2022
Exports
$398kWorld Rnk 156 / 226
Flag Rnk 13 / 79
2022
PRODUCT COMPLEXITY IN Rubber & articles thereof
0.93Rnk 199 / 1025
2022
Imports
$4.74MWorld Rnk 184 / 226
Flag Rnk 39 / 96

About

Exports In 2022, Bermuda exported $398k in Rubber & articles thereof, making it the 156th largest exporter of Rubber & articles thereof in the world. At the same year, Rubber & articles thereof was the 13th most exported product in Bermuda. The main destination of Rubber & articles thereof exports from Bermuda are: Angola ($186k), Tanzania ($88.4k), Germany ($48.8k), United States ($39.6k), and Spain ($19.5k).

The fastest growing export markets for Rubber & articles thereof of Bermuda between 2021 and 2022 were Angola ($167k), Germany ($47.5k), and United States ($38.4k).

Imports In 2022, Bermuda imported $4.74M in Rubber & articles thereof, becoming the 184th largest importer of Rubber & articles thereof in the world. At the same year, Rubber & articles thereof was the 39th most imported product in Bermuda. Bermuda imports Rubber & articles thereof primarily from: United States ($3.08M), China ($393k), United Kingdom ($170k), Thailand ($170k), and Norway ($135k).

The fastest growing import markets in Rubber & articles thereof for Bermuda between 2021 and 2022 were China ($224k), Norway ($115k), and Thailand ($95k).

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

Latest Trends

Jul 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 Rubber & articles thereof. 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)$398k
IMPORTS (2022)$4.74M
NET TRADE (2022)-$4.34M

In 2022, Bermuda exported $398k in Rubber & articles thereof. The main destinations of Bermuda exports on Rubber & articles thereof were Angola ($186k), Tanzania ($88.4k), Germany ($48.8k), United States ($39.6k), and Spain ($19.5k).

In 2022, Bermuda imported $4.74M in Rubber & articles thereof, mainly from United States ($3.08M), China ($393k), United Kingdom ($170k), Thailand ($170k), and Norway ($135k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber & articles thereof EXPORT MARKETS FOR Bermuda WERE (2021 - 2022):
Angola$167k (919%)
Germany$47.5k (3.85k%)
United States$38.4k (3.33k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber & articles thereof BY Bermuda WERE (2021 - 2022):
Tanzania-$100k (-53.2%)
Dominican Republic-$2.28k (-100%)
United Kingdom-$587 (-98%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bermuda's main exporting competitors in Rubber & articles thereof were:
China $33.5B
Germany $17.1B
In 2022, Bermuda's main importing competitors in Rubber & articles thereof were:

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Trade Value of Rubber & articles thereof by Exporters

Potential Exports

Potential Exports

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Rubber & articles thereof’s highest export potential is N/A. With an export gap of N/A.   Rubber & articles thereof’s highest import potential is N/A with an import gap of N/A.

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