[1] Primary trade source
OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.
Country intelligence · BMU · 2024
Bermuda trade profile
In 2024, Bermuda recorded $244.4M in merchandise exports and $3.0B in imports, producing a $2.7B trade deficit. Exports changed +7.2% from the previous year, while imports changed +103.5%.[1]
Exports
$244.4M
+7.2%
Imports
$3.0B
+103.5%
Trade balance
-$2.7B
deficit
Active partners
270
0 FTA-linked
Historical evidence
Ten-year trade movement
The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports
Exact annual values
Leading export sectors
HS2 chapters rank broad product groups by observed export value in 2024.
1$173.8M
HS 89 · HS chapter
13 active HS6 lines · 6 export partners
2$20.7M
HS 88 · HS chapter
15 active HS6 lines · 6 export partners
3$19.9M
HS 99 · HS chapter
1 active HS6 lines · 5 export partners
4$9.6M
HS 84 · Machinery
427 active HS6 lines · 43 export partners
5$5.1M
HS 86 · HS chapter
5 active HS6 lines · 17 export partners
6$3.0M
HS 85 · Electrical machinery
249 active HS6 lines · 45 export partners
7$2.8M
HS 22 · HS chapter
24 active HS6 lines · 50 export partners
8$1.8M
HS 90 · HS chapter
139 active HS6 lines · 18 export partners
Leading export markets
Destinations rank bilateral export flows from Bermuda; growth describes each corridor rather than the whole economy.
1$172.6M
Cyprus
Annual change +12172.4% · 3-year CAGR 826.9%
2$36.4M
United States
Annual change +72.3% · 3-year CAGR 29.8%
3$14.3M
New Zealand
Annual change +112801.6% · 3-year CAGR 1119.7%
4$3.7M
Angola
Annual change -2.8% · 3-year CAGR 103.6%
5$3.3M
Spain
Annual change +796.6% · 3-year CAGR 195.2%
6$2.8M
South Africa
Annual change -96.9% · 3-year CAGR 347.8%
7$2.5M
United Kingdom
Annual change +238.8% · 3-year CAGR 31.3%
8$1.5M
France
Annual change +698.9% · 3-year CAGR 105.7%
Sources, definitions and limitations
Calculation notes
USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.