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Pricing

2022
Flag → Flag
Exports $555MRnk 100 / 219
2022
Flag → Flag
Top Product $52.8MRefined Petroleum
2022
Flag → Flag
Exports $145kRnk 2 / 89
2022
Flag → Flag
Top Product $2.42MHard Liquor
2022
Flag
Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
Flag  
GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
Flag
 GDP$7.55BCURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP GROWTH18.4%CURRENT US$
Rnk 124 / 186
2022
Flag
GDP PC $76,399CURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186
2022
Flag
GDP PC$118,846CURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP PC GROWTH20.7%CURRENT US$
Rnk 85 / 186

About

United States-Bermuda Trade: In 2022, United States exported $555M to Bermuda. The main products that United States exported to Bermuda were Refined Petroleum ($52.8M), Broadcasting Equipment ($14.1M), and Other Furniture ($11.9M). Over the past 5 years the exports of United States to Bermuda have decreased at an annualized rate of 0.15%, from $559M in 2017 to $555M in 2022.

In 2017, United States exported services to Bermuda worth $11.3B, with Financial services ($4.12B), Insurance services ($2.92B), and Royalties and license fees ($1.99B) being the largest in terms of value.

Bermuda-United States In N/A, Bermuda did not export any products to United States.

In 2022, Bermuda did not export any services to United States.

Comparison In 2022,  United States ranked 10 in the Economic Complexity Index (ECI 1.47),  and 2 in total exports ($1.95T). That same year, Bermuda ranked 199 in total exports ($68.1M), and does not have data regarding Economic Complexity Index.

Company data: In 2023, leading companies such as Celebrity Cruises (93), Heineken (6), and Amazon (1) were at the forefront of exporting goods from Bermuda to the United States. Conversely, Celebrity Cruises Inc. (92), Burrows Lightbourn Ltd. (6), and Unknown (1) were notable for importing products to Bermuda from the United States.

Latest Trends

August, 2024

About

Overview In August 2024, United States exported $51.4M and imported $2.85M from Bermuda, resulting in a positive trade balance of $48.5M. Between August 2023 and August 2024 the exports of United States have increased by $3.1M (6.43%) from $48.3M to $51.4M, while imports increased by $1.53M (116%) from $1.32M to $2.85M.

Trade In August 2024, the top exports of United States to Bermuda were Refined Petroleum ($7.6M), Commodities not elsewhere specified ($5.91M), Knit Men's Shirts ($2.87M), Knit T-shirts ($2.26M), and Telephones ($1.97M). In August 2024 the top imports of United States from Bermuda were Commodities not elsewhere specified ($1.91M), Hard Liquor ($289k), Medical Instruments ($37k), Scrap Lead ($6.18k), and Chemical Analysis Instruments ($6k).

Origins In August 2024 the exports of United States were mainly from Florida ($8.3M), New Jersey ($6.85M), US Virgin Islands ($6.75M), Pennsylvania ($3.91M), and California ($3.56M), while imports destinations were mainly Florida ($1.69M), New York ($419k), New Jersey ($150k), Massachusetts ($144k), and Nevada ($133k).

Growth In August 2024, the increase in United States's year-by-year exports to Bermuda was explained primarily by an increase in product exports in Refined Petroleum ($7.43M or 4.59k%), Knit T-shirts ($2.24M or 10.8k%), and Commodities not elsewhere specified ($1.66M or 39%). In August 2024, the increase in United States's year-by-year imports  from Bermuda was explained primarily by an increase in product imports  in Commodities not elsewhere specified ($1.78M or 1.42k%) and Hard Liquor ($217k or 300%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$3.1M(6.43%)
IMPORT GROWTH (August 2023 - August 2024)$1.53M(116%)
MAIN EXPORTER (August 2024)Florida$8.3M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Bermuda and United States trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United States exported $555M to Bermuda. The main products exported from United States to Bermuda were Refined Petroleum ($52.8M), Broadcasting Equipment ($14.1M), and Other Furniture ($11.9M). During the last 5 years the exports of United States to Bermuda have decreased at an annualized rate of 0.15%, from $559M in 2017 to $555M in 2022.

Bermuda does not register exports to United States. The main products exported from Bermuda to United States were Hard Liquor ($2.42M), Spark-Ignition Engines ($1.83M), and Electric Generating Sets ($891k).

Exports from United States (Flag) to Bermuda (Flag) (2022)

Exports from Bermuda (Flag) to United States (Flag) (2022)

Market Competitiveness

Color
United States
Top DestinationCanada$308B
Bermuda
Top DestinationZambia$17.5M

This map shows whether countries import more from United States or Bermuda. Each country is colored based on the difference in imports they receive from United States and Bermuda or the difference in the growth in imports.

In 2022, countries that imported more from United States than Bermuda included Canada ($308B), Mexico ($294B), and China ($151B).

In 2022, no countries were registered that imported more from Bermuda than from United States.

Difference in imports from Bermuda (Flag) and United States (Flag) (2022)

Comparative Advantage United States - Bermuda

Flow
Scale

This chart compares trade between United States and Bermuda by product, considering products traded by both, United States and Bermuda.

During 2022, United States had a large net trade with Bermuda in the exports of Machines ($102M), Foodstuffs ($69.7M), and Mineral Products ($55.6M).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of United States and Bermuda. This means that a dot/product with the flag of United States indicates it has a comparative advantage over Bermuda. Similarly, a dot/product with the flag of Bermuda indicates it has a comparative advantage over United States.

Product Space of United States (Flag) and Bermuda (Flag) (2022)

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