This article covers trade between India and The Bahamas, the goods traded, the agreements relevant to trade and business, and business-related visits. It is based on the MEA bilateral brief of June 2026 and its annexed trade table. The brief does not give figures for investment in either direction.

Trade overview

According to the MEA brief of June 2026, bilateral trade between India and The Bahamas has seen significant fluctuation. The brief attributes this to several factors, including the distance constraint, the small market size of The Bahamas and poor connectivity both by air and sea.

The highest recorded total trade was US$ 2.8 billion in 2012-13. According to the annexed table, trade was as low as US$ 11.58 million in 2021-22. It stood at USD 127.18 million in 2023-24 and fell to US$ 17.55 million in 2024-25.

Annual trade figures

The annexed table, dated as on 19 June 2026, gives the following figures for years running from April to March, in US$ millions. The source is the Ministry of Commerce Export Import Data bank.

  • 2010-11: India's exports 2,173.18, India's imports 4.50, total 2177.68
  • 2011-12: exports 2,243.52, imports 3.54, total 2247.06
  • 2012-13: exports 2,669.86, imports 102.28, total 2772.14
  • 2013-14: exports 228.03, imports 494.21, total 722.24
  • 2014-15: exports 123.50, imports 0.67, total 124.17
  • 2015-16: exports 11.96, imports 77.23, total 89.19
  • 2016-17: exports 5.93, imports 258.82, total 264.75
  • 2017-18: exports 8.07, imports 40.26, total 48.33
  • 2018-19: exports 6.06, imports 39.21, total 45.27
  • 2019-20: exports 60.48, imports 14.70, total 75.18
  • 2020-21: exports 4.56, imports 35.84, total 40.40
  • 2021-22: exports 3.52, imports 8.06, total 11.58
  • 2022-23: exports 12.76, imports 3.68, total 16.44
  • 2023-24: exports 106.34, imports 20.84, total 127.18
  • 2024-25: exports 11.47, imports 6.08, total 17.55
  • 2025-26: exports 16.38, imports 7.42, total 23.80

The brief's text rounds the 2012-13 total to US$ 2.8 billion; the table gives it in millions.

Goods traded

India's major exports to The Bahamas are listed as vehicles, railway stock, pharma, textiles and yarn, and apparels. Major imports include mineral fuels, oil products, bituminous substances and electrical machinery.

The brief does not give the value of trade in individual goods.

On trade policy more broadly, the brief states that The Bahamas' position is largely in sync with India's position in various trade developments and other global issues.

Agreements relevant to business

India signed the Bilateral Tax Information Exchange Agreement (TIEA) with The Bahamas on 11 February 2011, and it has since entered into force. The brief's list of agreements records it as the Agreement for Exchange of Information with respect to taxes, February 2011.

During the visit of The Bahamas Minister of Foreign Affairs and Public Service Frederick Mitchell to India in January 2006, an Agreement on the establishment of a Joint Business Council between FICCI and The Bahamas Chamber of Commerce was signed, together with an Agreement on bilateral co-operation between the two governments.

Minister of Foreign Affairs and Immigration Mr. Frederick Mitchell visited India from 22-30 April 2016, leading a large delegation of 22 members that comprised both private and public sector representatives.

Honourable Alfred Sears, MP, Minister of Immigration and National Insurance, led The Bahamas delegation to the 10th CII-Latin America Conclave, held in New Delhi on 19-20 March 2025.

Mr. Kingsley Smith, Parliamentary Secretary in the Ministry of Energy and Transport, led a delegation to Sagarmanthan: The Great Oceans Dialogue, held in Mumbai from 27-29 October 2025, at the invitation of the organisers.

Trade was also among the subjects discussed during the visit of Minister of State Shri Pabitra Margherita to The Bahamas in March 2025, which is described in the relations article.

Regional economic proposals

The Bahamas, as a member of CARICOM, benefits from proposals India has made to CARICOM countries, including a UPI Digital Payment system and assistance for small and medium enterprises. These are described in the development article of this guide.