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2023
Flag → Flag
Exports $5.9MRnk 4 / 90
2023
Flag → Flag
Top Product $2.02MHard Liquor
2023
Flag → Flag
Exports $490MRnk 105 / 220
2023
Flag → Flag
Top Product $52.5MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
Flag  
GDP$8.14BCURRENT US$
Rnk 153 / 195
2013-2023
Flag
GDP GROWTH25.9%CURRENT US$
Rnk 123 / 195
2023
Flag
 GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
Flag
GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
Flag
GDP PC $125,842CURRENT US$
Rnk 3 / 195
2013-2023
Flag
GDP PC GROWTH23.7%CURRENT US$
Rnk 91 / 195
2023
Flag
GDP PC$82,769CURRENT US$
Rnk 9 / 196
2013-2023
Flag
GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195

About

Bermuda-United States Trade: In 2023, Bermuda exported $5.9M to United States. The main products that Bermuda exported to United States were Hard Liquor ($2.02M), Scrap Iron ($946k), and Paintings ($555k). Over the past 5 years the exports of Bermuda to United States have decreased at an annualized rate of 15.6%, from $13.8M in 2018 to $5.9M in 2023.

In 2023, Bermuda did not export any services to United States.

United States-Bermuda Trade: In 2023, United States exported $490M to Bermuda. The main products that United States exported to Bermuda were Refined Petroleum ($52.5M), Recreational Boats ($23.4M), and Broadcasting Equipment ($14.7M). Over the past 5 years the exports of United States to Bermuda have decreased at an annualized rate of 4.93%,  from $631M in 2018 to $490M in 2023.

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 2023,  Bermuda ranked 179 in total exports ($254M), and does not have data regarding Economic Complexity Index. That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bermuda exported $5.9M to United States. The main products exported from Bermuda to United States were Hard Liquor ($2.02M), Scrap Iron ($946k), and Paintings ($555k). During the last 5 years the exports of Bermuda to United States have decreased at an annualized rate of 15.6%, from $13.8M in 2018 to $5.9M in 2023.

In 2018, United States exported $490M to Bermuda. The main products exported from United States to Bermuda were Refined Petroleum ($52.5M), Recreational Boats ($23.4M), and Broadcasting Equipment ($14.7M). During the last 5 years the exports of United States to Bermuda have decreased at an annualized rate of 4.93%, from $631M in 2023 to $490M in 2018.

Exports from Bermuda (Flag) to United States (Flag) (2023)

Exports from United States (Flag) to Bermuda (Flag) (2023)

Latest Data

Trade between Bermuda (Flag) and United States (Flag)

Bermuda Exports

United States Exports

Market Competitiveness

Color
Bermuda
Top DestinationGermany$101M
United States
Top DestinationCanada$269B

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 2023, no countries were registered that imported more from Bermuda than from United States.

In 2023, countries that imported more from United States than Bermuda included Canada ($269B), Mexico ($243B), and China ($154B).

Difference in imports from United States (Flag) and Bermuda (Flag) (2023)

Comparative Advantage Bermuda - United States

Flow
Scale

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

During 2023, Bermuda had a large net trade with United States in the exports of Foodstuffs ($2.02M), Metals ($1.44M), and Instruments ($787k).

During 2018, United States had a large net trade with Bermuda in the exports of Machines ($99.4M), Foodstuffs ($60M), and Mineral Products ($54.7M).

Economic Complexity

Competitive Landscape

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

Product Space of Bermuda (Flag) and United States (Flag) (2023)

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