HS Icon Packaged Medicaments in  Flag Bermuda

2020
Exports | Imports
: $32.4k | $24.8M, World Rnk 178 / 210
Flag Rnk 66 / 399 | World Rnk 166 / 224
Flag Rnk 5 / 1083

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $27.9k | $3.43M, Saudi Arabia |  United States

2020
PRODUCT COMPLEXITY  IN Packaged Medicaments
: 0.6, Rnk 320 / 1029

Exports In 2020, Bermuda exported $32.4k in Packaged Medicaments, making it the 178th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 66th most exported product in Bermuda. The main destination of Packaged Medicaments exports from Bermuda are: Saudi Arabia ($27.9k), United States ($3.1k), United Kingdom ($1k), Canada ($334), and Nigeria ($77).

The fastest growing export markets for Packaged Medicaments of Bermuda between 2019 and 2020 were Saudi Arabia ($27.9k), Nigeria ($77), and Barbados ($18).

Imports In 2020, Bermuda imported $24.8M in Packaged Medicaments, becoming the 166th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 5th most imported product in Bermuda. Bermuda imports Packaged Medicaments primarily from: United Kingdom ($10.1M), United States ($7.98M), Canada ($3.2M), Australia ($1.19M), and Italy ($486k).

The fastest growing import markets in Packaged Medicaments for Bermuda between 2019 and 2020 were United States ($3.43M), Australia ($657k), and United Kingdom ($428k).

Tariffs In 2018, the average tariff for Bermuda in Packaged Medicaments was 1.92%. The countries with the highest import tariffs for Packaged Medicaments were Angola (Most Favoured Nation duty rate treatement, 1.92%), Burundi (Most Favoured Nation duty rate treatement, 1.92%), Benin (Most Favoured Nation duty rate treatement, 1.92%), Burkina Faso (Most Favoured Nation duty rate treatement, 1.92%), and Botswana (Most Favoured Nation duty rate treatement, 1.92%).

Subnational Monthly Trade

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Y-AXIS SCALE

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 Packaged Medicaments. 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): $32.4k

IMPORTS (2020): $24.8M

NET TRADE (2020): -$24.7M

In 2020, Bermuda exported $32.4k in Packaged Medicaments. The main destinations of Bermuda exports on Packaged Medicaments were Saudi Arabia ($27.9k), United States ($3.1k), United Kingdom ($1k), Canada ($334), and Nigeria ($77).

In 2020, Bermuda imported $24.8M in Packaged Medicaments, mainly from United Kingdom ($10.1M), United States ($7.98M), Canada ($3.2M), Australia ($1.19M), and Italy ($486k).

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THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Bermuda WERE (2019 - 2020):

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

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Market Concentration

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In 2020, Bermuda's main exporting competitors in Packaged Medicaments were:

In 2020, Bermuda's main importing competitors in Packaged Medicaments were:

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