2022
Exports
$114kWorld Rnk 180 / 210
Flag Rnk 65 / 501
falsefalse United States
2022
PRODUCT COMPLEXITY IN Cars
0.9Rnk 207 / 1025
2022
Imports
$25.7MWorld Rnk 170 / 224
Flag Rnk 6 / 1093

About

Exports In 2022, Bermuda exported $114k in Cars, making it the 180th largest exporter of Cars in the world. At the same year, Cars was the 65th most exported product in Bermuda. The main destination of Cars exports from Bermuda are: United States ($102k) and Barbados ($11.6k).

Imports In 2022, Bermuda imported $25.7M in Cars, becoming the 170th largest importer of Cars in the world. At the same year, Cars was the 6th most imported product in Bermuda. Bermuda imports Cars primarily from: India ($6.37M), South Korea ($6.15M), Japan ($3.27M), Germany ($2.02M), and United States ($1.34M).

The fastest growing import markets in Cars for Bermuda between 2021 and 2022 were Indonesia ($571k), Malaysia ($494k), and Turkey ($421k).

Latest Trends

Oct 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 Cars. 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)$114k
IMPORTS (2022)$25.7M
NET TRADE (2022)-$25.6M

In 2022, Bermuda exported $114k in Cars. The main destinations of Bermuda exports on Cars were United States ($102k) and Barbados ($11.6k).

In 2022, Bermuda imported $25.7M in Cars, mainly from India ($6.37M), South Korea ($6.15M), Japan ($3.27M), Germany ($2.02M), and United States ($1.34M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Bermuda WERE (2021 - 2022):
Oman-$84.5k (-100%)
Barbados-$55.2k (-82.6%)
United States-$55k (-35%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bermuda's main exporting competitors in Cars were:
In 2022, Bermuda's main importing competitors in Cars were:

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Trade Value of Cars by Exporters

Potential Exports

Potential Exports

Flow
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N/A
N/AN/A
N/AN/A

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

See methodology.

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