Search results for : export
Exports fall, imports see marginal increase
August 16, 2018
Exports fall, imports see marginal increase
While imports into the country saw a marginal increase during the first quarter of the year, exports decreased on a much larger scale comparatively, according to recently released data contained in the Department of Statistic's Foreign Trade Statistics Quarterly Report. According to first-quarter data collected [...]
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Imports, exports up in 2022, BNSI stats reveal
May 11, 2023
Imports, exports up in 2022, BNSI stats reveal
As historically high inflation took hold of the globe in 2022, new data from the Bahamas National Statistical Institute (BNSI) shows that the value of imports into the country, led by higher valued food and live animal imports, increased more than ten percent last year. The total value of commodities entering The Bahamas amounted to ...
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Exports see nine percent drop in Q4 2022
April 06, 2023
Exports see nine percent drop in Q4 2022
NASSAU, BAHAMAS — Total exports from The Bahamas saw a nine percent decline in the fourth quarter of last year, while imports increased by 16 percent according to the latest quarterly trade data report. According to The Bahamas National Statistical Institute's Foreign trade Quarterly Report for Q4 of 2022, the value of commodities exported (domestic [...]
April 03, 2023
Tourism spend drives $1.2 billion increase in goods and services exports in 2022
NASSAU, BAHAMAS- The Bahamas saw a $1.2 billion increase in its exports of goods and services in 2022 drive in large part by tourism expenditure according to data from The Bahamas National Statistical Institute. The BNSI in its 2022 Advance Estimates of Gross Domestic Product (GDP) noted that economic activity in The Bahamas increased by [...]
February 20, 2023
EXIM bank ready to support more US exports into region
The Export-Import Bank of the United States (EXIM) is ready and willing to support trade between businesses in The Bahamas and US with loans, loan guarantees an insurance products, EXIM's President and Chair Reta Jo Lewis told members of the media on Friday, adding that the bank currently has a $10 million exposure with The ...
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Bahamians urged to export services throughout region
February 15, 2023
Bahamians urged to export services throughout region
There are opportunities for Bahamians to export their knowledge related to hospitality to parts of the Caribbean for "high rates of return", given this country's success in the tourism space, the Caribbean Export Development Agency's (CEDA) Executive Director Deodat Maharaj told Guardian Business yesterday. Maharaj, who is in town for the 44th Regular Meeting of CARICOM (Caribbean ...
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Scrap metal firm sees 500 decline in exports
January 31, 2011
Scrap metal firm sees 500 decline in exports
Construction at the Arawak Cay Port has led to a 500 percent decline in exports of scrap metal at one of the biggest companies in that industry, Guardian Business has learned, with end-of-year changes expected to slash profit margins even further.
According to Everette Strachan of Strachan’s Auto and Bahamas Scrap Metal, the clearing of old jalopies around town will not be as enticing to tho...
November 21, 2022
The Bahamas Signs MOU with the African Export-Import Bank
Prime Minister and Minister of Finance the Hon. Philip Davis said that the signing of a Memorandum of Understanding with the African Export-Import Bank (Afreximbank) marked "an historic moment for The Bahamas, the Caribbean, and the countries of the African continent".
November 17, 2022
Memorandum of Understanding signed with the African Export-Import Bank
A MEMORANDUM of understanding was signed between the government and the African Export-Import Bank, allowing The Bahamas to join other Caribbean states in establishing a partnership with the multilateral trade finance institution.
Govt signs MOU with African Export-Import Bank
November 17, 2022
Govt signs MOU with African Export-Import Bank
The government yesterday signed a memorandum of understanding with the African Export-Import Bank (Afreximbank), which has committed to invest $700 million in the Caribbean. Prime Minister Philip Davis said yesterday the agreement follows a meeting held with executives of the bank while he was in Sharm El-Sheikh, Egypt last week and establishes a promising partnership ...
The post Govt signs MOU w...
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