US trade (export - import) with Bermuda in 2017

Published or Updated: May 12, 2018

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

US Trade with Bermuda

In 2017, US trade with Bermuda totaled $725.3 million, up 9.23% ($61.3 million) from 2016.

US exports to Bermuda in 2017 totaled $690.9 million, up 8.15% ($52.1 million) from 2016.

US imports from Bermuda in 2017 totaled $34.5 million, up 36.62% ($9.2 million) from 2016.

US trade surplus with Bermuda in 2017 was $656.4 million, a 6.98% increase ($42.8 million) over 2016.

Bermuda was the US 104th largest trading partner in 2017 (up from 105th in 2016), accounting for 0.0183% of US total trade (up from 0.0179% in 2016).

Bermuda was the US 86th largest export market in 2017 (up from 89th in 2016), accounting for 0.0447% of US total exports (up from 0.0440% in 2016).

Bermuda was the US 153rd largest supplier in 2017 (just as in 2016), accounting for 0.0014% of US total imports (up from 0.0011% in 2016).

US Exports to Bermuda

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

  • Machinery, equipment and vehicles (HS codes 84-90) - 37.37% of US total exports to Bermuda (45.27% in 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 16.55% of US total exports to Bermuda (15.96% in 2016);
  • Mineral products (HS codes 25-27) - 15.55% of US total exports to Bermuda (8.53% in 2016);
  • Chemical products (HS codes 28-40) - 6.24% of US total exports to Bermuda (6.45% in 2016);
  • Wood and wood products (HS codes 44-49) - 2.44% of US total exports to Bermuda (2.50% in 2016);
  • Metals and products from them (HS codes 72-83) - 2.31% of US total exports to Bermuda (1.75% in 2016);
  • Textiles, textile products and footwear (HS codes 50-67) - 1.72% of US total exports to Bermuda (1.55% in 2016);
  • Precious metals and stones (HS code 71) - 1.16% of US total exports to Bermuda (2.42% in 2016).

The largest gains in US exports to Bermuda in 2017 over 2016 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 $53.0 million;
  • Commodities not specified according to kind (HS code 99) - an increase of $11.3 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 $4.4 million;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - an increase of $3.8 million;
  • Meat and edible meat offal (HS code 02) - an increase of $3.6 million;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $3.1 million;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $3.0 million;
  • Beverages, spirits and vinegar (HS code 22) - an increase of $3.0 million;
  • Pharmaceutical products (HS code 30) - an increase of $2.9 million;
  • Articles of iron or steel (HS code 73) - an increase of $2.6 million.

