HS Icon Hard Liquor in  Flag Bermuda

2020
Exports | Imports
: $3.45M | $6.16M, World Rnk 89 / 190
Flag Rnk 4 / 399 | World Rnk 138 / 225
Flag Rnk 19 / 1083

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $829k | $46.5k, United States |  Barbados

2020
PRODUCT COMPLEXITY  IN Hard Liquor
: -0.54, Rnk 712 / 1029

Exports In 2020, Bermuda exported $3.45M in Hard Liquor, making it the 89th largest exporter of Hard Liquor in the world. At the same year, Hard Liquor was the 4th most exported product in Bermuda. The main destination of Hard Liquor exports from Bermuda are: United States ($2.69M), Canada ($217k), Germany ($98.5k), Australia ($88.7k), and Netherlands ($84.9k).

The fastest growing export markets for Hard Liquor of Bermuda between 2019 and 2020 were United States ($829k), Canada ($76.3k), and Singapore ($36.2k).

Imports In 2020, Bermuda imported $6.16M in Hard Liquor, becoming the 138th largest importer of Hard Liquor in the world. At the same year, Hard Liquor was the 19th most imported product in Bermuda. Bermuda imports Hard Liquor primarily from: Jamaica ($1.77M), United States ($1.62M), United Kingdom ($1.13M), France ($934k), and Netherlands ($146k).

The fastest growing import markets in Hard Liquor for Bermuda between 2019 and 2020 were Barbados ($46.5k), Jamaica ($37.6k), and Italy ($32k).

Tariffs In 2019, the average tariff for Bermuda in Hard Liquor was 110%. The countries with the highest import tariffs for Hard Liquor were Angola (Most Favoured Nation duty rate treatement, 110%), Burundi (Most Favoured Nation duty rate treatement, 110%), Benin (Most Favoured Nation duty rate treatement, 110%), Burkina Faso (Most Favoured Nation duty rate treatement, 110%), and Botswana (Most Favoured Nation duty rate treatement, 110%).

Subnational Monthly Trade

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For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Hard Liquor. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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EXPORTS (2020): $3.45M

IMPORTS (2020): $6.16M

NET TRADE (2020): -$2.71M

In 2020, Bermuda exported $3.45M in Hard Liquor. The main destinations of Bermuda exports on Hard Liquor were United States ($2.69M), Canada ($217k), Germany ($98.5k), Australia ($88.7k), and Netherlands ($84.9k).

In 2020, Bermuda imported $6.16M in Hard Liquor, mainly from Jamaica ($1.77M), United States ($1.62M), United Kingdom ($1.13M), France ($934k), and Netherlands ($146k).

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THE FASTEST GROWING Hard Liquor EXPORT MARKETS FOR Bermuda WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hard Liquor BY Bermuda WERE (2019 - 2020):

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Market Concentration

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In 2020, Bermuda's main exporting competitors in Hard Liquor were:

In 2020, Bermuda's main importing competitors in Hard Liquor were:

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