Flag Canada / Bermuda Flag

2019
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Exports
: $105M, Rnk 76 / 214

2019
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Top Product
: $62.7M, Postage Stamps

2019
Flag β†’ Flag
Exports
: $1.7M, Rnk 11 / 82

2019
Flag β†’ Flag
Top Product
: $681k, Delivery Trucks

2019
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Economic Complexity (ECI)
: ECI 1.06, Rnk 30 / 157

2019
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GDP
: $1.74T, CURRENT US$
Rnk 10 / 187

2009-2019
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GDP GROWTH
: 26.6%, CURRENT US$
Rnk 134 / 187

2019
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 GDP
: $7.48B, CURRENT US$
Rnk 147 / 187

2009-2019
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GDP GROWTH
: 12.4%, CURRENT US$
Rnk 159 / 187

2019
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GDP PC 
: $46,195, CURRENT US$
Rnk 20 / 187

2009-2019
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GDP PC GROWTH
: 13.3%, CURRENT US$
Rnk 132 / 187

2019
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GDP PC 
: $117,089, CURRENT US$
Rnk 1 / 187

2009-2019
Flag
GDP PC GROWTH
: 15.5%, CURRENT US$
Rnk 127 / 187

Canada-Bermuda: In 2019, Canada exported $105M to Bermuda. The main products that Canada exported to Bermuda are Postage Stamps ($62.7M), Revenue Stamps ($6.41M), and Other Furniture ($3.26M). During the last 24 years the exports of Canada to Bermuda have increased at an annualized rate of 3.84%, from $42.6M in 1995 to $105M in 2019.

In 2017, Canada exported services to Bermuda worth $61M, with Travel ($61M) being the largest in terms of value.

Bermuda-Canada: In 2019, Bermuda exported $1.7M to Canada . The main products that Bermuda exported to Canada were Delivery Trucks ($681k), Large Construction Vehicles ($474k), and Hard Liquor ($141k). During the last 24 years the exports of Bermuda to Canada have decreased at an annualized rate of 2.23%, from $2.91M in 1995 to $1.7M in 2019.

In 2019, Bermuda did not exported services to Canada.

Comparison: In 2019,  Canada ranked 30 in the Economic Complexity Index (ECI 1.06),  and 11 in total exports ($431B). That same year, Bermuda ranked 165 in total exports ($574M), and does not have data regarding Economic Complexity Index.

Bilateral Trade by Products

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Depth
Value

In 2019, Canada exported $105M to Bermuda. The main products exported from Canada to Bermuda were Postage Stamps ($62.7M), Revenue Stamps ($6.41M), and Other Furniture ($3.26M). During the last 24 years the exports of Canada to Bermuda have increased at an annualized rate of 3.84%, from $42.6M in 1995 to $105M in 2019.

In 2019, Bermuda exported $1.7M to Canada. The main products exported from Bermuda to Canada were Delivery Trucks ($681k), Large Construction Vehicles ($474k), and Hard Liquor ($141k). During the last 24 years the exports of Bermuda to Canada have decreased at an annualized rate of 2.23%, from $2.91M in 1995 to $1.7M in 2019.

Market Competitiveness

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Measure

Canada
Top Destination
: United States, $314B

Bermuda
Top Destination
: Ireland, $436M

This map shows whether countries import more from Canada or Bermuda. Each country is colored based on the difference in imports they receive from Canada and Bermuda or the difference in the growth in imports.

In 2019, countries that imported more from Canada than Bermuda were United States ($314B), China ($18.5B), and United Kingdom ($13.8B).

In 2019, no countries were registered that imported more from Bermuda than from Canada.

Comparative Advantage Canada - Bermuda

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Depth

This chart compares trade between Canada and Bermuda by product, considering products traded by both, Canada and Bermuda.

During 2019, Canada had a large net trade with Bermuda in the exports of Paper Goods ($63.4M), Metals ($7.14M), and Arts and Antiques ($6.46M).

During 2019, Bermuda had a large net trade with Canada in the exports of Transportation ($684k), Machines ($563k), and Foodstuffs ($165k).

Tariff Section

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This section shows import tariffs for products traded between Canada and Bermuda (using the HS6 product classification and the last year reported).

In 2018, the products from Canada that paid the highest import tariffs to enter Bermuda were Dairy produce: fats and oils derived from milk (other than butter or dairy spreads) (314%) and Dairy produce: derived from milk, butter (299%).

In 2018, the products from Bermuda that paid the highest import tariffs to enter Canada were Other Vehicles Including Gas Turbine Powered (75%) and Motor vehicle chassis fitted with engine (75%).

Explore Tariff Data

*The tariffs present between Canada and Bermuda are:
108: Caribbean Canada Trade Agreement (CARIBCAN) (Canada - Anguilla, Antigua and Barbuda, Bahamas, Bermuda, Barbados, Belize, British Virgin Islands, Cayman Islands, Dominica, Grenada, Guyana, Jamaica, Mon
136: Most Favoured Nation duty rate treatement

Bilateral Service Trade

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In 2017, Canada exported services to Bermuda worth $61M, with Travel ($61M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Canada has comparative advantage over Bermuda. Similarly, the more red a dot/product is, the more Bermuda has comparative advantage over Canada.