Bermuda Trade Summary

2021 Data

Bermuda exports, imports, tariff by year.

Country / 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

Overall Exports and Imports

Exportsmore »
Exports (in US$ Mil): 29
No. Of products: 459
No. Of partners: 32
Importsmore »
Imports (in US$ Mil): 1,055
No. Of products: 3,450
No. Of partners: 179

Top 5 Products exports imports at HS 6 digit level

Exports (US$ Thousands)  
Trailers nes for the ...12,789.90
Special purpose moto ...4,709.40
Rum and tafia2,098.97
Video recording or r ...647.99
Generating sets,dies ...590.00
Imports (US$ Thousands)
Petroleum oils, etc, ...86,612.94
New stamps; stamp-im ...40,843.61
Other medicaments of ...24,026.69
Furniture, wooden, n ...14,647.43
Wine (not sparkling) ...12,730.97

Top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
United States26 89.99
Germany1 4.06
United Kingdom1 2.78
Netherlands0 0.92
Turkey0 0.44
Exporter Trade (US$ Mil) Partner share(%)
United States763 72.34
Canada72 6.83
United Kingdom63 5.93
China22 2.08
Germany18 1.68

Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials0 0.20 74 7.04 5.33
Intermediate goods1 2.56 68 6.46 15.66
Consumer goods3 11.95 645 61.15 27.07
Capital goods21 74.67 128 12.17 26.25

Trade Indicators

more »
HH Market concentration index: 0.32
Index of export market penetration: 1.38
World Growth: 12.50
Country Growth: -8.39

Tariffs

more »
No Of Tariff Agreement: 1
Maximum Rate (%): 3,000
Simple Average (%): 22.24
Weighted Average (%): 23.84
Duty Free Imports (US$ Thousand): 63,766.04
Duty Free Tariff Lines Share (%): 7.03

Development Indicators

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GDP (current US$): 7,127
GNI per capita, Atlas method (current US$): 120,020.00
Trade Balance (% of GDP): 25.99
Trade Balance (current US$ Mil): 1,853.00
Trade in services (% of GDP): 27.59
Trade (% of GDP): 74.09