US trade (export - import) with Bermuda in 2013

Published or Updated: Feb 02, 2017

The report on US foreign trade in goods with Bermuda in 2013: exports, imports, balance, product types and groups, dynamics.

US Trade with Bermuda

In 2013, US trade with Bermuda was $598.7 million, down 15.29% ($108.0 million) from 2012.

US exports to Bermuda in 2013 were $537.4 million, down 13.66% ($85.1 million) from 2012.

US imports from Bermuda in 2013 were $61.3 million, down 27.25% ($23.0 million) from 2012.

US trade surplus with Bermuda in 2013 was $476.1 million, a 11.54% decrease ($62.1 million) over 2012.

Bermuda was the US 117th largest trading partner in 2013 (down from 110th in 2012), accounting for 0.0153% of US total trade (down from 0.0182% in 2012).

Bermuda was the US 100th largest export market in 2013 (down from 90th in 2012), accounting for 0.0341% of US total exports (down from 0.0403% in 2012).

Bermuda was the US 133rd largest supplier in 2013 (down from 130th in 2012), accounting for 0.0026% of US total imports (down from 0.0036% in 2012).

US Exports to Bermuda

The major share of US exports to Bermuda in 2013 (and in 2012) was accounted for the following product types:

  • Mineral products (HS codes 25-27) - 22.44% of US total exports to Bermuda (17.26% in 2012);
  • Machinery, equipment and vehicles (HS codes 84-90) - 21.46% of US total exports to Bermuda (34.70% in 2012);
  • Food products and agricultural raw materials (HS codes 01-24) - 18.19% of US total exports to Bermuda (15.62% in 2012);
  • Chemical products (HS codes 28-40) - 7.90% of US total exports to Bermuda (6.57% in 2012);
  • Metals and products from them (HS codes 72-83) - 3.99% of US total exports to Bermuda (3.00% in 2012);
  • Wood and wood products (HS codes 44-49) - 2.97% of US total exports to Bermuda (2.28% in 2012);
  • Textiles, textile products and footwear (HS codes 50-67) - 1.96% of US total exports to Bermuda (1.83% in 2012);
  • Precious metals and stones (HS code 71) - 1.80% of US total exports to Bermuda (1.66% in 2012).

The largest gains in US exports to Bermuda in 2013 over 2012 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 $13.2 million;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $3.9 million;
  • Articles of iron or steel (HS code 73) - an increase of $2.8 million;
  • Meat and edible meat offal (HS code 02) - an increase of $2.4 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 $2.2 million;
  • Paper and paperboard; articles of paper pulp, of paper or of paperboard (HS code 48) - an increase of $1.9 million;
  • Ships, boats and floating structures (HS code 89) - an increase of $1.6 million.

The largest declines in US exports to Bermuda in 2013 over 2012 were recorded for the following product groups:

