Business
Trade Up More Than 40%, Signs of Recovery
NASSAU, BAHAMAS – Merchant trade shot up 43 percent in fourth quarter of 2021, according to The Bahamas National Statistical Institute’s Foreign Trade Statistics Quarterly Report, released Wednesday.
NASSAU, BAHAMAS – Merchant trade shot up 43 percent in fourth quarter of 2021, according to The Bahamas National Statistical Institute’s Foreign Trade Statistics Quarterly Report, released Wednesday.
The value of commodities that entered The Bahamas during that period totaled $925 million.
The increase in imports coincides with the ramping up of the tourism sector, which saw strong gains in 2021, compared to 2020 when the tourism industry was hampered by travel restrictions and emergency lockdown orders.
The report says the major groups of merchandise, were ‘mineral fuels lubricants and related materials’ which totaled $200 million, ‘food and live animals’ at $161 million and ‘machinery and transport equipment’ which totaled $139 million.
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