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Bahamas Top Import
Empowering The Bahamas CARICOMs Role in Electrical Equipment Supply
Electrical Machinery and Equipment
Overview
In 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 Sources
The primary supplier for these electrical goods is the United States, contributing to 84% of The Bahamas' total imports. Other notable suppliers include China and Japan, which provide various electrical components and equipment.
Opportunities for CARICOM Suppliers
CARICOM member states, such as Trinidad and Tobago and Jamaica, have burgeoning manufacturing sectors that could be leveraged to produce and supply electrical machinery and equipment. By investing in the production of standardized electrical components, these countries can tap into The Bahamas' demand, promoting regional trade and reducing dependency on extra-regional imports.
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