  • Aircraft, spacecraft, and parts thereof (HS code 88) - a decrease of $85.1 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 $22.6 million;
  • Commodities not specified according to kind (HS code 99) - a decrease of $3.4 million.
US exports to Bermuda in 2013 by product groups
HS
code
Name of product group Value
of exports
in 2013
(USD thousand)
Share
in total export
(%)
Value
of exports
in 2012
(USD thousand)
Change
in 2013
over 2012
(%)
01 Live animals 117.6 0.02 49.1139.59
02 Meat and edible meat offal 20,583.1 3.83 18,225.712.93
03 Fish and crustaceans, molluscs and other aquatic invertebrates 3,531.7 0.66 3,455.72.20
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 6,683.7 1.24 6,273.46.54
05 Products of animal origin, not elsewhere specified or included 45.6 0.01 24.189.58
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 34.9 0.01 50.4-30.74
07 Edible vegetables and certain roots and tubers 3,440.5 0.64 3,695.4-6.90
08 Edible fruit and nuts; peel of citrus fruit or melons 7,779.8 1.45 7,215.57.82
09 Coffee, tea, maté and spices 2,389.4 0.44 2,107.113.40
10 Cereals 904.4 0.17 1,303.8-30.63
11 Products of the milling industry; malt; starches; inulin; wheat gluten 195.6 0.04 192.81.47
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 403.2 0.08 476.7-15.43
13 Lac; gums, resins and other vegetable saps and extracts 11.1 0.00 22.9-51.73
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 1,560.1 0.29 1,916.8-18.61
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 4,215.2 0.78 4,469.3-5.69
17 Sugars and sugar confectionery 1,221.5 0.23 1,007.921.20
18 Cocoa and cocoa preparations 1,178.6 0.22 1,164.31.22
19 Preparations of cereals, flour, starch or milk; bakers’ wares 14,018.4 2.61 14,236.1-1.53
20 Preparations of vegetables, fruit, nuts or other parts of plants 6,219.4 1.16 6,945.0-10.45
21 Miscellaneous edible preparations 9,536.1 1.77 10,565.2-9.74
22 Beverages, spirits and vinegar 10,480.6 1.95 10,543.8-0.60
23 Residues and waste from the food industries; prepared animal feed 3,078.2 0.57 3,240.4-5.00
24 Tobacco and manufactured tobacco substitutes 102.9 0.02 64.958.58
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 965.9 0.18 1,012.9-4.64
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 119,610.3 22.26 106,408.612.41
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 1,023.6 0.19 1,029.7-0.60
29 Organic chemicals 1,317.9 0.25 603.8118.28
30 Pharmaceutical products 5,766.9 1.07 6,278.8-8.15
31 Fertilizers 667.1 0.12 483.737.93
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 4,506.9 0.84 3,687.822.21
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 4,858.1 0.90 4,415.810.02
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 4,770.3 0.89 4,629.73.04
35 Albuminoidal substances; modified starches; glues; enzymes 315.7 0.06 285.410.59
36 Explosives; pyrotechnic products; matches; pyrophoric alloys; certain combustible preparations 89.1 0.02 86.43.13
37 Photographic or cinematographic goods 568.6 0.11 452.725.60
38 Miscellaneous chemical products 3,443.5 0.64 4,976.9-30.81
39 Plastics and articles thereof 13,562.7 2.52 12,411.79.27
40 Rubber and articles thereof 1,587.6 0.30 1,531.73.65
41 Raw hides and skins (other than furskins) and leather 9.3 0.00 2.5268.28
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 1,241.4 0.23 998.124.37
44 Wood and articles of wood; wood charcoal 4,564.4 0.85 4,274.56.78
45 Cork and articles of cork 9.0 0.00 3.5155.75
46 Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork 3.5 0.00 6.4-45.81
47 Pulp of wood or of other fibrous cellulosic material; waste and scrap of paper or paperboard 9.1 0.00 2.7238.56
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 8,485.6 1.58 6,564.229.27
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 2,902.7 0.54 3,369.5-13.85
52 Cotton 17.4 0.00 20.4-14.44
53 Other vegetable textile fibers; paper yarn and woven fabric of paper yarn 7.9 0.00 7.012.52
54 Man-made filaments 104.2 0.02 504.0-79.33
55 Man-made staple fibers 13.5 0.00 9.837.82
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 170.9 0.03 133.428.09
57 Carpets and other textile floor coverings 1,088.0 0.20 767.341.80
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 12.9 0.00 25.4-49.12
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 27.6 0.01 18.549.46
60 Knitted or crocheted fabrics 15.5 0.00 29.7-47.83
61 Articles of apparel and clothing accessories, knitted or crocheted 2,024.0 0.38 2,260.8-10.47
62 Articles of apparel and clothing accessories, not knitted or crocheted 1,386.2 0.26 1,329.04.30
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 1,765.1 0.33 1,864.9-5.35
64 Footwear, gaiters and the like; parts of such articles 3,443.6 0.64 3,785.9-9.04
65 Headgear and parts thereof 177.6 0.03 172.52.94
66 Umbrellas, sun umbrellas, walking sticks, seatsticks, whips, riding-crops and parts thereof 162.4 0.03 277.0-41.37
67 Prepared feathers and down and articles made of feathers or of down; artificial flowers; articles of human hair 103.2 0.02 156.2-33.95
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 2,209.1 0.41 1,988.111.12
69 Ceramic products 1,151.4 0.21 1,149.70.15
70 Glass and glassware 1,401.7 0.26 1,743.6-19.61
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 9,691.1 1.80 10,335.0-6.23
72 Iron and steel 2,117.4 0.39 2,408.8-12.10
73 Articles of iron or steel 12,359.8 2.30 9,574.029.10
74 Copper and articles thereof 832.5 0.15 1,041.5-20.07
75 Nickel and articles thereof 0.0 0.00 23.7-100.00
76 Aluminum and articles thereof 3,594.1 0.67 3,308.88.62
78 Lead and articles thereof 167.9 0.03 16.2939.69
79 Zinc and articles thereof 18.0 0.00 10.472.36
81 Other base metals; cermets; articles thereof 0.0 0.00 6.0-100.00
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 546.4 0.10 826.7-33.90
83 Miscellaneous articles of base metal 1,818.7 0.34 1,444.725.89
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 49,561.9 9.22 45,692.98.47
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 37,069.8 6.90 59,644.1-37.85
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 121.5 0.02 379.5-67.99
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 3,565.4 0.66 2,954.120.69
88 Aircraft, spacecraft, and parts thereof 389.8 0.07 85,511.4-99.54
89 Ships, boats and floating structures 5,816.0 1.08 4,170.839.45
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 18,818.6 3.50 17,652.96.60
91 Clocks and watches and parts thereof 1,206.4 0.22 2,039.6-40.85
92 Musical instruments; parts and accessories of such articles 72.4 0.01 158.6-54.36
93 Arms and ammunition; parts and accessories thereof 65.9 0.01 157.3-58.09
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 16,589.7 3.09 14,346.115.64
95 Toys, games and sports requisites; parts and accessories thereof 2,875.7 0.54 2,871.30.15
96 Miscellaneous manufactured articles 1,279.4 0.24 1,525.6-16.14
97 Works of art, collectors’ pieces and antiques 2,069.1 0.39 2,492.8-17.00
99 Commodities not specified according to kind 73,423.8 13.66 76,818.2-4.42

