Passenger and Cargo Ships in Bermuda

EXPORTS (2016): $265M, World Rnk 24 / 119
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TOP DESTINATION (2016): $248M, Germany

FASTEST GROWING MARKET (2015 - 2016): $248M, Germany

IMPORTS (2018): $426M, World Rnk 28 / 159
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TOP ORIGIN (2018): $417M, South Korea

FASTEST GROWING ORIGIN (2017 - 2018): $9M, Russia

PRODUCT COMPLEXITY  IN Passenger and Cargo Ships (2018): -0.36, Rnk 654 / 1018

Overview: This page contains the latest trade data of Passenger and Cargo Ships in Bermuda.

Exports: In 2016, Bermuda exported $265M in Passenger and Cargo Ships, making it the 24th largest exporter of Passenger and Cargo Ships in the world. At the same year, Passenger and Cargo Ships was the 1st most exported product in Bermuda. The main destination of Passenger and Cargo Ships exports from Bermuda are: Germany ($248M) and Norway ($17.2M).

The fastest growing export markets for Passenger and Cargo Ships of Bermuda between 2015 and 2016 were Germany ($248M) and Norway ($17.2M).

Imports: In 2018, Bermuda imported $426M in Passenger and Cargo Ships, becoming the 28th largest importer of Passenger and Cargo Ships in the world. At the same year, Passenger and Cargo Ships was the 1st most imported product in Bermuda. Bermuda imports Passenger and Cargo Ships primarily from: South Korea ($417M), Russia ($9M), and United States ($82.4k).

The fastest growing import markets in Passenger and Cargo Ships for Bermuda between 2017 and 2018 were Russia ($9M) and United States ($82.4k).

Tariffs: In 2018, the average tariff for Bermuda in Passenger and Cargo Ships was 35%. The countries with the highest import tariffs for Passenger and Cargo Ships were Angola (35%), Burundi (35%), Benin (35%), Burkina Faso (35%), and Botswana (35%).

Value

EXPORTS (2016): $265M

IMPORTS (2018): $426M

NET TRADE (2018): -$426M

In 2016, Bermuda exported $265M in Passenger and Cargo Ships. The main destinations of Bermuda exports on Passenger and Cargo Ships were Germany ($248M) and Norway ($17.2M).

In 2018, Bermuda imported $426M in Passenger and Cargo Ships, mainly from South Korea ($417M), Russia ($9M), and United States ($82.4k).

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IN 2016, Bermuda HAD A POSITIVE NET TRADE IN Passenger and Cargo Ships WITH:

  • Germany, $248M ($248M - $0)
  • Norway, $17.2M ($17.2M - $0)

IN 2018, Bermuda HAD A NEGATIVE NET TRADE IN Passenger and Cargo Ships WITH:

  • South Korea, -$417M ($0 - $417M)
  • Russia, -$9M ($0 - $9M)
  • United States, -$82.4k ($0 - $82.4k)
Flow

THE FASTEST GROWING Passenger and Cargo Ships EXPORT MARKETS FOR Bermuda WERE (2015 - 2016):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Passenger and Cargo Ships BY Bermuda WERE (2015 - 2016):: Turkey, -$3.73M (-100%)

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Market Concentration

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Flow
Type

In 2018, Bermuda's main exporting competitors in Passenger and Cargo Ships were:

In 2018, Bermuda's main importing competitors in Passenger and Cargo Ships were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Passenger and Cargo Ships in Bermuda. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2018, the average tariff for Bermuda in Passenger and Cargo Ships was 35%.

The countries with the highest tariffs for Passenger and Cargo Ships in Bermuda were Angola (35%), Burundi (35%), Benin (35%), Burkina Faso (35%), and Botswana (35%).

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