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Bermuda Trade Summary

2019

Bermuda exports, imports, tariff by year.

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 2019

Overall Exports and Imports for Bermuda 2019

Exports and imports of Bermuda in 2019 are below, along with number of countries and products

  • The total value of exports (FoB) was 27 million.
  • The total value of imports (CIF) was 1,118 million.
  • At the HS6 digit level, 677 products were exported to 39 countries and 3,394 products were imported from 177 countries.

Bermuda top 5 Export and Import partners 2019

Top five countries to which Bermuda exported in 2019 are below, along with the percent of total exports that went to that country:

  1. Bermuda exports to United States worth US$ 21 million, with a partner share of 78.30 percent.
  2. Bermuda exports to Denmark worth US$ 2 million, with a partner share of 6.95 percent.
  3. Bermuda exports to Canada worth US$ 1 million, with a partner share of 5.31 percent.
  4. Bermuda exports to United Kingdom worth US$ 1 million, with a partner share of 4.04 percent.
  5. Bermuda exports to Antigua and Barbuda worth US$ 1 million, with a partner share of 2.38 percent.

Top five countries from which Bermuda imported goods in 2019 are below, along with percent of total imports that came from the country :

  1. Bermuda imports from United States worth US$ 795 million, with a partner share of 71.12 percent.
  2. Bermuda imports from Canada worth US$ 98 million, with a partner share of 8.74 percent.
  3. Bermuda imports from United Kingdom worth US$ 42 million, with a partner share of 3.78 percent.
  4. Bermuda imports from Denmark worth US$ 35 million, with a partner share of 3.17 percent.
  5. Bermuda imports from China worth US$ 25 million, with a partner share of 2.24 percent.

Bermuda Top 5 Productsexports imports at HS 6 digit level 2019

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

  1. Bermuda exported Special purpose motor vehicles nes , worth 9,870.84 (US$ Thousands).
  2. Bermuda exported Rum and tafia , worth 3,014.68 (US$ Thousands).
  3. Bermuda exported Trailers nes for the transport of goods , worth 1,839.74 (US$ Thousands).
  4. Bermuda exported Tarpaulins, awnings and sunblinds, of other tex , worth 888.98 (US$ Thousands).
  5. Bermuda exported Aircraft parts nes , worth 842.12 (US$ Thousands).

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 97,593.22 (US$ Thousands).
  2. Bermuda imported New stamps; stamp-impressed paper; banknotes; c , worth 79,876.70 (US$ Thousands).
  3. Bermuda imported Parts of electric motors,generators,generating , worth 50,476.20 (US$ Thousands).
  4. Bermuda imported Collages and similar decorative plaques , worth 21,563.16 (US$ Thousands).
  5. Bermuda imported Other medicaments of mixed or unmixed products, , worth 19,124.05 (US$ Thousands).

Exports and Imports of Product Groups 2019

Exports and imports of products by stages of processing in 2019 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2019

Tariffs imposed by Bermuda in 2019 are below

  • The maximum rate of tariff in percentage on any product was 3,000 percent.
  • The simple average tariff across all products was 39.96 percent.
  • The trade weighted average tariff was 103.17 .
  • The total duty free imports in thousands of US dollars were 104,068.16 and duty free tariff line items share was 6.60 percent.

Development Indicators 2019

Key Development Indicators of Bermuda in 2019 are below

  • Bermuda GDP in current US dollar was 7,423 million.
  • GNI per capita, Atlas method (current US$) was 117,280.00 .
  • Bermuda Trade balance: as % of GDP was 25.93.
  • Trade balance in current US$ was 1,925.00 million.
  • Trade as percentage of GDP was 77.56 .
  • Trade in services as percentage of GDP was 35.82 .

Trade Indicators 2019

Trade Indicators for Bermuda in 2019 are below

  • Hirschman Herfindahl market concentration index was 0.57.
  • Index of export market penetration was 1.34.
  • World Growth in percentage was -1.34 and Bermuda Country Growth was 39.51 .