US trade (export - import) with Bermuda in 2015

Published or Updated: Feb 18, 2017

The report on US foreign trade in goods with Bermuda in 2015: exports, imports, balance, product types and groups, dynamics.

US Trade with Bermuda

In 2015, US trade with Bermuda totaled $710.0 million, up 3.87% ($26.5 million) from 2014.

US exports to Bermuda in 2015 were $600.9 million, down 7.04% ($45.5 million) from 2014.

US imports from Bermuda in 2015 totaled $109.1 million, up 193.92% ($72.0 million) from 2014.

US trade surplus with Bermuda in 2015 was $491.7 million, a 19.29% decrease ($117.5 million) over 2014.

Bermuda was the US 104th largest trading partner in 2015 (up from 115th in 2014), accounting for 0.0186% of US total trade (up from 0.0170% in 2014).

Bermuda was the US 89th largest export market in 2015 (up from 96th in 2014), accounting for 0.0400% of US total exports (up from 0.0399% in 2014).

Bermuda was the US 120th largest supplier in 2015 (up from 148th in 2014), accounting for 0.0047% of US total imports (up from 0.0015% in 2014).

US Exports to Bermuda

The major share of US exports to Bermuda in 2015 (and in 2014) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 47.77% of US total exports to Bermuda (28.94% in 2014);
  • Food products and agricultural raw materials (HS codes 01-24) - 17.06% of US total exports to Bermuda (15.75% in 2014);
  • Mineral products (HS codes 25-27) - 6.30% of US total exports to Bermuda (23.88% in 2014);
  • Chemical products (HS codes 28-40) - 6.18% of US total exports to Bermuda (5.67% in 2014);
  • Wood and wood products (HS codes 44-49) - 2.54% of US total exports to Bermuda (2.23% in 2014);
  • Metals and products from them (HS codes 72-83) - 2.29% of US total exports to Bermuda (1.94% in 2014);
  • Textiles, textile products and footwear (HS codes 50-67) - 1.61% of US total exports to Bermuda (1.94% in 2014);
  • Precious metals and stones (HS code 71) - 0.95% of US total exports to Bermuda (1.49% in 2014).

The largest gains in US exports to Bermuda in 2015 over 2014 were recorded for the following product groups:

  • Aircraft, spacecraft, and parts thereof (HS code 88) - an increase of $86.0 million;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $7.4 million;
  • Ships, boats and floating structures (HS code 89) - an increase of $4.9 million.

The largest declines in US exports to Bermuda in 2015 over 2014 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 $116.4 million;
  • Commodities not specified according to kind (HS code 99) - a decrease of $23.9 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 $4.0 million;
  • Meat and edible meat offal (HS code 02) - a decrease of $1.9 million.
US exports to Bermuda in 2015 by product groups
HS
code
Name of product group Value
of exports
in 2015
(USD thousand)
Share
in total export
(%)
Value
of exports
in 2014
(USD thousand)
Change
in 2015
over 2014
(%)
01 Live animals 93.9 0.02 63.946.83
02 Meat and edible meat offal 19,114.4 3.18 21,049.5-9.19
03 Fish and crustaceans, molluscs and other aquatic invertebrates 3,317.7 0.55 3,734.6-11.16
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 7,078.9 1.18 7,272.4-2.66
05 Products of animal origin, not elsewhere specified or included 10.1 0.00 71.1-85.84
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 70.3 0.01 22.1217.81
07 Edible vegetables and certain roots and tubers 3,914.4 0.65 3,640.67.52
08 Edible fruit and nuts; peel of citrus fruit or melons 9,400.2 1.56 8,709.67.93
09 Coffee, tea, maté and spices 2,617.9 0.44 2,406.18.80
10 Cereals 1,119.4 0.19 1,015.210.26
11 Products of the milling industry; malt; starches; inulin; wheat gluten 216.1 0.04 213.81.09
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 453.0 0.08 420.97.63
13 Lac; gums, resins and other vegetable saps and extracts 38.6 0.01 13.2193.12
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 1,484.3 0.25 1,501.9-1.17
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 4,701.6 0.78 3,981.118.10
17 Sugars and sugar confectionery 728.5 0.12 737.8-1.26
18 Cocoa and cocoa preparations 1,371.8 0.23 1,106.423.99
19 Preparations of cereals, flour, starch or milk; bakers’ wares 13,764.0 2.29 13,912.3-1.07
20 Preparations of vegetables, fruit, nuts or other parts of plants 6,480.7 1.08 6,462.50.28
21 Miscellaneous edible preparations 9,679.2 1.61 8,554.713.14
22 Beverages, spirits and vinegar 13,262.4 2.21 13,090.21.32
23 Residues and waste from the food industries; prepared animal feed 3,481.6 0.58 3,718.2-6.36
24 Tobacco and manufactured tobacco substitutes 132.6 0.02 136.5-2.86
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 1,009.4 0.17 1,162.5-13.17
26 Ores, slag and ash 0.0 0.00 15.8-100.00
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 36,821.8 6.13 153,180.3-75.96
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 789.4 0.13 1,076.2-26.65
29 Organic chemicals 542.6 0.09 455.419.16
30 Pharmaceutical products 6,044.6 1.01 5,469.810.51
31 Fertilizers 626.9 0.10 604.83.66
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 3,418.6 0.57 3,699.1-7.58
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 3,779.7 0.63 4,191.9-9.83
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 4,230.1 0.70 4,170.31.43
35 Albuminoidal substances; modified starches; glues; enzymes 172.1 0.03 193.8-11.20
36 Explosives; pyrotechnic products; matches; pyrophoric alloys; certain combustible preparations 68.0 0.01 73.7-7.65
37 Photographic or cinematographic goods 820.2 0.14 446.083.89
38 Miscellaneous chemical products 3,078.5 0.51 3,387.8-9.13
39 Plastics and articles thereof 11,540.0 1.92 11,570.6-0.26
40 Rubber and articles thereof 2,035.7 0.34 1,308.355.60
41 Raw hides and skins (other than furskins) and leather 0.0 0.00 19.6-100.00
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 495.7 0.08 701.6-29.36
43 Furskins and artificial fur; manufactures thereof 2.9 0.00 6.3-54.38
44 Wood and articles of wood; wood charcoal 5,577.6 0.93 4,551.522.54
45 Cork and articles of cork 15.1 0.00 20.9-27.82
46 Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork 6.2 0.00 6.5-3.87
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 7,243.1 1.21 6,925.44.59
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 2,397.8 0.40 2,922.1-17.94
50 Silk 4.3 0.00 2.948.04
51 Wool, fine or coarse animal hair; horsehair yarn and woven fabric 0.0 0.00 3.9-100.00
52 Cotton 6.2 0.00 29.2-78.71
53 Other vegetable textile fibers; paper yarn and woven fabric of paper yarn 6.5 0.00 11.5-43.46
54 Man-made filaments 209.4 0.03 26.8681.23
55 Man-made staple fibers 47.7 0.01 93.4-48.89
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 210.6 0.04 162.329.76
57 Carpets and other textile floor coverings 1,083.9 0.18 2,075.1-47.77
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 35.7 0.01 3.3980.31
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 60.7 0.01 57.16.22
60 Knitted or crocheted fabrics 35.7 0.01 42.2-15.39
61 Articles of apparel and clothing accessories, knitted or crocheted 1,902.8 0.32 1,814.84.85
62 Articles of apparel and clothing accessories, not knitted or crocheted 968.8 0.16 967.50.13
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 1,827.2 0.30 2,780.9-34.30
64 Footwear, gaiters and the like; parts of such articles 2,733.9 0.45 3,915.1-30.17
65 Headgear and parts thereof 243.8 0.04 195.624.64
66 Umbrellas, sun umbrellas, walking sticks, seatsticks, whips, riding-crops and parts thereof 239.5 0.04 294.7-18.72
67 Prepared feathers and down and articles made of feathers or of down; artificial flowers; articles of human hair 57.1 0.01 86.5-34.02
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 3,673.3 0.61 4,135.0-11.16
69 Ceramic products 1,145.4 0.19 1,090.05.08
70 Glass and glassware 1,362.2 0.23 1,658.4-17.86
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 5,699.4 0.95 9,650.9-40.94
72 Iron and steel 1,306.3 0.22 888.347.06
73 Articles of iron or steel 5,746.3 0.96 5,312.18.17
74 Copper and articles thereof 654.3 0.11 1,067.2-38.69
75 Nickel and articles thereof 18.1 0.00 0.0
76 Aluminum and articles thereof 4,312.4 0.72 2,669.561.54
78 Lead and articles thereof 3.7 0.00 14.7-74.86
79 Zinc and articles thereof 9.8 0.00 4.1138.75
80 Tin and articles thereof 5.4 0.00 0.0
81 Other base metals; cermets; articles thereof 89.8 0.01 3.12,833.59
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 517.1 0.09 694.4-25.54
83 Miscellaneous articles of base metal 1,091.1 0.18 1,871.6-41.70
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 48,742.6 8.11 41,295.718.03
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 39,991.0 6.66 40,519.9-1.31
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 176.6 0.03 71.1148.46
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 4,873.1 0.81 3,854.726.42
88 Aircraft, spacecraft, and parts thereof 157,968.2 26.29 71,932.6119.61
89 Ships, boats and floating structures 11,546.2 1.92 6,626.574.24
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 23,750.7 3.95 22,760.24.35
91 Clocks and watches and parts thereof 2,446.3 0.41 1,567.156.11
92 Musical instruments; parts and accessories of such articles 107.5 0.02 91.916.87
93 Arms and ammunition; parts and accessories thereof 62.4 0.01 58.46.70
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 16,850.9 2.80 18,341.8-8.13
95 Toys, games and sports requisites; parts and accessories thereof 3,330.7 0.55 3,301.00.90
96 Miscellaneous manufactured articles 1,484.7 0.25 1,592.2-6.75
97 Works of art, collectors’ pieces and antiques 2,974.7 0.50 2,896.72.69
99 Commodities not specified according to kind 58,000.3 9.65 81,866.4-29.15

