Bermuda (BMU) and United States (USA) Trade | The Observatory of Economic Complexity

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Bermuda-United States In 2022, Bermuda exported $11.1M to United States. The main products that Bermuda exported to United States are Hard Liquor ($2.42M), Spark-Ignition Engines ($1.83M), and Electric Generating Sets ($891k). During the last 27 years the exports of Bermuda to United States have increased at an annualized rate of 4.07%, from $3.78M in 1995 to $11.1M in 2022.

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

United States-Bermuda 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). During the last 27 years the exports of United States to Bermuda have increased at an annualized rate of 1.12%, from $410M in 1995 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.

Comparison In 2022, Bermuda ranked 199 in total exports ($68.1M), and does not have data regarding Economic Complexity Index. That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.41), and 2 in total exports ($1.95T).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, 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 27 years the exports of Bermuda to United States have increased at an annualized rate of 4.07%, from $3.78M in 1995 to $11.1M in 2022.

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 27 years the exports of United States to Bermuda have increased at an annualized rate of 1.12%, from $410M in 1995 to $555M in 2022.

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

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

Latest Data

Trade between Bermuda () and United States ()

Bermuda Exports

Date

United States Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bermuda
Top DestinationZambia$17.5M

United States
Top DestinationCanada$308B

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

In 2019, no countries were registered that imported more from Bermuda than from United States.

In 2021, countries that imported more from United States than Bermuda were Canada ($308B), Mexico ($294B), and China ($151B).

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

Comparative Advantage Bermuda - United States

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bermuda had a large net trade with United States in the exports of Machines ($5.28M), Foodstuffs ($2.56M), and Instruments ($925k).

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).

Service Trade

Bilateral Service Trade

Usa Year

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.

Service trade data is presented based on availability.

Services Exports from United States () to Bermuda () (2017)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Bermuda has comparative advantage over United States. Similarly, the more yellow a dot/product is, the more United States has comparative advantage over Bermuda.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Bermuda () and United States ()

Bermuda Exports

United States Exports

Market Competitiveness

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

Comparative Advantage Bermuda - United States

Service Trade

Bilateral Service Trade

Services Exports from United States () to Bermuda () (2017)

Economic Complexity

Competitive Landscape

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

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