US trade with Bermuda in the 3rd quarter of 2017

Published or Updated: Mar 28, 2018

The report on US foreign trade in goods with Bermuda in the 3rd quarter of 2017: exports, imports, balance, product types and groups, dynamics.

US Trade with Bermuda

In the 3rd quarter of 2017, US trade with Bermuda totaled $189.5 million, up 31.88% ($45.8 million) from the 3rd quarter of 2016.

US exports to Bermuda in the 3rd quarter of 2017 totaled $175.9 million, up 29.28% ($39.8 million) from the 3rd quarter of 2016.

US imports from Bermuda in the 3rd quarter of 2017 totaled $13.6 million, up 78.36% ($6.0 million) from the 3rd quarter of 2016.

US trade surplus with Bermuda in the 3rd quarter of 2017 was $162.3 million, a 26.36% increase ($33.9 million) over the 3rd quarter of 2016.

Bermuda was the US 98th largest trading partner in the 3rd quarter of 2017 (up from 110th in the 3rd quarter of 2016), accounting for 0.0192% of US total trade (up from 0.0175% in the 3rd quarter of 2016).

Bermuda was the US 85th largest export market in the 3rd quarter of 2017 (up from 91st in the 3rd quarter of 2016), accounting for 0.0461% of US total exports (up from 0.0393% in the 3rd quarter of 2016).

Bermuda was the US 138th largest supplier in the 3rd quarter of 2017 (up from 147th in the 3rd quarter of 2016), accounting for 0.0022% of US total imports (up from 0.0016% in the 3rd quarter of 2016).

US Exports to Bermuda

The major share of US exports to Bermuda in the 3rd quarter of 2017 (and in the 3rd quarter of 2016) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 49.73% of US total exports to Bermuda (29.45% in the 3rd quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 15.53% of US total exports to Bermuda (20.78% in the 3rd quarter of 2016);
  • Mineral products (HS codes 25-27) - 7.26% of US total exports to Bermuda (12.84% in the 3rd quarter of 2016);
  • Chemical products (HS codes 28-40) - 6.46% of US total exports to Bermuda (8.07% in the 3rd quarter of 2016);
  • Wood and wood products (HS codes 44-49) - 2.06% of US total exports to Bermuda (2.91% in the 3rd quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 1.95% of US total exports to Bermuda (2.26% in the 3rd quarter of 2016);
  • Textiles, textile products and footwear (HS codes 50-67) - 1.31% of US total exports to Bermuda (1.99% in the 3rd quarter of 2016);
  • Precious metals and stones (HS code 71) - 1.13% of US total exports to Bermuda (1.84% in the 3rd quarter of 2016).

The largest gains in US exports to Bermuda in the 3rd quarter of 2017 over the 3rd quarter of 2016 were recorded for the following product groups:

  • Aircraft, spacecraft, and parts thereof (HS code 88) - an increase of $57.7 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 $2.0 million;
  • Pharmaceutical products (HS code 30) - an increase of $1.6 million.

The largest declines in US exports to Bermuda in the 3rd quarter of 2017 over the 3rd quarter 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) - a decrease of $4.7 million;
  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - a decrease of $4.5 million;
  • Ships, boats and floating structures (HS code 89) - a decrease of $2.4 million;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $1.5 million;
  • Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes (HS code 28) - a decrease of $1.1 million;
  • Preparations of cereals, flour, starch or milk; bakers’ wares (HS code 19) - a decrease of $0.9 million;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - a decrease of $0.8 million;
  • Toys, games and sports requisites; parts and accessories thereof (HS code 95) - a decrease of $0.8 million;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $0.8 million;
  • Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof (HS code 56) - a decrease of $0.7 million.
US exports to Bermuda in the 3rd quarter of 2017 by product groups
HS
code
Name of product group Value
of exports
in Q3 2017
(USD thousand)
Share
in total export
(%)
Value
of exports
in Q3 2016
(USD thousand)
Change
in Q3 2017
over Q3 2016
(%)
01 Live animals 0.0 0.00 10.5-100.00
02 Meat and edible meat offal 5,330.2 3.03 4,890.48.99
03 Fish and crustaceans, molluscs and other aquatic invertebrates 1,262.9 0.72 1,165.98.32
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 1,732.9 0.99 1,744.6-0.67
05 Products of animal origin, not elsewhere specified or included 0.0 0.00 14.4-100.00
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 5.9 0.00 18.8-68.88
07 Edible vegetables and certain roots and tubers 1,272.8 0.72 1,238.82.74
08 Edible fruit and nuts; peel of citrus fruit or melons 3,399.9 1.93 3,107.39.42
09 Coffee, tea, maté and spices 524.7 0.30 422.724.13
10 Cereals 153.7 0.09 133.814.83
11 Products of the milling industry; malt; starches; inulin; wheat gluten 44.4 0.03 69.4-35.98
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 89.8 0.05 99.6-9.90
13 Lac; gums, resins and other vegetable saps and extracts 7.0 0.00 21.3-66.89
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 303.4 0.17 310.6-2.33
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 897.1 0.51 920.8-2.57
17 Sugars and sugar confectionery 237.5 0.14 293.1-18.98
18 Cocoa and cocoa preparations 214.7 0.12 291.3-26.32
19 Preparations of cereals, flour, starch or milk; bakers’ wares 2,511.1 1.43 3,409.7-26.35
20 Preparations of vegetables, fruit, nuts or other parts of plants 1,774.8 1.01 1,819.3-2.45
21 Miscellaneous edible preparations 2,389.4 1.36 2,691.5-11.22
22 Beverages, spirits and vinegar 4,461.0 2.54 4,753.8-6.16
23 Residues and waste from the food industries; prepared animal feed 621.9 0.35 819.0-24.07
24 Tobacco and manufactured tobacco substitutes 81.4 0.05 34.6135.10
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 325.6 0.19 506.1-35.66
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 12,446.5 7.08 16,963.5-26.63
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 298.9 0.17 1,395.3-78.58
29 Organic chemicals 209.8 0.12 77.1171.99
30 Pharmaceutical products 3,110.0 1.77 1,545.6101.22
31 Fertilizers 232.3 0.13 48.1382.76
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 811.8 0.46 825.3-1.64
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 1,009.1 0.57 1,227.2-17.77
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 1,225.9 0.70 1,207.31.55
35 Albuminoidal substances; modified starches; glues; enzymes 76.6 0.04 78.8-2.73
36 Explosives; pyrotechnic products; matches; pyrophoric alloys; certain combustible preparations 5.3 0.00 17.4-69.82
37 Photographic or cinematographic goods 87.9 0.05 104.8-16.16
38 Miscellaneous chemical products 844.6 0.48 994.5-15.07
39 Plastics and articles thereof 2,865.0 1.63 3,075.6-6.85
40 Rubber and articles thereof 587.2 0.33 383.553.12
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 157.9 0.09 214.3-26.31
43 Furskins and artificial fur; manufactures thereof 0.0 0.00 13.2-100.00
44 Wood and articles of wood; wood charcoal 1,263.9 0.72 1,541.6-18.02
46 Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork 0.0 0.00 8.0-100.00
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 1,994.5 1.13 1,932.03.23
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 357.2 0.20 484.4-26.26
50 Silk 3.6 0.00 0.0
54 Man-made filaments 14.4 0.01 12.118.47
55 Man-made staple fibers 38.3 0.02 0.0
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 60.9 0.03 714.1-91.48
57 Carpets and other textile floor coverings 286.0 0.16 203.940.29
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 14.3 0.01 0.0
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 14.3 0.01 48.6-70.50
60 Knitted or crocheted fabrics 8.0 0.00 2.6207.88
61 Articles of apparel and clothing accessories, knitted or crocheted 378.6 0.22 342.810.45
62 Articles of apparel and clothing accessories, not knitted or crocheted 419.2 0.24 413.71.34
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 319.2 0.18 328.0-2.68
64 Footwear, gaiters and the like; parts of such articles 654.1 0.37 508.128.72
65 Headgear and parts thereof 47.9 0.03 55.2-13.30
66 Umbrellas, sun umbrellas, walking sticks, seatsticks, whips, riding-crops and parts thereof 23.9 0.01 61.3-61.03
67 Prepared feathers and down and articles made of feathers or of down; artificial flowers; articles of human hair 21.5 0.01 16.034.46
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 397.7 0.23 535.1-25.68
69 Ceramic products 283.6 0.16 305.3-7.11
70 Glass and glassware 551.9 0.31 432.727.54
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 1,991.9 1.13 2,507.2-20.55
72 Iron and steel 525.8 0.30 306.771.45
73 Articles of iron or steel 677.7 0.39 1,171.9-42.17
74 Copper and articles thereof 184.9 0.11 120.553.43
75 Nickel and articles thereof 17.6 0.01 0.0
76 Aluminum and articles thereof 1,253.2 0.71 990.026.59
78 Lead and articles thereof 0.0 0.00 2.6-100.00
81 Other base metals; cermets; articles thereof 0.0 0.00 3.5-100.00
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 112.5 0.06 120.3-6.50
83 Miscellaneous articles of base metal 660.0 0.38 365.480.64
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 12,378.2 7.04 13,154.3-5.90
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 8,404.5 4.78 13,112.5-35.90
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 35.3 0.02 45.3-22.05
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 1,102.1 0.63 1,939.6-43.18
88 Aircraft, spacecraft, and parts thereof 57,811.3 32.86 116.749,419.32
89 Ships, boats and floating structures 562.4 0.32 2,984.9-81.16
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 7,186.1 4.09 8,720.9-17.60
91 Clocks and watches and parts thereof 435.8 0.25 468.3-6.95
92 Musical instruments; parts and accessories of such articles 10.0 0.01 28.7-65.34
93 Arms and ammunition; parts and accessories thereof 6.7 0.00 7.0-4.63
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 6,437.8 3.66 4,435.445.14
95 Toys, games and sports requisites; parts and accessories thereof 582.0 0.33 1,403.3-58.53
96 Miscellaneous manufactured articles 403.3 0.23 305.332.10
97 Works of art, collectors’ pieces and antiques 48.7 0.03 311.4-84.37

US Imports from Bermuda

The major share of US imports from Bermuda in the 3rd quarter of 2017 (and in the 3rd quarter of 2016) was accounted for the following product types:

  • Food products and agricultural raw materials (HS codes 01-24) - 4.98% of US total imports from Bermuda (5.42% in the 3rd quarter of 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 4.40% of US total imports from Bermuda (15.33% in the 3rd quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 2.75% of US total imports from Bermuda (2.13% in the 3rd quarter of 2016);
  • Precious metals and stones (HS code 71) - 0.34% of US total imports from Bermuda (1.81% in the 3rd quarter of 2016).

The largest gains in US imports from Bermuda in the 3rd quarter of 2017 over the 3rd quarter of 2016 were recorded for the following product groups:

  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $0.5 million;
  • Beverages, spirits and vinegar (HS code 22) - an increase of $0.2 million;
  • Aluminum and articles thereof (HS code 76) - an increase of $0.2 million;
  • Plastics and articles thereof (HS code 39) - an increase of $0.1 million;
  • Articles of iron or steel (HS code 73) - an increase of $0.1 million;
  • Live animals (HS code 01) - an increase of $0.0 million.

The largest declines in US imports from Bermuda in the 3rd quarter of 2017 over the 3rd quarter 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) - a decrease of $1.1 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 $0.1 million.
US imports from Bermuda in the 3rd quarter of 2017 by product groups
HS
code
Name of product group Value
of imports
in Q3 2017
(USD thousand)
Share
in total import
(%)
Value
of imports
in Q3 2016
(USD thousand)
Change
in Q3 2017
over Q3 2016
(%)
01 Live animals 72.0 0.53 26.6170.68
22 Beverages, spirits and vinegar 606.4 4.45 387.156.66
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 8.8 0.06 0.0
38 Miscellaneous chemical products 21.5 0.16 12.275.93
39 Plastics and articles thereof 100.8 0.74 0.0
40 Rubber and articles thereof 1.4 0.01 0.0
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 9.8 0.07 0.0
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 0.0 0.00 13.5-100.00
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 6.9 0.05 19.9-65.35
61 Articles of apparel and clothing accessories, knitted or crocheted 0.0 0.00 0.5-100.00
62 Articles of apparel and clothing accessories, not knitted or crocheted 0.6 0.00 3.1-80.95
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 3.6 0.03 3.9-6.36
65 Headgear and parts thereof 0.0 0.00 0.9-100.00
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 46.2 0.34 138.1-66.54
72 Iron and steel 9.7 0.07 36.8-73.62
73 Articles of iron or steel 75.3 0.55 0.0
74 Copper and articles thereof 109.4 0.80 120.2-9.02
76 Aluminum and articles thereof 155.1 1.14 0.0
78 Lead and articles thereof 25.3 0.19 0.0
83 Miscellaneous articles of base metal 0.0 0.00 5.4-100.00
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 516.7 3.79 28.51,713.89
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 44.2 0.32 1,113.8-96.03
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 0.17 0.0
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 0.0 0.00 8.2-100.00
89 Ships, boats and floating structures 4.4 0.03 0.0
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 10.7 0.08 20.3-47.52
91 Clocks and watches and parts thereof 4.2 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 16.4 0.12 0.0
97 Works of art, collectors’ pieces and antiques 50.6 0.37 83.2-39.14
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce