US trade with Bermuda in the 2nd quarter of 2017

Published or Updated: Sep 07, 2017

The report on US foreign trade in goods with Bermuda in the 2nd quarter of 2017: exports, imports, balance, product types and groups, dynamics.

US Trade with Bermuda

In the 2nd quarter of 2017, US trade with Bermuda was $164.4 million, down 40.18% ($110.4 million) from the 2nd quarter of 2016.

US exports to Bermuda in the 2nd quarter of 2017 were $157.2 million, down 41.07% ($109.6 million) from the 2nd quarter of 2016.

US imports from Bermuda in the 2nd quarter of 2017 were $7.2 million, down 10.47% ($0.8 million) from the 2nd quarter of 2016.

US trade surplus with Bermuda in the 2nd quarter of 2017 was $150.0 million, a 42.03% decrease ($108.7 million) over the 2nd quarter of 2016.

Bermuda was the US 107th largest trading partner in the 2nd quarter of 2017 (down from 93rd in the 2nd quarter of 2016), accounting for 0.0167% of US total trade (down from 0.0297% in the 2nd quarter of 2016).

Bermuda was the US 87th largest export market in the 2nd quarter of 2017 (down from 75th in the 2nd quarter of 2016), accounting for 0.0409% of US total exports (down from 0.0734% in the 2nd quarter of 2016).

Bermuda was the US 148th largest supplier in the 2nd quarter of 2017 (up from 150th in the 2nd quarter of 2016), accounting for 0.0012% of US total imports (down from 0.0014% in the 2nd quarter of 2016).

US Exports to Bermuda

The major share of US exports to Bermuda in the 2nd quarter of 2017 (and in the 2nd quarter of 2016) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 27.20% of US total exports to Bermuda (59.96% in the 2nd quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 20.07% of US total exports to Bermuda (9.88% in the 2nd quarter of 2016);
  • Mineral products (HS codes 25-27) - 14.35% of US total exports to Bermuda (9.21% in the 2nd quarter of 2016);
  • Chemical products (HS codes 28-40) - 6.85% of US total exports to Bermuda (3.72% in the 2nd quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 3.42% of US total exports to Bermuda (0.92% in the 2nd quarter of 2016);
  • Wood and wood products (HS codes 44-49) - 3.20% of US total exports to Bermuda (1.52% in the 2nd quarter of 2016);
  • Textiles, textile products and footwear (HS codes 50-67) - 2.96% of US total exports to Bermuda (1.06% in the 2nd quarter of 2016);
  • Precious metals and stones (HS code 71) - 2.70% of US total exports to Bermuda (2.99% in the 2nd quarter of 2016).

The largest gains in US exports to Bermuda in the 2nd quarter of 2017 over the 2nd 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 $3.4 million;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - an increase of $3.3 million;
  • Ships, boats and floating structures (HS code 89) - an increase of $2.9 million;
  • Articles of iron or steel (HS code 73) - an increase of $2.3 million;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $2.0 million;
  • Beverages, spirits and vinegar (HS code 22) - an increase of $1.9 million;
  • Other made up textile articles; sets; worn clothing and worn textile articles; rags (HS code 63) - an increase of $1.7 million;
  • Meat and edible meat offal (HS code 02) - an increase of $1.2 million;
  • Clocks and watches and parts thereof (HS code 91) - an increase of $1.1 million;
  • Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans (HS code 49) - an increase of $0.6 million;
  • Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included (HS code 04) - an increase of $0.5 million.

The largest declines in US exports to Bermuda in the 2nd quarter of 2017 over the 2nd quarter of 2016 were recorded for the following product groups:

  • Aircraft, spacecraft, and parts thereof (HS code 88) - a decrease of $128.5 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 $3.7 million;
  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - a decrease of $2.1 million.
US exports to Bermuda in the 2nd quarter of 2017 by product groups
HS
code
Name of product group Value
of exports
in Q2 2017
(USD thousand)
Share
in total export
(%)
Value
of exports
in Q2 2016
(USD thousand)
Change
in Q2 2017
over Q2 2016
(%)
01 Live animals 5.0 0.00 6.2-19.42
02 Meat and edible meat offal 5,823.7 3.70 4,647.625.30
03 Fish and crustaceans, molluscs and other aquatic invertebrates 1,462.3 0.93 1,119.730.60
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 2,083.3 1.33 1,581.031.77
05 Products of animal origin, not elsewhere specified or included 3.8 0.00 0.0
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 2.9 0.00 15.9-81.88
07 Edible vegetables and certain roots and tubers 1,031.0 0.66 1,035.5-0.44
08 Edible fruit and nuts; peel of citrus fruit or melons 3,194.3 2.03 2,778.614.96
09 Coffee, tea, maté and spices 604.5 0.38 356.269.69
10 Cereals 186.2 0.12 224.6-17.08
11 Products of the milling industry; malt; starches; inulin; wheat gluten 33.6 0.02 40.0-16.00
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 100.1 0.06 77.828.75
13 Lac; gums, resins and other vegetable saps and extracts 3.6 0.00 10.1-64.38
14 Vegetable plaiting materials; vegetable products not elsewhere specified or included 4.2 0.00 0.0
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 496.1 0.32 344.643.97
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 1,063.9 0.68 996.06.82
17 Sugars and sugar confectionery 303.1 0.19 337.3-10.13
18 Cocoa and cocoa preparations 285.2 0.18 262.48.69
19 Preparations of cereals, flour, starch or milk; bakers’ wares 3,079.6 1.96 3,158.8-2.51
20 Preparations of vegetables, fruit, nuts or other parts of plants 2,332.6 1.48 2,017.515.62
21 Miscellaneous edible preparations 3,033.0 1.93 2,821.97.48
22 Beverages, spirits and vinegar 5,733.3 3.65 3,791.851.20
23 Residues and waste from the food industries; prepared animal feed 640.7 0.41 666.5-3.87
24 Tobacco and manufactured tobacco substitutes 46.2 0.03 63.8-27.70
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 309.1 0.20 264.916.68
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 22,242.0 14.15 24,299.6-8.47
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 459.9 0.29 128.0259.31
29 Organic chemicals 107.3 0.07 52.7103.60
30 Pharmaceutical products 2,565.8 1.63 2,241.414.47
31 Fertilizers 89.2 0.06 111.3-19.82
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 930.3 0.59 925.20.55
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 1,145.5 0.73 1,057.18.36
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 1,117.3 0.71 872.828.00
35 Albuminoidal substances; modified starches; glues; enzymes 19.2 0.01 59.4-67.69
36 Explosives; pyrotechnic products; matches; pyrophoric alloys; certain combustible preparations 56.8 0.04 0.0
37 Photographic or cinematographic goods 104.1 0.07 22.7359.09
38 Miscellaneous chemical products 952.3 0.61 966.3-1.45
39 Plastics and articles thereof 2,749.2 1.75 3,046.9-9.77
40 Rubber and articles thereof 471.7 0.30 449.64.93
41 Raw hides and skins (other than furskins) and leather 37.9 0.02 0.0
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 223.9 0.14 155.843.72
43 Furskins and artificial fur; manufactures thereof 0.0 0.00 50.0-100.00
44 Wood and articles of wood; wood charcoal 1,549.9 0.99 1,377.212.54
46 Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork 0.0 0.00 8.6-100.00
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 2,228.6 1.42 1,986.412.19
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 1,257.7 0.80 677.385.70
52 Cotton 39.7 0.03 0.0
53 Other vegetable textile fibers; paper yarn and woven fabric of paper yarn 3.2 0.00 0.0
54 Man-made filaments 31.5 0.02 0.0
55 Man-made staple fibers 3.1 0.00 5.0-38.16
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 55.2 0.04 50.59.20
57 Carpets and other textile floor coverings 243.5 0.15 235.53.40
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 41.5 0.03 6.7517.41
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 14.6 0.01 51.2-71.43
60 Knitted or crocheted fabrics 0.0 0.00 15.9-100.00
61 Articles of apparel and clothing accessories, knitted or crocheted 782.1 0.50 511.153.03
62 Articles of apparel and clothing accessories, not knitted or crocheted 447.1 0.28 462.3-3.27
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 2,342.5 1.49 599.5290.72
64 Footwear, gaiters and the like; parts of such articles 442.0 0.28 635.3-30.43
65 Headgear and parts thereof 92.0 0.06 91.30.74
66 Umbrellas, sun umbrellas, walking sticks, seatsticks, whips, riding-crops and parts thereof 86.9 0.06 126.3-31.17
67 Prepared feathers and down and articles made of feathers or of down; artificial flowers; articles of human hair 33.0 0.02 40.8-19.10
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 688.0 0.44 614.012.05
69 Ceramic products 518.3 0.33 462.312.12
70 Glass and glassware 364.3 0.23 612.5-40.52
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 4,245.3 2.70 7,978.1-46.79
72 Iron and steel 524.2 0.33 361.345.08
73 Articles of iron or steel 3,105.9 1.98 801.4287.54
74 Copper and articles thereof 164.1 0.10 41.6293.94
76 Aluminum and articles thereof 972.9 0.62 873.511.38
78 Lead and articles thereof 3.6 0.00 6.2-41.90
79 Zinc and articles thereof 5.1 0.00 0.0
80 Tin and articles thereof 2.6 0.00 0.0
81 Other base metals; cermets; articles thereof 0.0 0.00 2.8-100.00
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 176.8 0.11 87.1103.10
83 Miscellaneous articles of base metal 419.1 0.27 291.343.88
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 12,093.6 7.69 10,079.019.99
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 12,020.7 7.65 8,590.239.93
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 71.8 0.05 91.2-21.31
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 4,698.9 2.99 1,359.2245.71
88 Aircraft, spacecraft, and parts thereof 386.5 0.25 128,871.7-99.70
89 Ships, boats and floating structures 6,088.4 3.87 3,151.493.20
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 7,404.4 4.71 7,822.1-5.34
91 Clocks and watches and parts thereof 2,062.3 1.31 926.9122.48
92 Musical instruments; parts and accessories of such articles 62.0 0.04 0.0
93 Arms and ammunition; parts and accessories thereof 8.2 0.01 17.1-51.72
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 4,418.2 2.81 4,175.25.82
95 Toys, games and sports requisites; parts and accessories thereof 661.3 0.42 710.4-6.91
96 Miscellaneous manufactured articles 472.8 0.30 330.343.14
97 Works of art, collectors’ pieces and antiques 232.6 0.15 404.1-42.44

US Imports from Bermuda

The major share of US imports from Bermuda in the 2nd quarter of 2017 (and in the 2nd quarter of 2016) was accounted for the following product types:

  • Food products and agricultural raw materials (HS codes 01-24) - 9.52% of US total imports from Bermuda (12.42% in the 2nd quarter of 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 3.88% of US total imports from Bermuda (3.69% in the 2nd quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 1.40% of US total imports from Bermuda (1.62% in the 2nd quarter of 2016);
  • Precious metals and stones (HS code 71) - 0.26% of US total imports from Bermuda (3.00% in the 2nd quarter of 2016).

The largest gains in US imports from Bermuda in the 2nd quarter of 2017 over the 2nd 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 $0.1 million;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $0.1 million.

The largest declines in US imports from Bermuda in the 2nd quarter of 2017 over the 2nd quarter of 2016 were recorded for the following product groups:

  • Works of art, collectors’ pieces and antiques (HS code 97) - a decrease of $0.3 million;
  • Beverages, spirits and vinegar (HS code 22) - a decrease of $0.3 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 $0.2 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;
  • Wood and articles of wood; wood charcoal (HS code 44) - a decrease of $0.0 million;
  • Live animals (HS code 01) - a decrease of $0.0 million;
  • Aluminum and articles thereof (HS code 76) - a decrease of $0.0 million;
  • Carpets and other textile floor coverings (HS code 57) - a decrease of $0.0 million.
US imports from Bermuda in the 2nd quarter of 2017 by product groups
HS
code
Name of product group Value
of imports
in Q2 2017
(USD thousand)
Share
in total import
(%)
Value
of imports
in Q2 2016
(USD thousand)
Change
in Q2 2017
over Q2 2016
(%)
01 Live animals 9.5 0.13 50.5-81.19
19 Preparations of cereals, flour, starch or milk; bakers’ wares 4.5 0.06 2.0122.09
22 Beverages, spirits and vinegar 673.4 9.33 948.6-29.01
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 21.6 0.30 0.0
38 Miscellaneous chemical products 0.0 0.00 7.4-100.00
44 Wood and articles of wood; wood charcoal 0.0 0.00 46.3-100.00
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 0.0 0.00 4.5-100.00
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 23.9 0.33 11.2114.65
57 Carpets and other textile floor coverings 0.0 0.00 31.0-100.00
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 0.0 0.00 1.7-100.00
64 Footwear, gaiters and the like; parts of such articles 0.0 0.00 6.9-100.00
65 Headgear and parts thereof 0.0 0.00 0.7-100.00
70 Glass and glassware 14.9 0.21 4.6223.61
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 19.0 0.26 241.7-92.12
72 Iron and steel 29.5 0.41 28.92.23
74 Copper and articles thereof 62.4 0.86 49.825.34
76 Aluminum and articles thereof 4.0 0.06 39.5-89.84
78 Lead and articles thereof 0.0 0.00 12.6-100.00
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 5.4 0.07 0.0
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 83.1 1.15 14.4475.51
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 78.5 1.09 9.5724.12
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 0.0 0.00 5.0-100.00
89 Ships, boats and floating structures 2.8 0.04 0.0
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 115.7 1.60 268.7-56.95
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 3.2-100.00
97 Works of art, collectors’ pieces and antiques 85.3 1.18 399.6-78.65
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce