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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 1.41Rnk 10 / 124
2022
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GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
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 GDP$7.55BCURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP GROWTH18.4%CURRENT US$
Rnk 124 / 186
2022
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GDP PC $76,399CURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186
2022
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GDP PC$118,846CURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP PC GROWTH20.7%CURRENT US$
Rnk 85 / 186

About

United States-Bermuda In 2022, United States exported $555M to Bermuda. The main products that United States exported to Bermuda are 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.

Bermuda-United States 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). 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.

Comparison In 2022,  United States ranked 10 in the Economic Complexity Index (ECI 1.41),  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.

COMPANIES In 2023, leading companies such as CELEBRITY CRUISES INC. (186) and RECREATIONAL EQUIPMENT INC (4) were at the forefront of exporting goods from Bermuda to the United States. Conversely, CELEBRITY CRUISES INC. (184) and WESTFIELD OUTDOORS INC (4) were notable for importing Bermuda products to the United States.

Latest Trends

January, 2024

About

Overview In January 2024, United States exported $36.9M and imported $1.19M from Bermuda, resulting in a positive trade balance of $35.7M. Between January 2023 and January 2024 the exports of United States have decreased by $-8.26M (-18.3%) from $45.1M to $36.9M, while imports decreased by $-1.07M (-47.3%) from $2.26M to $1.19M.

Trade In January 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 January 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 January 2024 the exports of United States were mainly from Florida ($8.31M), New Jersey ($5.14M), US Virgin Islands ($4.65M), Pennsylvania ($3.78M), and New York ($2.75M), while imports destinations were mainly Ohio ($316k), New York ($283k), Florida ($234k), Georgia ($124k), and New Jersey ($123k).

Growth In January 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 January 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

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2023 - January 2024)$-8.26M(-18.3%)
IMPORT GROWTH (January 2023 - January 2024)$-1.07M(-47.3%)
MAIN EXPORTER (January 2024)Florida$8.31M

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 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 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.

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

In 2019, 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 2022, Bermuda had a large net trade with United States in the exports of Machines ($5.28M), Foodstuffs ($2.56M), and Instruments ($925k).

Service Trade

Bilateral Service Trade

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 (Flag) to Bermuda (Flag) (2017)

Economic Complexity

Competitive Landscape

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 United States has comparative advantage over Bermuda. Similarly, the more yellow a dot/product is, the more Bermuda has comparative advantage over United States.

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

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