US trade with Bermuda in the first half of 2017

Published or Updated: Oct 21, 2017

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

US Trade with Bermuda

In the first half of 2017, US trade with Bermuda was $349.4 million, down 8.70% ($33.3 million) from the first half of 2016.

US exports to Bermuda in the first half of 2017 were $337.1 million, down 8.98% ($33.3 million) from the first half of 2016.

US imports from Bermuda in the first half of 2017 were $12.3 million, down 0.19% ($0.0 million) from the first half of 2016.

US trade surplus with Bermuda in the first half of 2017 was $324.9 million, a 9.28% decrease ($33.2 million) over the first half of 2016.

Bermuda was the US 106th largest trading partner in the first half of 2017 (down from 104th in the first half of 2016), accounting for 0.0182% of US total trade (down from 0.0213% in the first half of 2016).

Bermuda was the US 87th largest export market in the first half of 2017 (down from 85th in the first half of 2016), accounting for 0.0445% of US total exports (down from 0.0521% in the first half of 2016).

Bermuda was the US 150th largest supplier in the first half of 2017 (up from 152nd in the first half of 2016), accounting for 0.0011% of US total imports (just as in the first half of 2016).

US Exports to Bermuda

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

  • Machinery, equipment and vehicles (HS codes 84-90) - 43.00% of US total exports to Bermuda (51.28% in the first half of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 17.40% of US total exports to Bermuda (13.42% in the first half of 2016);
  • Mineral products (HS codes 25-27) - 7.53% of US total exports to Bermuda (8.52% in the first half of 2016);
  • Chemical products (HS codes 28-40) - 6.40% of US total exports to Bermuda (5.28% in the first half of 2016);
  • Wood and wood products (HS codes 44-49) - 2.76% of US total exports to Bermuda (2.11% in the first half of 2016);
  • Metals and products from them (HS codes 72-83) - 2.64% of US total exports to Bermuda (1.47% in the first half of 2016);
  • Textiles, textile products and footwear (HS codes 50-67) - 2.33% of US total exports to Bermuda (1.43% in the first half of 2016);
  • Precious metals and stones (HS code 71) - 1.45% of US total exports to Bermuda (2.76% in the first half of 2016).

The largest gains in US exports to Bermuda in the first half of 2017 over the first half 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 $7.4 million;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $6.1 million;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - an increase of $5.4 million;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $4.4 million;
  • Ships, boats and floating structures (HS code 89) - an increase of $3.6 million;
  • Beverages, spirits and vinegar (HS code 22) - an increase of $3.1 million;
  • Articles of iron or steel (HS code 73) - an increase of $2.9 million;
  • Other made up textile articles; sets; worn clothing and worn textile articles; rags (HS code 63) - an increase of $2.0 million;
  • Meat and edible meat offal (HS code 02) - an increase of $1.8 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 $1.8 million;
  • Clocks and watches and parts thereof (HS code 91) - an increase of $1.2 million;
  • Pharmaceutical products (HS code 30) - an increase of $1.0 million.

