2022
Flag  
GDP
$7.55BCURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP GROWTH
18.4%CURRENT US$
Rnk 124 / 186
2022
Flag
 GDP
$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH
17%CURRENT US$
Rnk 129 / 186
2022
Flag
GDP PC 
$118,846CURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP PC GROWTH
20.7%CURRENT US$
Rnk 85 / 186
2022
Flag
GDP PC
$54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH
4.36%CURRENT US$
Rnk 130 / 186

About

Bermuda-Canada In 2022, Bermuda exported $4.18M to Canada. The main products that Bermuda exported to Canada are Vaccines, blood, antisera, toxins and cultures ($2.76M), Other Hand Tools ($306k), and Stone Processing Machines ($274k). During the last 27 years the exports of Bermuda to Canada have increased at an annualized rate of 1.35%, from $2.91M in 1995 to $4.18M in 2022.

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

Canada-Bermuda 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). During the last 27 years the exports of Canada to Bermuda have increased at an annualized rate of 2.22%, from $42.6M in 1995 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 0.85), and 9 in total exports ($587B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 27 years the exports of Bermuda to Canada have increased at an annualized rate of 1.35%, from $2.91M in 1995 to $4.18M in 2022.

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 27 years the exports of Canada to Bermuda have increased at an annualized rate of 2.22%, from $42.6M in 1995 to $77.2M in 2022.

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

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

Latest Data

Trade between Bermuda (Flag) and Canada (Flag)

Bermuda Exports

Canada Exports

Market Competitiveness

Color
Bermuda
Top Destination
N/AN/A
Canada
Top Destination
N/AN/A

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

N/A

N/A

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

Comparative Advantage Bermuda - Canada

Flow
Scale

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

During 2022, Bermuda had a large net trade with Canada in the exports of Chemical Products ($2.78M), Machines ($599k), and Metals ($328k).

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).

Service Trade

Bilateral Service Trade

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.

Service trade data is presented based on availability.

Services Exports from Canada (Flag) to Bermuda (Flag) (2020)

Economic Complexity

Competitive Landscape

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

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

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