US trade (export - import) with Bermuda in 2014

Published or Updated: Feb 08, 2017

The report on US foreign trade in goods with Bermuda in 2014: exports, imports, balance, product types and groups, dynamics.

US Trade with Bermuda

In 2014, US trade with Bermuda totaled $683.5 million, up 14.17% ($84.8 million) from 2013.

US exports to Bermuda in 2014 totaled $646.4 million, up 20.29% ($109.0 million) from 2013.

US imports from Bermuda in 2014 were $37.1 million, down 39.44% ($24.2 million) from 2013.

US trade surplus with Bermuda in 2014 was $609.3 million, a 27.98% increase ($133.2 million) over 2013.

Bermuda was the US 115th largest trading partner in 2014 (up from 117th in 2013), accounting for 0.0170% of US total trade (up from 0.0153% in 2013).

Bermuda was the US 96th largest export market in 2014 (up from 100th in 2013), accounting for 0.0399% of US total exports (up from 0.0341% in 2013).

Bermuda was the US 148th largest supplier in 2014 (down from 133rd in 2013), accounting for 0.0015% of US total imports (down from 0.0026% in 2013).

US Exports to Bermuda

The major share of US exports to Bermuda in 2014 (and in 2013) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 28.94% of US total exports to Bermuda (21.46% in 2013);
  • Mineral products (HS codes 25-27) - 23.88% of US total exports to Bermuda (22.44% in 2013);
  • Food products and agricultural raw materials (HS codes 01-24) - 15.75% of US total exports to Bermuda (18.19% in 2013);
  • Chemical products (HS codes 28-40) - 5.67% of US total exports to Bermuda (7.90% in 2013);
  • Wood and wood products (HS codes 44-49) - 2.23% of US total exports to Bermuda (2.97% in 2013);
  • Textiles, textile products and footwear (HS codes 50-67) - 1.94% of US total exports to Bermuda (1.96% in 2013);
  • Metals and products from them (HS codes 72-83) - 1.94% of US total exports to Bermuda (3.99% in 2013);
  • Precious metals and stones (HS code 71) - 1.49% of US total exports to Bermuda (1.80% in 2013).

The largest gains in US exports to Bermuda in 2014 over 2013 were recorded for the following product groups:

  • Aircraft, spacecraft, and parts thereof (HS code 88) - an increase of $71.5 million;
  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - an increase of $33.6 million;
  • Commodities not specified according to kind (HS code 99) - an increase of $8.4 million;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $3.9 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 $3.5 million;
  • Beverages, spirits and vinegar (HS code 22) - an increase of $2.6 million.

The largest declines in US exports to Bermuda in 2014 over 2013 were recorded for the following product groups:

