Bermuda Trade

Latest trade data available from various sources.

Please note: The data from various sources are not from the same year.
Bermuda monthly trade data
Bermuda quarterly trade data

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For viewing trade, tariff data for country or region by year click here.
Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

TRADE SUMMARY FOR Bermuda

2019

Overall Exports and Imports

Exports
Exports (in US$ Mil) 27
No. Of products 677
No. Of partners 39
Imports
Imports (in US$ Mil) 1,118
No. Of products 3,394
No. Of partners 177

Trade Indicator

HH Market concentration index0.58
Index of export market penetration1.29
World Growth-1.13
Country Growth50.65

Service Indicators 2019

Service imports (BoP, current US$)1,073,185,289.65
Service exports (BoP, current US$)1,574,556,235.70
Imports of goods and services (% of GDP)25.62
Exports of goods and services (% of GDP)50.24

Bermuda top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
United States21 78.30
Denmark2 6.95
Canada1 5.31
United Kingdom1 4.04
Antigua and Barbuda1 2.38
Exporter Trade (US$ Mil) Partner share(%)
United States795 71.12
Canada98 8.74
United Kingdom42 3.78
Denmark35 3.17
China25 2.24

Bermuda Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials0 0.76 73 6.56 5.37
Intermediate goods1 4.98 63 5.65 18.39
Consumer goods8 31.60 631 56.44 146.25
Capital goods17 61.52 222 19.90 26.50

Top 5 Products exports imports at HS 6 digit level

Exports
Special purpose moto ...9,870.84
Rum and tafia3,014.68
Trailers nes for the ...1,839.74
Tarpaulins, awnings ...888.98
Aircraft parts nes842.12
Imports
Petroleum oils, etc, ...97,593.22
New stamps; stamp-im ...79,876.70
Parts of electric mo ...50,476.20
Collages and similar ...21,563.16
Other medicaments of ...19,124.05

Tariff and Trade Barriers for Bermuda

Tariffs 2019

No. Of Tariff Agreement 1
Simple Average (%) 39.96
Duty Free Imports (US$ Thousand) 104,068.16
Maximum Rate (%) 3,000
Weighted Average (%) 103.17
Duty Free Tariff Lines Share (%) 6.60

Overall Trade Restrictiveness Index (OTRI)

OTRI »
Overall Trade Restrictiveness Index - MFN Tariff...
Overall Trade Restrictiveness Index - Applied Tariff...

Services Service Policy Restrictive Database (SPRD)

SPRD »
Services Trade Restrictions Index - Over All...

Non-Tariff Measures (NTM)

No Of NTM Measures...
No Of NTM Affected Products (HS 6 Digit)...

Temporary Trade Barriers Database (TTDB)

TTDB »
Temporary Trade Barriers in Effect - Simple Average...
Temporary Trade Barriers in Effect - Weighted Average...

World Development Indicators (WDI)

2019 WDI »
Population63,968
GDP (current US$ Mil)7,484
GNI per capita, Atlas method (current US$)117,740.00
Trade Balance (current US$ Mil)1,842.00
Trade Balance (% of GDP)24.62

Doing Business

Doing Business »
Ease of Doing Business Rank...
Trading Across Borders Rank...

Country Policy and Institutional Assessment (CPIA)

CPIA »
CPIA Trade Ratings...

Logistics Performance Index (LPI)

LPI »
LPI Score...
LPI Rank...