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Bermuda Trade Summary

2014

Bermuda exports, imports, tariff by year.
Bermuda monthly trade data
Bermuda quarterly trade data

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


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TRADE SUMMARY FOR BERMUDA 2014

Overall Exports and Imports for Bermuda 2014

Exports and imports of Bermuda in 2014 are below, along with number of countries and products

  • The total value of exports (FoB) was 12 million.
  • The total value of imports (CIF) was 961 million.
  • At the HS6 digit level, 415 products were exported to 22 countries and 3,344 products were imported from 162 countries.

Bermuda top 5 Export and Import partners 2014

Top five countries to which Bermuda exported in 2014 are below, along with the percent of total exports that went to that country:

  1. Bermuda exports to United States worth US$ 9 million, with a partner share of 78.91 percent.
  2. Bermuda exports to Unspecified worth US$ 1 million, with a partner share of 11.75 percent.
  3. Bermuda exports to United Kingdom worth US$ 1 million, with a partner share of 5.57 percent.
  4. Bermuda exports to Canada worth US$ 0 million, with a partner share of 1.14 percent.
  5. Bermuda exports to Germany worth US$ 0 million, with a partner share of 1.13 percent.

Top five countries from which Bermuda imported goods in 2014 are below, along with percent of total imports that came from the country :

  1. Bermuda imports from United States worth US$ 690 million, with a partner share of 71.80 percent.
  2. Bermuda imports from Canada worth US$ 125 million, with a partner share of 12.96 percent.
  3. Bermuda imports from United Kingdom worth US$ 31 million, with a partner share of 3.27 percent.
  4. Bermuda imports from China worth US$ 16 million, with a partner share of 1.66 percent.
  5. Bermuda imports from Italy worth US$ 8 million, with a partner share of 0.87 percent.

Bermuda Top 5 Productsexports imports at HS 6 digit level 2014

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

  1. Bermuda exported Rum and tafia , worth US$ 2,164.86 million.
  2. Bermuda exported Coll & coll pce of zoo,bot,mineral,hist,anatom, , worth US$ 1,321.40 million.
  3. Bermuda exported Transmission apparatus, for radioteleph incorpo , worth US$ 779.94 million.
  4. Bermuda exported Sails of synthetic fibres , worth US$ 604.30 million.
  5. Bermuda exported Generators and alternators , worth US$ 578.45 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$ 149,038.21 million.
  2. Bermuda imported New stamps; stamp-impressed paper; banknotes; c , worth US$ 65,275.95 million.
  3. Bermuda imported Other medicaments of mixed or unmixed products, , worth US$ 18,478.19 million.
  4. Bermuda imported Wine (not sparkling); grape must with by alcoho , worth US$ 11,416.87 million.
  5. Bermuda imported Automobiles with reciprocating piston engine di , worth US$ 9,968.26 million.

Exports and Imports of Product Groups 2014

Exports and imports of products by stages of processing in 2014 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2014

Tariffs imposed by Bermuda in 2014 are below

  • The maximum rate of tariff in percentage on any product was 1,318.08 percent.
  • The simple average tariff across all products was 18.15 percent.
  • The trade weighted average tariff was 15.28 .
  • The total duty free imports in thousands of US dollars were 119,589.87 and duty free tariff line items share was 7.32 percent.

Development Indicators 2014

Key Development Indicators of Bermuda in 2014 are below

  • Bermuda GDP in current US dollar was 6,414 million.
  • GNI per capita, Atlas method (current US$) was 99,920.00 .
  • Bermuda Trade balance: as % of GDP was 25.81.
  • Trade balance in current US$ was 1,655.00 million.
  • Trade as percentage of GDP was 76.52 .
  • Trade in services as percentage of GDP was 36.14 .

Trade Indicators 2014

Trade Indicators for Bermuda in 2014 are below

  • Hirschman Herfindahl market concentration index was 0.26.
  • Index of export market penetration was 1.31.
  • World Growth in percentage was 0.23 and Bermuda Country Growth was -55.12 .