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

  • Aircraft, spacecraft, and parts thereof (HS code 88) - a decrease of $71.9 million;
  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - a decrease of $6.3 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 $5.3 million.
US exports to Bermuda in the first half of 2017 by product groups
HS
code
Name of product group Value
of exports
in first-half 2017
(USD thousand)
Share
in total export
(%)
Value
of exports
in first-half 2016
(USD thousand)
Change
in first-half 2017
over first-half 2016
(%)
01 Live animals 5.0 0.00 6.2-19.42
02 Meat and edible meat offal 10,820.9 3.21 9,005.320.16
03 Fish and crustaceans, molluscs and other aquatic invertebrates 2,600.9 0.77 1,826.742.39
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 3,894.9 1.16 3,031.928.46
05 Products of animal origin, not elsewhere specified or included 7.1 0.00 3.1132.49
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 20.4 0.01 31.5-35.41
07 Edible vegetables and certain roots and tubers 2,223.6 0.66 1,995.811.41
08 Edible fruit and nuts; peel of citrus fruit or melons 6,009.0 1.78 5,150.616.67
09 Coffee, tea, maté and spices 1,244.3 0.37 936.632.85
10 Cereals 397.1 0.12 416.8-4.71
11 Products of the milling industry; malt; starches; inulin; wheat gluten 73.3 0.02 98.2-25.41
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 199.3 0.06 183.18.85
13 Lac; gums, resins and other vegetable saps and extracts 8.0 0.00 13.1-39.05
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 810.0 0.24 598.435.36
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 1,836.6 0.54 2,066.7-11.13
17 Sugars and sugar confectionery 514.5 0.15 528.6-2.66
18 Cocoa and cocoa preparations 777.6 0.23 599.629.69
19 Preparations of cereals, flour, starch or milk; bakers’ wares 5,589.8 1.66 5,885.5-5.02
20 Preparations of vegetables, fruit, nuts or other parts of plants 4,244.4 1.26 3,806.211.51
21 Miscellaneous edible preparations 5,727.4 1.70 5,110.412.08
22 Beverages, spirits and vinegar 9,995.2 2.96 6,880.445.27
23 Residues and waste from the food industries; prepared animal feed 1,409.3 0.42 1,444.6-2.44
24 Tobacco and manufactured tobacco substitutes 254.1 0.08 93.6171.36
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 612.7 0.18 486.026.07
26 Ores, slag and ash 10.5 0.00 0.0
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 24,760.6 7.34 31,085.5-20.35
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 738.5 0.22 361.1104.54
29 Organic chemicals 222.5 0.07 200.810.83
30 Pharmaceutical products 5,209.8 1.55 4,168.224.99
31 Fertilizers 257.9 0.08 232.610.90
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 1,878.4 0.56 1,854.01.32
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 2,058.7 0.61 1,925.96.90
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 2,085.5 0.62 1,852.212.60
35 Albuminoidal substances; modified starches; glues; enzymes 52.8 0.02 81.5-35.26
36 Explosives; pyrotechnic products; matches; pyrophoric alloys; certain combustible preparations 87.6 0.03 11.2682.07
37 Photographic or cinematographic goods 132.9 0.04 22.7485.69
38 Miscellaneous chemical products 1,911.1 0.57 1,966.6-2.82
39 Plastics and articles thereof 5,903.2 1.75 5,915.3-0.20
40 Rubber and articles thereof 1,046.1 0.31 950.110.11
41 Raw hides and skins (other than furskins) and leather 50.9 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) 354.6 0.11 241.346.97
43 Furskins and artificial fur; manufactures thereof 3.6 0.00 50.0-92.85
44 Wood and articles of wood; wood charcoal 3,211.0 0.95 2,981.17.71
46 Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork 0.0 0.00 13.1-100.00
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 4,424.1 1.31 3,752.117.91
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 1,673.2 0.50 1,055.758.50
52 Cotton 39.7 0.01 14.6172.49
53 Other vegetable textile fibers; paper yarn and woven fabric of paper yarn 19.6 0.01 5.2279.72
54 Man-made filaments 31.5 0.01 11.6170.33
55 Man-made staple fibers 26.7 0.01 15.472.92
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 98.4 0.03 157.7-37.64
57 Carpets and other textile floor coverings 582.7 0.17 623.4-6.53
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 77.2 0.02 20.8272.09
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 20.8 0.01 74.7-72.13
60 Knitted or crocheted fabrics 8.9 0.00 15.9-44.24
61 Articles of apparel and clothing accessories, knitted or crocheted 1,349.8 0.40 1,104.522.21
62 Articles of apparel and clothing accessories, not knitted or crocheted 801.3 0.24 682.817.35
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 3,246.7 0.96 1,215.2167.17
64 Footwear, gaiters and the like; parts of such articles 1,116.1 0.33 986.513.13
65 Headgear and parts thereof 197.5 0.06 141.439.66
66 Umbrellas, sun umbrellas, walking sticks, seatsticks, whips, riding-crops and parts thereof 166.1 0.05 172.5-3.71
67 Prepared feathers and down and articles made of feathers or of down; artificial flowers; articles of human hair 58.4 0.02 65.1-10.28
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 1,265.5 0.38 1,107.414.28
69 Ceramic products 1,008.4 0.30 915.010.21
70 Glass and glassware 935.7 0.28 1,329.2-29.60
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 4,898.4 1.45 10,214.3-52.04
72 Iron and steel 865.4 0.26 820.65.46
73 Articles of iron or steel 4,526.7 1.34 1,656.7173.24
74 Copper and articles thereof 263.8 0.08 133.098.35
75 Nickel and articles thereof 4.1 0.00 0.0
76 Aluminum and articles thereof 1,942.9 0.58 1,952.8-0.50
78 Lead and articles thereof 3.6 0.00 26.7-86.57
79 Zinc and articles thereof 5.1 0.00 0.0
80 Tin and articles thereof 2.6 0.00 5.5-52.00
81 Other base metals; cermets; articles thereof 2.6 0.00 30.4-91.34
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 365.2 0.11 204.178.91
83 Miscellaneous articles of base metal 907.4 0.27 621.546.01
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 27,362.2 8.12 21,255.028.73
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 24,067.4 7.14 16,685.144.24
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 164.3 0.05 125.231.20
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 7,925.3 2.35 2,521.9214.26
88 Aircraft, spacecraft, and parts thereof 58,975.7 17.49 130,834.0-54.92
89 Ships, boats and floating structures 9,581.0 2.84 5,971.860.44
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 16,899.9 5.01 12,530.934.87
91 Clocks and watches and parts thereof 2,558.2 0.76 1,348.589.72
92 Musical instruments; parts and accessories of such articles 62.0 0.02 9.8530.58
93 Arms and ammunition; parts and accessories thereof 48.2 0.01 22.2117.08
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 10,064.5 2.99 8,291.921.38
95 Toys, games and sports requisites; parts and accessories thereof 1,141.6 0.34 1,412.2-19.16
96 Miscellaneous manufactured articles 885.9 0.26 666.632.89
97 Works of art, collectors’ pieces and antiques 822.6 0.24 1,476.6-44.29