  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $8.3 million;
  • Articles of iron or steel (HS code 73) - a decrease of $7.0 million;
  • Plastics and articles thereof (HS code 39) - a decrease of $2.0 million.
US exports to Bermuda in 2014 by product groups
HS
code
Name of product group Value
of exports
in 2014
(USD thousand)
Share
in total export
(%)
Value
of exports
in 2013
(USD thousand)
Change
in 2014
over 2013
(%)
01 Live animals 63.9 0.01 117.6-45.66
02 Meat and edible meat offal 21,049.5 3.26 20,583.12.27
03 Fish and crustaceans, molluscs and other aquatic invertebrates 3,734.6 0.58 3,531.75.74
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 7,272.4 1.13 6,683.78.81
05 Products of animal origin, not elsewhere specified or included 71.1 0.01 45.655.81
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 22.1 0.00 34.9-36.60
07 Edible vegetables and certain roots and tubers 3,640.6 0.56 3,440.55.81
08 Edible fruit and nuts; peel of citrus fruit or melons 8,709.6 1.35 7,779.811.95
09 Coffee, tea, maté and spices 2,406.1 0.37 2,389.40.70
10 Cereals 1,015.2 0.16 904.412.26
11 Products of the milling industry; malt; starches; inulin; wheat gluten 213.8 0.03 195.69.32
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 420.9 0.07 403.24.39
13 Lac; gums, resins and other vegetable saps and extracts 13.2 0.00 11.119.22
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 1,501.9 0.23 1,560.1-3.73
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 3,981.1 0.62 4,215.2-5.55
17 Sugars and sugar confectionery 737.8 0.11 1,221.5-39.60
18 Cocoa and cocoa preparations 1,106.4 0.17 1,178.6-6.13
19 Preparations of cereals, flour, starch or milk; bakers’ wares 13,912.3 2.15 14,018.4-0.76
20 Preparations of vegetables, fruit, nuts or other parts of plants 6,462.5 1.00 6,219.43.91
21 Miscellaneous edible preparations 8,554.7 1.32 9,536.1-10.29
22 Beverages, spirits and vinegar 13,090.2 2.03 10,480.624.90
23 Residues and waste from the food industries; prepared animal feed 3,718.2 0.58 3,078.220.79
24 Tobacco and manufactured tobacco substitutes 136.5 0.02 102.932.65
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 1,162.5 0.18 965.920.35
26 Ores, slag and ash 15.8 0.00 0.0
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 153,180.3 23.70 119,610.328.07
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 1,076.2 0.17 1,023.65.14
29 Organic chemicals 455.4 0.07 1,317.9-65.45
30 Pharmaceutical products 5,469.8 0.85 5,766.9-5.15
31 Fertilizers 604.8 0.09 667.1-9.35
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 3,699.1 0.57 4,506.9-17.92
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 4,191.9 0.65 4,858.1-13.71
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 4,170.3 0.65 4,770.3-12.58
35 Albuminoidal substances; modified starches; glues; enzymes 193.8 0.03 315.7-38.60
36 Explosives; pyrotechnic products; matches; pyrophoric alloys; certain combustible preparations 73.7 0.01 89.1-17.37
37 Photographic or cinematographic goods 446.0 0.07 568.6-21.56
38 Miscellaneous chemical products 3,387.8 0.52 3,443.5-1.62
39 Plastics and articles thereof 11,570.6 1.79 13,562.7-14.69
40 Rubber and articles thereof 1,308.3 0.20 1,587.6-17.59
41 Raw hides and skins (other than furskins) and leather 19.6 0.00 9.3111.09
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 701.6 0.11 1,241.4-43.48
43 Furskins and artificial fur; manufactures thereof 6.3 0.00 0.0
44 Wood and articles of wood; wood charcoal 4,551.5 0.70 4,564.4-0.28
45 Cork and articles of cork 20.9 0.00 9.0131.17
46 Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork 6.5 0.00 3.585.22
47 Pulp of wood or of other fibrous cellulosic material; waste and scrap of paper or paperboard 0.0 0.00 9.1-100.00
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 6,925.4 1.07 8,485.6-18.39
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 2,922.1 0.45 2,902.70.67
50 Silk 2.9 0.00 0.0
51 Wool, fine or coarse animal hair; horsehair yarn and woven fabric 3.9 0.00 0.0
52 Cotton 29.2 0.00 17.467.56
53 Other vegetable textile fibers; paper yarn and woven fabric of paper yarn 11.5 0.00 7.944.77
54 Man-made filaments 26.8 0.00 104.2-74.28
55 Man-made staple fibers 93.4 0.01 13.5589.99
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 162.3 0.03 170.9-5.05
57 Carpets and other textile floor coverings 2,075.1 0.32 1,088.090.74
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 3.3 0.00 12.9-74.48
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 57.1 0.01 27.6106.87
60 Knitted or crocheted fabrics 42.2 0.01 15.5172.34
61 Articles of apparel and clothing accessories, knitted or crocheted 1,814.8 0.28 2,024.0-10.34
62 Articles of apparel and clothing accessories, not knitted or crocheted 967.5 0.15 1,386.2-30.20
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 2,780.9 0.43 1,765.157.55
64 Footwear, gaiters and the like; parts of such articles 3,915.1 0.61 3,443.613.69
65 Headgear and parts thereof 195.6 0.03 177.610.15
66 Umbrellas, sun umbrellas, walking sticks, seatsticks, whips, riding-crops and parts thereof 294.7 0.05 162.481.47
67 Prepared feathers and down and articles made of feathers or of down; artificial flowers; articles of human hair 86.5 0.01 103.2-16.17
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 4,135.0 0.64 2,209.187.18
69 Ceramic products 1,090.0 0.17 1,151.4-5.34
70 Glass and glassware 1,658.4 0.26 1,401.718.31
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 9,650.9 1.49 9,691.1-0.41
72 Iron and steel 888.3 0.14 2,117.4-58.05
73 Articles of iron or steel 5,312.1 0.82 12,359.8-57.02
74 Copper and articles thereof 1,067.2 0.17 832.528.20
76 Aluminum and articles thereof 2,669.5 0.41 3,594.1-25.72
78 Lead and articles thereof 14.7 0.00 167.9-91.25
79 Zinc and articles thereof 4.1 0.00 18.0-77.20
81 Other base metals; cermets; articles thereof 3.1 0.00 0.0
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 694.4 0.11 546.427.08
83 Miscellaneous articles of base metal 1,871.6 0.29 1,818.72.91
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 41,295.7 6.39 49,561.9-16.68
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 40,519.9 6.27 37,069.89.31
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 71.1 0.01 121.5-41.47
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 3,854.7 0.60 3,565.48.12
88 Aircraft, spacecraft, and parts thereof 71,932.6 11.13 389.818,354.65
89 Ships, boats and floating structures 6,626.5 1.03 5,816.013.94
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 22,760.2 3.52 18,818.620.95
91 Clocks and watches and parts thereof 1,567.1 0.24 1,206.429.90
92 Musical instruments; parts and accessories of such articles 91.9 0.01 72.427.03
93 Arms and ammunition; parts and accessories thereof 58.4 0.01 65.9-11.31
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 18,341.8 2.84 16,589.710.56
95 Toys, games and sports requisites; parts and accessories thereof 3,301.0 0.51 2,875.714.79
96 Miscellaneous manufactured articles 1,592.2 0.25 1,279.424.45
97 Works of art, collectors’ pieces and antiques 2,896.7 0.45 2,069.140.00
99 Commodities not specified according to kind 81,866.4 12.67 73,423.811.50

