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Bermuda Trade at a Glance : Most Recent Values

Latest trade data available from various sources.
Bermuda monthly trade data
Bermuda quarterly trade data

Please note: The data from various sources are not from the same year.

Year

Bermuda exports, imports, trade and tariff indicators 2023

Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

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Bermuda Trade

Overall Exports and Imports for Bermuda 2024

The total value of exports (FOB) is US$ 68 million.
The total value of imports (CIF) is US$ 1,270 million.
The total trade was US$ 1,339 million.
The trade balance was US$ -1,202 million.

Bermuda Monthly Exports and imports, in Dec 2022

The total value of exports (FOB) is US$ 531 K.
The total value of imports (CIF) is US$ 108,811 K.
The total trade was US$ 109,341 K.
The trade balance was US$ -108,280 K.

Bermuda Trade Indicators 2023

Hirschman Herfindahl Market concentration index is 0.28.
Index of export market penetration is 0.28.
World Growth in percentage is 0.28 and Bermuda Country Growth is 92.26.

Bermuda Service Trade data from WDI 2023

Bermuda, Service imports (BoP, current US$) is 1,083,296,916.46.
Bermuda, Service exports (BoP, current US$) is 1,586,991,467.65.
Bermuda, Imports of goods and services as percentage of GDP is 23.36 %.
Bermuda, Exports of goods and services as percentage of GDP is 50.23 %.

Tariff and Trade Barriers

Tariffs 2023

Tariffs imposed by Bermuda in 2023 are below.

The maximum rate of tariff in percentage on any product is 3,000.
The simple average tariff across all products is 22.11.
The trade weighted average tariff is 24.15.
The total duty free imports in thousands of US dollars are 50,800.61 and duty free tariff line items share is 8.57.

Bermuda Foreign Direct Investment (FDI) 2024

FDI Inward stock (in US$ Mil) was US$ 2,998 million.
FDI Inward stock flow (in US$ Mil) was US$ 118 million.
FDI Outward stock (in US$ Mil) was US$ 237 million.
FDI Outward stock flow (in US$ Mil) was US$ 34 million.

Non-Tariff Measures (NTM)

No Of NTM Measures is not available.
No Of NTM Affected Products (HS 6 Digit) is not available.

Bermuda World Development Indicators (WDI) 2023

Key Development Indicators of Bermuda in 2023 are below

The population of Bermuda is 63,968.
GDP in US$ is 8,579 million .
GNI per capita, Atlas method in current US dollars is 134,500.00.
Trade balance in US$ is 2,305.00 million.
Trade in services as percentage of GDP is 26.87 %.

WDI

Bermuda Global Value Chain (GVC) 2015

GVC related output as percentage of output was 3 %.
GVC related trade as percentage of trade was 39 %.

GVC

Bermuda Services Service Policy Restrictive Database (SPRD)

Services Trade Restrictions Index (Over All) for Bermuda is not available.

SPRD