2022
Flag  
GDP
$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
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GDP GROWTH
56.7%CURRENT US$
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2022
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 GDP
$7.55BCURRENT US$
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2012-2022
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GDP GROWTH
18.4%CURRENT US$
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2022
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GDP PC 
$76,399CURRENT US$
Rnk 8 / 186
2012-2022
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GDP PC GROWTH
47.5%CURRENT US$
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2022
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GDP PC
$118,846CURRENT US$
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2012-2022
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GDP PC GROWTH
20.7%CURRENT US$
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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 Trade: In 2022, Bermuda exported $11.1M to United States. The main products that Bermuda exported to United States were Hard Liquor ($2.42M), Spark-Ignition Engines ($1.83M), and Electric Generating Sets ($891k). Over the past 5 years the exports of Bermuda to United States have increased at an annualized rate of 0.25%,  from $11M in 2017 to $11.1M in 2022.

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.

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.

In 2017, Bermuda exported $11.1M 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). During the last 5 years the exports of Bermuda to United States have increased at an annualized rate of 0.25%, from $11M in 2022 to $11.1M in 2017.

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

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

Market Competitiveness

Color
United States
Top Destination
Canada$308B
Bermuda
Top Destination
Zambia$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).

During 2017, Bermuda had a large net trade with United States in the exports of Machines ($5.28M), Foodstuffs ($2.56M), and Instruments ($925k).

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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