US Imports from Bermuda

The major share of US imports from Bermuda in 2015 (and in 2014) was accounted for the following product types:

  • Food products and agricultural raw materials (HS codes 01-24) - 2.07% of US total imports from Bermuda (4.66% in 2014);
  • Precious metals and stones (HS code 71) - 0.97% of US total imports from Bermuda (3.49% in 2014);
  • Machinery, equipment and vehicles (HS codes 84-90) - 0.53% of US total imports from Bermuda (2.28% in 2014).

The largest gains in US imports from Bermuda in 2015 over 2014 were recorded for the following product groups:

  • Commodities not specified according to kind (HS code 99) - an increase of $71.1 million;
  • Works of art, collectors’ pieces and antiques (HS code 97) - an increase of $0.9 million;
  • Beverages, spirits and vinegar (HS code 22) - an increase of $0.6 million.

The largest declines in US imports from Bermuda in 2015 over the 2014 were recorded for the following product groups:

  • No product groups with a substantial decrease.
US imports from Bermuda in 2015 by product groups
HS
code
Name of product group Value
of imports
in 2015
(USD thousand)
Share
in total import
(%)
Value
of imports
in 2014
USD thousand)
Change
in 2015
over 2014
(%)
01 Live animals 70.0 0.06 46.052.17
07 Edible vegetables and certain roots and tubers 0.0 0.00 33.1-100.00
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 29.2 0.03 35.6-18.02
19 Preparations of cereals, flour, starch or milk; bakers’ wares 0.0 0.00 5.2-100.00
22 Beverages, spirits and vinegar 2,161.9 1.98 1,610.434.25
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 0.0 0.00 19.9-100.00
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 0.0 0.00 16.0-100.00
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 3.5 0.00 4.9-27.22
38 Miscellaneous chemical products 22.0 0.02 20.95.12
39 Plastics and articles thereof 0.0 0.00 3.1-100.00
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 1.1 0.00 1.07.32
44 Wood and articles of wood; wood charcoal 0.0 0.00 16.9-100.00
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 12.0 0.01 0.0
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 25.4 0.02 72.1-64.73
54 Man-made filaments 0.0 0.00 6.3-100.00
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 1.5 0.00 0.0
61 Articles of apparel and clothing accessories, knitted or crocheted 1.1 0.00 0.0
62 Articles of apparel and clothing accessories, not knitted or crocheted 5.9 0.01 0.0
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 4.9 0.00 3.540.19
64 Footwear, gaiters and the like; parts of such articles 0.0 0.00 3.0-100.00
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 0.0 0.00 4.7-100.00
69 Ceramic products 6.5 0.01 0.0
70 Glass and glassware 35.3 0.03 0.0
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 1,057.5 0.97 1,296.6-18.44
72 Iron and steel 79.4 0.07 83.7-5.07
73 Articles of iron or steel 0.0 0.00 4.6-100.00
74 Copper and articles thereof 170.6 0.16 172.9-1.31
76 Aluminum and articles thereof 49.8 0.05 31.259.40
78 Lead and articles thereof 15.0 0.01 0.0
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 86.0 0.08 122.8-29.95
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 249.0 0.23 530.1-53.03
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 42.4 0.04 19.0123.21
89 Ships, boats and floating structures 0.0 0.00 3.6-100.00
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 202.6 0.19 169.519.50
91 Clocks and watches and parts thereof 6.3 0.01 16.8-62.39
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 20.5 0.02 16.524.69
95 Toys, games and sports requisites; parts and accessories thereof 0.0 0.00 3.5-100.00
97 Works of art, collectors’ pieces and antiques 1,054.7 0.97 186.9464.30
99 Commodities not specified according to kind 103,705.5 95.04 32,565.5218.45
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce