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Bermuda Trade Summary

2011

Bermuda exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR BERMUDA 2011

Overall Exports and Imports for Bermuda 2011

Exports and imports of Bermuda in 2011 are below, along with number of countries and products

  • The total value of exports (FoB) was not available.
  • The total value of imports (CIF) was 881 million.
  • At the HS6 digit level, not available products were exported to not available countries and 3,234 products were imported from 149 countries.

Bermuda top 5 Export and Import partners 2011

Top five countries to which Bermuda exported in 2011 are below, along with the percent of total exports that went to that country:

Top five countries from which Bermuda imported goods in 2011 are below, along with percent of total imports that came from the country :

  1. Bermuda imports from United States worth US$ 625 million, with a partner share of 70.97 percent.
  2. Bermuda imports from Canada worth US$ 107 million, with a partner share of 12.19 percent.
  3. Bermuda imports from Venezuela worth US$ 36 million, with a partner share of 4.03 percent.
  4. Bermuda imports from United Kingdom worth US$ 28 million, with a partner share of 3.14 percent.
  5. Bermuda imports from China worth US$ 8 million, with a partner share of 0.92 percent.

Bermuda Top 5 Productsexports imports at HS 6 digit level 2011

The top five exported HS 6 digit level products to world by Bermuda along with trade value are:

The top five imported HS 6 digit level products from world by Bermuda along with trade value are

  1. Bermuda imported Petroleum oils, etc, (excl. crude); preparation , worth US$ 85,639.46 million.
  2. Bermuda imported New stamps; stamp-impressed paper; banknotes; c , worth US$ 76,252.21 million.
  3. Bermuda imported Other medicaments of mixed or unmixed products, , worth US$ 12,658.55 million.
  4. Bermuda imported Furniture, wooden, nes , worth US$ 9,717.74 million.
  5. Bermuda imported Other bread, etc, nes; communion wafers, rice p , worth US$ 8,917.70 million.

Exports and Imports of Product Groups 2011

Exports and imports of products by stages of processing in 2011 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2011

Tariffs imposed by Bermuda in 2011 are below

  • The maximum rate of tariff in percentage on any product was 1,227.81 percent.
  • The simple average tariff across all products was 18.92 percent.
  • The trade weighted average tariff was 17.06 .
  • The total duty free imports in thousands of US dollars were 103,934.42 and duty free tariff line items share was 6.15 percent.

Development Indicators 2011

Key Development Indicators of Bermuda in 2011 are below

  • Bermuda GDP in current US dollar was 6,313 million.
  • GNI per capita, Atlas method (current US$) was 101,610.00 .
  • Bermuda Trade balance: as % of GDP was 28.81.
  • Trade balance in current US$ was 1,819.00 million.
  • Trade as percentage of GDP was 76.27 .
  • Trade in services as percentage of GDP was 37.30 .

Trade Indicators 2011

Trade Indicators for Bermuda in 2011 are below

  • Hirschman Herfindahl market concentration index was 0.32.
  • Index of export market penetration was 1.32.
  • World Growth in percentage was 9.25 and Bermuda Country Growth was -8.58 .