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Bermuda Trade Summary

2016

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 2016

Overall Exports and Imports for Bermuda 2016

Exports and imports of Bermuda in 2016 are below, along with number of countries and products

  • The total value of exports (FoB) was 8 million.
  • The total value of imports (CIF) was 971 million.
  • At the HS6 digit level, 423 products were exported to 14 countries and 3,456 products were imported from 159 countries.

Bermuda top 5 Export and Import partners 2016

Top five countries to which Bermuda exported in 2016 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 89.98 percent.
  2. Bermuda exports to United Kingdom worth US$ 0 million, with a partner share of 5.16 percent.
  3. Bermuda exports to Canada worth US$ 0 million, with a partner share of 2.66 percent.
  4. Bermuda exports to Unspecified worth US$ 0 million, with a partner share of 0.89 percent.
  5. Bermuda exports to India worth US$ 0 million, with a partner share of 0.84 percent.

Top five countries from which Bermuda imported goods in 2016 are below, along with percent of total imports that came from the country :

  1. Bermuda imports from United States worth US$ 680 million, with a partner share of 70.00 percent.
  2. Bermuda imports from Canada worth US$ 110 million, with a partner share of 11.30 percent.
  3. Bermuda imports from United Kingdom worth US$ 31 million, with a partner share of 3.23 percent.
  4. Bermuda imports from China worth US$ 24 million, with a partner share of 2.46 percent.
  5. Bermuda imports from Italy worth US$ 10 million, with a partner share of 1.01 percent.

Bermuda Top 5 Productsexports imports at HS 6 digit level 2016

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 4,526.33 (US$ Thousands).
  2. Bermuda exported Surveying,hydrographic,oceanographic,meteorolog , worth 528.92 (US$ Thousands).
  3. Bermuda exported Tools for working in the hand, pneumatic type n , worth 347.71 (US$ Thousands).
  4. Bermuda exported Radio navigational aid apparatus , worth 179.06 (US$ Thousands).
  5. Bermuda exported Spirits from distilled grape wine or marc , worth 175.80 (US$ Thousands).

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

  1. Bermuda imported New stamps; stamp-impressed paper; banknotes; c , worth 83,986.21 (US$ Thousands).
  2. Bermuda imported Petroleum oils, etc, (excl. crude); preparation , worth 79,649.29 (US$ Thousands).
  3. Bermuda imported Other medicaments of mixed or unmixed products, , worth 14,314.52 (US$ Thousands).
  4. Bermuda imported Wine (not sparkling); grape must with by alcoho , worth 11,612.25 (US$ Thousands).
  5. Bermuda imported Other bread, etc, nes; communion wafers, rice p , worth 10,412.38 (US$ Thousands).

Exports and Imports of Product Groups 2016

Exports and imports of products by stages of processing in 2016 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2016

Tariffs imposed by Bermuda in 2016 are below

  • The maximum rate of tariff in percentage on any product was 1,642.84 percent.
  • The simple average tariff across all products was 18.45 percent.
  • The trade weighted average tariff was 18.73 .
  • The total duty free imports in thousands of US dollars were 111,871.23 and duty free tariff line items share was 6.72 percent.

Development Indicators 2016

Key Development Indicators of Bermuda in 2016 are below

  • Bermuda GDP in current US dollar was 6,900 million.
  • GNI per capita, Atlas method (current US$) was 103,620.00 .
  • Bermuda Trade balance: as % of GDP was 25.91.
  • Trade balance in current US$ was 1,788.00 million.
  • Trade as percentage of GDP was 72.75 .
  • Trade in services as percentage of GDP was 32.45 .

Trade Indicators 2016

Trade Indicators for Bermuda in 2016 are below

  • Hirschman Herfindahl market concentration index was 0.39.
  • Index of export market penetration was 1.27.
  • World Growth in percentage was -1.38 and Bermuda Country Growth was -1.46 .