Bermuda / Canada

Bermuda-Canada Trade: In 2022, Bermuda exported $4.18M to Canada. The main products that Bermuda exported to Canada were Vaccines, blood, antisera, toxins and cultures ($2.76M), Other Hand Tools ($306k), and Stone Processing Machines ($274k). Over the past 5 years the exports of Bermuda to Canada have increased at an annualized rate of 18.3%, from $1.8M in 2017 to $4.18M in 2022.

In 2022, Bermuda did not export any services to Canada.

Canada-Bermuda Trade: In 2022, Canada exported $77.2M to Bermuda. The main products that Canada exported to Bermuda were Refined Petroleum ($47.9M), Packaged Medicaments ($4.49M), and Other Furniture ($2.46M). Over the past 5 years the exports of Canada to Bermuda have increased at an annualized rate of 11.2%,  from $45.5M in 2017 to $77.2M in 2022.

In 2020, Canada exported services to Bermuda worth $797M, with Insurance services ($640M), Construction services ($73.1M), and Travel ($30.6M) being the largest in terms of value.

Comparison In 2022,  Bermuda ranked 199 in total exports ($68.1M), and does not have data regarding Economic Complexity Index. That same year, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).