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Bermuda: Trade Statistics

Exporter Rank

124 / 127

Importer Rank

117 / 127

Trade Balance Rank

63 / 127

Total Trade [1]

Total Exports (2019) $26,832,552
Total Imports (2019) $1,117,764,475
Trade Balance (2019) ($1,090,931,923)
Exports of goods and services (% of GDP) (2020) [2] 49.87%
Imports of goods and services (% of GDP) (2020) [2] 22.2%

Trade Partners [1]

Export Partners

Top 10 Export Countries

Country Export USD$
United States $21,010,903
Denmark $1,865,363
Canada $1,424,938
United Kingdom $1,084,584
Antigua and Barbuda $638,893
Japan $184,686
Switzerland $125,859
Belgium $95,255
China $79,389
Germany $67,467

Import Partners

Top 10 Import Countries

Country Import USD$
United States $794,976,969
Canada $97,721,397
United Kingdom $42,269,086
Denmark $35,402,608
China $25,092,705
Germany $12,092,268
Netherlands $10,426,920
France $10,170,649
Japan $9,921,853
Italy $8,380,155

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

Top 10 Export Goods

HS Code Export USD$
(87) Motor Vehicles & Parts $12,760,625
(22) Beverages $3,317,882
(84) Industrial Machinery $1,696,558
(63) Textile Articles $1,549,148
(85) Electrical Machinery $1,390,064
(90) Precision Instruments $1,199,322
(89) Ships & Boats $924,571
(71) Precious Stones & Metals $860,284
(88) Aircraft $851,473
(99) Items nesoi $306,725

Top 10 Import Goods

HS Code Import USD$
(99) Items nesoi $127,969,912
(85) Electrical Machinery $118,653,033
(27) Oil & Mineral Fuels $100,302,740
(49) Printed Material $83,553,930
(84) Industrial Machinery $65,403,745
(22) Beverages $45,693,222
(94) Furniture $42,926,953
(87) Motor Vehicles & Parts $40,722,022
(97) Collectibles $32,420,757
(39) Plastics $27,645,370

Sources:

  1. UN Comtrade (2019) except where stated otherwise.
  2. The World Bank. Accessed: 1/21/2022
Bermuda