US trade with Bermuda in the 4th quarter of 2017

Published or Updated: May 12, 2018

The report on US foreign trade in goods with Bermuda in the 4th quarter of 2017: exports, imports, balance, product types and groups, dynamics.

US Trade with Bermuda

In the 4th quarter of 2017, US trade with Bermuda totaled $186.4 million, up 35.43% ($48.8 million) from the 4th quarter of 2016.

US exports to Bermuda in the 4th quarter of 2017 totaled $177.9 million, up 34.37% ($45.5 million) from the 4th quarter of 2016.

US imports from Bermuda in the 4th quarter of 2017 totaled $8.6 million, up 62.05% ($3.3 million) from the 4th quarter of 2016.

US trade surplus with Bermuda in the 4th quarter of 2017 was $169.3 million, a 33.22% increase ($42.2 million) over the 4th quarter of 2016.

Bermuda was the US 106th largest trading partner in the 4th quarter of 2017 (up from 111th in the 4th quarter of 2016), accounting for 0.0179% of US total trade (up from 0.0143% in the 4th quarter of 2016).

Bermuda was the US 83rd largest export market in the 4th quarter of 2017 (up from 92nd in the 4th quarter of 2016), accounting for 0.0436% of US total exports (up from 0.0349% in the 4th quarter of 2016).

Bermuda was the US 152nd largest supplier in the 4th quarter of 2017 (up from 153rd in the 4th quarter of 2016), accounting for 0.0013% of US total imports (up from 0.0009% in the 4th quarter of 2016).

US Exports to Bermuda

The major share of US exports to Bermuda in the 4th quarter of 2017 (and in the 4th quarter of 2016) was accounted for the following product types:

  • Mineral products (HS codes 25-27) - 38.94% of US total exports to Bermuda (4.13% in the 4th quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 15.93% of US total exports to Bermuda (18.10% in the 4th quarter of 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 14.48% of US total exports to Bermuda (44.71% in the 4th quarter of 2016);
  • Chemical products (HS codes 28-40) - 5.71% of US total exports to Bermuda (8.09% in the 4th quarter of 2016);
  • Wood and wood products (HS codes 44-49) - 2.20% of US total exports to Bermuda (3.18% in the 4th quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 2.03% of US total exports to Bermuda (2.02% in the 4th quarter of 2016);
  • Textiles, textile products and footwear (HS codes 50-67) - 0.97% of US total exports to Bermuda (1.41% in the 4th quarter of 2016);
  • Precious metals and stones (HS code 71) - 0.65% of US total exports to Bermuda (2.08% in the 4th quarter of 2016).

The largest gains in US exports to Bermuda in the 4th quarter of 2017 over the 4th quarter of 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 $63.8 million;
  • Commodities not specified according to kind (HS code 99) - an increase of $11.2 million;
  • Meat and edible meat offal (HS code 02) - an increase of $1.4 million;
  • Miscellaneous edible preparations (HS code 21) - an increase of $0.7 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 $0.6 million;
  • Aluminum and articles thereof (HS code 76) - an increase of $0.6 million.

The largest declines in US exports to Bermuda in the 4th quarter of 2017 over the 4th quarter of 2016 were recorded for the following product groups:

  • Aircraft, spacecraft, and parts thereof (HS code 88) - a decrease of $23.4 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 $7.1 million;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $2.2 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 $1.6 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 $1.0 million;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - a decrease of $0.7 million.
US exports to Bermuda in the 4th quarter of 2017 by product groups
HS
code
Name of product group Value
of exports
in Q4 2017
(USD thousand)
Share
in total export
(%)
Value
of exports
in Q4 2016
(USD thousand)
Change
in Q4 2017
over Q4 2016
(%)
01 Live animals 0.0 0.00 12.3-100.00
02 Meat and edible meat offal 5,656.5 3.18 4,304.231.42
03 Fish and crustaceans, molluscs and other aquatic invertebrates 1,102.5 0.62 757.845.48
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 1,969.0 1.11 1,712.914.95
05 Products of animal origin, not elsewhere specified or included 9.9 0.01 2.7266.27
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 25.5 0.01 11.1129.23
07 Edible vegetables and certain roots and tubers 1,209.1 0.68 993.721.67
08 Edible fruit and nuts; peel of citrus fruit or melons 2,982.1 1.68 2,694.810.66
09 Coffee, tea, maté and spices 1,068.1 0.60 554.192.76
10 Cereals 189.5 0.11 183.33.37
11 Products of the milling industry; malt; starches; inulin; wheat gluten 45.4 0.03 28.260.94
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 90.0 0.05 71.525.85
13 Lac; gums, resins and other vegetable saps and extracts 6.3 0.00 3.393.46
14 Vegetable plaiting materials; vegetable products not elsewhere specified or included 3.7 0.00 3.314.47
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 378.1 0.21 287.731.40
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 886.7 0.50 896.0-1.04
17 Sugars and sugar confectionery 231.5 0.13 153.650.75
18 Cocoa and cocoa preparations 392.6 0.22 299.631.05
19 Preparations of cereals, flour, starch or milk; bakers’ wares 2,985.9 1.68 3,129.9-4.60
20 Preparations of vegetables, fruit, nuts or other parts of plants 1,575.3 0.89 1,741.2-9.53
21 Miscellaneous edible preparations 2,649.4 1.49 1,983.233.59
22 Beverages, spirits and vinegar 3,531.0 1.99 3,360.65.07
23 Residues and waste from the food industries; prepared animal feed 949.0 0.53 699.635.65
24 Tobacco and manufactured tobacco substitutes 389.9 0.22 74.0426.74
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 465.4 0.26 493.9-5.78
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 68,794.4 38.68 4,973.51,283.21
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 227.8 0.13 1,241.4-81.65
29 Organic chemicals 66.4 0.04 48.038.33
30 Pharmaceutical products 2,214.9 1.25 1,913.215.77
31 Fertilizers 67.0 0.04 151.6-55.81
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 785.3 0.44 808.6-2.88
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 1,391.6 0.78 1,045.533.10
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 1,138.4 0.64 1,292.0-11.89
35 Albuminoidal substances; modified starches; glues; enzymes 56.1 0.03 48.416.03
36 Explosives; pyrotechnic products; matches; pyrophoric alloys; certain combustible preparations 0.0 0.00 3.6-100.00
37 Photographic or cinematographic goods 35.3 0.02 0.0
38 Miscellaneous chemical products 923.2 0.52 780.018.36
39 Plastics and articles thereof 2,686.5 1.51 2,459.99.21
40 Rubber and articles thereof 563.8 0.32 921.2-38.79
41 Raw hides and skins (other than furskins) and leather 35.2 0.02 6.0487.62
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 100.9 0.06 154.2-34.54
43 Furskins and artificial fur; manufactures thereof 46.6 0.03 0.0
44 Wood and articles of wood; wood charcoal 1,670.0 0.94 1,864.7-10.44
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 1,796.4 1.01 1,894.9-5.20
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 446.2 0.25 454.1-1.73
52 Cotton 0.0 0.00 7.1-100.00
55 Man-made staple fibers 8.5 0.00 4.588.86
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 53.6 0.03 29.383.34
57 Carpets and other textile floor coverings 339.9 0.19 265.328.11
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 5.9 0.00 7.6-22.33
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 10.2 0.01 55.6-81.72
60 Knitted or crocheted fabrics 0.0 0.00 9.2-100.00
61 Articles of apparel and clothing accessories, knitted or crocheted 324.9 0.18 203.559.64
62 Articles of apparel and clothing accessories, not knitted or crocheted 195.7 0.11 285.1-31.35
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 303.0 0.17 341.7-11.33
64 Footwear, gaiters and the like; parts of such articles 442.9 0.25 543.2-18.47
65 Headgear and parts thereof 10.2 0.01 32.4-68.49
66 Umbrellas, sun umbrellas, walking sticks, seatsticks, whips, riding-crops and parts thereof 19.0 0.01 53.4-64.49
67 Prepared feathers and down and articles made of feathers or of down; artificial flowers; articles of human hair 10.8 0.01 25.8-58.02
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 559.9 0.31 695.5-19.49
69 Ceramic products 329.7 0.19 262.925.40
70 Glass and glassware 626.5 0.35 478.430.95
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 1,155.0 0.65 2,751.4-58.02
72 Iron and steel 370.8 0.21 381.1-2.69
73 Articles of iron or steel 1,369.9 0.77 1,121.022.20
74 Copper and articles thereof 203.7 0.11 127.759.59
75 Nickel and articles thereof 0.0 0.00 3.1-100.00
76 Aluminum and articles thereof 1,203.2 0.68 612.496.45
79 Zinc and articles thereof 4.2 0.00 0.0
81 Other base metals; cermets; articles thereof 0.0 0.00 3.1-100.00
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 168.5 0.09 87.692.37
83 Miscellaneous articles of base metal 294.7 0.17 340.7-13.50
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 10,078.0 5.67 12,281.2-17.94
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 7,674.7 4.32 14,734.8-47.91
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 71.6 0.04 25.3182.85
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 1,568.2 0.88 2,299.0-31.79
88 Aircraft, spacecraft, and parts thereof 118.6 0.07 23,499.1-99.50
89 Ships, boats and floating structures 1,283.9 0.72 1,603.1-19.91
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 4,949.4 2.78 4,742.24.37
91 Clocks and watches and parts thereof 286.5 0.16 225.527.08
92 Musical instruments; parts and accessories of such articles 17.4 0.01 25.7-32.25
93 Arms and ammunition; parts and accessories thereof 8.5 0.00 25.2-66.24
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 5,251.2 2.95 4,647.412.99
95 Toys, games and sports requisites; parts and accessories thereof 653.9 0.37 739.6-11.58
96 Miscellaneous manufactured articles 427.6 0.24 240.477.85
97 Works of art, collectors’ pieces and antiques 508.4 0.29 93.9441.57
99 Commodities not specified according to kind 25,103.7 14.12 13,939.480.09

US Imports from Bermuda

The major share of US imports from Bermuda in the 4th quarter of 2017 (and in the 4th quarter of 2016) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 9.17% of US total imports from Bermuda (13.24% in the 4th quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 6.51% of US total imports from Bermuda (8.84% in the 4th quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 4.11% of US total imports from Bermuda (1.98% in the 4th quarter of 2016);
  • Chemical products (HS codes 28-40) - 1.41% of US total imports from Bermuda (0.04% in the 4th quarter of 2016);
  • Precious metals and stones (HS code 71) - 0.16% of US total imports from Bermuda (2.88% in the 4th quarter of 2016).

The largest gains in US imports from Bermuda in the 4th quarter of 2017 over the 4th quarter of 2016 were recorded for the following product groups:

  • Commodities not specified according to kind (HS code 99) - an increase of $2.9 million;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $0.5 million;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - 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;
  • Beverages, spirits and vinegar (HS code 22) - an increase of $0.1 million;
  • Lead and articles thereof (HS code 78) - an increase of $0.0 million.

The largest declines in US imports from Bermuda in the 4th quarter of 2017 over the 4th 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 $0.6 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;
  • Copper and articles thereof (HS code 74) - a decrease of $0.1 million;
  • Iron and steel (HS code 72) - a decrease of $0.0 million;
  • Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans (HS code 49) - a decrease of $0.0 million.
US imports from Bermuda in the 4th quarter of 2017 by product groups
HS
code
Name of product group Value
of imports
in Q4 2017
(USD thousand)
Share
in total import
(%)
Value
of imports
in Q4 2016
(USD thousand)
Change
in Q4 2017
over Q4 2016
(%)
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 3.3 0.04 0.0
22 Beverages, spirits and vinegar 553.4 6.47 466.518.62
39 Plastics and articles thereof 114.1 1.33 2.34,971.87
40 Rubber and articles thereof 6.1 0.07 0.0
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 0.8 0.01 0.0
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 0.0 0.00 5.3-100.00
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 3.0 0.04 29.4-89.78
62 Articles of apparel and clothing accessories, not knitted or crocheted 0.4 0.00 0.0
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 3.0 0.04 0.0
64 Footwear, gaiters and the like; parts of such articles 1.3 0.02 0.0
69 Ceramic products 11.6 0.14 0.0
70 Glass and glassware 0.0 0.00 16.9-100.00
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 13.7 0.16 152.1-91.01
72 Iron and steel 0.0 0.00 32.3-100.00
73 Articles of iron or steel 99.1 1.16 0.0
74 Copper and articles thereof 18.8 0.22 70.4-73.24
76 Aluminum and articles thereof 187.5 2.19 0.0
78 Lead and articles thereof 46.0 0.54 0.0
83 Miscellaneous articles of base metal 0.0 0.00 2.1-100.00
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 499.0 5.83 4.411,142.86
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 46.2 0.54 666.3-93.07
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 13.8 0.16 9.053.40
89 Ships, boats and floating structures 14.0 0.16 10.237.12
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 211.6 2.47 8.92,278.54
91 Clocks and watches and parts thereof 0.0 0.00 4.0-100.00
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 2.0 0.02 0.0
97 Works of art, collectors’ pieces and antiques 57.6 0.67 49.516.40
99 Commodities not specified according to kind 6,647.3 77.71 3,744.677.52
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce