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How dependent is Bermuda on the United States?

In 2024, the United States sold $891 million to Bermuda, 28.1% of its imports, ranking 2nd among its suppliers. Its share was 48.5% in 2019 and 50.5% in 1995. In 172 products it sells more than 50% of what Bermuda buys of them (in 141, more than 75%); what Bermuda buys from the United States in those products (dominated value) adds up to $754 million, 23.8% of its imports.

Summary

Share of its imports
28.1%
Value imported
$891million
Rank among its suppliers
2nd
Products where it sells over 50%
172
Products where it sells over 75%
141
Dominated value
$754million
Share of total imports
23.8%

Trend

Trend in shares

The United States went from 50.5% to 28.1% of what Bermuda buys

Share (%)

  • United States 28.1%

Source: CEPII BACI

Show the numbers
YearValue (USD millions)ShareRank
199558450.5%1
199623825.5%1
199754735.2%1
199834129.4%1
199928721.2%2
200036112.6%3
200132110.5%4
20023658.8%4
20033529.9%3
200432911.5%4
200537619.9%2
200656313.2%3
200759114.7%2
200873817.5%3
200952025.3%2
201049113.6%3
201149912.9%2
201254321.2%2
201359423.2%2
201460618.8%2
201564317.9%2
201672122.7%2
201765933%2
201864738.9%1
201967948.5%1
202051220.4%2
202165630.2%1
202270940.3%1
202375250%1
202489128.1%2

Products where the United States sells more than half

ProductSupplierShareSecondValue
Refined petroleumUnited States57.4%Canada · 26.1%$137 million
Stamps and banknotesUnited States98.4%over 75%United Kingdom · 1.3%$102 million
FurnitureUnited States80.3%over 75%Canada · 11.8%$24 million
Bread, biscuits and pastriesUnited States89.5%over 75%United Kingdom · 9.4%$15 million
Soft drinksUnited States84.7%over 75%Trinidad and Tobago · 2.9%$12 million
Poultry meatUnited States90.6%over 75%United Kingdom · 5.8%$11 million
Air conditionersUnited States83.2%over 75%Netherlands · 7.4%$10 million
Other food preparationsUnited States90.4%over 75%United Kingdom · 3.8%$9 million
Seats and chairsUnited States89.4%over 75%Canada · 3.8%$9 million
Fresh beefUnited States100%over 75%United Kingdom · 0%$9 million
Prepared meatUnited States95.3%over 75%United Kingdom · 4.1%$9 million
Medical and dental instrumentsUnited States82.9%over 75%Canada · 8%$8 million
Refrigerators, freezers and heat pumpsUnited States98.1%over 75%Canada · 0.68%$8 million
TrailersUnited States98.3%over 75%United Kingdom · 1.1%$8 million
CheeseUnited States88.1%over 75%United Kingdom · 5.3%$7 million
Monitors and projectorsUnited States96.3%over 75%Italy · 0.82%$7 million
Other plastic articlesUnited States87.7%over 75%United Kingdom · 6%$7 million
Plastic building fittingsUnited States83.3%over 75%United Kingdom · 8.8%$7 million
Lamps and light fittingsUnited States90.5%over 75%Canada · 5.2%$7 million
ComputersUnited States84.7%over 75%Canada · 4.8%$7 million
Toilet paper and tissuesUnited States96.7%over 75%Portugal · 1.3%$7 million
Electric heaters and hair dryersUnited States96.7%over 75%Mexico · 0.97%$6 million
Plastic packagingUnited States94.7%over 75%Canada · 2.2%$6 million
Sauces and condimentsUnited States85.9%over 75%United Kingdom · 12.2%$6 million
Cameras and broadcast equipmentUnited States82.9%over 75%Italy · 5.7%$5 million
Makeup and skin careUnited States89.3%over 75%United Kingdom · 4.1%$5 million
Fish filletsUnited States69.7%Vietnam · 12.1%$5 million
Women's suits and dressesUnited States80.4%over 75%Bangladesh · 2.8%$5 million
Yachts and pleasure boatsUnited States61.3%Italy · 32%$5 million
Parts for cranes and excavatorsUnited States75.5%over 75%United Kingdom · 5.6%$5 million

and 142 more

A product has a dominant supplier when a single country sells more than 50% of what is bought of it; we flag it separately above 75%.

Are there other suppliers in the world?

Exports from the rest of the world already have buyers; the figure shows scale, not availability.

Seen from the United States

Bermuda is the United States’ 87th-largest customer, with 0.05% of its exports.

Sources and method

Sources and licenses

Methodology

The data come from CEPII BACI (Etalab 2.0 licence), which reconciles what the exporting and the importing country report, in current USD, FOB. Data up to 2024.

Dependence is the share of a country’s imports (or exports) that each partner accounts for. It does not measure whether a product has a substitute or how much it would cost to change supplier.

The concentration index (HHI) adds up the square of each partner’s share, in percent: it runs from 0 to 10,000. Its equivalent is 10,000 ÷ HHI, the number of partners of the same size that would give that value.

Products are HS4 headings of the 1992 nomenclature (some combine different goods), with a floor of $1 million per product and country.

The EU is the 27 current members in every year; the United Kingdom is outside the EU throughout the series.

Re-exports: countries that act as redistribution hubs carry their notice and the figures are not corrected.