HS Icon Recreational Boats in  Flag Bermuda

2020
Exports | Imports
: $200M | $397M, World Rnk 18 / 162
Flag Rnk 1 / 399 | World Rnk 12 / 221
Flag Rnk 2 / 1083

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $200M | $186M, Netherlands |  Seychelles

2020
PRODUCT COMPLEXITY  IN Recreational Boats
: 0.11, Rnk 512 / 1029

Exports In 2020, Bermuda exported $200M in Recreational Boats, making it the 18th largest exporter of Recreational Boats in the world. At the same year, Recreational Boats was the 1st most exported product in Bermuda. The main destination of Recreational Boats exports from Bermuda are: Netherlands ($200M) and United States ($30k).

The fastest growing export markets for Recreational Boats of Bermuda between 2019 and 2020 were Netherlands ($200M).

Imports In 2020, Bermuda imported $397M in Recreational Boats, becoming the 12th largest importer of Recreational Boats in the world. At the same year, Recreational Boats was the 2nd most imported product in Bermuda. Bermuda imports Recreational Boats primarily from: Netherlands ($204M), Seychelles ($186M), United States ($5.38M), Mexico ($618k), and Spain ($344k).

The fastest growing import markets in Recreational Boats for Bermuda between 2019 and 2020 were Seychelles ($186M), Netherlands ($164M), and United States ($2.45M).

Tariffs In 2018, the average tariff for Bermuda in Recreational Boats was 25%. The countries with the highest import tariffs for Recreational Boats were Angola (Most Favoured Nation duty rate treatement, 25%), Burundi (Most Favoured Nation duty rate treatement, 25%), Benin (Most Favoured Nation duty rate treatement, 25%), Burkina Faso (Most Favoured Nation duty rate treatement, 25%), and Botswana (Most Favoured Nation duty rate treatement, 25%).

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 Recreational Boats. 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): $200M

IMPORTS (2020): $397M

NET TRADE (2020): -$197M

In 2020, Bermuda exported $200M in Recreational Boats. The main destinations of Bermuda exports on Recreational Boats were Netherlands ($200M) and United States ($30k).

In 2020, Bermuda imported $397M in Recreational Boats, mainly from Netherlands ($204M), Seychelles ($186M), United States ($5.38M), Mexico ($618k), and Spain ($344k).

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THE FASTEST GROWING Recreational Boats EXPORT MARKETS FOR Bermuda WERE (2019 - 2020):: Netherlands, $200M (1%)

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

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Market Concentration

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In 2020, Bermuda's main exporting competitors in Recreational Boats were:

In 2020, Bermuda's main importing competitors in Recreational Boats were:

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