Bermuda

Compare Bermuda →

BM · BMU · BACI 60 · latest data 2024

Exports

$249M USD, nominal · 2024

= $249 M57.4% over 5 yrs (down)

Imports

$3.2B USD, nominal · 2024

= $3,172 M127.9% over 5 yrs (up)

Trade balancedeficit

−$2.9B USD, nominal · 2024

= −$2,923 M

Total trade

$3.4B USD, nominal · 2024

= $3,421 M73.1% over 5 yrs (up)

World position: #177 of 225 exporters · bottom half · #155 of 225 importers · bottom half · 2024
World export share since 1995: ±0.0 pp

Trade timeline

Bermuda's exports grew from $234M in 1995 to $249M in 2024; the 2024 balance was −$2.9B.

Loading trade timeline…

View timeline table

Exports, imports, trade balance and total trade of Bermuda per year, USD millions.
Year	Exports ($M)	Imports ($M)	Balance ($M)	Total ($M)
1995	$234 M	$1,130 M	−$895 M	$1,364 M
1996	$230 M	$931 M	−$701 M	$1,161 M
1997	$265 M	$1,536 M	−$1,271 M	$1,801 M
1998	$147 M	$1,162 M	−$1,015 M	$1,309 M
1999	$144 M	$1,359 M	−$1,215 M	$1,503 M
2000	$174 M	$2,858 M	−$2,684 M	$3,032 M
2001	$238 M	$3,056 M	−$2,818 M	$3,294 M
2002	$123 M	$4,177 M	−$4,054 M	$4,300 M
2003	$361 M	$3,552 M	−$3,191 M	$3,913 M
2004	$162 M	$2,856 M	−$2,694 M	$3,019 M
2005	$415 M	$1,885 M	−$1,470 M	$2,300 M
2006	$506 M	$4,258 M	−$3,752 M	$4,763 M
2007	$252 M	$4,030 M	−$3,777 M	$4,282 M
2008	$1,674 M	$4,218 M	−$2,544 M	$5,893 M
2009	$201 M	$2,058 M	−$1,857 M	$2,259 M
2010	$763 M	$3,627 M	−$2,865 M	$4,390 M
2011	$595 M	$3,879 M	−$3,284 M	$4,474 M
2012	$232 M	$2,544 M	−$2,312 M	$2,776 M
2013	$375 M	$2,548 M	−$2,173 M	$2,923 M
2014	$56 M	$3,196 M	−$3,140 M	$3,252 M
2015	$366 M	$3,704 M	−$3,338 M	$4,069 M
2016	$438 M	$3,157 M	−$2,719 M	$3,595 M
2017	$150 M	$1,990 M	−$1,840 M	$2,140 M
2018	$257 M	$1,663 M	−$1,405 M	$1,920 M
2019	$584 M	$1,392 M	−$808 M	$1,976 M
2020	$261 M	$2,535 M	−$2,274 M	$2,796 M
2021	$239 M	$2,145 M	−$1,906 M	$2,384 M
2022	$72 M	$1,745 M	−$1,673 M	$1,817 M
2023	$254 M	$1,280 M	−$1,027 M	$1,534 M
2024	$249 M	$3,172 M	−$2,923 M	$3,421 M

30 rows

World share & rank

World export share moved from 0.0% in 1995 to 0.0% in 2024; export rank #145 → #177.

Loading world share and rank…

View share & rank table

World export and import share in percent, and world ranks, of Bermuda per year.
Year	Export share (%)	Import share (%)	Export rank	Import rank
1995	0.00%	0.02%	#145	#115
1996	0.00%	0.02%	#147	#132
1997	0.00%	0.03%	#150	#113
1998	0.00%	0.02%	#157	#123
1999	0.00%	0.02%	#160	#118
2000	0.00%	0.04%	#164	#96
2001	0.00%	0.05%	#160	#98
2002	0.00%	0.06%	#170	#87
2003	0.00%	0.05%	#160	#98
2004	0.00%	0.03%	#173	#112
2005	0.00%	0.02%	#162	#136
2006	0.00%	0.04%	#162	#110
2007	0.00%	0.03%	#175	#124
2008	0.01%	0.03%	#142	#133
2009	0.00%	0.02%	#176	#158
2010	0.01%	0.02%	#158	#142
2011	0.00%	0.02%	#169	#147
2012	0.00%	0.01%	#184	#158
2013	0.00%	0.01%	#176	#159
2014	0.00%	0.02%	#199	#153
2015	0.00%	0.02%	#177	#145
2016	0.00%	0.02%	#173	#150
2017	0.00%	0.01%	#189	#162
2018	0.00%	0.01%	#179	#167
2019	0.00%	0.01%	#166	#173
2020	0.00%	0.01%	#174	#157
2021	0.00%	0.01%	#180	#161
2022	0.00%	0.01%	#198	#171
2023	0.00%	0.01%	#178	#175
2024	0.00%	0.01%	#177	#155

30 rows

Trading partners

South Korea was Bermuda's top trading partner in 2024, at 56.5% of total trade; the top five partners covered 93.4%.

Year

Top partner share: 56.5%
Top-5 share: 93.4%
Partners: 152
Partner HHI (0–1): 0.398

Loading world basemap…

Cyprus $183M

United States $40M

United Kingdom $4M

France $2M

Brazil $1M

Italy $1M

Germany $1M

Canada $0M

Netherlands $0M

South Korea $0M

China $0M

Greece $0M

Japan $0M

India $0M

Mexico $0M

View partner table

Top partners of Bermuda in 2024, USD millions.
Rank	Partner	Exports to ($M)	Imports from ($M)	Total ($M)	Balance ($M)
#1	South Korea	$0 M	$1,934 M	$1,934 M	−$1,933 M
#2	United States	$40 M	$891 M	$931 M	−$851 M
#3	Cyprus	$183 M	$0 M	$183 M	$183 M
#4	Canada	$0 M	$92 M	$92 M	−$91 M
#5	United Kingdom	$4 M	$53 M	$57 M	−$48 M
#6	China	$0 M	$31 M	$31 M	−$31 M
#7	Greece	$0 M	$26 M	$26 M	−$26 M
#8	Brazil	$1 M	$13 M	$14 M	−$12 M
#9	Italy	$1 M	$13 M	$13 M	−$12 M
#10	France	$2 M	$10 M	$12 M	−$8 M
#11	Japan	$0 M	$11 M	$11 M	−$11 M
#12	Netherlands	$0 M	$10 M	$10 M	−$10 M
#13	Germany	$1 M	$8 M	$9 M	−$8 M
#14	India	$0 M	$7 M	$7 M	−$7 M
#15	Mexico	$0 M	$7 M	$7 M	−$7 M

15 rows

Products & sectors

Product composition of Bermuda's trade in 2024.

Year

Loading product detail for 2024 (large file, fetched on demand)…

View product table

The product table loads with the product data for 2024.

Concentration & risk

Bermuda's export partners concentrated over 1995–2024 — HHI 0.231 → 0.567, a concentrated export base across 91 partners in 2024.

Loading concentration trends…

View concentration table

Export and import partner HHI (0–1) and partner counts of Bermuda per year.
Year	Export HHI	Import HHI	Export partners	Import partners
1995	0.231	0.261	51	124
1996	0.227	0.142	65	61
1997	0.191	0.164	61	107
1998	0.146	0.136	70	74
1999	0.106	0.148	63	70
2000	0.157	0.235	78	82
2001	0.188	0.223	78	74
2002	0.143	0.272	74	73
2003	0.355	0.412	76	80
2004	0.120	0.201	71	81
2005	0.386	0.178	76	86
2006	0.374	0.143	79	80
2007	0.172	0.206	91	78
2008	0.629	0.163	91	83
2009	0.184	0.199	85	79
2010	0.565	0.244	89	130
2011	0.383	0.216	86	138
2012	0.257	0.346	90	139
2013	0.519	0.450	93	147
2014	0.182	0.447	91	148
2015	0.535	0.348	91	151
2016	0.419	0.288	101	148
2017	0.308	0.296	100	146
2018	0.259	0.227	95	151
2019	0.566	0.268	99	153
2020	0.602	0.295	87	142
2021	0.300	0.229	101	144
2022	0.137	0.224	95	142
2023	0.325	0.257	90	74
2024	0.567	0.452	91	141

30 rows

Downloads

The exact artifacts behind this page, as published: