US trade (export - import) with Bermuda in 2018

Published or Updated: Jun 04, 2019

The report on US foreign trade in goods with Bermuda in 2018: exports, imports, balance, product types and groups, dynamics.

US Trade with Bermuda

In 2018, US trade with Bermuda was $640.1 million, down 11.75% ($85.3 million) from 2017.

US exports to Bermuda in 2018 were $621.2 million, down 10.08% ($69.7 million) from 2017.

US imports from Bermuda in 2018 were $18.8 million, down 45.31% ($15.6 million) from 2017.

US trade surplus with Bermuda in 2018 was $602.4 million, a 8.23% decrease ($54.0 million) over 2017.

Bermuda was the US 112th largest trading partner in 2018 (down from 104th in 2017), accounting for 0.0150% of US total trade (down from 0.0183% in 2017).

Bermuda was the US 90th largest export market in 2018 (down from 86th in 2017), accounting for 0.0373% of US total exports (down from 0.0447% in 2017).

Bermuda was the US 158th largest supplier in 2018 (down from 153rd in 2017), accounting for 0.0007% of US total imports (down from 0.0014% in 2017).

US Exports to Bermuda

The major share of US exports to Bermuda in 2018 (and in 2017) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 33.44% of US total exports to Bermuda (37.37% in 2017);
  • Food products and agricultural raw materials (HS codes 01-24) - 17.16% of US total exports to Bermuda (16.55% in 2017);
  • Mineral products (HS codes 25-27) - 14.89% of US total exports to Bermuda (15.55% in 2017);
  • Chemical products (HS codes 28-40) - 7.63% of US total exports to Bermuda (6.24% in 2017);
  • Wood and wood products (HS codes 44-49) - 2.71% of US total exports to Bermuda (2.44% in 2017);
  • Metals and products from them (HS codes 72-83) - 2.44% of US total exports to Bermuda (2.31% in 2017);
  • Precious metals and stones (HS code 71) - 1.88% of US total exports to Bermuda (1.16% in 2017);
  • Textiles, textile products and footwear (HS codes 50-67) - 1.62% of US total exports to Bermuda (1.72% in 2017).

The largest gains in US exports to Bermuda in 2018 over 2017 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 $6.6 million;
  • Pharmaceutical products (HS code 30) - an increase of $4.0 million;
  • 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 $3.6 million;
  • Works of art, collectors’ pieces and antiques (HS code 97) - an increase of $3.5 million;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $3.2 million.

The largest declines in US exports to Bermuda in 2018 over 2017 were recorded for the following product groups:

  • Aircraft, spacecraft, and parts thereof (HS code 88) - a decrease of $41.1 million;
  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - a decrease of $15.7 million;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $10.6 million;
  • Ships, boats and floating structures (HS code 89) - a decrease of $6.1 million;
  • 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 (HS code 94) - a decrease of $4.1 million;
  • Beverages, spirits and vinegar (HS code 22) - a decrease of $2.8 million;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - a decrease of $2.4 million;
  • Meat and edible meat offal (HS code 02) - a decrease of $2.3 million;
  • Other made up textile articles; sets; worn clothing and worn textile articles; rags (HS code 63) - a decrease of $2.2 million.
US exports to Bermuda in 2018 by product groups
HS
code
Name of product group Value
of exports
in 2018
(USD thousand)
Share
in total export
(%)
Value
of exports
in 2017
(USD thousand)
Change
in 2018
over 2017
(%)
01 Live animals 13.6 0.00 5.0171.37
02 Meat and edible meat offal 19,504.4 3.14 21,807.5-10.56
03 Fish and crustaceans, molluscs and other aquatic invertebrates 4,516.7 0.73 4,966.3-9.05
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 7,979.7 1.28 7,596.85.04
05 Products of animal origin, not elsewhere specified or included 43.0 0.01 17.0152.71
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 56.2 0.01 51.78.63
07 Edible vegetables and certain roots and tubers 4,419.7 0.71 4,705.5-6.07
08 Edible fruit and nuts; peel of citrus fruit or melons 11,557.5 1.86 12,391.0-6.73
09 Coffee, tea, maté and spices 2,444.1 0.39 2,837.1-13.85
10 Cereals 696.6 0.11 740.3-5.90
11 Products of the milling industry; malt; starches; inulin; wheat gluten 190.3 0.03 163.116.68
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 399.7 0.06 379.15.43
13 Lac; gums, resins and other vegetable saps and extracts 39.3 0.01 21.483.85
14 Vegetable plaiting materials; vegetable products not elsewhere specified or included 8.1 0.00 7.92.17
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 1,876.5 0.30 1,491.525.82
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 3,410.0 0.55 3,620.4-5.81
17 Sugars and sugar confectionery 1,307.4 0.21 983.532.94
18 Cocoa and cocoa preparations 1,196.7 0.19 1,384.9-13.59
19 Preparations of cereals, flour, starch or milk; bakers’ wares 10,443.2 1.68 11,086.8-5.81
20 Preparations of vegetables, fruit, nuts or other parts of plants 7,071.1 1.14 7,594.5-6.89
21 Miscellaneous edible preparations 10,903.0 1.76 10,766.31.27
22 Beverages, spirits and vinegar 15,218.2 2.45 17,987.2-15.39
23 Residues and waste from the food industries; prepared animal feed 3,066.0 0.49 2,980.12.88
24 Tobacco and manufactured tobacco substitutes 240.4 0.04 725.4-66.86
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 2,217.4 0.36 1,403.857.96
26 Ores, slag and ash 0.0 0.00 10.5-100.00
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 90,278.2 14.53 106,001.5-14.83
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 1,517.9 0.24 1,265.219.98
29 Organic chemicals 482.0 0.08 498.8-3.36
30 Pharmaceutical products 14,515.8 2.34 10,534.737.79
31 Fertilizers 406.8 0.07 557.2-26.99
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 3,305.1 0.53 3,475.5-4.90
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 4,115.6 0.66 4,459.4-7.71
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 4,421.2 0.71 4,449.9-0.65
35 Albuminoidal substances; modified starches; glues; enzymes 262.6 0.04 185.541.56
36 Explosives; pyrotechnic products; matches; pyrophoric alloys; certain combustible preparations 56.7 0.01 92.9-38.94
37 Photographic or cinematographic goods 344.2 0.06 256.034.43
38 Miscellaneous chemical products 3,398.5 0.55 3,679.0-7.62
39 Plastics and articles thereof 12,655.1 2.04 11,454.710.48
40 Rubber and articles thereof 1,908.5 0.31 2,197.1-13.14
41 Raw hides and skins (other than furskins) and leather 3.3 0.00 86.0-96.19
