Connecting to Compete: Trade Logistics in the Global Economy, The Logistics Performance Index and Its Indicators report.;Unweighted average;
| Last | Frequency | Range |
|---|---|---|
| 1.000 2014 | yearly | 2012 - 2014 |
View Bahamas's BS: Exports: Lead Time: Median Case from 2012 to 2014 in the chart:
Bahamas BS: Exports: Number of Documents
BS: Exports: Number of Documents data was reported at 5.000 Number in 2014. This stayed constant from the previous number of 5.000 Number for 2013. BS: Exports: Number of Documents data is updated yearly, averaging 5.000 Number from Dec 2007 (Median) to 2014, with 8 observations. The data reached an all-time high of 5.000 Number in 2014 and a record low of 5.000 Number in 2014. BS: Exports: Number of Documents data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Bahamas – Table BS.World Bank.WDI: Trade Statistics. All documents required per shipment to export goods are recorded. It is assumed that the contract has already been agreed upon and signed by both parties. Documents required for clearance by government ministries, customs authorities, port and container terminal authorities, health and technical control agencies and banks are taken into account. Since payment is by letter of credit, all documents required by banks for the issuance or securing of a letter of credit are also taken into account. Documents that are renewed annually and that do not require renewal per shipment (for example, an annual tax clearance certificate) are not included.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 5.000 2014 | yearly | 2007 - 2014 |
View Bahamas's Bahamas BS: Exports: Number of Documents from 2007 to 2014 in the chart:
BS: Goods Trade: % of GDP
BS: Goods Trade: % of GDP data was reported at 35.604 % in 2022. This records an increase from the previous number of 33.858 % for 2021. BS: Goods Trade: % of GDP data is updated yearly, averaging 41.279 % from Dec 1960 (Median) to 2022, with 63 observations. The data reached an all-time high of 957.784 % in 1977 and a record low of 24.479 % in 2002. BS: Goods Trade: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Bahamas – Table BS.World Bank.WDI: Trade Statistics. Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. dollars.;World Trade Organization, and World Bank GDP estimates.;Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 35.604 2022 | yearly | 1960 - 2022 |
View Bahamas's BS: Goods Trade: % of GDP from 1960 to 2022 in the chart:
BS: Import: Cost: Border Compliance
BS: Import: Cost: Border Compliance data was reported at 1,385.000 USD in 2019. This stayed constant from the previous number of 1,385.000 USD for 2018. BS: Import: Cost: Border Compliance data is updated yearly, averaging 1,385.000 USD from Dec 2014 (Median) to 2019, with 6 observations. The data reached an all-time high of 1,385.000 USD in 2019 and a record low of 1,385.000 USD in 2019. BS: Import: Cost: Border Compliance data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Bahamas – Table BS.World Bank.WDI: Trade Statistics. Border compliance captures the time and cost associated with compliance with the economy’s customs regulations and with regulations relating to other inspections that are mandatory in order for the shipment to cross the economy’s border, as well as the time and cost for handling that takes place at its port or border. The time and cost for this segment include time and cost for customs clearance and inspection procedures conducted by other government agencies.;World Bank, Doing Business project (http://www.doingbusiness.org/). NOTE: Doing Business has been discontinued as of 9/16/2021. For more information: https://bit.ly/3CLCbme;Unweighted average;Insurance cost and informal payments for which no receipt is issued are excluded from the costs recorded. Costs are reported in U.S. dollars. Contributors are asked to convert local currency into U.S. dollars based on the exchange rate prevailing on the day they answer the questionnaire. Contributors are private sector experts in international trade logistics and are informed about exchange rates and their movements. Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 1,385.000 2019 | yearly | 2014 - 2019 |
View Bahamas's BS: Import: Cost: Border Compliance from 2014 to 2019 in the chart:
BS: Import: Cost: Documentary Compliance
BS: Import: Cost: Documentary Compliance data was reported at 550.000 USD in 2019. This stayed constant from the previous number of 550.000 USD for 2018. BS: Import: Cost: Documentary Compliance data is updated yearly, averaging 550.000 USD from Dec 2014 (Median) to 2019, with 6 observations. The data reached an all-time high of 550.000 USD in 2019 and a record low of 550.000 USD in 2019. BS: Import: Cost: Documentary Compliance data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Bahamas – Table BS.World Bank.WDI: Trade Statistics. Documentary compliance captures the time and cost associated with compliance with the documentary requirements of all government agencies of the origin economy, the destination economy and any transit economies. The aim is to measure the total burden of preparing the bundle of documents that will enable completion of the international trade for the product and partner pair assumed in the case study.;World Bank, Doing Business project (http://www.doingbusiness.org/). NOTE: Doing Business has been discontinued as of 9/16/2021. For more information: https://bit.ly/3CLCbme;Unweighted average;Insurance cost and informal payments for which no receipt is issued are excluded from the costs recorded. Costs are reported in U.S. dollars. Contributors are asked to convert local currency into U.S. dollars based on the exchange rate prevailing on the day they answer the questionnaire. Contributors are private sector experts in international trade logistics and are informed about exchange rates and their movements. Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 550.000 2019 | yearly | 2014 - 2019 |
View Bahamas's BS: Import: Cost: Documentary Compliance from 2014 to 2019 in the chart:
Bahamas BS: Imports: Lead Time
BS: Imports: Lead Time data was reported at 13.000 Day in 2014. This stayed constant from the previous number of 13.000 Day for 2013. BS: Imports: Lead Time data is updated yearly, averaging 13.000 Day from Dec 2007 (Median) to 2014, with 8 observations. The data reached an all-time high of 13.000 Day in 2014 and a record low of 13.000 Day in 2014. BS: Imports: Lead Time data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Bahamas – Table BS.World Bank.WDI: Trade Statistics. Time to import is the time necessary to comply with all procedures required to import goods. Time is recorded in calendar days. The time calculation for a procedure starts from the moment it is initiated and runs until it is completed. If a procedure can be accelerated for an additional cost, the fastest legal procedure is chosen. It is assumed that neither the exporter nor the importer wastes time and that each commits to completing each remaining procedure without delay. Procedures that can be completed in parallel are measured as simultaneous. The waiting time between procedures--for example, during unloading of the cargo--is included in the measure.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 13.000 2014 | yearly | 2007 - 2014 |
View Bahamas's Bahamas BS: Imports: Lead Time from 2007 to 2014 in the chart:
BS: Imports: Lead Time: Border Compliance
BS: Imports: Lead Time: Border Compliance data was reported at 51.000 Hour in 2019. This stayed constant from the previous number of 51.000 Hour for 2018. BS: Imports: Lead Time: Border Compliance data is updated yearly, averaging 51.000 Hour from Dec 2014 (Median) to 2019, with 6 observations. The data reached an all-time high of 99.000 Hour in 2014 and a record low of 51.000 Hour in 2019. BS: Imports: Lead Time: Border Compliance data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Bahamas – Table BS.World Bank.WDI: Trade Statistics. Border compliance captures the time and cost associated with compliance with the economy’s customs regulations and with regulations relating to other inspections that are mandatory in order for the shipment to cross the economy’s border, as well as the time and cost for handling that takes place at its port or border. The time and cost for this segment include time and cost for customs clearance and inspection procedures conducted by other government agencies.;World Bank, Doing Business project (http://www.doingbusiness.org/). NOTE: Doing Business has been discontinued as of 9/16/2021. For more information: https://bit.ly/3CLCbme;Unweighted average;Time is measured in hours, and 1 day is 24 hours (for example, 22 days are recorded as 22 × 24 = 528 hours). If customs clearance takes 7.5 hours, the data are recorded as is. Alternatively, suppose that documents are submitted to a customs agency at 8:00 a.m., are processed overnight and can be picked up at 8:00 a.m. the next day. In this case the time for customs clearance would be recorded as 24 hours because the actual procedure took 24 hours. Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 51.000 2019 | yearly | 2014 - 2019 |
View Bahamas's BS: Imports: Lead Time: Border Compliance from 2014 to 2019 in the chart:
BS: Imports: Lead Time: Documentary Compliance
BS: Imports: Lead Time: Documentary Compliance data was reported at 6.000 Hour in 2019. This stayed constant from the previous number of 6.000 Hour for 2018. BS: Imports: Lead Time: Documentary Compliance data is updated yearly, averaging 6.000 Hour from Dec 2014 (Median) to 2019, with 6 observations. The data reached an all-time high of 54.000 Hour in 2014 and a record low of 6.000 Hour in 2019. BS: Imports: Lead Time: Documentary Compliance data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Bahamas – Table BS.World Bank.WDI: Trade Statistics. Documentary compliance captures the time and cost associated with compliance with the documentary requirements of all government agencies of the origin economy, the destination economy and any transit economies. The aim is to measure the total burden of preparing the bundle of documents that will enable completion of the international trade for the product and partner pair assumed in the case study.;World Bank, Doing Business project (http://www.doingbusiness.org/). NOTE: Doing Business has been discontinued as of 9/16/2021. For more information: https://bit.ly/3CLCbme;Unweighted average;Time is measured in hours, and 1 day is 24 hours (for example, 22 days are recorded as 22 × 24 = 528 hours). If customs clearance takes 7.5 hours, the data are recorded as is. Alternatively, suppose that documents are submitted to a customs agency at 8:00 a.m., are processed overnight and can be picked up at 8:00 a.m. the next day. In this case the time for customs clearance would be recorded as 24 hours because the actual procedure took 24 hours. Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 6.000 2019 | yearly | 2014 - 2019 |
View Bahamas's BS: Imports: Lead Time: Documentary Compliance from 2014 to 2019 in the chart:
BS: Imports: Lead Time: Median Case
BS: Imports: Lead Time: Median Case data was reported at 2.000 Day in 2014. This records a decrease from the previous number of 3.000 Day for 2012. BS: Imports: Lead Time: Median Case data is updated yearly, averaging 2.500 Day from Dec 2012 (Median) to 2014, with 2 observations. The data reached an all-time high of 3.000 Day in 2012 and a record low of 2.000 Day in 2014. BS: Imports: Lead Time: Median Case data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Bahamas – Table BS.World Bank.WDI: Trade Statistics. Lead time to import is the median time (the value for 50 percent of shipments) from port of discharge to arrival at the consignee. Data are from the Logistics Performance Index survey. Respondents provided separate values for the best case (10 percent of shipments) and the median case (50 percent of shipments). The data are exponentiated averages of the logarithm of single value responses and of midpoint values of range responses for the median case.;World Bank and Turku School of Economics, Logistic Performance Index Surveys. Data are available online at : http://www.worldbank.org/lpi. Summary results are published in Arvis and others' Connecting to Compete: Trade Logistics in the Global Economy, The Logistics Performance Index and Its Indicators report.;Unweighted average;
| Last | Frequency | Range |
|---|---|---|
| 2.000 2014 | yearly | 2012 - 2014 |
View Bahamas's BS: Imports: Lead Time: Median Case from 2012 to 2014 in the chart:
Bahamas BS: Imports: Number of Documents
BS: Imports: Number of Documents data was reported at 5.000 Number in 2014. This stayed constant from the previous number of 5.000 Number for 2013. BS: Imports: Number of Documents data is updated yearly, averaging 5.000 Number from Dec 2007 (Median) to 2014, with 8 observations. The data reached an all-time high of 5.000 Number in 2014 and a record low of 5.000 Number in 2014. BS: Imports: Number of Documents data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Bahamas – Table BS.World Bank.WDI: Trade Statistics. All documents required per shipment to import goods are recorded. It is assumed that the contract has already been agreed upon and signed by both parties. Documents required for clearance by government ministries, customs authorities, port and container terminal authorities, health and technical control agencies and banks are taken into account. Since payment is by letter of credit, all documents required by banks for the issuance or securing of a letter of credit are also taken into account. Documents that are renewed annually and that do not require renewal per shipment (for example, an annual tax clearance certificate) are not included.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 5.000 2014 | yearly | 2007 - 2014 |