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

2020

Overall Exports and Imports

Exports
Exports (in US$ Mil) 19
No. Of products 367
No. Of partners 26
Imports
Imports (in US$ Mil) 904
No. Of products 3,385
No. Of partners 185

Trade Indicator

HH Market concentration index0.65
Index of export market penetration1.35
World Growth-3.91
Country Growth-34.34

Service Indicators 2020

Service imports (BoP, current US$)...
Service exports (BoP, current US$)...
Imports of goods and services (% of GDP)...
Exports of goods and services (% of GDP)...

Bermuda top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
United States18 94.16
United Kingdom0 1.54
Germany0 1.28
Denmark0 0.85
Belgium0 0.71
Exporter Trade (US$ Mil) Partner share(%)
United States632 69.92
Canada71 7.91
United Kingdom45 5.03
China27 3.04
Netherlands11 1.22

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 0.29 70 7.77 5.33
Intermediate goods11 55.22 58 6.41 15.64
Consumer goods4 22.49 506 56.00 27.44
Capital goods4 21.74 121 13.39 26.25

Top 5 Products exports imports at HS 6 digit level

Exports
Strings, musical ins ...9,209.30
Rum and tafia2,482.61
Special purpose moto ...1,495.12
Equipment for scaffo ...1,078.04
Generating sets,dies ...454.00
Imports
Petroleum oils, etc, ...50,597.34
New stamps; stamp-im ...34,903.30
Other medicaments of ...14,797.59
Other bread, etc, ne ...11,293.35
Wine (not sparkling) ...9,804.73

Tariff and Trade Barriers for Bermuda

Tariffs 2020

No. Of Tariff Agreement 1
Simple Average (%) 22.26
Duty Free Imports (US$ Thousand) 63,766.04
Maximum Rate (%) 3,000
Weighted Average (%) 24.07
Duty Free Tariff Lines Share (%) 7.03

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)

2020 WDI »
Population63,968
GDP (current US$ Mil)...
GNI per capita, Atlas method (current US$)...
Trade Balance (current US$ Mil)...
Trade Balance (% of GDP)...

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...