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Pricing

2022
Flag → Flag
Exports $555MRnk 100 / 219
2022
Flag → Flag
Top Product $52.8MRefined Petroleum
2022
Flag → Flag
Exports $11.1MRnk 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 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.

Latest Trends

September, 2024

About

Overview In September 2024, United States exported $42.6M and imported $1.59M from Bermuda, resulting in a positive trade balance of $41M. Between September 2023 and September 2024 the exports of United States have decreased by $-2.81M (-6.19%) from $45.4M to $42.6M, while imports decreased by $-2.3M (-59.2%) from $3.88M to $1.59M.

Trade In September 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 September 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 September 2024 the exports of United States were mainly from Florida ($10.6M), New Jersey ($8.37M), Pennsylvania ($3.29M), New York ($2.99M), and Georgia ($1.47M), while imports destinations were mainly Florida ($863k), New Jersey ($254k), New York ($164k), and Kentucky ($72.4k).

Growth In September 2024, the decrease in United States's year-by-year exports to Bermuda was explained primarily by an decrease in product exports in Recreational Boats ($-1.12M or -97.7%), Liquid Dispersing Machines ($-848k or -98%), and Aluminium Structures ($-679k or -82.7%). In September 2024, the decrease in United States's year-by-year imports  from Bermuda was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)$-2.81M(-6.19%)
IMPORT GROWTH (September 2023 - September 2024)$-2.3M(-59.2%)
MAIN EXPORTER (September 2024)Florida$10.6M

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.

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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.

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 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).

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)

Keep Exploring

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