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Exports In 2022, Bermuda exported $76k in Wood Products, making it the 184th largest exporter of Wood Products in the world. At the same year, Wood Products was the 17th most exported product in Bermuda. The main destination of Wood Products exports from Bermuda are: United States ($52.1k), Chile ($17.8k), United Kingdom ($2.6k), Jamaica ($1.94k), and Tanzania ($914).

The fastest growing export markets for Wood Products of Bermuda between 2021 and 2022 were United States ($50.7k), Chile ($17.8k), and United Kingdom ($1.26k).

Imports In 2022, Bermuda imported $11.4M in Wood Products, becoming the 166th largest importer of Wood Products in the world. At the same year, Wood Products was the 15th most imported product in Bermuda. Bermuda imports Wood Products primarily from: United States ($8.65M), Canada ($1.68M), United Kingdom ($349k), Brazil ($306k), and Netherlands ($154k).

The fastest growing import markets in Wood Products for Bermuda between 2021 and 2022 were United States ($941k), Brazil ($85.7k), and Netherlands ($83.1k).

COMPANIES In 2023, leading companies such as Celebrity Cruises (1) were at the forefront of shipping Wood Products from Bermuda to the United States.

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 Wood Products. 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)$76k
IMPORTS (2022)$11.4M
NET TRADE (2022)-$11.3M

In 2022, Bermuda exported $76k in Wood Products. The main destinations of Bermuda exports on Wood Products were United States ($52.1k), Chile ($17.8k), United Kingdom ($2.6k), Jamaica ($1.94k), and Tanzania ($914).

In 2022, Bermuda imported $11.4M in Wood Products, mainly from United States ($8.65M), Canada ($1.68M), United Kingdom ($349k), Brazil ($306k), and Netherlands ($154k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Products EXPORT MARKETS FOR Bermuda WERE (2021 - 2022):
United States$50.7k (3.68k%)
Chile$17.8k (1%)
United Kingdom$1.26k (93.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Products BY Bermuda WERE (2021 - 2022):
Costa Rica-$1.32k (-100%)
Jamaica-$1.32k (-40.5%)
France-$671 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bermuda's main exporting competitors in Wood Products were:
China $20.4B
Canada $20.1B
In 2022, Bermuda's main importing competitors in Wood Products were:

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Trade Value of Wood Products by Exporters

Potential Exports

Potential Exports

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

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