US Imports from Bermuda

The major share of US imports from Bermuda in 2014 (and in 2013) was accounted for the following product types:

  • Food products and agricultural raw materials (HS codes 01-24) - 4.66% of US total imports from Bermuda (2.87% in 2013);
  • Precious metals and stones (HS code 71) - 3.49% of US total imports from Bermuda (4.47% in 2013);
  • Machinery, equipment and vehicles (HS codes 84-90) - 2.28% of US total imports from Bermuda (1.14% in 2013).

The largest gains in US imports from Bermuda in 2014 over 2013 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 $0.4 million.

The largest declines in US imports from Bermuda in 2014 over the 2013 were recorded for the following product groups:

  • Commodities not specified according to kind (HS code 99) - a decrease of $22.4 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 $1.4 million;
  • Works of art, collectors’ pieces and antiques (HS code 97) - a decrease of $0.4 million;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $0.2 million;
  • Iron and steel (HS code 72) - a decrease of $0.1 million.
US imports from Bermuda in 2014 by product groups
HS
code
Name of product group Value
of imports
in 2014
(USD thousand)
Share
in total import
(%)
Value
of imports
in 2013
USD thousand)
Change
in 2014
over 2013
(%)
01 Live animals 46.0 0.12 73.0-37.02
07 Edible vegetables and certain roots and tubers 33.1 0.09 0.0
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 35.6 0.10 59.4-40.04
19 Preparations of cereals, flour, starch or milk; bakers’ wares 5.2 0.01 0.0
22 Beverages, spirits and vinegar 1,610.4 4.34 1,628.6-1.12
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 19.9 0.05 6.6202.77
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 16.0 0.04 4.2283.03
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 4.9 0.01 0.0
38 Miscellaneous chemical products 20.9 0.06 16.725.51
39 Plastics and articles thereof 3.1 0.01 2.148.41
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 1.0 0.00 0.0
44 Wood and articles of wood; wood charcoal 16.9 0.05 0.0
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 72.1 0.19 29.0148.52
54 Man-made filaments 6.3 0.02 0.0
61 Articles of apparel and clothing accessories, knitted or crocheted 0.0 0.00 8.5-100.00
62 Articles of apparel and clothing accessories, not knitted or crocheted 0.0 0.00 4.5-100.00
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 3.5 0.01 16.5-78.81
64 Footwear, gaiters and the like; parts of such articles 3.0 0.01 0.3775.29
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 4.7 0.01 0.0
69 Ceramic products 0.0 0.00 3.4-100.00
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 1,296.6 3.49 2,739.8-52.67
72 Iron and steel 83.7 0.23 195.3-57.15
73 Articles of iron or steel 4.6 0.01 2.675.20
74 Copper and articles thereof 172.9 0.47 126.137.09
76 Aluminum and articles thereof 31.2 0.08 19.857.68
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 122.8 0.33 299.6-59.02
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 530.1 1.43 133.4297.35
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 0.0 0.00 18.0-100.00
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 19.0 0.05 18.71.66
89 Ships, boats and floating structures 3.6 0.01 0.0
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 169.5 0.46 230.5-26.45
91 Clocks and watches and parts thereof 16.8 0.05 0.0
92 Musical instruments; parts and accessories of such articles 0.0 0.00 20.8-100.00
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 16.5 0.04 13.720.53
95 Toys, games and sports requisites; parts and accessories thereof 3.5 0.01 11.0-68.61
97 Works of art, collectors’ pieces and antiques 186.9 0.50 625.0-70.09
99 Commodities not specified according to kind 32,565.5 87.72 54,997.9-40.79
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce