Bermuda's major exports encompass a range of products and services, including reinsurance and insurance services, pharmaceuticals, apparel, jewelry, live animals, electrical machinery, optical instruments, medical and surgical instruments, printed books, and musical instruments. These exports highlight Bermuda's economic diversity and its ability to leverage its strengths in the insurance industry, manufacturing sectors, and service-based economies. By nurturing its trade relationships with the United States, Canada, and the United Kingdom, Bermuda aims to sustain its export growth and contribute to its overall economic prosperity.
Reinsurance and Insurance Services
Bermuda's foremost export is reinsurance and insurance services, reflecting its role as a global hub for the insurance industry. The island's favorable regulatory environment and expertise in risk management contribute to its success. However, specific dollar values and volumes for this service-based export are not readily available.
Pharmaceuticals
Bermuda also exports pharmaceutical products, including medications and healthcare supplies. In 2020, pharmaceutical exports were valued at approximately $3 million. The United States, Canada, and the United Kingdom are among the closest trading partners for Bermuda's pharmaceutical exports.
Apparel and Clothing Accessories
Bermuda's textile industry produces and exports a range of apparel and clothing accessories, including shirts, shorts, and accessories. In 2020, apparel exports were valued at around $1.5 million. The United States, Canada, and the United Kingdom serve as Bermuda's closest trading partners for apparel exports.
Jewelry and Precious Metals
Bermuda exports jewelry and precious metals, including gold, silver, and gemstone jewelry. In 2020, jewelry exports were valued at approximately $1.2 million. The United States, Canada, and the United Kingdom are the closest trading partners for Bermuda's jewelry exports.
Live Animals
Bermuda exports live animals, primarily livestock and pets. Specific dollar values and volumes for this category are not readily available. However, the United States and the United Kingdom are among the closest trading partners for Bermuda's live animal exports.
Electrical Machinery and Equipment
Bermuda also exports electrical machinery and equipment, including electronic devices and appliances. In 2020, electrical machinery exports were valued at around $0.6 million. The United States, Canada, and the United Kingdom are the closest trading partners for Bermuda's electrical machinery exports.
Optical Instruments and Photographic Equipment
Bermuda exports optical instruments and photographic equipment, including cameras and lenses. In 2020, exports in this category were valued at approximately $0.5 million. The United States, Canada, and the United Kingdom serve as Bermuda's closest trading partners for optical instruments and photographic equipment.
Medical and Surgical Instruments
Bermuda also exports medical and surgical instruments, including equipment used in healthcare and surgical procedures. In 2020, exports in this category were valued at around $0.4 million. The United States, Canada, and the United Kingdom are the closest trading partners for Bermuda's medical and surgical instrument exports.
Printed Books and Publications
Bermuda exports printed books and publications, including educational materials and literary works. In 2020, exports in this category were valued at approximately $0.3 million. The United States, Canada, and the United Kingdom serve as Bermuda's closest trading partners for printed books and publications.
Musical Instruments
Bermuda exports musical instruments, including guitars, keyboards, and percussion instruments. In 2020, exports in this category were valued at around $0.2 million. The United States, Canada, and the United Kingdom are the closest trading partners for Bermuda's musical instrument exports.
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