1. Home
  2. Global Insights
  3. By Country
  4. Bermuda
  5. Trade Statistics

Bermuda: Trade Statistics

Exporter Rank

135 / 138

Importer Rank

131 / 138

Trade Balance Rank

59 / 138

Total Trade [1]

Total Exports (2021) $28,632,529
Total Imports (2021) $1,055,206,248
Trade Balance (2021) ($1,026,573,719)
Exports of goods and services (% of GDP) (2022) [2] 52.32%
Imports of goods and services (% of GDP) (2022) [2] 25.97%

Trade Partners [1]

Export Partners

Top 10 Export Countries

Country Export USD$
United States $25,766,960
Germany $1,163,249
United Kingdom $797,217
Netherlands $264,668
Turkey $126,088
Canada $101,920
France $76,709
Norway $72,234
Malaysia $60,389
Italy $50,128

Import Partners

Top 10 Import Countries

Country Import USD$
United States $763,378,459
Canada $72,043,000
United Kingdom $62,608,977
China $21,990,901
Germany $17,697,327
Japan $10,658,329
France $9,760,320
South Korea $8,692,405
India $7,315,645
Italy $7,166,789

Traded Goods [1] (at the 2-digit HS Code level)

Top 10 Export Goods

HS Code Export USD$
(87) Motor Vehicles & Parts $17,813,728
(99) Items nesoi $3,042,204
(22) Beverages $2,178,716
(85) Electrical Machinery $2,140,873
(90) Precision Instruments $1,100,617
(84) Industrial Machinery $999,244
(73) Iron & Steel Articles $267,034
(71) Precious Stones & Metals $141,819
(38) Chemical Products $132,182
(88) Aircraft $101,513

Top 10 Import Goods

HS Code Import USD$
(99) Items nesoi $139,196,225
(27) Oil & Mineral Fuels $90,614,062
(94) Furniture $73,909,458
(84) Industrial Machinery $63,549,162
(85) Electrical Machinery $59,068,689
(22) Beverages $46,499,105
(49) Printed Material $44,310,845
(87) Motor Vehicles & Parts $43,452,050
(30) Pharmaceuticals $33,030,657
(39) Plastics $32,022,925

Sources:

  1. UN Comtrade (2021) except where stated otherwise.
  2. The World Bank. Accessed: 10/8/2023
Bermuda