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 807.7 0.13 613.431.67
43 Furskins and artificial fur; manufactures thereof 5.5 0.00 50.2-89.13
44 Wood and articles of wood; wood charcoal 5,793.9 0.93 6,144.8-5.71
45 Cork and articles of cork 14.6 0.00 0.0
46 Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork 13.8 0.00 0.0
47 Pulp of wood or of other fibrous cellulosic material; waste and scrap of paper or paperboard 0.0 0.00 3.8-100.00
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 8,632.0 1.39 8,214.95.08
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 2,371.0 0.38 2,476.7-4.27
50 Silk 10.2 0.00 3.6185.13
51 Wool, fine or coarse animal hair; horsehair yarn and woven fabric 4.2 0.00 0.0
52 Cotton 37.7 0.01 39.7-5.14
53 Other vegetable textile fibers; paper yarn and woven fabric of paper yarn 12.8 0.00 19.6-35.07
54 Man-made filaments 56.4 0.01 45.823.12
55 Man-made staple fibers 42.0 0.01 73.6-42.96
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 278.1 0.04 212.930.64
57 Carpets and other textile floor coverings 1,149.5 0.19 1,208.6-4.89
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 80.0 0.01 97.4-17.92
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 36.6 0.01 45.3-19.30
60 Knitted or crocheted fabrics 7.3 0.00 16.9-56.66
61 Articles of apparel and clothing accessories, knitted or crocheted 1,856.7 0.30 2,053.4-9.58
62 Articles of apparel and clothing accessories, not knitted or crocheted 2,148.2 0.35 1,416.351.68
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 1,619.3 0.26 3,868.9-58.15
64 Footwear, gaiters and the like; parts of such articles 2,207.5 0.36 2,213.0-0.25
65 Headgear and parts thereof 225.9 0.04 255.6-11.59
66 Umbrellas, sun umbrellas, walking sticks, seatsticks, whips, riding-crops and parts thereof 204.1 0.03 209.0-2.31
67 Prepared feathers and down and articles made of feathers or of down; artificial flowers; articles of human hair 73.0 0.01 90.8-19.51
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 2,308.3 0.37 2,223.13.83
69 Ceramic products 1,427.9 0.23 1,621.8-11.96
70 Glass and glassware 2,914.6 0.47 2,114.137.86
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 11,661.5 1.88 8,045.344.95
72 Iron and steel 2,030.2 0.33 1,762.015.23
73 Articles of iron or steel 5,518.9 0.89 6,574.3-16.05
74 Copper and articles thereof 424.9 0.07 652.5-34.88
75 Nickel and articles thereof 9.8 0.00 21.6-54.81
76 Aluminum and articles thereof 4,293.1 0.69 4,399.3-2.41
78 Lead and articles thereof 10.9 0.00 3.6202.28
79 Zinc and articles thereof 11.1 0.00 9.319.38
80 Tin and articles thereof 24.7 0.00 2.6836.43
81 Other base metals; cermets; articles thereof 4.9 0.00 2.687.13
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 1,058.6 0.17 646.263.82
83 Miscellaneous articles of base metal 1,769.0 0.28 1,862.1-5.00
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 52,975.1 8.53 49,818.36.34
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 46,786.1 7.53 40,146.616.54
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 171.3 0.03 271.2-36.82
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 8,170.3 1.32 10,595.6-22.89
88 Aircraft, spacecraft, and parts thereof 75,849.8 12.21 116,905.6-35.12
89 Ships, boats and floating structures 5,357.2 0.86 11,427.3-53.12
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 18,404.9 2.96 29,035.3-36.61
91 Clocks and watches and parts thereof 1,552.7 0.25 3,280.6-52.67
92 Musical instruments; parts and accessories of such articles 81.1 0.01 89.3-9.27
93 Arms and ammunition; parts and accessories thereof 42.5 0.01 63.4-32.97
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 17,605.9 2.83 21,753.5-19.07
95 Toys, games and sports requisites; parts and accessories thereof 2,796.4 0.45 2,377.517.62
96 Miscellaneous manufactured articles 1,384.5 0.22 1,716.8-19.36
97 Works of art, collectors’ pieces and antiques 4,841.7 0.78 1,379.6250.95
99 Commodities not specified according to kind 77,578.8 12.49 77,805.1-0.29

