Summary
- Exports
- $249million
- Imports
- $3.2billion
- Trade balance
- -$2.9billion
Products
What it exports
Cargo and cruise ships (73.5%) and aircraft parts (11.2%) together make up 84.7% of its exports.
What it imports
Cargo and cruise ships (60.7%) and refined petroleum (7.5%) together make up 68.2% of its imports.
By Harmonized System chapter (96)
| Chapter | Exports | Imports |
|---|---|---|
| 89 · Ships and boats | $184 million | $1.9 billion |
| 88 · Aircraft and spacecraft | $28 million | $643 thousand |
| 84 · Mechanical machinery | $13 million | $103 million |
| 86 · Railway equipment | $5 million | $14 million |
| 85 · Electrical and electronic equipment | $4 million | $66 million |
| 22 · Beverages and spirits | $4 million | $52 million |
| 90 · Precision and medical instruments | $2 million | $24 million |
| 71 · Gems and precious metals | $1 million | $3 million |
| 97 · Art and antiques | $1 million | $9 million |
| 91 · Watches and clocks | $474 thousand | $6 million |
| 73 · Iron and steel products | $399 thousand | $20 million |
| 27 · Oil, gas and coal | $388 thousand | $242 million |
| 95 · Toys and sports gear | $361 thousand | $10 million |
| 74 · Copper | $344 thousand | $1 million |
| 83 · Miscellaneous metal goods | $338 thousand | $5 million |
| 82 · Tools and cutlery | $337 thousand | $4 million |
| 21 · Food preparations | $274 thousand | $23 million |
| 33 · Perfumes and cosmetics | $198 thousand | $14 million |
| 87 · Vehicles | $194 thousand | $58 million |
| 31 · Fertilizers | $183 thousand | $680 thousand |
| 19 · Baked goods and cereal products | $162 thousand | $23 million |
| 39 · Plastics | $157 thousand | $36 million |
| 42 · Leather goods and bags | $149 thousand | $5 million |
| 78 · Lead | $146 thousand | $96 thousand |
| 02 · Meat and offal | $141 thousand | $32 million |
| 62 · Woven clothing | $127 thousand | $21 million |
| 40 · Rubber | $126 thousand | $5 million |
| 49 · Books and printed matter | $124 thousand | $106 million |
| 94 · Furniture and lighting | $110 thousand | $52 million |
| 20 · Preserved fruit and vegetables | $105 thousand | $14 million |
| 48 · Paper and paperboard | $94 thousand | $16 million |
| 30 · Pharmaceuticals | $90 thousand | $40 million |
| 63 · Home textiles and used clothing | $84 thousand | $10 million |
| 38 · Miscellaneous chemicals | $82 thousand | $6 million |
| 69 · Ceramics | $82 thousand | $5 million |
| 76 · Aluminum | $71 thousand | $7 million |
| 03 · Fish and seafood | $48 thousand | $15 million |
| 59 · Coated and technical textiles | $46 thousand | $476 thousand |
| 34 · Soap and cleaning products | $43 thousand | $10 million |
| 61 · Knitted clothing | $42 thousand | $12 million |
| 24 · Tobacco | $33 thousand | $3 million |
| 56 · Felt, nonwovens and rope | $29 thousand | $627 thousand |
| 92 · Musical instruments | $29 thousand | $428 thousand |
| 64 · Footwear | $27 thousand | $8 million |
| 01 · Live animals | $25 thousand | $813 thousand |
| 32 · Dyes, paints and tanning agents | $21 thousand | $9 million |
| 18 · Cocoa and chocolate | $18 thousand | $4 million |
| 07 · Vegetables | $17 thousand | $16 million |
| 04 · Dairy, eggs and honey | $15 thousand | $21 million |
| 96 · Other manufactured goods | $12 thousand | $3 million |
| 70 · Glass | $11 thousand | $5 million |
| 08 · Fruit and nuts | $11 thousand | $19 million |
| 65 · Hats | $11 thousand | $2 million |
| 35 · Glues, starches and enzymes | $8 thousand | $969 thousand |
| 44 · Wood | $7 thousand | $11 million |
| 72 · Iron and steel | $4 thousand | $2 million |
| 68 · Stone, plaster and cement articles | $4 thousand | $6 million |
| 16 · Prepared meat and fish | $3 thousand | $16 million |
| 17 · Sugar and sweets | $3 thousand | $5 million |
| 09 · Coffee, tea and spices | $3 thousand | $5 million |
| 46 · Wicker and basketware | $3 thousand | $148 thousand |
| 41 · Hides and leather | $3 thousand | $5 thousand |
| 54 · Synthetic filaments | $2 thousand | $138 thousand |
| 57 · Carpets and rugs | $2 thousand | $4 million |
| 81 · Other base metals | $2 thousand | $6 thousand |
| 52 · Cotton | $2 thousand | $297 thousand |
| 15 · Fats and oils | $1 thousand | $5 million |
| 25 · Salt, stone and cement | $984 | $5 million |
| 06 · Live plants and flowers | $628 | $2 million |
| 10 · Cereals | $612 | $2 million |
| 60 · Knitted fabric | $350 | $23 thousand |
| 29 · Organic chemicals | $217 | $851 thousand |
| 05 · Other animal products | $134 | $124 thousand |
| 53 · Other plant fibers | $127 | $39 thousand |
| 58 · Special fabrics and lace | $126 | $195 thousand |
| 45 · Cork | $95 | $16 thousand |
| 55 · Synthetic staple fibers | $81 | $172 thousand |
| 75 · Nickel | $57 | $12 thousand |
| 12 · Oilseeds and grains | $21 | $2 million |
| 28 · Inorganic chemicals | $15 | $2 million |
| 23 · Animal feed and food waste | $0 | $3 million |
| 11 · Milling products and malt | $0 | $2 million |
| 67 · Feathers and artificial flowers | $0 | $975 thousand |
| 66 · Umbrellas and canes | $0 | $596 thousand |
| 37 · Photographic goods | $0 | $212 thousand |
| 13 · Gums and plant extracts | $0 | $134 thousand |
| 50 · Silk | $0 | $127 thousand |
| 93 · Weapons and ammunition | $0 | $102 thousand |
| 36 · Explosives and matches | $0 | $90 thousand |
| 79 · Zinc | $0 | $38 thousand |
| 43 · Fur and fur goods | $0 | $33 thousand |
| 51 · Wool | $0 | $31 thousand |
| 26 · Ores and slag | $0 | $21 thousand |
| 47 · Wood pulp | $0 | $17 thousand |
| 80 · Tin | $0 | $12 thousand |
| 14 · Other plant products | $0 | $7 thousand |
Trading partners
Its main destination is Cyprus (73.5% of exports) and its main source is South Korea (61% of imports).
Who it sells to
| Partner | Value (USD millions) | Share | Mode |
|---|---|---|---|
| Cyprus | 183 | 73.5% | Sea |
| United States | 39.7 | 16% | Air |
| Spain | 4.4 | 1.8% | Air |
| United Kingdom | 4.2 | 1.7% | Air |
| Angola | 3.9 | 1.6% | Air |
| South Africa | 2.9 | 1.2% | Sea |
| France | 1.8 | 0.71% | Air |
| Georgia | 1.5 | 0.6% | Air |
| Dominican Republic | 1.3 | 0.54% | Sea |
| Brazil | 0.85 | 0.34% | — |
Who it buys from
| Partner | Value (USD billions) | Share | Mode |
|---|---|---|---|
| South Korea | 1.9 | 61% | Sea |
| United States | 0.89 | 28.1% | Sea |
| Canada | 0.09 | 2.9% | Sea |
| United Kingdom | 0.05 | 1.7% | Air |
| China | 0.03 | 0.97% | Sea |
| Greece | 0.03 | 0.83% | Sea |
| Brazil | 0.01 | 0.41% | Sea |
| Italy | 0.01 | 0.4% | Sea |
| Japan | 0.01 | 0.34% | Sea |
| France | 0.01 | 0.32% | Sea |
Overview 1995–2024
In 2024, Bermuda accounted for 0% of world exports, compared with 0% in 1995.
Exports and imports
Exports are about the same as in 1995
USD billions (current). Bars: trade balance (green surplus, red deficit).
- Exports 0.2
- Imports 3.2
- Balance -2.9
Source: CEPII BACI
Show the numbers
| Year | Exports | Imports | Trade balance |
|---|---|---|---|
| 1995 | $234 million | $1.2 billion | -$923 million |
| 1996 | $230 million | $931 million | -$701 million |
| 1997 | $265 million | $1.6 billion | -$1.3 billion |
| 1998 | $147 million | $1.2 billion | -$1 billion |
| 1999 | $144 million | $1.4 billion | -$1.2 billion |
| 2000 | $174 million | $2.9 billion | -$2.7 billion |
| 2001 | $238 million | $3.1 billion | -$2.8 billion |
| 2002 | $123 million | $4.2 billion | -$4.1 billion |
| 2003 | $361 million | $3.6 billion | -$3.2 billion |
| 2004 | $162 million | $2.9 billion | -$2.7 billion |
| 2005 | $415 million | $1.9 billion | -$1.5 billion |
| 2006 | $506 million | $4.3 billion | -$3.8 billion |
| 2007 | $251 million | $4 billion | -$3.8 billion |
| 2008 | $1.7 billion | $4.2 billion | -$2.6 billion |
| 2009 | $201 million | $2.1 billion | -$1.9 billion |
| 2010 | $763 million | $3.6 billion | -$2.8 billion |
| 2011 | $595 million | $3.9 billion | -$3.3 billion |
| 2012 | $232 million | $2.6 billion | -$2.3 billion |
| 2013 | $375 million | $2.6 billion | -$2.2 billion |
| 2014 | $56 million | $3.2 billion | -$3.2 billion |
| 2015 | $366 million | $3.6 billion | -$3.2 billion |
| 2016 | $419 million | $3.2 billion | -$2.8 billion |
| 2017 | $150 million | $2 billion | -$1.8 billion |
| 2018 | $257 million | $1.7 billion | -$1.4 billion |
| 2019 | $584 million | $1.4 billion | -$814 million |
| 2020 | $263 million | $2.5 billion | -$2.2 billion |
| 2021 | $242 million | $2.2 billion | -$1.9 billion |
| 2022 | $71 million | $1.8 billion | -$1.7 billion |
| 2023 | $266 million | $1.5 billion | -$1.2 billion |
| 2024 | $249 million | $3.2 billion | -$2.9 billion |
World rank
Bermuda fell from 149th to 178th among the world's exporters
Rank among 222 countries by export value (1st at the top).
- 149th in 1995
- 178th in 2024
Source: CEPII BACI
Show the numbers
| Year | Rank |
|---|---|
| 1995 | 149th |
| 1996 | 151st |
| 1997 | 154th |
| 1998 | 161st |
| 1999 | 164th |
| 2000 | 167th |
| 2001 | 163rd |
| 2002 | 173rd |
| 2003 | 163rd |
| 2004 | 176th |
| 2005 | 165th |
| 2006 | 164th |
| 2007 | 177th |
| 2008 | 144th |
| 2009 | 179th |
| 2010 | 160th |
| 2011 | 170th |
| 2012 | 185th |
| 2013 | 177th |
| 2014 | 199th |
| 2015 | 178th |
| 2016 | 174th |
| 2017 | 190th |
| 2018 | 180th |
| 2019 | 167th |
| 2020 | 176th |
| 2021 | 181st |
| 2022 | 199th |
| 2023 | 180th |
| 2024 | 178th |
What it sells
Its top export group is still ships and boats: 74% in 2024
% of exports by Harmonized System chapter.
- Other 3%
- Gems and precious metals 1%
- Precision and medical instruments 1%
- Beverages and spirits 1%
- Electrical and electronic equipment 2%
- Railway equipment 2%
- Mechanical machinery 5%
- Aircraft and spacecraft 11%
- Ships and boats 74%
Source: CEPII BACI
Show the numbers
| Chapter | 1995 | 2024 |
|---|---|---|
| Ships and boats | 41% | 74% |
| Aircraft and spacecraft | 0.01% | 11.2% |
| Mechanical machinery | 1.4% | 5.1% |
| Railway equipment | 0.01% | 2.2% |
| Electrical and electronic equipment | 0.25% | 1.8% |
| Beverages and spirits | 2.2% | 1.5% |
| Precision and medical instruments | 1.6% | 0.87% |
| Gems and precious metals | 0.43% | 0.52% |
| Other | 53.2% | 2.8% |
Who it trades with
South Korea went from 4% to 57% of Bermuda's trade
% of total trade (exports + imports) with each partner.
- South Korea 57%
- United States 27%
- Cyprus 5%
- Canada 3%
- United Kingdom 2%
Source: CEPII BACI
Show the numbers
| Partner | 1995 | 2024 |
|---|---|---|
| South Korea | 3.6% | 56.5% |
| United States | 42.3% | 27.2% |
| Cyprus | 0% | 5.4% |
| Canada | 3.7% | 2.7% |
| United Kingdom | 3.8% | 1.7% |
Production hubs
Largest industrial emission sources (Climate TRACE, 2025)
No hubs above the globe threshold.
View on the globeLargest economic production hubs (gridded GDP, 2024)
No hubs above the globe threshold.
View on the globeSources and methodology
Sources and licenses
- CEPII BACI · Licence Ouverte Etalab 2.0
- Climate TRACE · CC BY 4.0 (emissions by asset; the 3 largest per country are shown)
- Kummu et al., gridded GDP · CC BY 4.0 (hubs aggregated by this site)
- Natural Earth · Public domain
Methodology
Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. Ranks are computed among the countries with data each year. Services are not included. Data up to 2024.