US trade with Bermuda in the first nine months of 2017

Published or Updated: May 12, 2018

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

US Trade with Bermuda

In the first nine months of 2017, US trade with Bermuda totaled $538.9 million, up 2.38% ($12.5 million) from the first nine months of 2016.

US exports to Bermuda in the first nine months of 2017 totaled $513.0 million, up 1.30% ($6.6 million) from the first nine months of 2016.

US imports from Bermuda in the first nine months of 2017 totaled $25.9 million, up 29.89% ($6.0 million) from the first nine months of 2016.

US trade surplus with Bermuda in the first nine months of 2017 was $487.2 million, a 0.13% increase ($0.6 million) over the first nine months of 2016.

Bermuda was the US 103rd largest trading partner in the first nine months of 2017 (up from 105th in the first nine months of 2016), accounting for 0.0185% of US total trade (down from 0.0201% in the first nine months of 2016).

Bermuda was the US 85th largest export market in the first nine months of 2017 (up from 86th in the first nine months of 2016), accounting for 0.0451% of US total exports (down from 0.0479% in the first nine months of 2016).

Bermuda was the US 147th largest supplier in the first nine months of 2017 (up from 150th in the first nine months of 2016), accounting for 0.0015% of US total imports (up from 0.0013% in the first nine months of 2016).

US Exports to Bermuda

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

  • Machinery, equipment and vehicles (HS codes 84-90) - 45.31% of US total exports to Bermuda (45.41% in the first nine months of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 16.76% of US total exports to Bermuda (15.40% in the first nine months of 2016);
  • Mineral products (HS codes 25-27) - 7.44% of US total exports to Bermuda (9.68% in the first nine months of 2016);
  • Chemical products (HS codes 28-40) - 6.42% of US total exports to Bermuda (6.03% in the first nine months of 2016);
  • Wood and wood products (HS codes 44-49) - 2.52% of US total exports to Bermuda (2.32% in the first nine months of 2016);
  • Metals and products from them (HS codes 72-83) - 2.40% of US total exports to Bermuda (1.68% in the first nine months of 2016);
  • Textiles, textile products and footwear (HS codes 50-67) - 1.98% of US total exports to Bermuda (1.58% in the first nine months of 2016);
  • Precious metals and stones (HS code 71) - 1.34% of US total exports to Bermuda (2.51% in the first nine months of 2016).

The largest gains in US exports to Bermuda in the first nine months of 2017 over the first nine months of 2016 were recorded for the following product groups:

  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $5.3 million;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - an increase of $4.6 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 $3.8 million;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $2.8 million;
  • Beverages, spirits and vinegar (HS code 22) - an increase of $2.8 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 $2.7 million;
  • Pharmaceutical products (HS code 30) - an increase of $2.6 million;
  • Articles of iron or steel (HS code 73) - an increase of $2.4 million;
  • Meat and edible meat offal (HS code 02) - an increase of $2.3 million;
  • Other made up textile articles; sets; worn clothing and worn textile articles; rags (HS code 63) - an increase of $2.0 million.

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

  • Aircraft, spacecraft, and parts thereof (HS code 88) - a decrease of $14.2 million;
  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - a decrease of $10.8 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 $5.8 million.
US exports to Bermuda in the first nine months of 2017 by product groups
HS
code
Name of product group Value
of exports
in first 9 months 2017
(USD thousand)
Share
in total export
(%)
Value
of exports
in first 9 months 2016
(USD thousand)
Change
in first 9 months 2017
over first 9 months 2016
(%)
01 Live animals 5.0 0.00 16.7-69.98
02 Meat and edible meat offal 16,151.0 3.15 13,895.716.23
03 Fish and crustaceans, molluscs and other aquatic invertebrates 3,863.8 0.75 2,992.529.11
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 5,627.7 1.10 4,776.517.82
05 Products of animal origin, not elsewhere specified or included 7.1 0.00 17.5-59.16
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 26.2 0.01 50.4-47.92
07 Edible vegetables and certain roots and tubers 3,496.4 0.68 3,234.68.09
08 Edible fruit and nuts; peel of citrus fruit or melons 9,408.9 1.83 8,257.813.94
09 Coffee, tea, maté and spices 1,769.0 0.34 1,359.330.14
10 Cereals 550.8 0.11 550.60.04
11 Products of the milling industry; malt; starches; inulin; wheat gluten 117.7 0.02 167.6-29.78
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 289.1 0.06 282.72.24
13 Lac; gums, resins and other vegetable saps and extracts 15.0 0.00 34.4-56.27
14 Vegetable plaiting materials; vegetable products not elsewhere specified or included 4.2 0.00 0.0
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 1,113.4 0.22 909.022.48
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 2,733.7 0.53 2,987.4-8.49
17 Sugars and sugar confectionery 752.0 0.15 821.7-8.48
18 Cocoa and cocoa preparations 992.3 0.19 890.911.38
19 Preparations of cereals, flour, starch or milk; bakers’ wares 8,101.0 1.58 9,295.1-12.85
20 Preparations of vegetables, fruit, nuts or other parts of plants 6,019.2 1.17 5,625.57.00
21 Miscellaneous edible preparations 8,116.9 1.58 7,801.84.04
22 Beverages, spirits and vinegar 14,456.2 2.82 11,634.224.26
23 Residues and waste from the food industries; prepared animal feed 2,031.2 0.40 2,263.5-10.27
24 Tobacco and manufactured tobacco substitutes 335.5 0.07 128.3161.58
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 938.4 0.18 992.2-5.42
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 37,207.1 7.25 48,049.1-22.56
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 1,037.4 0.20 1,756.3-40.93
29 Organic chemicals 432.3 0.08 277.955.57
30 Pharmaceutical products 8,319.7 1.62 5,713.745.61
31 Fertilizers 490.2 0.10 280.774.64
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 2,690.2 0.52 2,679.30.41
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 3,067.8 0.60 3,153.0-2.70
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 3,311.5 0.65 3,059.58.24
35 Albuminoidal substances; modified starches; glues; enzymes 129.4 0.03 160.3-19.28
36 Explosives; pyrotechnic products; matches; pyrophoric alloys; certain combustible preparations 92.9 0.02 28.6224.21
37 Photographic or cinematographic goods 220.7 0.04 127.573.15
38 Miscellaneous chemical products 2,755.7 0.54 2,961.0-6.93
39 Plastics and articles thereof 8,768.3 1.71 8,990.9-2.48
40 Rubber and articles thereof 1,633.3 0.32 1,333.522.48
41 Raw hides and skins (other than furskins) and leather 50.9 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) 512.5 0.10 455.612.50
43 Furskins and artificial fur; manufactures thereof 3.6 0.00 63.2-94.34
44 Wood and articles of wood; wood charcoal 4,474.8 0.87 4,522.7-1.06
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 6,418.5 1.25 5,684.112.92
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 2,030.5 0.40 1,540.231.83
50 Silk 3.6 0.00 0.0
52 Cotton 39.7 0.01 14.6172.49
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 65.0 0.01 15.4321.22
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 159.2 0.03 871.9-81.74
57 Carpets and other textile floor coverings 868.7 0.17 827.35.01
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 91.5 0.02 20.8341.12
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 35.2 0.01 123.3-71.49
60 Knitted or crocheted fabrics 16.9 0.00 18.5-8.88
61 Articles of apparel and clothing accessories, knitted or crocheted 1,728.4 0.34 1,447.319.43
62 Articles of apparel and clothing accessories, not knitted or crocheted 1,220.5 0.24 1,096.511.31
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 3,565.9 0.70 1,543.2131.07
64 Footwear, gaiters and the like; parts of such articles 1,770.1 0.35 1,494.718.43
65 Headgear and parts thereof 245.3 0.05 196.624.79
66 Umbrellas, sun umbrellas, walking sticks, seatsticks, whips, riding-crops and parts thereof 190.0 0.04 233.8-18.73
67 Prepared feathers and down and articles made of feathers or of down; artificial flowers; articles of human hair 79.9 0.02 81.1-1.46
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 1,663.2 0.32 1,642.51.26
69 Ceramic products 1,292.1 0.25 1,220.35.88
70 Glass and glassware 1,487.7 0.29 1,761.9-15.57
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 6,890.3 1.34 12,721.5-45.84
72 Iron and steel 1,391.1 0.27 1,127.223.41
73 Articles of iron or steel 5,204.5 1.01 2,828.584.00
74 Copper and articles thereof 448.7 0.09 253.576.99
75 Nickel and articles thereof 21.6 0.00 0.0
76 Aluminum and articles thereof 3,196.2 0.62 2,942.78.61
78 Lead and articles thereof 3.6 0.00 29.3-87.76
79 Zinc and articles thereof 5.1 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 33.9-92.24
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 477.7 0.09 324.447.24
83 Miscellaneous articles of base metal 1,567.4 0.31 986.858.83
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 39,740.4 7.75 34,409.315.49
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 32,471.9 6.33 29,797.68.97
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 199.6 0.04 170.517.05
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 9,027.4 1.76 4,461.5102.34
88 Aircraft, spacecraft, and parts thereof 116,787.0 22.76 130,950.8-10.82
89 Ships, boats and floating structures 10,143.4 1.98 8,956.613.25
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 24,085.9 4.69 21,251.813.34
91 Clocks and watches and parts thereof 2,994.0 0.58 1,816.864.80
92 Musical instruments; parts and accessories of such articles 72.0 0.01 38.586.69
93 Arms and ammunition; parts and accessories thereof 54.9 0.01 29.287.83
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 16,502.3 3.22 12,727.429.66
95 Toys, games and sports requisites; parts and accessories thereof 1,723.6 0.34 2,815.5-38.78
96 Miscellaneous manufactured articles 1,289.2 0.25 972.032.64
97 Works of art, collectors’ pieces and antiques 871.2 0.17 1,788.0-51.27
99 Commodities not specified according to kind 52,701.4 10.27 52,546.20.30

US Imports from Bermuda

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

  • Machinery, equipment and vehicles (HS codes 84-90) - 8.66% of US total imports from Bermuda (8.72% in the first nine months of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 6.81% of US total imports from Bermuda (10.40% in the first nine months of 2016);
  • Metals and products from them (HS codes 72-83) - 2.38% of US total imports from Bermuda (2.11% in the first nine months of 2016);
  • Precious metals and stones (HS code 71) - 0.70% of US total imports from Bermuda (2.72% in the first nine months of 2016).

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

  • Commodities not specified according to kind (HS code 99) - an increase of $6.4 million;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $0.4 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) - an increase of $0.3 million;
  • Plastics and articles thereof (HS code 39) - an increase of $0.1 million;
  • Aluminum and articles thereof (HS code 76) - an increase of $0.1 million.

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

  • Works of art, collectors’ pieces and antiques (HS code 97) - a decrease of $0.5 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 $0.4 million;
  • Beverages, spirits and vinegar (HS code 22) - a decrease of $0.3 million;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $0.2 million.
US imports from Bermuda in the first nine months of 2017 by product groups
HS
code
Name of product group Value
of imports
in first 9 months 2017
(USD thousand)
Share
in total import
(%)
Value
of imports
in first 9 months 2016
(USD thousand)
Change
in first 9 months 2017
over first 9 months 2016
(%)
01 Live animals 81.5 0.31 95.6-14.75
19 Preparations of cereals, flour, starch or milk; bakers’ wares 4.5 0.02 2.0122.09
22 Beverages, spirits and vinegar 1,676.5 6.47 1,976.3-15.17
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 0.12 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 0.13 24.535.90
39 Plastics and articles thereof 100.8 0.39 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 0.04 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 18.0-100.00
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 75.6 0.29 103.1-26.67
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 0.6 0.00 3.9-84.84
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 5.5 0.02 11.9-53.88
64 Footwear, gaiters and the like; parts of such articles 0.0 0.00 7.6-100.00
65 Headgear and parts thereof 0.0 0.00 1.7-100.00
69 Ceramic products 0.0 0.00 2.7-100.00
70 Glass and glassware 14.9 0.06 4.6223.61
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 182.3 0.70 541.4-66.33
72 Iron and steel 69.3 0.27 98.4-29.62
73 Articles of iron or steel 75.3 0.29 0.0
74 Copper and articles thereof 270.1 1.04 212.127.32
76 Aluminum and articles thereof 171.9 0.66 76.4125.00
78 Lead and articles thereof 25.3 0.10 28.1-10.00
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 5.4-100.00
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 636.8 2.46 265.6139.75
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 1,440.2 5.56 1,159.424.22
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 0.09 0.0
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 0.0 0.00 21.8-100.00
89 Ships, boats and floating structures 7.2 0.03 0.0
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 135.7 0.52 292.4-53.60
91 Clocks and watches and parts thereof 4.2 0.02 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 0.06 3.9317.09
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 162.8 0.63 640.0-74.56
99 Commodities not specified according to kind 20,632.4 79.67 14,246.544.82
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce