US trade with Bermuda in the 1st quarter of 2017

Published or Updated: Jul 21, 2017

The report on US foreign trade in goods with Bermuda in the 1st quarter of 2017: exports, imports, balance, product types and groups, dynamics.

US Trade with Bermuda

In the 1st quarter of 2017, US trade with Bermuda totaled $185.0 million, up 71.51% ($77.1 million) from the 1st quarter of 2016.

US exports to Bermuda in the 1st quarter of 2017 totaled $179.9 million, up 73.65% ($76.3 million) from the 1st quarter of 2016.

US imports from Bermuda in the 1st quarter of 2017 totaled $5.1 million, up 19.35% ($0.8 million) from the 1st quarter of 2016.

US trade surplus with Bermuda in the 1st quarter of 2017 was $174.9 million, a 75.96% increase ($75.5 million) over the 1st quarter of 2016.

Bermuda was the US 100th largest trading partner in the 1st quarter of 2017 (up from 109th in the 1st quarter of 2016), accounting for 0.0197% of US total trade (up from 0.0123% in the 1st quarter of 2016).

Bermuda was the US 83rd largest export market in the 1st quarter of 2017 (up from 94th in the 1st quarter of 2016), accounting for 0.0483% of US total exports (up from 0.0298% in the 1st quarter of 2016).

Bermuda was the US 152nd largest supplier in the 1st quarter of 2017 (up from 154th in the 1st quarter of 2016), accounting for 0.0009% of US total imports (up from 0.0008% in the 1st quarter of 2016).

US Exports to Bermuda

The major share of US exports to Bermuda in the 1st quarter of 2017 (and in the 1st quarter of 2016) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 56.80% of US total exports to Bermuda (28.91% in the 1st quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 15.07% of US total exports to Bermuda (22.54% in the 1st quarter of 2016);
  • Chemical products (HS codes 28-40) - 6.01% of US total exports to Bermuda (9.27% in the 1st quarter of 2016);
  • Wood and wood products (HS codes 44-49) - 2.38% of US total exports to Bermuda (3.62% in the 1st quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 1.95% of US total exports to Bermuda (2.88% in the 1st quarter of 2016);
  • Textiles, textile products and footwear (HS codes 50-67) - 1.77% of US total exports to Bermuda (2.39% in the 1st quarter of 2016);
  • Mineral products (HS codes 25-27) - 1.57% of US total exports to Bermuda (6.76% in the 1st quarter of 2016);
  • Precious metals and stones (HS code 71) - 0.36% of US total exports to Bermuda (2.16% in the 1st quarter of 2016).

The largest gains in US exports to Bermuda in the 1st quarter of 2017 over the 1st quarter of 2016 were recorded for the following product groups:

  • Aircraft, spacecraft, and parts thereof (HS code 88) - an increase of $56.6 million;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $4.8 million;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $4.1 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) - an increase of $4.0 million;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - an increase of $2.1 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) - an increase of $1.5 million;
  • Beverages, spirits and vinegar (HS code 22) - an increase of $1.2 million;
  • Pharmaceutical products (HS code 30) - an increase of $0.7 million;
  • Ships, boats and floating structures (HS code 89) - an increase of $0.7 million;
  • Meat and edible meat offal (HS code 02) - an increase of $0.6 million;
  • Articles of iron or steel (HS code 73) - an increase of $0.6 million.

The largest declines in US exports to Bermuda in the 1st quarter of 2017 over the 1st quarter of 2016 were recorded for the following product groups:

