2022
Exports
$116kWorld Rnk 171 / 226
Flag Rnk 62 / 501
2022
PRODUCT COMPLEXITY IN Motor vehicles; parts and accessories (8701 to 8705)
1Rnk 170 / 1025
2022
Imports
$3.06MWorld Rnk 186 / 225
Flag Rnk 64 / 1093

About

Exports In 2022, Bermuda exported $116k in Motor vehicles; parts and accessories (8701 to 8705), making it the 171st largest exporter of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 62nd most exported product in Bermuda. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from Bermuda are: Tanzania ($99.4k), Angola ($8.33k), United States ($5.15k), United Kingdom ($1.42k), and Barbados ($1.01k).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of Bermuda between 2021 and 2022 were Tanzania ($74.8k), Angola ($8.33k), and United States ($3.34k).

Imports In 2022, Bermuda imported $3.06M in Motor vehicles; parts and accessories (8701 to 8705), becoming the 186th largest importer of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 64th most imported product in Bermuda. Bermuda imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: United Kingdom ($1.46M), United States ($469k), Japan ($196k), Germany ($189k), and Barbados ($157k).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Bermuda between 2021 and 2022 were United Kingdom ($466k), Japan ($99.5k), and Barbados ($59.1k).

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 Motor vehicles; parts and accessories (8701 to 8705). 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)$116k
IMPORTS (2022)$3.06M
NET TRADE (2022)-$2.95M

In 2022, Bermuda exported $116k in Motor vehicles; parts and accessories (8701 to 8705). The main destinations of Bermuda exports on Motor vehicles; parts and accessories (8701 to 8705) were Tanzania ($99.4k), Angola ($8.33k), United States ($5.15k), United Kingdom ($1.42k), and Barbados ($1.01k).

In 2022, Bermuda imported $3.06M in Motor vehicles; parts and accessories (8701 to 8705), mainly from United Kingdom ($1.46M), United States ($469k), Japan ($196k), Germany ($189k), and Barbados ($157k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Motor vehicles; parts and accessories (8701 to 8705) EXPORT MARKETS FOR Bermuda WERE (2021 - 2022):
Tanzania$74.8k (304%)
Angola$8.33k (1%)
United States$3.34k (185%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor vehicles; parts and accessories (8701 to 8705) BY Bermuda WERE (2021 - 2022):
Jamaica-$3.55k (-96.5%)
South Korea-$1.5k (-100%)
Slovakia-$331 (-53.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bermuda's main exporting competitors in Motor vehicles; parts and accessories (8701 to 8705) were:
In 2022, Bermuda's main importing competitors in Motor vehicles; parts and accessories (8701 to 8705) were:

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Trade Value of Motor vehicles; parts and accessories (8701 to 8705) by Exporters

Potential Exports

Potential Exports

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

Motor vehicles; parts and accessories (8701 to 8705)’s highest export potential is N/A. With an export gap of N/A.   Motor vehicles; parts and accessories (8701 to 8705)’s highest import potential is N/A with an import gap of N/A.

See methodology.

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