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2022
Exports $2.5kWorld Rnk 136 / 148
Flag Rnk 255 / 501
2022
Destination $1.68k United States
2021 - 2022
FASTEST GROWING MARKET $1.68kUnited States
2022
PRODUCT COMPLEXITY IN Butter0.015Rnk 543 / 1025
2022
Imports $862kWorld Rnk 147 / 220
Flag Rnk 185 / 1093
2022
Origin $156k New Zealand
2021 - 2022
FASTEST GROWING ORIGIN $156kNew Zealand

About

Exports In 2022, Bermuda exported $2.5k in Butter, making it the 136th largest exporter of Butter in the world. At the same year, Butter was the 255th most exported product in Bermuda. The main destination of Butter exports from Bermuda are: United States ($2.19k) and United Kingdom ($308).

The fastest growing export markets for Butter of Bermuda between 2021 and 2022 were United States ($1.68k) and United Kingdom ($308).

Imports In 2022, Bermuda imported $862k in Butter, becoming the 147th largest importer of Butter in the world. At the same year, Butter was the 185th most imported product in Bermuda. Bermuda imports Butter primarily from: New Zealand ($505k), United States ($247k), Ireland ($93k), United Kingdom ($16k), and Brazil ($857).

The fastest growing import markets in Butter for Bermuda between 2021 and 2022 were New Zealand ($156k), United States ($129k), and Ireland ($39.3k).

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 Butter. 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)$2.5k
IMPORTS (2022)$862k
NET TRADE (2022)-$859k

In 2022, Bermuda exported $2.5k in Butter. The main destinations of Bermuda exports on Butter were United States ($2.19k) and United Kingdom ($308).

In 2022, Bermuda imported $862k in Butter, mainly from New Zealand ($505k), United States ($247k), Ireland ($93k), United Kingdom ($16k), and Brazil ($857).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Butter EXPORT MARKETS FOR Bermuda WERE (2021 - 2022):
United States$1.68k (330%)
United Kingdom$308 (1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bermuda's main exporting competitors in Butter were:
New Zealand $2.78B
Netherlands $2.03B
Ireland $1.46B
In 2022, Bermuda's main importing competitors in Butter were:
France $1.53B
Netherlands $1.04B
Germany $987M

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Trade Value of Butter by Exporters

Potential Exports

Potential Exports

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

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

See methodology.

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