  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - a decrease of $4.3 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) - a decrease of $1.6 million.
US exports to Bermuda in the 1st quarter of 2017 by product groups
HS
code
Name of product group Value
of exports
in Q1 2017
(USD thousand)
Share
in total export
(%)
Value
of exports
in Q1 2016
(USD thousand)
Change
in Q1 2017
over Q1 2016
(%)
02 Meat and edible meat offal 4,997.2 2.78 4,357.714.68
03 Fish and crustaceans, molluscs and other aquatic invertebrates 1,138.6 0.63 706.961.06
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 1,811.6 1.01 1,450.924.86
05 Products of animal origin, not elsewhere specified or included 3.4 0.00 3.19.27
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 17.5 0.01 15.711.59
07 Edible vegetables and certain roots and tubers 1,192.6 0.66 960.224.19
08 Edible fruit and nuts; peel of citrus fruit or melons 2,814.7 1.56 2,372.018.67
09 Coffee, tea, maté and spices 639.9 0.36 580.410.25
10 Cereals 210.9 0.12 192.29.73
11 Products of the milling industry; malt; starches; inulin; wheat gluten 39.7 0.02 58.2-31.86
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 99.2 0.06 105.3-5.85
13 Lac; gums, resins and other vegetable saps and extracts 4.4 0.00 3.046.20
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 313.9 0.17 253.823.68
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 772.7 0.43 1,070.7-27.83
17 Sugars and sugar confectionery 211.4 0.12 191.310.52
18 Cocoa and cocoa preparations 492.4 0.27 337.246.04
19 Preparations of cereals, flour, starch or milk; bakers’ wares 2,510.2 1.40 2,726.7-7.94
20 Preparations of vegetables, fruit, nuts or other parts of plants 1,911.9 1.06 1,788.76.89
21 Miscellaneous edible preparations 2,694.4 1.50 2,288.517.74
22 Beverages, spirits and vinegar 4,261.9 2.37 3,088.637.99
23 Residues and waste from the food industries; prepared animal feed 768.6 0.43 778.1-1.22
24 Tobacco and manufactured tobacco substitutes 207.9 0.12 29.8597.93
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 303.7 0.17 221.237.31
26 Ores, slag and ash 10.5 0.01 0.0
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 2,518.5 1.40 6,785.9-62.89
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 278.6 0.15 233.119.53
29 Organic chemicals 115.2 0.06 148.0-22.20
30 Pharmaceutical products 2,644.0 1.47 1,926.837.22
31 Fertilizers 168.7 0.09 121.339.10
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 948.2 0.53 928.82.08
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 913.2 0.51 868.75.12
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 968.3 0.54 979.4-1.14
35 Albuminoidal substances; modified starches; glues; enzymes 33.6 0.02 22.151.90
36 Explosives; pyrotechnic products; matches; pyrophoric alloys; certain combustible preparations 30.8 0.02 11.2175.34
37 Photographic or cinematographic goods 28.7 0.02 0.0
38 Miscellaneous chemical products 958.9 0.53 1,000.3-4.14
39 Plastics and articles thereof 3,154.0 1.75 2,868.59.95
40 Rubber and articles thereof 574.4 0.32 500.514.76
41 Raw hides and skins (other than furskins) and leather 13.0 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) 130.7 0.07 85.552.88
43 Furskins and artificial fur; manufactures thereof 3.6 0.00 0.0
44 Wood and articles of wood; wood charcoal 1,661.1 0.92 1,603.93.57
46 Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork 0.0 0.00 4.6-100.00
47 Pulp of wood or of other fibrous cellulosic material; waste and scrap of paper or paperboard 3.8 0.00 0.0
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 2,195.5 1.22 1,765.724.34
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 415.6 0.23 378.49.81
52 Cotton 0.0 0.00 14.6-100.00
53 Other vegetable textile fibers; paper yarn and woven fabric of paper yarn 16.4 0.01 5.2217.36
54 Man-made filaments 0.0 0.00 11.6-100.00
55 Man-made staple fibers 23.6 0.01 10.4126.80
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 43.2 0.02 107.2-59.72
57 Carpets and other textile floor coverings 339.2 0.19 387.9-12.55
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 35.8 0.02 14.0154.72
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 6.2 0.00 23.5-73.64
60 Knitted or crocheted fabrics 8.9 0.00 0.0
61 Articles of apparel and clothing accessories, knitted or crocheted 567.7 0.32 593.4-4.33
62 Articles of apparel and clothing accessories, not knitted or crocheted 354.2 0.20 220.660.58
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 904.3 0.50 615.746.87
64 Footwear, gaiters and the like; parts of such articles 674.1 0.37 351.391.90
65 Headgear and parts thereof 105.5 0.06 50.1110.61
66 Umbrellas, sun umbrellas, walking sticks, seatsticks, whips, riding-crops and parts thereof 79.2 0.04 46.371.20
67 Prepared feathers and down and articles made of feathers or of down; artificial flowers; articles of human hair 25.4 0.01 24.44.46
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 577.5 0.32 493.417.05
69 Ceramic products 490.2 0.27 452.78.27
70 Glass and glassware 571.4 0.32 716.7-20.27
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 653.2 0.36 2,236.2-70.79
72 Iron and steel 341.2 0.19 459.3-25.71
73 Articles of iron or steel 1,420.8 0.79 855.266.14
74 Copper and articles thereof 99.7 0.06 91.49.19
75 Nickel and articles thereof 4.1 0.00 0.0
76 Aluminum and articles thereof 970.0 0.54 1,079.3-10.12
78 Lead and articles thereof 0.0 0.00 20.6-100.00
80 Tin and articles thereof 0.0 0.00 5.5-100.00
81 Other base metals; cermets; articles thereof 2.6 0.00 27.7-90.48
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 188.4 0.10 117.160.92
83 Miscellaneous articles of base metal 488.3 0.27 330.247.88
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 15,268.5 8.49 11,176.036.62
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 12,046.7 6.69 8,094.948.82
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 92.5 0.05 34.0172.23
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 3,226.4 1.79 1,162.7177.49
88 Aircraft, spacecraft, and parts thereof 58,589.2 32.56 1,962.32,885.72
89 Ships, boats and floating structures 3,492.6 1.94 2,820.423.84
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 9,495.5 5.28 4,708.7101.66
91 Clocks and watches and parts thereof 496.0 0.28 421.517.66
92 Musical instruments; parts and accessories of such articles 0.0 0.00 9.8-100.00
93 Arms and ammunition; parts and accessories thereof 39.9 0.02 5.1679.78
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 5,646.3 3.14 4,116.737.16
95 Toys, games and sports requisites; parts and accessories thereof 480.3 0.27 701.8-31.56
96 Miscellaneous manufactured articles 413.1 0.23 336.422.82
97 Works of art, collectors’ pieces and antiques 590.0 0.33 1,072.5-44.99

US Imports from Bermuda

The major share of US imports from Bermuda in the 1st quarter of 2017 (and in the 1st quarter of 2016) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 26.94% of US total imports from Bermuda (6.38% in the 1st quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 7.84% of US total imports from Bermuda (15.54% in the 1st quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 2.79% of US total imports from Bermuda (3.00% in the 1st quarter of 2016);
  • Precious metals and stones (HS code 71) - 2.31% of US total imports from Bermuda (3.81% in the 1st quarter of 2016);
  • Wood and wood products (HS codes 44-49) - 0.88% of US total imports from Bermuda (1.70% in the 1st quarter of 2016).

The largest gains in US imports from Bermuda in the 1st quarter of 2017 over the 1st quarter of 2016 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 $1.3 million;
  • Copper and articles thereof (HS code 74) - an increase of $0.1 million.

The largest declines in US imports from Bermuda in the 1st quarter of 2017 over the 1st quarter of 2016 were recorded for the following product groups:

  • Beverages, spirits and vinegar (HS code 22) - a decrease of $0.2 million;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $0.2 million;
  • Works of art, collectors’ pieces and antiques (HS code 97) - a decrease of $0.1 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) - a decrease of $0.0 million;
  • Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans (HS code 49) - a decrease of $0.0 million;
  • Aluminum and articles thereof (HS code 76) - a decrease of $0.0 million;
  • Live animals (HS code 01) - a decrease of $0.0 million;
  • Lead and articles thereof (HS code 78) - a decrease of $0.0 million.
US imports from Bermuda in the 1st quarter of 2017 by product groups
HS
code
Name of product group Value
of imports
in Q1 2017
(USD thousand)
Share
in total import
(%)
Value
of imports
in Q1 2016
(USD thousand)
Change
in Q1 2017
over Q1 2016
(%)
01 Live animals 0.0 0.00 18.5-100.00
22 Beverages, spirits and vinegar 396.7 7.84 640.6-38.08
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 0.0 0.00 2.4-100.00
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 0.0 0.00 4.6-100.00
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 3.1 0.06 0.0
38 Miscellaneous chemical products 11.8 0.23 4.9141.21
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 44.8 0.88 72.0-37.85
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 0.8 0.01 0.0
61 Articles of apparel and clothing accessories, knitted or crocheted 0.0 0.00 0.3-100.00
62 Articles of apparel and clothing accessories, not knitted or crocheted 0.0 0.00 0.8-100.00
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 1.9 0.04 6.4-70.65
64 Footwear, gaiters and the like; parts of such articles 0.0 0.00 0.7-100.00
69 Ceramic products 0.0 0.00 2.7-100.00
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 117.1 2.31 161.6-27.55
72 Iron and steel 30.1 0.59 32.8-8.36
74 Copper and articles thereof 98.4 1.94 42.2133.24
76 Aluminum and articles thereof 12.8 0.25 36.9-65.34
78 Lead and articles thereof 0.0 0.00 15.5-100.00
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 37.1 0.73 222.7-83.34
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 1,317.5 26.02 36.13,551.93
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 0.0 0.00 8.6-100.00
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 9.4 0.19 3.5171.54
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 0.0 0.00 0.7-100.00
95 Toys, games and sports requisites; parts and accessories thereof 0.0 0.00 9.5-100.00
97 Works of art, collectors’ pieces and antiques 26.9 0.53 157.3-82.92
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce