Handmade articles

Export from Bahamas

The Bahamas is an island country situated in Central America. The country's name comes from the Spanish “baja mar” meaning shallow sea. The Bahamian economy is dependent on trade with the U.S. and most of the tourists that visit the country are from the USA. In addition, 55 % of Bahamian imports come also from the United States. The largest sector in the nation is tourism that accounts for 60 percent of income.

The proximity of the country to major world markets makes it a primary location for the production of items for export. Areas targeted for production for exports comprise agro-products, computers and computer parts, pharmaceuticals, toys, high fashion apparel, data processing goods, etc. It should be noted that there are no controls in The Bahamas exercised over exports. Exported products may be reimported into The Bahamas without payment of customs duty, by providing an appropriate certificate obtained from the Customs Department.

The Bahamas will continue to import a large number of goods to meet consumer demands. This creates great opportunities for international exporters. Top products for export to The Bahamas include data processing equipment, computers and electronic products, hotel and restaurant equipment, auto parts, foodstuff (vegetables and meat products), and baby products.

Would you like to import products or services to the Bahamas? Or are you an exporter interested in the Bahamian market? Export Portal promotes the Bahamian and international businesses to improve the foreign trade. At this export/import platformyou can find selected trading companiesall over the world to ensure that importing in the Bahamas runs smoothly. Find global buyersand explore new markets.

Import to Bahamas

The Bahamas is a beautiful, tropical part of the world where people throught the world choose to spend their vacation. The people of Bahamas are friendly and warm with a unique culture. The country is characterized by a strong and stable economy although the part of earnings are built upon the tourist and banking industries. Recently, new hotels, amazing homes and beautiful resorts have been developed in the Bahamas.

The mainimports for this country include mineral fuels, transport equipment and machinery, chemicals, foodstuffs, and live animals.There are also many people who import cars from the United States to this country. The maintrading partners of the Bahamas are the United States, South Korea, Japan, Italy, Singapore, Venezuela, and Spain respectively.

The Bahamas imports for food productsaccount for $250 million annually, which is close to 80% of all food consumed there. One of the main goals of the Bahamian government is to expand production of agriculture. This reform would lower the amount of Bahamas imports while generating a greater amount of foreign exchange.

Another aspect of Bahamas imports is the services sector. Today, about 110 companies are in operation within the Bahamas that have an affiliation to the US. Of these, the majority are connected in one form or another to banking or tourism. Keep in mind that most of foodstuff consumed in the Bahamas come from the US. Consequently, services and products from the United States are usually favored by the people of the Bahamas in that the culture of both countries is very similar. The same refers to the advertising and marketing efforts.

Want to start importing to the Bahamas? It doesn't matter if you a re an established business, or a start-up, Export Portal is your one stop destination for advertising your company globally. Check out the The Bahamas Trade, Bahamas Exports, Bahamas Imports here. 

Buy Handmade Goods at Great Prices
Export Portal offers an easy way to buy handmade goods, vintage items, art, and supplies or sell handcrafted items to millions of potential customers around the world online. We are here to help you find just what you are looking for. 

Why You Should Buy Handmade Products
Buying handmade articles is similar to buying local produce. These products are much more personal, and you are also supporting the local economy. What can be better than products made by artists and artisans who use their skills and creativity to offer you something that is not mass-produced? Moreover, buying handmade items can even help the environment since most of them are made in people's homes or small studios instead of a large production factory or facility. 

Export Portal's Handmade Marketplace can also help you find the perfect gift for your family and friends. Our website makes it easy to narrow down your search to the type, style, and color of the product you are looking for. We offer jewelry, soaps, carpets, crafts, greeting cards, quilts, and many more valuables. If your friend is a candle lover, make sure to check out our decorative scented candles, wrought iron lanterns, and wall-mounted candle votives. You can also gift your family member our unique handmade jewelry or a mosaic beads necklace. Our marketplace will help you save a lot of gift shopping time for the upcoming holidays.

Sell on Export Portal
Or, if you enjoy creating handmade articles, Export Portal can also become your go-to venue to market your products. We allow our users to customize their stores' storefronts as well as the seller profiles. This will set your website and items apart from the rest, making it easier to attract new customers. 

Export Portal makes your selling and buying experience simple, fast, and easy. Make sure to check out our collection while supplies last!

Customs requirements of Bahamas

Bahamas Customs Department Contacts

Website: http://www.bahamas.gov.bs/ 

Address: Customs House Thompson Blvd. P.O. Box N-155  Nassau N.P. The Bahamas 

Telephone: +12423256550 

Today the Bahamas aims to reduce its dependence on a single sector and to concentrate on foreign trade. The government is actively pursuing a policy of diversification and liberalization. Nevertheless, custom duties remain very high (60% of the national income). There are no significant barriers to trade in the country. In spite of its high custom duties, complex rules and regulations on imports, the country has a liberal trade policy. Thus there are no significant barriers to trade. 

Import Requirements

The Bahamas is a member of the Caribbean Community. Because it is not a signatory to CARIFTA, it does not apply the Common External Tariff for customs duties purposes. The Bahamas aims to reduce its dependence on customs duty and widen its tax base by introducing a consumption-based Value Added Tax on imported goods and services. Customs duties are applied on the CIF value of imported goods and on average is 33% plus a stamp duty of 2% - 7%. Certain items are imported duty-free. The control of imports is exercised by Customs. All permitted goods may be imported without a licence. 

Import Procedure

All importers must hold a valid business license issued them by the Ministry of Finance.

The Ministry of Agriculture must issue an import permit for shipments of: live plants and animals, fruits, vegetables, meat and poultry.

The Ministry of Finance issues permits for the importation of: slot machines, trailers and caravans.

The Ministry of Health issues permits for imports of medicine.

The Customs Department issues permits for imports of essential chemicals and precursor chemicals.

The Commissioner of Police issues permits for importations of fireworks, underwater guns, arms and ammunition. 

Sources:

https://en.santandertrade.com/international-shipments/bahamas/trade-profile 

http://www.gistnet.com/cidb-sample/ar-bs.import.html