US Imports from Bermuda

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

  • Machinery, equipment and vehicles (HS codes 84-90) - 13.39% of US total imports from Bermuda (4.62% in the first half of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 8.83% of US total imports from Bermuda (13.49% in the first half of 2016);
  • Metals and products from them (HS codes 72-83) - 1.97% of US total imports from Bermuda (2.10% in the first half of 2016);
  • Precious metals and stones (HS code 71) - 1.11% of US total imports from Bermuda (3.28% in the first half of 2016);
  • Wood and wood products (HS codes 44-49) - 0.56% of US total imports from Bermuda (1.09% in the first half of 2016).

The largest gains in US imports from Bermuda in the first half of 2017 over the first half 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 $1.4 million;
  • Copper and articles thereof (HS code 74) - an increase of $0.1 million.

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

  • Beverages, spirits and vinegar (HS code 22) - a decrease of $0.5 million;
  • Works of art, collectors’ pieces and antiques (HS code 97) - a decrease of $0.4 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 $0.3 million;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $0.1 million;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $0.1 million;
  • Aluminum and articles thereof (HS code 76) - a decrease of $0.1 million;
  • Live animals (HS code 01) - a decrease of $0.1 million;
  • Wood and articles of wood; wood charcoal (HS code 44) - a decrease of $0.0 million.
US imports from Bermuda in the first half of 2017 by product groups
HS
code
Name of product group Value
of imports
in first-half 2017
(USD thousand)
Share
in total import
(%)
Value
of imports
in first-half 2016
(USD thousand)
Change
in first-half 2017
over first-half 2016
(%)
01 Live animals 9.5 0.08 69.0-86.23
19 Preparations of cereals, flour, starch or milk; bakers’ wares 4.5 0.04 2.0122.09
22 Beverages, spirits and vinegar 1,070.1 8.71 1,589.2-32.66
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 0.0 0.00 2.4-100.00
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 21.6 0.18 0.0
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 0.03 0.0
38 Miscellaneous chemical products 11.8 0.10 12.3-3.97
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 68.7 0.56 83.2-17.40
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 0.8 0.01 0.0
57 Carpets and other textile floor coverings 0.0 0.00 31.0-100.00
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 0.02 8.0-76.69
64 Footwear, gaiters and the like; parts of such articles 0.0 0.00 7.6-100.00
65 Headgear and parts thereof 0.0 0.00 0.7-100.00
69 Ceramic products 0.0 0.00 2.7-100.00
70 Glass and glassware 14.9 0.12 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 136.1 1.11 403.3-66.26
72 Iron and steel 59.6 0.49 61.7-3.40
74 Copper and articles thereof 160.7 1.31 91.974.84
76 Aluminum and articles thereof 16.8 0.14 76.4-78.00
78 Lead and articles thereof 0.0 0.00 28.1-100.00
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 5.4 0.04 0.0
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 120.2 0.98 237.1-49.32
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 1,396.0 11.37 45.62,961.22
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 0.0 0.00 13.6-100.00
89 Ships, boats and floating structures 2.8 0.02 0.0
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 125.0 1.02 272.1-54.05
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 3.9-100.00
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 112.2 0.91 556.9-79.85
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce