US trade (export - import) with Bermuda in 2016

Published or Updated: May 21, 2017

The report on US foreign trade in goods with Bermuda in 2016: exports, imports, balance, product types and groups, dynamics.

US Trade with Bermuda

In 2016, US trade with Bermuda was $664.0 million, down 6.47% ($45.9 million) from 2015.

US exports to Bermuda in 2016 totaled $638.8 million, up 6.32% ($38.0 million) from 2015.

US imports from Bermuda in 2016 were $25.2 million, down 76.89% ($83.9 million) from 2015.

US trade surplus with Bermuda in 2016 was $613.6 million, a 24.78% increase ($121.9 million) over 2015.

Bermuda was the US 105th largest trading partner in 2016 (down from 104th in 2015), accounting for 0.0179% of US total trade (down from 0.0186% in 2015).

Bermuda was the US 89th largest export market in 2016 (just as in 2015), accounting for 0.0440% of US total exports (up from 0.0400% in 2015).

Bermuda was the US 153rd largest supplier in 2016 (down from 120th in 2015), accounting for 0.0011% of US total imports (down from 0.0047% in 2015).

US Exports to Bermuda

The major share of US exports to Bermuda in 2016 (and in 2015) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 45.27% of US total exports to Bermuda (47.77% in 2015);
  • Food products and agricultural raw materials (HS codes 01-24) - 15.96% of US total exports to Bermuda (17.06% in 2015);
  • Mineral products (HS codes 25-27) - 8.53% of US total exports to Bermuda (6.30% in 2015);
  • Chemical products (HS codes 28-40) - 6.45% of US total exports to Bermuda (6.18% in 2015);
  • Wood and wood products (HS codes 44-49) - 2.50% of US total exports to Bermuda (2.54% in 2015);
  • Precious metals and stones (HS code 71) - 2.42% of US total exports to Bermuda (0.95% in 2015);
  • Metals and products from them (HS codes 72-83) - 1.75% of US total exports to Bermuda (2.29% in 2015);
  • Textiles, textile products and footwear (HS codes 50-67) - 1.55% of US total exports to Bermuda (1.61% in 2015).

The largest gains in US exports to Bermuda in 2016 over 2015 were recorded for the following product groups:

  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - an increase of $16,200.8 thousand;
  • Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin (HS code 71) - an increase of $9,773.5 thousand;
  • Commodities not specified according to kind (HS code 99) - an increase of $8,485.3 thousand;
  • Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles (HS code 85) - an increase of $4,541.5 thousand;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $2,243.3 thousand;
  • Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes (HS code 28) - an increase of $2,208.4 thousand.

The largest declines in US exports to Bermuda in 2016 over 2015 were recorded for the following product groups:

  • Aircraft, spacecraft, and parts thereof (HS code 88) - a decrease of $3,518.4 thousand;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $2,052.1 thousand.
US exports to Bermuda in 2016 by product groups
HS
code
Name of product group Value
of exports
in 2016
(USD thousand)
Share
in total export
(%)
Value
of exports
in 2015
(USD thousand)
Change
in 2016
over 2015
(%)
01 Live animals 29.0 0.00 93.9-69.15
02 Meat and edible meat offal 18,199.9 2.85 19,114.4-4.78
03 Fish and crustaceans, molluscs and other aquatic invertebrates 3,750.4 0.59 3,317.713.04
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 6,489.4 1.02 7,078.9-8.33
05 Products of animal origin, not elsewhere specified or included 20.2 0.00 10.1100.71
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 61.5 0.01 70.3-12.55
07 Edible vegetables and certain roots and tubers 4,228.3 0.66 3,914.48.02
08 Edible fruit and nuts; peel of citrus fruit or melons 10,952.7 1.71 9,400.216.52
09 Coffee, tea, maté and spices 1,913.4 0.30 2,617.9-26.91
10 Cereals 733.9 0.11 1,119.4-34.44
11 Products of the milling industry; malt; starches; inulin; wheat gluten 195.8 0.03 216.1-9.41
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 354.2 0.06 453.0-21.80
13 Lac; gums, resins and other vegetable saps and extracts 37.6 0.01 38.6-2.59
14 Vegetable plaiting materials; vegetable products not elsewhere specified or included 3.3 0.00 0.0
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 1,196.8 0.19 1,484.3-19.37
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 3,883.4 0.61 4,701.6-17.40
17 Sugars and sugar confectionery 975.2 0.15 728.533.87
18 Cocoa and cocoa preparations 1,190.5 0.19 1,371.8-13.22
19 Preparations of cereals, flour, starch or milk; bakers’ wares 12,425.1 1.94 13,764.0-9.73
20 Preparations of vegetables, fruit, nuts or other parts of plants 7,366.6 1.15 6,480.713.67
21 Miscellaneous edible preparations 9,785.0 1.53 9,679.21.09
22 Beverages, spirits and vinegar 14,994.8 2.35 13,262.413.06
23 Residues and waste from the food industries; prepared animal feed 2,963.1 0.46 3,481.6-14.89
24 Tobacco and manufactured tobacco substitutes 202.3 0.03 132.652.52
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 1,486.1 0.23 1,009.447.22
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 53,022.6 8.30 36,821.844.00
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 2,997.7 0.47 789.4279.76
29 Organic chemicals 325.9 0.05 542.6-39.94
30 Pharmaceutical products 7,627.0 1.19 6,044.626.18
31 Fertilizers 432.2 0.07 626.9-31.05
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 3,487.9 0.55 3,418.62.03
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 4,198.6 0.66 3,779.711.08
34 Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial waxes, prepared waxes, polishing or scouring preparations, candles and similar articles, modeling pastes, "dental waxes" and dental preparations with a basis of plaster 4,351.5 0.68 4,230.12.87
35 Albuminoidal substances; modified starches; glues; enzymes 208.7 0.03 172.121.25
36 Explosives; pyrotechnic products; matches; pyrophoric alloys; certain combustible preparations 32.2 0.01 68.0-52.66
37 Photographic or cinematographic goods 127.5 0.02 820.2-84.46
38 Miscellaneous chemical products 3,741.0 0.59 3,078.521.52
39 Plastics and articles thereof 11,450.8 1.79 11,540.0-0.77
40 Rubber and articles thereof 2,254.7 0.35 2,035.710.76
41 Raw hides and skins (other than furskins) and leather 6.0 0.00 0.0
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 609.8 0.10 495.723.02
43 Furskins and artificial fur; manufactures thereof 63.2 0.01 2.92,095.62
44 Wood and articles of wood; wood charcoal 6,387.4 1.00 5,577.614.52
45 Cork and articles of cork 0.0 0.00 15.1-100.00
46 Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork 21.2 0.00 6.2241.45
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 7,579.0 1.19 7,243.14.64
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 1,994.2 0.31 2,397.8-16.83
50 Silk 0.0 0.00 4.3-100.00
52 Cotton 21.7 0.00 6.2248.77
53 Other vegetable textile fibers; paper yarn and woven fabric of paper yarn 5.2 0.00 6.5-20.14
54 Man-made filaments 23.8 0.00 209.4-88.65
55 Man-made staple fibers 20.0 0.00 47.7-58.21
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 901.1 0.14 210.6327.93
57 Carpets and other textile floor coverings 1,092.6 0.17 1,083.90.81
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 28.3 0.00 35.7-20.59
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 178.9 0.03 60.7194.78
60 Knitted or crocheted fabrics 27.7 0.00 35.7-22.27
61 Articles of apparel and clothing accessories, knitted or crocheted 1,650.8 0.26 1,902.8-13.24
62 Articles of apparel and clothing accessories, not knitted or crocheted 1,381.6 0.22 968.842.61
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 1,884.9 0.30 1,827.23.16
64 Footwear, gaiters and the like; parts of such articles 2,037.9 0.32 2,733.9-25.46
65 Headgear and parts thereof 229.0 0.04 243.8-6.05
66 Umbrellas, sun umbrellas, walking sticks, seatsticks, whips, riding-crops and parts thereof 287.2 0.04 239.519.92
67 Prepared feathers and down and articles made of feathers or of down; artificial flowers; articles of human hair 106.9 0.02 57.187.31
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 2,337.9 0.37 3,673.3-36.35
69 Ceramic products 1,483.3 0.23 1,145.429.50
70 Glass and glassware 2,240.4 0.35 1,362.264.47
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 15,472.9 2.42 5,699.4171.48
72 Iron and steel 1,508.3 0.24 1,306.315.47
73 Articles of iron or steel 3,949.5 0.62 5,746.3-31.27
74 Copper and articles thereof 381.2 0.06 654.3-41.74
75 Nickel and articles thereof 3.1 0.00 18.1-83.07
76 Aluminum and articles thereof 3,555.1 0.56 4,312.4-17.56
78 Lead and articles thereof 29.3 0.00 3.7694.45
79 Zinc and articles thereof 0.0 0.00 9.8-100.00
80 Tin and articles thereof 5.5 0.00 5.42.04
81 Other base metals; cermets; articles thereof 37.0 0.01 89.8-58.76
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 412.0 0.06 517.1-20.31
83 Miscellaneous articles of base metal 1,327.5 0.21 1,091.121.67
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 46,690.5 7.31 48,742.6-4.21
85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 44,532.4 6.97 39,991.011.36
86 Railway or tramway locomotives, rolling-stock and parts thereof; railway or tramway track fixtures and fittings and parts thereof; mechanical (including electro-mechanical) traffic signalling equipment of all kinds 195.8 0.03 176.610.86
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 6,760.5 1.06 4,873.138.73
88 Aircraft, spacecraft, and parts thereof 154,449.9 24.18 157,968.2-2.23
89 Ships, boats and floating structures 10,559.7 1.65 11,546.2-8.54
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 25,994.0 4.07 23,750.79.45
91 Clocks and watches and parts thereof 2,042.3 0.32 2,446.3-16.52
92 Musical instruments; parts and accessories of such articles 64.2 0.01 107.5-40.25
93 Arms and ammunition; parts and accessories thereof 54.5 0.01 62.4-12.65
94 Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings 17,374.7 2.72 16,850.93.11
95 Toys, games and sports requisites; parts and accessories thereof 3,555.1 0.56 3,330.76.74
96 Miscellaneous manufactured articles 1,212.4 0.19 1,484.7-18.34
97 Works of art, collectors’ pieces and antiques 1,881.9 0.29 2,974.7-36.74
99 Commodities not specified according to kind 66,485.5 10.41 58,000.314.63

