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Bermuda Trade Summary

2015

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


Products

TRADE SUMMARY FOR BERMUDA 2015

Overall Exports and Imports for Bermuda 2015

Exports and imports of Bermuda in 2015 are below, along with number of countries and products

  • The total value of exports (FoB) was 9 million.
  • The total value of imports (CIF) was 929 million.
  • At the HS6 digit level, 431 products were exported to 24 countries and 3,419 products were imported from 169 countries.

Bermuda top 5 Export and Import partners 2015

Top five countries to which Bermuda exported in 2015 are below, along with the percent of total exports that went to that country:

  1. Bermuda exports to United States worth US$ 7 million, with a partner share of 80.79 percent.
  2. Bermuda exports to United Kingdom worth US$ 1 million, with a partner share of 12.06 percent.
  3. Bermuda exports to Switzerland worth US$ 0 million, with a partner share of 3.07 percent.
  4. Bermuda exports to Canada worth US$ 0 million, with a partner share of 1.99 percent.
  5. Bermuda exports to Denmark worth US$ 0 million, with a partner share of 0.83 percent.

Top five countries from which Bermuda imported goods in 2015 are below, along with percent of total imports that came from the country :

  1. Bermuda imports from United States worth US$ 610 million, with a partner share of 65.65 percent.
  2. Bermuda imports from Canada worth US$ 137 million, with a partner share of 14.74 percent.
  3. Bermuda imports from United Kingdom worth US$ 37 million, with a partner share of 3.94 percent.
  4. Bermuda imports from China worth US$ 25 million, with a partner share of 2.66 percent.
  5. Bermuda imports from Bahamas, The worth US$ 14 million, with a partner share of 1.49 percent.

Bermuda Top 5 Productsexports imports at HS 6 digit level 2015

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$ 3,099.93 million.
  2. Bermuda exported Seats nes, other than those of heading No 94.02 , worth US$ 1,055.86 million.
  3. Bermuda exported Wrist-watches, battery powered and with case of , worth US$ 230.53 million.
  4. Bermuda exported Surveying,hydrographic,oceanographic,meteorolog , worth US$ 226.99 million.
  5. Bermuda exported Input or output units, whether or not presented , worth US$ 185.09 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$ 89,501.66 million.
  2. Bermuda imported New stamps; stamp-impressed paper; banknotes; c , worth US$ 80,530.71 million.
  3. Bermuda imported Other medicaments of mixed or unmixed products, , worth US$ 16,036.38 million.
  4. Bermuda imported Wine (not sparkling); grape must with by alcoho , worth US$ 11,346.54 million.
  5. Bermuda imported Other bread, etc, nes; communion wafers, rice p , worth US$ 9,613.90 million.

Exports and Imports of Product Groups 2015

Exports and imports of products by stages of processing in 2015 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2015

Tariffs imposed by Bermuda in 2015 are below

  • The maximum rate of tariff in percentage on any product was 1,449.54 percent.
  • The simple average tariff across all products was 18.70 percent.
  • The trade weighted average tariff was 18.67 .
  • The total duty free imports in thousands of US dollars were 104,695.72 and duty free tariff line items share was 6.88 percent.

Development Indicators 2015

Key Development Indicators of Bermuda in 2015 are below

  • Bermuda GDP in current US dollar was 6,655 million.
  • GNI per capita, Atlas method (current US$) was 101,120.00 .
  • Bermuda Trade balance: as % of GDP was 26.65.
  • Trade balance in current US$ was 1,773.00 million.
  • Trade as percentage of GDP was 73.30 .
  • Trade in services as percentage of GDP was 31.96 .

Trade Indicators 2015

Trade Indicators for Bermuda in 2015 are below

  • Hirschman Herfindahl market concentration index was 0.38.
  • Index of export market penetration was 1.31.
  • World Growth in percentage was -6.30 and Bermuda Country Growth was 137.46 .