Bermuda (BMU)
Annual exports and imports in 2024 (USD).
Source: UN Comtrade. Warehouse 1: partner = World totals by HS4 and year.
Bermuda - trade dependency by partner, 2024 (USD)
| Rank | Partner | Export dependency | Import dependency | Total dependency |
|---|---|---|---|---|
| 1 | USA (USA) | 71.4% $48.81M | 80.7% $1.03B | 80.3% $1.07B |
| 2 | United Kingdom (GBR) | 4.2% $2.88M | 4.6% $58.50M | 4.6% $61.39M |
| 3 | Canada (CAN) | 0.2% $163.57K | 2.5% $32.00M | 2.4% $32.16M |
| 4 | China (CHN) | 0.0% $0 | 1.6% $20.65M | 1.5% $20.65M |
| 5 | New Zealand (NZL) | 21.0% $14.32M | 0.0% $0 | 1.1% $14.32M |
| 6 | Japan (JPN) | 0.0% $0 | 0.8% $10.15M | 0.8% $10.15M |
| 7 | Italy (ITA) | 0.0% $502 | 0.7% $9.41M | 0.7% $9.41M |
| 8 | Netherlands (NLD) | 0.0% $1.81K | 0.7% $9.27M | 0.7% $9.27M |
| 9 | France (FRA) | 0.9% $637.23K | 0.7% $8.61M | 0.7% $9.25M |
| 10 | Panama (PAN) | 0.0% $0 | 0.7% $8.99M | 0.7% $8.99M |
- Bermuda's total trade in 2024 amounted to $1.3B, ranking it 124th globally.
- The country's trade balance was a deficit of -$1.2B in 2024.
- Exports from Bermuda totaled $68.3M, with the top destination being the United States, receiving 71.4% of exports.
- Imports to Bermuda were valued at $1.3B, primarily from the United States (80.7% share).
- The top export category for Bermuda was Aircraft, spacecraft, and parts thereof (HS2 88), valued at $28.0M.
- Mineral fuels and oils (HS2 27) were the top import category, with a value of $146.2M.
Bermuda's Trade Performance in 2024
In 2024, Bermuda recorded total exports of $68.3M and imports of $1.3B, resulting in a trade balance of -$1.2B. The country's total trade value placed it at a rank of 124 worldwide. The primary trading partner for both exports and imports was the United States, accounting for 71.4% of exports and 80.7% of imports.
Top Exports
Bermuda's leading export in 2024 was Aircraft, spacecraft, and parts thereof (HS2 88), with a total value of $28.0M, representing 40.9% of all exports. The second largest export category was 'Commodities not specified according to kind' (HS2 99), valued at $26.1M. The majority of Bermuda's exports were destined for the United States.
Top Imports
In 2024, Bermuda's most significant import category was Mineral fuels and oils (HS2 27), with an import value of $146.2M. Following this were 'Commodities not specified according to kind' (HS2 99) at $145.5M and printed materials including books and newspapers (HS2 49) at $113.6M. The leading source of imports was the United States, followed by the United Kingdom and Canada.
Exports
Bermuda - exports over time (Exports), 2015-2024 (USD)
Top export categories
Largest HS2 categories by export value in the selected year.
Bermuda - export composition by product categories (Exports), 2024 (USD)
Bermuda - export composition by 4-digit product groups (Exports), 2024 (USD)
Imports
Bermuda - imports over time (Imports), 2015-2024 (USD)
Top import categories
Largest HS2 categories by import value in the selected year.