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Electrical Machinery and EquipmentOverviewIn 2023, The Bahamas imported approximately $259 million worth of electrical machinery and equipment, accounting for about 6.2% of its total imports. This category encompasses a wide range of products, including electrical transformers, circuit breakers, switchboards, and other essential components for power distribution and industrial applications.Current Import SourcesThe primary supplier for these electrical goods is the United States, contributing t...
Read moreIntroductionThe Bahamas, a nation with a dynamic economy driven by tourism and services, has seen a significant uptick in its importation of machinery and transport equipment. In 2023, this category accounted for approximately $875 million, representing 21% of the country's total imports . This growing demand presents a strategic opportunity for CARICOM (Caribbean Community) member states to enhance regional trade by supplying these essential goods.ewnews.com+1bahamaslocal.com+1The Bahamas' Impo...
Read moreIntroductionThe Bahamas, an archipelagic nation with a thriving tourism sector, heavily relies on imported mineral fuels to power its economy. In 2023, mineral fuels, oils, and distillation products topped the list of imports, amounting to approximately $627.49 million . This dependency presents a strategic opportunity for CARICOM (Caribbean Community) member states to bolster regional trade by supplying these essential energy resources.The Bahamas' Energy Import LandscapeThe Bahamas' energy nee...
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