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Exports In 2022, Bermuda exported $2.78k in Scrap Iron, making it the 202nd largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 244th most exported product in Bermuda. The main destination of Scrap Iron exports from Bermuda are: Germany ($1.75k), Portugal ($937), and South Africa ($93).

The fastest growing export markets for Scrap Iron of Bermuda between 2021 and 2022 were Germany ($1.75k).

Imports In 2022, Bermuda imported $38.2k in Scrap Iron, becoming the 148th largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 642nd most imported product in Bermuda. Bermuda imports Scrap Iron primarily from: United States ($38.2k).

The fastest growing import markets in Scrap Iron for Bermuda between 2021 and 2022 were United States ($34k).

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
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 Scrap Iron. 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

Trade Balance

Color
EXPORTS (2022)$2.78k
IMPORTS (2022)$38.2k
NET TRADE (2022)-$35.4k

In 2022, Bermuda exported $2.78k in Scrap Iron. The main destinations of Bermuda exports on Scrap Iron were Germany ($1.75k), Portugal ($937), and South Africa ($93).

In 2022, Bermuda imported $38.2k in Scrap Iron, mainly from United States ($38.2k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Bermuda WERE (2021 - 2022):Germany$1.75k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Bermuda WERE (2021 - 2022):
United States-$18.6k (-100%)
Portugal-$2.35k (-71.5%)
Canada-$1.04k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bermuda's main exporting competitors in Scrap Iron were:
In 2022, Bermuda's main importing competitors in Scrap Iron were:
Turkey $8.77B
India $5.65B
Belgium $2.84B

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Trade Value of Scrap Iron by Exporters

Potential Exports

Potential Exports

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N/A
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Scrap Iron’s highest export potential is N/A. With an export gap of N/A.   Scrap Iron’s highest import potential is N/A with an import gap of N/A.

See methodology.

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