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Bermuda Trade Summary

2013

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 2013

Overall Exports and Imports for Bermuda 2013

Exports and imports of Bermuda in 2013 are below, along with number of countries and products

  • The total value of exports (FoB) was 22 million.
  • The total value of imports (CIF) was 995 million.
  • At the HS6 digit level, 386 products were exported to 19 countries and 3,377 products were imported from 159 countries.

Bermuda top 5 Export and Import partners 2013

Top five countries to which Bermuda exported in 2013 are below, along with the percent of total exports that went to that country:

  1. Bermuda exports to United Kingdom worth US$ 15 million, with a partner share of 68.06 percent.
  2. Bermuda exports to United States worth US$ 6 million, with a partner share of 29.18 percent.
  3. Bermuda exports to Unspecified worth US$ 0 million, with a partner share of 0.92 percent.
  4. Bermuda exports to Canada worth US$ 0 million, with a partner share of 0.65 percent.
  5. Bermuda exports to Georgia worth US$ 0 million, with a partner share of 0.61 percent.

Top five countries from which Bermuda imported goods in 2013 are below, along with percent of total imports that came from the country :

  1. Bermuda imports from United States worth US$ 684 million, with a partner share of 68.82 percent.
  2. Bermuda imports from Canada worth US$ 122 million, with a partner share of 12.22 percent.
  3. Bermuda imports from Bahamas, The worth US$ 62 million, with a partner share of 6.20 percent.
  4. Bermuda imports from United Kingdom worth US$ 34 million, with a partner share of 3.43 percent.
  5. Bermuda imports from China worth US$ 11 million, with a partner share of 1.14 percent.

Bermuda Top 5 Productsexports imports at HS 6 digit level 2013

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

  1. Bermuda exported String musical instruments nes , worth US$ 10,001.87 million.
  2. Bermuda exported Strings, musical instrument , worth US$ 2,600.00 million.
  3. Bermuda exported Parts of balloons, dirigibles, and spacecraft n , worth US$ 1,791.67 million.
  4. Bermuda exported Transmission apparatus, for radioteleph incorpo , worth US$ 1,627.36 million.
  5. Bermuda exported Generators and alternators , worth US$ 517.03 million.

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$ 153,937.66 million.
  2. Bermuda imported New stamps; stamp-impressed paper; banknotes; c , worth US$ 82,505.15 million.
  3. Bermuda imported Other medicaments of mixed or unmixed products, , worth US$ 21,768.43 million.
  4. Bermuda imported Other bread, etc, nes; communion wafers, rice p , worth US$ 10,017.67 million.
  5. Bermuda imported Automobiles with reciprocating piston engine di , worth US$ 9,274.03 million.

Exports and Imports of Product Groups 2013

Exports and imports of products by stages of processing in 2013 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2013

Tariffs imposed by Bermuda in 2013 are below

  • The maximum rate of tariff in percentage on any product was 1,141.15 percent.
  • The simple average tariff across all products was 18.32 percent.
  • The trade weighted average tariff was 17.23 .
  • The total duty free imports in thousands of US dollars were 112,258.90 and duty free tariff line items share was 5.85 percent.

Development Indicators 2013

Key Development Indicators of Bermuda in 2013 are below

  • Bermuda GDP in current US dollar was 6,466 million.
  • GNI per capita, Atlas method (current US$) was 101,760.00 .
  • Bermuda Trade balance: as % of GDP was 26.96.
  • Trade balance in current US$ was 1,743.00 million.
  • Trade as percentage of GDP was 76.27 .
  • Trade in services as percentage of GDP was 35.17 .

Trade Indicators 2013

Trade Indicators for Bermuda in 2013 are below

  • Hirschman Herfindahl market concentration index was 0.44.
  • Index of export market penetration was 1.27.
  • World Growth in percentage was 1.18 and Bermuda Country Growth was 16.58 .