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

  • Aircraft, spacecraft, and parts thereof (HS code 88) - a decrease of $37.5 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 $7.4 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 $4.4 million.
US exports to Bermuda in 2017 by product groups
HS
code
Name of product group Value
of exports
in 2017
(USD thousand)
Share
in total export
(%)
Value
of exports
in 2016
(USD thousand)
Change
in 2017
over 2016
(%)
01 Live animals 5.0 0.00 29.0-82.71
02 Meat and edible meat offal 21,807.5 3.16 18,199.919.82
03 Fish and crustaceans, molluscs and other aquatic invertebrates 4,966.3 0.72 3,750.432.42
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 7,596.8 1.10 6,489.417.06
05 Products of animal origin, not elsewhere specified or included 17.0 0.00 20.2-15.79
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 51.7 0.01 61.5-15.86
07 Edible vegetables and certain roots and tubers 4,705.5 0.68 4,228.311.29
08 Edible fruit and nuts; peel of citrus fruit or melons 12,391.0 1.79 10,952.713.13
09 Coffee, tea, maté and spices 2,837.1 0.41 1,913.448.28
10 Cereals 740.3 0.11 733.90.87
11 Products of the milling industry; malt; starches; inulin; wheat gluten 163.1 0.02 195.8-16.71
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 379.1 0.05 354.27.01
13 Lac; gums, resins and other vegetable saps and extracts 21.4 0.00 37.6-43.24
14 Vegetable plaiting materials; vegetable products not elsewhere specified or included 7.9 0.00 3.3142.70
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 1,491.5 0.22 1,196.824.63
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 3,620.4 0.52 3,883.4-6.77
17 Sugars and sugar confectionery 983.5 0.14 975.20.85
18 Cocoa and cocoa preparations 1,384.9 0.20 1,190.516.33
19 Preparations of cereals, flour, starch or milk; bakers’ wares 11,086.8 1.60 12,425.1-10.77
20 Preparations of vegetables, fruit, nuts or other parts of plants 7,594.5 1.10 7,366.63.09
21 Miscellaneous edible preparations 10,766.3 1.56 9,785.010.03
22 Beverages, spirits and vinegar 17,987.2 2.60 14,994.819.96
23 Residues and waste from the food industries; prepared animal feed 2,980.1 0.43 2,963.10.57
24 Tobacco and manufactured tobacco substitutes 725.4 0.10 202.3258.60
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 1,403.8 0.20 1,486.1-5.54
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 106,001.5 15.34 53,022.699.92
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 1,265.2 0.18 2,997.7-57.79
29 Organic chemicals 498.8 0.07 325.953.03
30 Pharmaceutical products 10,534.7 1.52 7,627.038.12
31 Fertilizers 557.2 0.08 432.228.90
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 3,475.5 0.50 3,487.9-0.35
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 4,459.4 0.65 4,198.66.21
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 4,449.9 0.64 4,351.52.26
35 Albuminoidal substances; modified starches; glues; enzymes 185.5 0.03 208.7-11.10
36 Explosives; pyrotechnic products; matches; pyrophoric alloys; certain combustible preparations 92.9 0.01 32.2188.47
37 Photographic or cinematographic goods 256.0 0.04 127.5100.86
38 Miscellaneous chemical products 3,679.0 0.53 3,741.0-1.66
39 Plastics and articles thereof 11,454.7 1.66 11,450.80.03
40 Rubber and articles thereof 2,197.1 0.32 2,254.7-2.55
41 Raw hides and skins (other than furskins) and leather 86.0 0.01 6.01,337.26
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 613.4 0.09 609.80.60
43 Furskins and artificial fur; manufactures thereof 50.2 0.01 63.2-20.59
44 Wood and articles of wood; wood charcoal 6,144.8 0.89 6,387.4-3.80
46 Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork 0.0 0.00 21.2-100.00
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 8,214.9 1.19 7,579.08.39
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 2,476.7 0.36 1,994.224.19
50 Silk 3.6 0.00 0.0
52 Cotton 39.7 0.01 21.783.15
53 Other vegetable textile fibers; paper yarn and woven fabric of paper yarn 19.6 0.00 5.2279.72
54 Man-made filaments 45.8 0.01 23.892.89
55 Man-made staple fibers 73.6 0.01 20.0268.65
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 212.9 0.03 901.1-76.38
57 Carpets and other textile floor coverings 1,208.6 0.17 1,092.610.62
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 97.4 0.01 28.3244.00
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 45.3 0.01 178.9-74.67
60 Knitted or crocheted fabrics 16.9 0.00 27.7-39.10
61 Articles of apparel and clothing accessories, knitted or crocheted 2,053.4 0.30 1,650.824.38
62 Articles of apparel and clothing accessories, not knitted or crocheted 1,416.3 0.20 1,381.62.51
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 3,868.9 0.56 1,884.9105.26
64 Footwear, gaiters and the like; parts of such articles 2,213.0 0.32 2,037.98.59
65 Headgear and parts thereof 255.6 0.04 229.011.58
66 Umbrellas, sun umbrellas, walking sticks, seatsticks, whips, riding-crops and parts thereof 209.0 0.03 287.2-27.24
67 Prepared feathers and down and articles made of feathers or of down; artificial flowers; articles of human hair 90.8 0.01 106.9-15.11
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 2,223.1 0.32 2,337.9-4.91
69 Ceramic products 1,621.8 0.23 1,483.39.34
70 Glass and glassware 2,114.1 0.31 2,240.4-5.63
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 8,045.3 1.16 15,472.9-48.00
72 Iron and steel 1,762.0 0.26 1,508.316.82
73 Articles of iron or steel 6,574.3 0.95 3,949.566.46
74 Copper and articles thereof 652.5 0.09 381.271.17
75 Nickel and articles thereof 21.6 0.00 3.1607.19
76 Aluminum and articles thereof 4,399.3 0.64 3,555.123.74
78 Lead and articles thereof 3.6 0.00 29.3-87.76
79 Zinc and articles thereof 9.3 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 37.0-92.88
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 646.2 0.09 412.056.84
83 Miscellaneous articles of base metal 1,862.1 0.27 1,327.540.27
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 49,818.3 7.21 46,690.56.70
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 40,146.6 5.81 44,532.4-9.85
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 271.2 0.04 195.838.48
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 10,595.6 1.53 6,760.556.73
88 Aircraft, spacecraft, and parts thereof 116,905.6 16.92 154,449.9-24.31
89 Ships, boats and floating structures 11,427.3 1.65 10,559.78.22
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 29,035.3 4.20 25,994.011.70
91 Clocks and watches and parts thereof 3,280.6 0.47 2,042.360.63
92 Musical instruments; parts and accessories of such articles 89.3 0.01 64.239.16
93 Arms and ammunition; parts and accessories thereof 63.4 0.01 54.516.42
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 21,753.5 3.15 17,374.725.20
95 Toys, games and sports requisites; parts and accessories thereof 2,377.5 0.34 3,555.1-33.12
96 Miscellaneous manufactured articles 1,716.8 0.25 1,212.441.61
97 Works of art, collectors’ pieces and antiques 1,379.6 0.20 1,881.9-26.69
99 Commodities not specified according to kind 77,805.1 11.26 66,485.517.03

