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Exports In 2022, Bermuda exported $2.87M in Pharmaceutical products, making it the 125th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 6th most exported product in Bermuda. The main destination of Pharmaceutical products exports from Bermuda are: Canada ($2.76M), United Kingdom ($70.3k), China ($42.9k), Trinidad and Tobago ($480), and Ireland ($124).

The fastest growing export markets for Pharmaceutical products of Bermuda between 2021 and 2022 were Canada ($2.76M), United Kingdom ($60.2k), and China ($41.4k).

Imports In 2022, Bermuda imported $35.3M in Pharmaceutical products, becoming the 167th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 9th most imported product in Bermuda. Bermuda imports Pharmaceutical products primarily from: United Kingdom ($14.8M), United States ($10.6M), Canada ($4.9M), Panama ($2.29M), and Switzerland ($1.04M).

The fastest growing import markets in Pharmaceutical products for Bermuda between 2021 and 2022 were Canada ($1.15M), United States ($1.14M), and Panama ($157k).

Latest Trends

Jul 2024

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 Pharmaceutical 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

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EXPORTS (2022)$2.87M
IMPORTS (2022)$35.3M
NET TRADE (2022)-$32.4M

In 2022, Bermuda exported $2.87M in Pharmaceutical products. The main destinations of Bermuda exports on Pharmaceutical products were Canada ($2.76M), United Kingdom ($70.3k), China ($42.9k), Trinidad and Tobago ($480), and Ireland ($124).

In 2022, Bermuda imported $35.3M in Pharmaceutical products, mainly from United Kingdom ($14.8M), United States ($10.6M), Canada ($4.9M), Panama ($2.29M), and Switzerland ($1.04M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Bermuda WERE (2021 - 2022):
Canada$2.76M (548k%)
United Kingdom$60.2k (598%)
China$41.4k (2.73k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Bermuda WERE (2021 - 2022):
Barbados-$26.2k (-100%)
Angola-$14.1k (-99.7%)
Netherlands-$1.74k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Bermuda's main exporting competitors in Pharmaceutical products were:
In 2022, Bermuda's main importing competitors in Pharmaceutical products were:

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

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

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