{"id":8457,"date":"2011-05-11T07:50:07","date_gmt":"2011-05-11T11:50:07","guid":{"rendered":"http:\/\/www.bahamasb2b.com\/news\/?p=8457"},"modified":"2011-05-11T07:53:03","modified_gmt":"2011-05-11T11:53:03","slug":"bahamas-trade-declines","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2011\/05\/bahamas-trade-declines","title":{"rendered":"Recession Forces Bahamas Trade Decline"},"content":{"rendered":"<p>The full impact of the recession on the Bahamian economy has been revealed by this nation&#8217;s 2009 trade date, which showed that exports declined by 16.6 per cent while imports fell by a similar year-over-year percentage, 16.45 per cent.<\/p>\n<p>However, some of the import decline resulted from oil prices dropping from their 2008 peak. Traditionally the biggest component of total imports into the Bahamas, &#8220;mineral fuels&#8221; &#8211; petroleum products such as oil, gasoline and diesel &#8211; fell by over a third, or 34.5 per cent, from 2008 levels.<\/p>\n<p>The figures, provided within the Department of Statistics&#8217; newly released Annual Foreign Trade Statistics Report for 2009, provide a further insight into the severity of the global downturn&#8217;s effects on the Bahamian economy.<\/p>\n<p>In a direct sign of the construction industry slowdown, manufactured goods, which include wood, metal, steel or other construction materials, declined by 11.2 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Exports for the Bahamas declined by 16.6 per cent while imports fell by 16.45 per cent<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[3],"tags":[98,101],"class_list":["post-8457","post","type-post","status-publish","format-standard","hentry","category-business","tag-financial","tag-trade"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/8457","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=8457"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/8457\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=8457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=8457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=8457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}