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Bermuda Trade Summary

2017

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 2017

Overall Exports and Imports for Bermuda 2017

Exports and imports of Bermuda in 2017 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 1,078 million.
  • At the HS6 digit level, 539 products were exported to 44 countries and 3,487 products were imported from 165 countries.

Bermuda top 5 Export and Import partners 2017

Top five countries to which Bermuda exported in 2017 are below, along with the percent of total exports that went to that country:

  1. Bermuda exports to United States worth US$ 10 million, with a partner share of 81.18 percent.
  2. Bermuda exports to Canada worth US$ 1 million, with a partner share of 4.87 percent.
  3. Bermuda exports to United Kingdom worth US$ 1 million, with a partner share of 4.36 percent.
  4. Bermuda exports to Norway worth US$ 0 million, with a partner share of 3.80 percent.
  5. Bermuda exports to Italy worth US$ 0 million, with a partner share of 2.50 percent.

Top five countries from which Bermuda imported goods in 2017 are below, along with percent of total imports that came from the country :

  1. Bermuda imports from United States worth US$ 717 million, with a partner share of 66.47 percent.
  2. Bermuda imports from Canada worth US$ 102 million, with a partner share of 9.48 percent.
  3. Bermuda imports from United Kingdom worth US$ 44 million, with a partner share of 4.04 percent.
  4. Bermuda imports from China worth US$ 28 million, with a partner share of 2.55 percent.
  5. Bermuda imports from Bahamas, The worth US$ 19 million, with a partner share of 1.76 percent.

Bermuda Top 5 Productsexports imports at HS 6 digit level 2017

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$ 4,471.82 million.
  2. Bermuda exported Parts of balloons, dirigibles, and spacecraft n , worth US$ 622.65 million.
  3. Bermuda exported Parts and accessories for use with the apparatu , worth US$ 411.67 million.
  4. Bermuda exported Wrist-watches with automatic winding nes , worth US$ 397.57 million.
  5. Bermuda exported Wrist-watches,with automatic winding and with c , worth US$ 378.85 million.

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 US$ 80,656.51 million.
  2. Bermuda imported Petroleum oils, etc, (excl. crude); preparation , worth US$ 75,336.26 million.
  3. Bermuda imported Other medicaments of mixed or unmixed products, , worth US$ 17,024.86 million.
  4. Bermuda imported Wine (not sparkling); grape must with by alcoho , worth US$ 13,021.30 million.
  5. Bermuda imported Other bread, etc, nes; communion wafers, rice p , worth US$ 11,162.16 million.

Exports and Imports of Product Groups 2017

Exports and imports of products by stages of processing in 2017 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2017

Tariffs imposed by Bermuda in 2017 are below

  • The maximum rate of tariff in percentage on any product was 1,403.42 percent.
  • The simple average tariff across all products was 19.90 percent.
  • The trade weighted average tariff was 20.85 .
  • The total duty free imports in thousands of US dollars were 103,110.36 and duty free tariff line items share was 6.74 percent.

Development Indicators 2017

Key Development Indicators of Bermuda in 2017 are below

  • Bermuda GDP in current US dollar was 7,142 million.
  • GNI per capita, Atlas method (current US$) was 112,940.00 .
  • Bermuda Trade balance: as % of GDP was 24.68.
  • Trade balance in current US$ was 1,763.00 million.
  • Trade as percentage of GDP was 72.39 .
  • Trade in services as percentage of GDP was 32.57 .

Trade Indicators 2017

Trade Indicators for Bermuda in 2017 are below

  • Hirschman Herfindahl market concentration index was 0.26.
  • Index of export market penetration was 1.37.
  • World Growth in percentage was 5.56 and Bermuda Country Growth was -38.32 .