# Bermuda Export Playbook for Latin America and Caribbean

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> Yugalinks regional export playbook

Compare buyer markets, access conditions, and calculated product opportunities in Latin America and Caribbean. Use this guide to prioritize research, not to treat calculated indicators as guaranteed sales.

## Navigation

- [Yugalinks home](https://www.yugalinks.com/)
- [Trade data](https://www.yugalinks.com/trade/)
- [Open country workspace](https://www.yugalinks.com/app/countries)
- [Data sources](https://www.yugalinks.com/data-sources)
- [Methodology](https://www.yugalinks.com/methodology)

## Overview

- Exporter: Bermuda (BMU)
- Region: Latin America and Caribbean
- Latest trade year: 2024
- Buyer markets: 3
- Calculated three-year opportunity: $5.6B
- Reported FTA markets: 0
- Average reported distance: 3,715 km
- Average business entry indicator: 17 days

## Market comparison

| Market | ISO3 | Opportunity | Products | FTA | Distance | Entry days | Top product |
| --- | --- | ---: | ---: | --- | ---: | ---: | --- |
| Brazil | BRA | $3.7B | 7 | Not reported | 6,507 km | 17 | Oils: petroleum oils and oils obtained from bituminous minerals, crude |
| Bahamas | BHS | $1.3B | 1 | Not reported | 1,462 km | 12 | Product not reported |
| Costa Rica | CRI | $567.1M | 2 | Not reported | 3,177 km | 23 | Telephones for cellular networks or for other wireless networks |

## Product and market opportunities

| Rank | Market | Product | Opportunity | Buyer growth | Current share |
| ---: | --- | --- | ---: | ---: | ---: |
| 1 | Brazil (BRA) | HS 270900 - Oils: petroleum oils and oils obtained from bituminous minerals, crude | $2.1B | +3.9% | +0.6% |
| 2 | Bahamas (BHS) | HS 271019 - Product description unavailable | $1.3B | +8.6% | +0.0% |
| 3 | Brazil (BRA) | HS 854239 - Electronic integrated circuits: n.e.c. in heading no. 8542 | $471.6M | +6.1% | +0.0% |
| 4 | Costa Rica (CRI) | HS 851712 - Telephones for cellular networks or for other wireless networks | $323.4M | +20.0% | +0.0% |
| 5 | Brazil (BRA) | HS 220421 - Wine: still, in containers holding 2 litres or less | $251.6M | +7.8% | +0.0% |
| 6 | Brazil (BRA) | HS 848310 - Transmission shafts (including cam shafts and crank shafts) and cranks | $244.1M | +9.1% | +0.0% |
| 7 | Costa Rica (CRI) | HS 392690 - Plastics: other articles n.e.s. in chapter 39 | $243.6M | +13.4% | +0.0% |
| 8 | Brazil (BRA) | HS 854442 - Insulated electric conductors: for a voltage not exceeding 1000 volts, fitted with connectors | $210.8M | +7.7% | +0.0% |
| 9 | Brazil (BRA) | HS 853690 - Electrical apparatus: n.e.s. in heading no. 8536, for switching or protecting electrical circuits, for a voltage not exceeding 1000 volts | $210.5M | +7.5% | +0.0% |
| 10 | Brazil (BRA) | HS 844399 - Printing machinery: parts and accessories, n.e.c. in item no. 8443.91 | $208.9M | +3.5% | +0.0% |

## Sector opportunities

| Sector | Products | Reported buyer imports | Opportunity | Average growth |
| --- | ---: | ---: | ---: | ---: |
| HS2 27 - HS2 sector 27 | 1 | $8.3B | $2.1B | +3.9% |
| HS2 00 - HS2 sector 00 | 1 | $1.7B | $1.3B | +8.6% |
| HS2 85 - HS2 sector 85 | 4 | $2.5B | $1.2B | +10.3% |
| HS2 84 - HS2 sector 84 | 2 | $1.1B | $453.0M | +6.3% |
| HS2 22 - HS2 sector 22 | 1 | $485.6M | $251.6M | +7.8% |
| HS2 39 - HS2 sector 39 | 1 | $256.1M | $243.6M | +13.4% |

## Frequently asked questions

### Should Bermuda focus on Latin America and Caribbean?

Use the market ranking as a starting point, then check product fit, buyer requirements, route costs, tariffs, standards, and competitive conditions.

### What does calculated opportunity mean?

It is a screening indicator built from demand and exporter-position signals. It is not a confirmed order, sales forecast, or guarantee of market entry.

### How should exporters use this page?

Prioritize one market and product combination, then validate buyers, compliance, logistics, pricing, and continuity before making a commercial decision.

## Method

Reported trade observations and calculated indicators are shown separately. Validate buyers, tariffs, standards, logistics, pricing, and competition before acting.

Yugalinks presents derived views for research and planning. [Read the full methodology](https://www.yugalinks.com/methodology).

## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-30). [OECD Data Explorer](https://data-explorer.oecd.org/) - [OECD Terms & Conditions](https://www.oecd.org/termsandconditions/)
- CEPII BACI bilateral trade flows (202601): [dataset page](https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37) - [BACI documentation](https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html) - [Etalab 2.0 Open Licence](https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf)

This page presents derived Yugalinks views of reported observations and calculated indicators.