US Imports from Bermuda

The major share of US imports from Bermuda in 2013 (and in 2012) was accounted for the following product types:

  • Precious metals and stones (HS code 71) - 4.47% of US total imports from Bermuda (6.67% in 2012);
  • Food products and agricultural raw materials (HS codes 01-24) - 2.87% of US total imports from Bermuda (1.93% in 2012);
  • Machinery, equipment and vehicles (HS codes 84-90) - 1.14% of US total imports from Bermuda (0.84% in 2012).

The largest gains in US imports from Bermuda in 2013 over 2012 were recorded for the following product groups:

  • Works of art, collectors’ pieces and antiques (HS code 97) - an increase of $0.3 million.

The largest declines in US imports from Bermuda in 2013 over the 2012 were recorded for the following product groups:

  • Commodities not specified according to kind (HS code 99) - a decrease of $20.5 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 $2.9 million.
US imports from Bermuda in 2013 by product groups
HS
code
Name of product group Value
of imports
in 2013
(USD thousand)
Share
in total import
(%)
Value
of imports
in 2012
USD thousand)
Change
in 2013
over 2012
(%)
01 Live animals 73.0 0.12 68.07.34
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 59.4 0.10 74.8-20.55
19 Preparations of cereals, flour, starch or milk; bakers’ wares 0.0 0.00 3.0-100.00
22 Beverages, spirits and vinegar 1,628.6 2.66 1,479.910.05
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 0.0 0.00 52.6-100.00
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 6.6 0.01 91.5-92.82
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 4.2 0.01 10.5-60.29
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 0.0 0.00 22.4-100.00
38 Miscellaneous chemical products 16.7 0.03 30.6-45.44
39 Plastics and articles thereof 2.1 0.00 6.9-70.05
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 4.3-100.00
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 29.0 0.05 16.279.28
57 Carpets and other textile floor coverings 0.0 0.00 0.5-100.00
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 0.0 0.00 0.7-100.00
61 Articles of apparel and clothing accessories, knitted or crocheted 8.5 0.01 8.6-1.74
62 Articles of apparel and clothing accessories, not knitted or crocheted 4.5 0.01 11.5-61.45
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 16.5 0.03 0.72,330.04
64 Footwear, gaiters and the like; parts of such articles 0.3 0.00 0.4-18.50
69 Ceramic products 3.4 0.01 0.0
70 Glass and glassware 0.0 0.00 3.6-100.00
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 2,739.8 4.47 5,624.5-51.29
72 Iron and steel 195.3 0.32 80.8141.64
73 Articles of iron or steel 2.6 0.00 10.1-74.17
74 Copper and articles thereof 126.1 0.21 130.5-3.37
76 Aluminum and articles thereof 19.8 0.03 2.4742.35
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 0.0 0.00 6.2-100.00
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 299.6 0.49 284.55.31
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 133.4 0.22 104.327.89
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 18.0 0.03 95.2-81.08
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 18.7 0.03 5.7227.21
89 Ships, boats and floating structures 0.0 0.00 70.0-100.00
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 230.5 0.38 145.358.60
92 Musical instruments; parts and accessories of such articles 20.8 0.03 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 13.7 0.02 71.5-80.89
95 Toys, games and sports requisites; parts and accessories thereof 11.0 0.02 5.4103.78
97 Works of art, collectors’ pieces and antiques 625.0 1.02 279.3123.78
99 Commodities not specified according to kind 54,997.9 89.71 75,469.3-27.13
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce