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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. 

Check Out Export Portal: A Site That Lets You Export Live Animals
If you are looking to buy and export animals, then you came to the right place! Export Portal's Live Animals Department is an online marketplace for sellers and buyers of any livestock. We work to contribute to the live export industry, which brings many economic advantages and other benefits to countries that rely heavily on livestock imports. In fact, in just Australia alone, this industry contributes roughly $1.8 billion to the country's GDP each year. Moreover, it also ensures food security while helping people meet their protein needs as well.

Finding the Right Animal
We feature a wide range of pigs, cows, sheep, goats, horses, rabbits and hares, turkeys, bees, and fish for sale. An increasing number of American, Australian, German, South African, Argentinian, and Italian farmers and companies are advertising their livestock with Export Portal, portraying just how effective and helpful our site is.

To help customers make more informed purchasing decisions, our site lets users narrow down their searches by the age, breed, and sex of the animal. If you are feeling hesitant to shop on our site and want more detailed information, make sure to check out our seller ratings and reviews, which are written by our buyers and customers. We also collaborate with hundreds of trusted international shipping companies that arrange the transport of all kinds of animals and birds to any country in the world.

Online Shopping is More Simple with Export Portal
Export Portal is an ideal site for everyone who is an avid online shopper. Our convenient options make it easy to find and buy whatever you are looking for. Our seller network from all over the world has everything you need, and our customer support team will make sure you can find it. Our wide assortment of products will be sure to provide you with the best shopping experience. Make sure to check out our site and items today!

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