Annual International Trade Statistics by Country (HS)
Publication date: 2024-01-28
Reporting period: 2002 - 2022
Timeseries: 194 million
Source:TrendEconomy
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Bermuda | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2011 - 2022

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2011
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2022
TOTAL. ALL COMMODITIESBermudaWorldExportsValue (US$)9,624,203.0021,705,082.0011,968,501.008,622,430.008,317,389.0011,742,165.6722,912,424.5426,832,552.2719,103,500.1628,632,529.0833,526,784.43
Value Growth, YoY (%)125.52-44.85-27.95-3.5341.1795.1217.10-28.8049.8817.09
ImportsValue (US$)880,766,921.00866,904,652.00994,572,258.00961,075,407.00928,900,937.00971,429,410.001,078,213,784.731,070,009,014.921,117,764,475.54903,950,587.861,055,206,248.221,192,257,848.36
Value Growth, YoY (%)-9.16-1.5714.72-3.36-3.344.5710.99-0.764.46-19.1216.7312.98

The value of merchandise exports from Bermuda totalled $ 33 million in 2022. Merchandise exports from Bermuda increased by 17% compared to 2021. Goods exports grew up by $ 4.89 million in 2022 (the value of merchandise exports from Bermuda amounted to $28 million in 2021)

Bermuda's exports 2022 by country

Top export destinations of commodities from Bermuda in 2022:

  • USA with a share of 84% (28 million US$)
  • United Kingdom with a share of 9.63% (3.23 million US$)
  • Canada with a share of 2.94% (986 thousand US$)
  • Germany with a share of 1.67% (561 thousand US$)
  • Denmark - 83 thousand US$
  • New Zealand - 74 thousand US$
  • Faroe Islands - 68 thousand US$
  • Croatia - 54 thousand US$
  • Sweden - 24 thousand US$
  • Jamaica - 20 thousand US$

Exports structure from Bermuda in 2022 represented by the following main commodity groups:

  • 61% (20 million US$): 99 - Commodities not specified according to kind
  • 13.2% (4.43 million US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 7.33% (2.45 million US$): 22 - Beverages, spirits and vinegar
  • 6.01% (2.01 million US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 4.56% (1.53 million US$): 90 - Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof
  • 1.58% (530 thousand US$): 71 - Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin
  • 1.5% (504 thousand US$): 82 - Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal
  • 0.628% (210 thousand US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 0.549% (184 thousand US$): 63 - Other made up textile articles; sets; worn clothing and worn textile articles; rags
  • 0.378% (126 thousand US$): 19 - Preparations of cereals, flour, starch or milk; bakers' wares

What did Bermuda export in 2022?

Bermuda's Top Exports in 2022:

  • 7.25% ($2.43 million): 2208 - Undenatured ethyl alcohol of an alcoholic strength by volume of less than 80 % vol; spirits, liqueurs and other spirituous beverages
  • 5.45% ($1.82 million): 8407 - Spark-ignition reciprocating or rotary internal combustion piston engines
  • 2.65% ($890 thousand): 8502 - Electric generating sets and rotary converters
  • 1.92% ($645 thousand): 8479 - Machines and mechanical appliances having individual functions, not specified or included elsewhere in this Chapter
  • 1.61% ($541 thousand): 8427 - Fork-lift trucks; other works trucks fitted with lifting or handling equipment
  • 1.52% ($511 thousand): 9007 - Cinematographic cameras and projectors, whether or not incorporating sound recording or reproducing apparatus
  • 1.35% ($454 thousand): 9018 - Instruments and appliances used in medical, surgical, dental or veterinary sciences, including scintigraphic apparatus, other electro-medical apparatus and sight-testing instruments
  • 1.17% ($393 thousand): 8205 - Hand tools (including glaziers' diamonds), not elsewhere specified or included; blow lamps; vices, clamps and the like, other than accessories for and parts of, machine tools; anvils; portable forges; hand or pedal-operated grinding wheels with frameworks
  • 0.969% ($324 thousand): 8428 - Other lifting, handling, loading or unloading machinery (for example, lifts, escalators, conveyors, teleferics)

The value of merchandise imports to Bermuda totalled $ 1.19 billion in 2022. Merchandise imports to Bermuda increased by 12.9% compared to 2021. Goods imports grew up by $ 137 million in 2022 (the value of merchandise imports to Bermuda was equal to $1.05 billion in 2021)

Bermuda's imports 2022 by country

Top trading partners (import sources) of Bermuda in 2022:

  • USA with a share of 71% (852 million US$)
  • Canada with a share of 8.53% (101 million US$)
  • United Kingdom with a share of 5.36% (63 million US$)
  • China with a share of 2.88% (34 million US$)
  • Germany with a share of 1.54% (18.3 million US$)
  • France - 11.4 million US$
  • Japan - 10.4 million US$
  • Panama - 8.7 million US$
  • Italy - 8.47 million US$
  • Mexico - 8.08 million US$

Imports structure to Bermuda in 2022 represented by the following main commodity groups:

  • 12.5% (149 million US$): 99 - Commodities not specified according to kind
  • 11.8% (141 million US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 6.5% (77 million US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 5.44% (64 million US$): 49 - Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans
  • 4.95% (59 million US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 4.39% (52 million US$): 22 - Beverages, spirits and vinegar
  • 4.12% (49 million US$): 94 - Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, n.e.s.; illuminated signs, illuminated name-plates and the like; prefabricated buildings
  • 4.11% (49 million US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 3.11% (37 million US$): 39 - Plastics and articles thereof
  • 2.7% (32 million US$): 30 - Pharmaceutical products

What did Bermuda import in 2022?

Bermuda's Top Imports in 2022:

  • 11.5% ($138 million): 2710 - Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils
  • 5.15% ($61 million): 4907 - Unused postage, revenue or similar stamps of current or new issue in the country in which they have, or will have, a recognised face value; stamp-impressed paper; banknotes; cheque forms; stock, share or bond certificates and similar documents of title.
  • 2.27% ($27 million): 3004 - Medicaments (excluding goods of heading 30.02, 30.05 or 30.06) consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses (including those in the form of transdermal administration systems) or in forms or packings for retail sale
  • 2.12% ($25 million): 9403 - Other furniture and parts thereof
  • 2.11% ($25 million): 8703 - Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars
  • 1.43% ($17 million): 2204 - Wine of fresh grapes, including fortified wines; grape must other than that of heading 20.09.
  • 1.36% ($16.3 million): 1905 - Bread, pastry, cakes, biscuits and other bakers' wares, whether or not containing cocoa; communion wafers, empty cachets of a kind suitable for pharmaceutical use, sealing wafers, rice paper and similar products
  • 1.08% ($12.9 million): 2202 - Waters, including mineral waters and aerated waters, containing added sugar or other sweetening matter or flavoured, and other non-alcoholic beverages, not including fruit or vegetable juices of heading 20.09.
  • 0.943% ($11.2 million): 2208 - Undenatured ethyl alcohol of an alcoholic strength by volume of less than 80 % vol; spirits, liqueurs and other spirituous beverages

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Bermuda | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2011 - 2022