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Bermuda Trade Summary

2012

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 2012

Overall Exports and Imports for Bermuda 2012

Exports and imports of Bermuda in 2012 are below, along with number of countries and products

  • The total value of exports (FoB) was 10 million.
  • The total value of imports (CIF) was 867 million.
  • At the HS6 digit level, 333 products were exported to 16 countries and 3,351 products were imported from 154 countries.

Bermuda top 5 Export and Import partners 2012

Top five countries to which Bermuda exported in 2012 are below, along with the percent of total exports that went to that country:

  1. Bermuda exports to United States worth US$ 5 million, with a partner share of 55.38 percent.
  2. Bermuda exports to Unspecified worth US$ 3 million, with a partner share of 30.66 percent.
  3. Bermuda exports to United Kingdom worth US$ 1 million, with a partner share of 7.33 percent.
  4. Bermuda exports to Switzerland worth US$ 0 million, with a partner share of 2.45 percent.
  5. Bermuda exports to France worth US$ 0 million, with a partner share of 1.80 percent.

Top five countries from which Bermuda imported goods in 2012 are below, along with percent of total imports that came from the country :

  1. Bermuda imports from United States worth US$ 601 million, with a partner share of 69.34 percent.
  2. Bermuda imports from Canada worth US$ 96 million, with a partner share of 11.09 percent.
  3. Bermuda imports from United Kingdom worth US$ 32 million, with a partner share of 3.67 percent.
  4. Bermuda imports from Venezuela worth US$ 29 million, with a partner share of 3.38 percent.
  5. Bermuda imports from Barbados worth US$ 17 million, with a partner share of 1.96 percent.

Bermuda Top 5 Productsexports imports at HS 6 digit level 2012

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

  1. Bermuda exported Universal AC/DC motors of an output exceeding 3 , worth 1,430.33 (US$ Thousands).
  2. Bermuda exported Musical instruments nes, sound generated or amp , worth 1,343.91 (US$ Thousands).
  3. Bermuda exported Rum and tafia , worth 794.03 (US$ Thousands).
  4. Bermuda exported Petroleum oils, etc, (excl. crude); preparation , worth 608.26 (US$ Thousands).
  5. Bermuda exported Articles of precious metal or of metal clad wit , worth 468.63 (US$ Thousands).

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 78,684.24 (US$ Thousands).
  2. Bermuda imported New stamps; stamp-impressed paper; banknotes; c , worth 71,754.24 (US$ Thousands).
  3. Bermuda imported Other medicaments of mixed or unmixed products, , worth 20,561.51 (US$ Thousands).
  4. Bermuda imported Telegraphic apparatus, nes , worth 10,836.10 (US$ Thousands).
  5. Bermuda imported Wine (not sparkling); grape must with by alcoho , worth 9,579.81 (US$ Thousands).

Exports and Imports of Product Groups 2012

Exports and imports of products by stages of processing in 2012 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2012

Tariffs imposed by Bermuda in 2012 are below

  • The maximum rate of tariff in percentage on any product was 1,181.26 percent.
  • The simple average tariff across all products was 18.40 percent.
  • The trade weighted average tariff was 17.44 .
  • The total duty free imports in thousands of US dollars were 106,497.43 and duty free tariff line items share was 6.39 percent.

Development Indicators 2012

Key Development Indicators of Bermuda in 2012 are below

  • Bermuda GDP in current US dollar was 6,378 million.
  • GNI per capita, Atlas method (current US$) was 100,100.00 .
  • Bermuda Trade balance: as % of GDP was 27.24.
  • Trade balance in current US$ was 1,738.00 million.
  • Trade as percentage of GDP was 73.78 .
  • Trade in services as percentage of GDP was 35.86 .

Trade Indicators 2012

Trade Indicators for Bermuda in 2012 are below

  • Hirschman Herfindahl market concentration index was 0.22.
  • Index of export market penetration was 1.29.
  • World Growth in percentage was 0.17 and Bermuda Country Growth was -31.66 .