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Bermuda Trade Summary

2018

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 2018

Overall Exports and Imports for Bermuda 2018

Exports and imports of Bermuda in 2018 are below, along with number of countries and products

  • The total value of exports (FoB) was 23 million.
  • The total value of imports (CIF) was 1,070 million.
  • At the HS6 digit level, 824 products were exported to 32 countries and 3,438 products were imported from 162 countries.

Bermuda top 5 Export and Import partners 2018

Top five countries to which Bermuda exported in 2018 are below, along with the percent of total exports that went to that country:

  1. Bermuda exports to United States worth US$ 14 million, with a partner share of 62.65 percent.
  2. Bermuda exports to Unspecified worth US$ 4 million, with a partner share of 18.44 percent.
  3. Bermuda exports to United Kingdom worth US$ 1 million, with a partner share of 6.15 percent.
  4. Bermuda exports to Canada worth US$ 1 million, with a partner share of 5.17 percent.
  5. Bermuda exports to Switzerland worth US$ 1 million, with a partner share of 4.22 percent.

Top five countries from which Bermuda imported goods in 2018 are below, along with percent of total imports that came from the country :

  1. Bermuda imports from United States worth US$ 742 million, with a partner share of 69.38 percent.
  2. Bermuda imports from Canada worth US$ 97 million, with a partner share of 9.10 percent.
  3. Bermuda imports from United Kingdom worth US$ 37 million, with a partner share of 3.49 percent.
  4. Bermuda imports from Bahamas, The worth US$ 29 million, with a partner share of 2.67 percent.
  5. Bermuda imports from China worth US$ 25 million, with a partner share of 2.38 percent.

Bermuda Top 5 Productsexports imports at HS 6 digit level 2018

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

  1. Bermuda exported New stamps; stamp-impressed paper; banknotes; c , worth US$ 4,215.24 million.
  2. Bermuda exported Rum and tafia , worth US$ 3,084.26 million.
  3. Bermuda exported Surveying,hydrographic,oceanographic,meteorolog , worth US$ 1,216.01 million.
  4. Bermuda exported Sailboats, with or without auxiliary motor , worth US$ 915.61 million.
  5. Bermuda exported Parts of vacuum pumps, compressors, fans, blowe , worth US$ 861.02 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$ 125,771.35 million.
  2. Bermuda imported New stamps; stamp-impressed paper; banknotes; c , worth US$ 75,998.92 million.
  3. Bermuda imported Other medicaments of mixed or unmixed products, , worth US$ 17,467.57 million.
  4. Bermuda imported Television receivers including video monitors a , worth US$ 13,303.81 million.
  5. Bermuda imported Structures and parts of structures,i or s , worth US$ 13,168.36 million.

Exports and Imports of Product Groups 2018

Exports and imports of products by stages of processing in 2018 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2018

Tariffs imposed by Bermuda in 2018 are below

  • The maximum rate of tariff in percentage on any product was 3,000 percent.
  • The simple average tariff across all products was 24.13 percent.
  • The trade weighted average tariff was 27.59 .
  • The total duty free imports in thousands of US dollars were 104,979.47 and duty free tariff line items share was 6.75 percent.

Development Indicators 2018

Key Development Indicators of Bermuda in 2018 are below

  • Bermuda GDP in current US dollar was 7,226 million.
  • GNI per capita, Atlas method (current US$) was 117,000.00 .
  • Bermuda Trade balance: as % of GDP was 25.40.
  • Trade balance in current US$ was 1,836.00 million.
  • Trade as percentage of GDP was 77.56 .
  • Trade in services as percentage of GDP was 36.89 .

Trade Indicators 2018

Trade Indicators for Bermuda in 2018 are below

  • Hirschman Herfindahl market concentration index was 0.20.
  • Index of export market penetration was 1.31.
  • World Growth in percentage was 4.83 and Bermuda Country Growth was 31.20 .