US Imports from Bermuda

The major share of US imports from Bermuda in 2016 (and in 2015) was accounted for the following product types:

  • Food products and agricultural raw materials (HS codes 01-24) - 10.07% of US total imports from Bermuda (2.07% in 2015);
  • Machinery, equipment and vehicles (HS codes 84-90) - 9.67% of US total imports from Bermuda (0.53% in 2015);
  • Precious metals and stones (HS code 71) - 2.75% of US total imports from Bermuda (0.97% in 2015);
  • Metals and products from them (HS codes 72-83) - 2.08% of US total imports from Bermuda (0.29% in 2015).

The largest gains in US imports from Bermuda in 2016 over 2015 were recorded for the following product groups:

  • Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles (HS code 85) - an increase of $1,576.7 thousand;
  • Beverages, spirits and vinegar (HS code 22) - an increase of $280.9 thousand;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $184.1 thousand;
  • Copper and articles thereof (HS code 74) - an increase of $111.9 thousand;
  • Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans (HS code 49) - an increase of $107.0 thousand;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $98.8 thousand.

The largest declines in US imports from Bermuda in 2016 over the 2015 were recorded for the following product groups:

  • Commodities not specified according to kind (HS code 99) - a decrease of $85,714.4 thousand;
  • Works of art, collectors’ pieces and antiques (HS code 97) - a decrease of $365.2 thousand;
  • Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin (HS code 71) - a decrease of $364.0 thousand.
US imports from Bermuda in 2016 by product groups
HS
code
Name of product group Value
of imports
in 2016
(USD thousand)
Share
in total import
(%)
Value
of imports
in 2015
USD thousand)
Change
in 2016
over 2015
(%)
01 Live animals 95.6 0.38 70.036.57
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 0.0 0.00 29.2-100.00
19 Preparations of cereals, flour, starch or milk; bakers’ wares 2.0 0.01 0.0
22 Beverages, spirits and vinegar 2,442.8 9.69 2,161.912.99
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 2.4 0.01 0.0
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 4.6 0.02 0.0
34 Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial waxes, prepared waxes, polishing or scouring preparations, candles and similar articles, modeling pastes, "dental waxes" and dental preparations with a basis of plaster 0.0 0.00 3.5-100.00
38 Miscellaneous chemical products 24.5 0.10 22.011.15
39 Plastics and articles thereof 2.3 0.01 0.0
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 0.0 0.00 1.1-100.00
44 Wood and articles of wood; wood charcoal 46.3 0.18 0.0
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 23.3 0.09 12.094.24
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 132.5 0.53 25.4421.14
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 0.0 0.00 1.5-100.00
57 Carpets and other textile floor coverings 31.0 0.12 0.0
61 Articles of apparel and clothing accessories, knitted or crocheted 0.8 0.00 1.1-29.58
62 Articles of apparel and clothing accessories, not knitted or crocheted 3.9 0.02 5.9-34.41
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 11.9 0.05 4.9142.18
64 Footwear, gaiters and the like; parts of such articles 7.6 0.03 0.0
65 Headgear and parts thereof 1.7 0.01 0.0
69 Ceramic products 2.7 0.01 6.5-57.97
70 Glass and glassware 21.5 0.09 35.3-39.20
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 693.5 2.75 1,057.5-34.42
72 Iron and steel 130.7 0.52 79.464.55
74 Copper and articles thereof 282.5 1.12 170.665.59
76 Aluminum and articles thereof 76.4 0.30 49.853.45
78 Lead and articles thereof 28.1 0.11 15.086.83
83 Miscellaneous articles of base metal 7.4 0.03 0.0
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 270.1 1.07 86.0214.01
85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 1,825.7 7.24 249.0633.33
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 30.8 0.12 42.4-27.44
89 Ships, boats and floating structures 10.2 0.04 0.0
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 301.3 1.20 202.648.76
91 Clocks and watches and parts thereof 4.0 0.02 6.3-36.90
92 Musical instruments; parts and accessories of such articles 4.2 0.02 0.0
94 Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings 3.9 0.02 20.5-80.81
95 Toys, games and sports requisites; parts and accessories thereof 9.5 0.04 0.0
97 Works of art, collectors’ pieces and antiques 689.5 2.73 1,054.7-34.62
99 Commodities not specified according to kind 17,991.1 71.35 103,705.5-82.65
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce