2023
Exports
$80.6MWorld Rnk 41 / 121
Flag Rnk 2 / 330
2023
PRODUCT COMPLEXITY IN Passenger and Cargo Ships
-0.44Rnk 679 / 1025
2023
Imports
$446MWorld Rnk 26 / 183
Flag Rnk 1 / 876

About

Exports In 2023, Bermuda exported $80.6M in Passenger and Cargo Ships, making it the 41st largest exporter of Passenger and Cargo Ships in the world. At the same year, Passenger and Cargo Ships was the 2nd most exported product in Bermuda. The main destination of Passenger and Cargo Ships exports from Bermuda are: Germany ($80.6M).

The fastest growing export markets for Passenger and Cargo Ships of Bermuda between 2022 and 2023 were Germany ($80.6M).

Imports In 2023, Bermuda imported $446M in Passenger and Cargo Ships, becoming the 26th largest importer of Passenger and Cargo Ships in the world. At the same year, Passenger and Cargo Ships was the 1st most imported product in Bermuda. Bermuda imports Passenger and Cargo Ships primarily from: Cyprus ($403M) and Germany ($42.8M).

The fastest growing import markets in Passenger and Cargo Ships for Bermuda between 2022 and 2023 were Cyprus ($403M) and Germany ($38.9M).

Latest Trends

Dec 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 Passenger and Cargo Ships. 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 (2023)$80.6M
IMPORTS (2023)$446M
NET TRADE (2023)-$365M

In 2023, Bermuda exported $80.6M in Passenger and Cargo Ships. The main destinations of Bermuda exports on Passenger and Cargo Ships were Germany ($80.6M).

In 2023, Bermuda imported $446M in Passenger and Cargo Ships, mainly from Cyprus ($403M) and Germany ($42.8M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Passenger and Cargo Ships EXPORT MARKETS FOR Bermuda WERE (2022 - 2023):Germany$80.6M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Passenger and Cargo Ships BY Bermuda WERE (2022 - 2023):Cyprus-$2.63M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Bermuda's main exporting competitors in Passenger and Cargo Ships were:
China $18.1B
Japan $9.72B
Germany $3.54B
In 2023, Bermuda's main importing competitors in Passenger and Cargo Ships were:

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Trade Value of Passenger and Cargo Ships by Exporters

Potential Exports

Potential Exports

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

Passenger and Cargo Ships’s highest export potential is N/A. With an export gap of N/A.   Passenger and Cargo Ships’s highest import potential is N/A with an import gap of N/A.

See methodology.

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