US Imports from Bermuda

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

  • Machinery, equipment and vehicles (HS codes 84-90) - 8.79% of US total imports from Bermuda (9.67% in 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 6.73% of US total imports from Bermuda (10.07% in 2016);
  • Metals and products from them (HS codes 72-83) - 2.81% of US total imports from Bermuda (2.08% in 2016);
  • Precious metals and stones (HS code 71) - 0.57% of US total imports from Bermuda (2.75% in 2016).

The largest gains in US imports from Bermuda in 2017 over 2016 were recorded for the following product groups:

  • Commodities not specified according to kind (HS code 99) - an increase of $9.3 million;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $0.9 million;
  • Aluminum and articles thereof (HS code 76) - an increase of $0.3 million;
  • Plastics and articles thereof (HS code 39) - an increase of $0.2 million;
  • Articles of iron or steel (HS code 73) - an increase of $0.2 million.

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

  • 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 $0.5 million;
  • Works of art, collectors’ pieces and antiques (HS code 97) - a decrease of $0.5 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 $0.3 million;
  • Beverages, spirits and vinegar (HS code 22) - a decrease of $0.2 million.
US imports from Bermuda in 2017 by product groups
HS
code
Name of product group Value
of imports
in 2017
(USD thousand)
Share
in total import
(%)
Value
of imports
in 2016
USD thousand)
Change
in 2017
over 2016
(%)
01 Live animals 81.5 0.24 95.6-14.75
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 3.3 0.01 0.0
19 Preparations of cereals, flour, starch or milk; bakers’ wares 4.5 0.01 2.0122.09
22 Beverages, spirits and vinegar 2,229.9 6.47 2,442.8-8.72
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 30.4 0.09 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 0.01 0.0
38 Miscellaneous chemical products 33.2 0.10 24.535.90
39 Plastics and articles thereof 214.9 0.62 2.39,450.27
40 Rubber and articles thereof 7.4 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) 10.6 0.03 0.0
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 23.3-100.00
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 78.6 0.23 132.5-40.66
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 0.8 0.00 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 0.8-100.00
62 Articles of apparel and clothing accessories, not knitted or crocheted 1.0 0.00 3.9-74.58
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 8.5 0.02 11.9-28.22
64 Footwear, gaiters and the like; parts of such articles 1.3 0.00 7.6-82.72
65 Headgear and parts thereof 0.0 0.00 1.7-100.00
69 Ceramic products 11.6 0.03 2.7324.76
70 Glass and glassware 14.9 0.04 21.5-30.46
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 196.0 0.57 693.5-71.74
72 Iron and steel 69.3 0.20 130.7-47.01
73 Articles of iron or steel 174.4 0.51 0.0
74 Copper and articles thereof 288.9 0.84 282.52.27
76 Aluminum and articles thereof 359.4 1.04 76.4370.36
78 Lead and articles thereof 71.3 0.21 28.1153.95
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 5.4 0.02 0.0
83 Miscellaneous articles of base metal 0.0 0.00 7.4-100.00
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 1,135.8 3.30 270.1320.56
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 1,486.3 4.31 1,825.7-18.59
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 23.5 0.07 0.0
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 13.8 0.04 30.8-55.14
89 Ships, boats and floating structures 21.2 0.06 10.2107.14
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 347.3 1.01 301.315.24
91 Clocks and watches and parts thereof 4.2 0.01 4.06.84
92 Musical instruments; parts and accessories of such articles 0.0 0.00 4.2-100.00
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 18.4 0.05 3.9367.86
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 220.4 0.64 689.5-68.03
99 Commodities not specified according to kind 27,279.8 79.18 17,991.151.63
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce