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Pricing

2022
Flag → Flag
Exports $77.2MRnk 91 / 215
2022
Flag → Flag
Top Product $47.9MRefined Petroleum
2022
Flag → Flag
Exports $4.18MRnk 6 / 89
2022
Flag → Flag
Top Product $2.76MVaccines, blood, antisera, toxins and cultures
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag  
GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
Flag
 GDP$7.55BCURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP GROWTH18.4%CURRENT US$
Rnk 124 / 186
2022
Flag
GDP PC $54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186
2022
Flag
GDP PC$118,846CURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP PC GROWTH20.7%CURRENT US$
Rnk 85 / 186

About

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.

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.

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

Latest Trends

July, 2024

About

Overview In July 2024, Canada exported C$2.41M and imported C$47.6k from Bermuda, resulting in a positive trade balance of C$2.36M. Between July 2023 and July 2024 the exports of Canada have decreased by C$-7.67M (-76.1%) from C$10.1M to C$2.41M, while imports increased by C$41.6k (695%) from C$5.99k to C$47.6k.

Trade In July 2024, the top exports of Canada to Bermuda were Refined Petroleum (C$14.9M), Other Furniture (C$382k), Railway Cargo Containers (C$367k), Motorcycles and cycles (C$286k), and Other Heating Machinery (C$256k). In July 2024 the top imports of Canada from Bermuda were Hard Liquor (C$15.7k), Perfumes (C$4.16k), Orthopedic Appliances (C$832), Beauty Products (C$516), and Soap (C$246).

Origins In July 2024 the exports of Canada were mainly from Ontario (C$1.81M), Quebec (C$378k), New Brunswick (C$79.6k), Nova Scotia (C$50.6k), and Manitoba (C$40.6k), while imports destinations were mainly Ontario (C$23.7k), Nova Scotia (C$22.5k), Quebec (C$1.39k), and Manitoba (C$5).

Growth In July 2024, the decrease in Canada's year-by-year exports to Bermuda was explained primarily by an decrease in product exports in Iron Structures (C$-623k or -93%), Other Wood Articles (C$-89k or -49.8%), and Medical Instruments (C$-76.5k or -35%). In July 2024, the increase in Canada's year-by-year imports  from Bermuda was explained primarily by an increase in product imports  in Hard Liquor (C$12.6k or 407%), Perfumes (C$2.05k or 97.7%), and Orthopedic Appliances (C$826 or 13.8k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)C$-7.67M(-76.1%)
IMPORT GROWTH (July 2023 - July 2024)C$41.6k(695%)
MAIN EXPORTER (July 2024)OntarioC$1.81M

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Bermuda and Canada trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $77.2M to Bermuda. The main products exported from Canada to Bermuda were Refined Petroleum ($47.9M), Packaged Medicaments ($4.49M), and Other Furniture ($2.46M). During the last 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 2017, Bermuda exported $4.18M to Canada. The main products exported from Bermuda to Canada were Vaccines, blood, antisera, toxins and cultures ($2.76M), Other Hand Tools ($306k), and Stone Processing Machines ($274k). During the last 5 years the exports of Bermuda to Canada have increased at an annualized rate of 18.3%, from $1.8M in 2022 to $4.18M in 2017.

Exports from Canada (Flag) to Bermuda (Flag) (2022)

Exports from Bermuda (Flag) to Canada (Flag) (2022)

Market Competitiveness

Color
Canada
Top DestinationN/AN/A
Bermuda
Top DestinationN/AN/A

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.

N/A

N/A

Difference in imports from Bermuda (Flag) and Canada (Flag) (2022)

Comparative Advantage Canada - Bermuda

Flow
Scale

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

During 2022, Canada had a large net trade with Bermuda in the exports of Mineral Products ($48.4M), Chemical Products ($5.88M), and Machines ($4.53M).

During 2017, Bermuda had a large net trade with Canada in the exports of Chemical Products ($2.78M), Machines ($599k), and Metals ($328k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Canada and Bermuda. This means that a dot/product with the flag of Canada indicates it has a comparative advantage over Bermuda. Similarly, a dot/product with the flag of Bermuda indicates it has a comparative advantage over Canada.

Product Space of Canada (Flag) and Bermuda (Flag) (2022)

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