US Imports from Bermuda

The major share of US imports from Bermuda in 2018 (and in 2017) was accounted for the following product types:

  • Food products and agricultural raw materials (HS codes 01-24) - 13.95% of US total imports from Bermuda (6.73% in 2017);
  • Machinery, equipment and vehicles (HS codes 84-90) - 2.31% of US total imports from Bermuda (8.79% in 2017);
  • Metals and products from them (HS codes 72-83) - 2.28% of US total imports from Bermuda (2.81% in 2017);
  • Precious metals and stones (HS code 71) - 1.04% of US total imports from Bermuda (0.57% in 2017).

The largest gains in US imports from Bermuda in 2018 over 2017 were recorded for the following product groups:

  • Works of art, collectors’ pieces and antiques (HS code 97) - an increase of $1.4 million;
  • Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - an increase of $0.7 million;
  • Other made up textile articles; sets; worn clothing and worn textile articles; rags (HS code 63) - an increase of $0.1 million;
  • Lead and articles thereof (HS code 78) - an increase of $0.1 million;
  • Articles of stone, plaster, cement, asbestos, mica or similar materials (HS code 68) - an increase of $0.1 million;
  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - an increase of $0.1 million.

The largest declines in US imports from Bermuda in 2018 over the 2017 were recorded for the following product groups:

  • Commodities not specified according to kind (HS code 99) - a decrease of $14.1 million;
  • 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) - a decrease of $1.3 million;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $1.0 million;
  • Beverages, spirits and vinegar (HS code 22) - a decrease of $0.5 million;
  • Aluminum and articles thereof (HS code 76) - a decrease of $0.3 million;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $0.2 million;
  • Plastics and articles thereof (HS code 39) - a decrease of $0.2 million;
  • Articles of iron or steel (HS code 73) - a decrease of $0.2 million;
  • Copper and articles thereof (HS code 74) - a decrease of $0.1 million;
  • Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans (HS code 49) - a decrease of $0.1 million;
  • Iron and steel (HS code 72) - a decrease of $0.1 million.
US imports from Bermuda in 2018 by product groups
HS
code
Name of product group Value
of imports
in 2018
(USD thousand)
Share
in total import
(%)
Value
of imports
in 2017
USD thousand)
Change
in 2018
over 2017
(%)
01 Live animals 137.4 0.73 81.568.53
03 Fish and crustaceans, molluscs and other aquatic invertebrates 697.4 3.70 0.0
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 0.0 0.00 3.3-100.00
14 Vegetable plaiting materials; vegetable products not elsewhere specified or included 15.9 0.08 0.0
19 Preparations of cereals, flour, starch or milk; bakers’ wares 0.0 0.00 4.5-100.00
22 Beverages, spirits and vinegar 1,778.3 9.44 2,229.9-20.25
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 88.8 0.47 30.4191.65
30 Pharmaceutical products 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 3.1-100.00
38 Miscellaneous chemical products 26.3 0.14 33.2-20.88
39 Plastics and articles thereof 0.0 0.00 214.9-100.00
40 Rubber and articles thereof 0.3 0.00 7.4-95.83
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 10.6-100.00
44 Wood and articles of wood; wood charcoal 10.3 0.05 0.0
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 0.0 0.00 78.6-100.00
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 0.4 0.00 0.8-52.91
62 Articles of apparel and clothing accessories, not knitted or crocheted 1.1 0.01 1.05.95
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 111.9 0.59 8.51,214.05
64 Footwear, gaiters and the like; parts of such articles 0.0 0.00 1.3-100.00
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 58.9 0.31 0.0
69 Ceramic products 3.4 0.02 11.6-70.96
70 Glass and glassware 4.0 0.02 14.9-73.33
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 196.7 1.04 196.00.39
72 Iron and steel 0.0 0.00 69.3-100.00
73 Articles of iron or steel 0.0 0.00 174.4-100.00
74 Copper and articles thereof 201.8 1.07 288.9-30.14
76 Aluminum and articles thereof 91.8 0.49 359.4-74.46
78 Lead and articles thereof 135.5 0.72 71.390.14
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 0.0 0.00 5.4-100.00
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 102.1 0.54 1,135.8-91.01
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 141.9 0.75 1,486.3-90.46
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 42.2 0.22 23.579.57
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 2.6 0.01 13.8-80.96
89 Ships, boats and floating structures 22.2 0.12 21.24.99
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 123.4 0.65 347.3-64.47
91 Clocks and watches and parts thereof 0.0 0.00 4.2-100.00
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 0.9 0.00 18.4-95.12
97 Works of art, collectors’ pieces and antiques 1,614.7 8.57 220.4632.50
99 Commodities not specified according to kind 13,226.0 70.20 27,279.8-51.52
trtd
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce