Country export capability

Bermuda
export capability

A reported view of Bermuda's export scale, destination network, sector breadth, trade history, and market-access context. Use the indicators together; no single measure describes export readiness on its own.

BMU1995-2024 coverage270 active partner marketsMacro trend resilient
Latest exports$244.4M2024 reported value
Latest imports$3.0B2024 reported value
Trade balance-$2.7BExports minus imports
Export growth+7.2%Latest year-on-year change
Active partners270Latest reported markets

Country export profile overview

Bermuda export data in one research view

This profile brings together export performance, trade balance, destination markets, HS2 sectors, partner breadth, history, and market-access context for country export research.

Export scale and balance

Start with the latest reported trade position

In 2024, Bermuda recorded $244.4M in exports and $3.0B in imports. The resulting -$2.7B trade balance gives the latest country-level position a clear context.

Exports changed +7.2% year on year and show a calculated +4.2% three-year CAGR. CAGR is an annualized comparison of reported values, not a forecast.

Markets and sectors

See where export value is concentrated

Cyprus received $172.6M in reported exports, representing 70.6% of the latest country total. Ships and boats was the largest displayed HS2 export sector at $173.8M and 71.1% of exports.

The visible page highlights five leading destinations and five leading HS2 sectors, while the complete structured files retain every row supplied for this sample.

History and coverage

Read today's number against the long series

The country series covers 1995 through 2024, with 30 observed annual rows. That longer view helps separate a single-year movement from the broader export trend.

Partner counts, tariff context, concentration, exposure shares, and momentum are supporting indicators calculated from available trade observations. Missing values remain unavailable rather than estimated.

Economy and structure

The context around Bermuda's export base

Macroeconomic and structural indicators add context to merchandise trade scale. They describe the country environment; they do not predict company performance or future exports.

GDP$9.2B2024 macro context
GDP per capita$142.9KCurrent-dollar GDP
Population64.6KReported population
Labor forceNot reportedReported labor force
Investment rateNot reportedNational investment rate
Savings rateNot reportedNational savings rate
Trade opennessNot reportedExports + imports / GDP
Exports / GDPNot reportedMerchandise exports / GDP
Secondary educationNot reportedEducation context
Tertiary educationNot reportedEducation context

Market signals

Where to look more closely next

Route-level risk and emerging-corridor signals for further research. These are calculated indicators, not forecasts.

Destination risk contextAll covered routes
Destination risk context for Bermuda
DestinationAttentionAttention shareBelow peakApplied tariffPrimary reason
CyprusCYPHigh attention100%29.4%9.5%Buyer-market concentration is the largest observed corridor exposure
New ZealandNZLHigh attention99.9%0.1%6.3%Tariff, distance or agreement conditions create market-access friction
AngolaAGOHigh attention100%0%9.4%Buyer-market concentration is the largest observed corridor exposure
South AfricaZAFHigh attention100%0%11.3%Volatile products account for the largest observed corridor exposure
GeorgiaGEOHigh attention100%0%6%Buyer-market concentration is the largest observed corridor exposure
FranceFRAHigh attention100%93.9%1.5%Current trade remains materially below historical peaks
USA, Puerto Rico and US Virgin IslandsUSAStable0%3%4.7%Volatile products account for the largest observed corridor exposure
SpainESPStable0%0%1.5%Volatile products account for the largest observed corridor exposure
United KingdomGBRStable0%20%Not reportedVolatile products account for the largest observed corridor exposure
SingaporeSGPStable0%0%0.4%Tariff, distance or agreement conditions create market-access friction

Full route coverage is retained. High attention means the route deserves closer product and access review.

Market opportunity signals

Product-market combinations worth investigating

All returned rows use buyer demand, exporter position, and calculated addressable-value fields. They are research signals, not forecasts.

Addressable-value signalsAll returned rows
Market opportunity signals for Bermuda
RankMarket and productBuyer importsAddressable 3-year valueCurrent shareDemand signal
1USA, Puerto Rico and US Virgin IslandsHS6 270900 · Oils: petroleum oils and oils obtained from bituminous minerals, crude$165.0B$115.5B0%Declining +1.1%
2ChinaHS6 854231 · Electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits$158.0B$93.1B0%Declining +10.5%
3ChinaHS6 854239 · Electronic integrated circuits: n.e.c. in heading no. 8542$81.8B$61.4B0%Declining +4%
4USA, Puerto Rico and US Virgin IslandsHS6 851712 · Telephones for cellular networks or for other wireless networks$53.9B$53.8B0%Growing -8.8%
5USA, Puerto Rico and US Virgin IslandsHS6 847150 · Digital processing units: other than those of subheadings 8471.41 or 8471.49, whether or not containing in the same housing one or two of the following types of unit: storage units, input units or output units$53.9B$45.6B0%Declining +60.2%
6USA, Puerto Rico and US Virgin IslandsHS6 847130 · Data processing machines: portable, digital and automatic, weighing not more than 10kg, consisting of at least a central processing unit, a keyboard and a display$42.7B$33.3B0%Stable +6.2%
7China, Hong Kong Special Administrative RegionHS6 851712 · Telephones for cellular networks or for other wireless networks$30.3B$32.7B0%Declining -14.5%
8China, Hong Kong Special Administrative RegionHS6 854239 · Electronic integrated circuits: n.e.c. in heading no. 8542$58.6B$29.1B0%Growing +6.6%

Addressable value is a calculated field. Validate product, buyer, tariff, and route conditions before commercial decisions.

Detailed export portfolioHS4 lines beneath the leading sectorsOpen the detailed four-digit export table for Bermuda.
All HS4 export lines2024 ranking
Top HS4 export lines for Bermuda
RankHS4Parent HS2 sectorExportsShareActive HS6
18901HS4 detail codeShips and boats (89) ↗$172.6M70.6%2
28803HS4 detail codeAircraft (88) ↗$20.6M8.4%4
39999HS4 detail codeHS2 sector 99 (99) ↗$19.9M8.1%1
48411HS4 detail codeMachinery (84) ↗$5.8M2.4%5
58609HS4 detail codeRailway equipment (86) ↗$5.1M2.1%1
62208HS4 detail codeBeverages (22) ↗$2.4M1%7
78517HS4 detail codeElectrical machinery (85) ↗$2.0M0.8%7
88471HS4 detail codeMachinery (84) ↗$1.5M0.6%8
98903HS4 detail codeShips and boats (89) ↗$1.2M0.5%4
107103HS4 detail codePrecious stones and metals (71) ↗$790.4K0.3%3
119701HS4 detail codeWorks of art (97) ↗$733.1K0.3%2
128474HS4 detail codeMachinery (84) ↗$716.0K0.3%7

HS4 values are reported observations. The hierarchy is preserved; no missing descriptions are inferred.

The country export read

Bermuda combines $244.4M in exports with a broad partner network.

In 2024, Bermuda recorded $244.4M in reported exports and $3.0B in imports, producing a reported trade deficit of $2.7B. Exports changed +7.2% year on year and +4.2% annualized over three years. Ships and boats (HS2 89) was the largest displayed export sector by value.

Destination network

Where Bermuda exports move

All returned destination lanes ranked by latest reported export value. Share is calculated against the country total. Review sources ↗

Latest reported destination lanesAll returned · 2024
Leading export destinations for Bermuda
RankDestinationLatest exportsShareYear-on-year3-year CAGR
1CyprusCYP$172.6M70.6%+12,172.4%+826.9%
2USA, Puerto Rico and US Virgin IslandsUSA$36.4M14.9%+72.3%+29.8%
3New ZealandNZL$14.3M5.9%+112,801.6%+1,119.7%
4AngolaAGO$3.7M1.5%-2.8%+103.6%
5SpainESP$3.3M1.4%+796.6%+195.2%
6South AfricaZAF$2.8M1.2%-96.9%+347.8%
7United KingdomGBR$2.5M1%+238.8%+31.3%
8FranceFRA$1.5M0.6%+698.9%+105.7%
9GeorgiaGEO$1.4M0.6%+1,474.1%+235%
10SingaporeSGP$740.7K0.3%+7,133.6%+542.4%

Destination values are reported country-to-country observations. Full returned rows remain in the downloads.

Trade history

A long view of export scale

Latest twelve years from the 30-year reported country series. Context, not a forecast.

Reported exports by year

2013
$377.3M
2014
$74.4M
2015
$414.5M
2016
$328.5M
2017
$143.8M
2018
$236.6M
2019
$276.5M
2020
$243.8M
2021
$215.8M
2022
$80.6M
2023
$228.0M
2024
$244.4M

Partner network

Scale is only one part of export capability

Partner breadth, distance, agreements, and tariffs add context to reported exports.

FTA partner markets0Reported count
WTO partner markets169Reported count
EU partner markets28Reported count
Shared-border partners0Country context
Shared-language partners77Country context
Average partner distance8,569 kmCalculated average
Partners with FTA0%Calculated share
Applied tariff context0.1%Calculated average
MFN tariff context0.1%Calculated average
Tariff advantage+0.1 ppPreferential vs MFN

Exposure context

Signals to examine alongside export scale

Calculated or classified route and country context. Not predictions or recommendations.

Attention share88.2%

Covered value under attention

Critical share0%

Covered value marked critical

Below historical peak24%

Distance below route peaks

FTA-covered exports0%

Covered value with FTA context

Weighted tariff context0.1%

Export-weighted tariff

Macro contextMacro trend resilient

Primary attention driver: Market access exposure.

Momentum score6.3

History-based indicator

Partner concentration5,251.2

Partner HHI

Product concentration5,132.2

Product HHI

Country attention level: High attention. Missing fields remain unavailable.

Complete country valuesOpen the full profile evidenceFull history, sectors, HS4, destinations, risk, opportunities, and source fields.

Profile fields

Year2,024
Country Iso3BMU
Exports Usd$244.4M
Imports Usd$3.0B
Trade Balance Usd-$2.7B
Yoy Exports Growth Pct7.2%
Yoy Imports Growth Pct103.5%
Exports Cagr 3y Pct4.2%
Imports Cagr 3y Pct23.1%
Export Partner Hhi5,251.2
Export Product Hhi5,132.2
Momentum Score6.3
Risk Score51.9
Gdp Million Usd9,233.6 million USD
Gdp Per Capita Usd$142.9K
Population64,636
Labor ForceNot reported
Investment Rate PctNot reported
Savings Rate PctNot reported
Secondary Education PctNot reported
Tertiary Education PctNot reported
Total Factor ProductivityNot reported
Trade Openness PctNot reported
Exports Gdp PctNot reported
Num Active Partners270
Num Fta Partners0
Num Wto Partners169
Num Eu Partners28
Num Shared Border Partners0
Num Shared Language Partners77
Avg Partner Distance Km8,569 km
Avg Partner Gdp Million Usd533,678,518.33 million USD
Avg Partner Gdp Per Capita Usd$15.8
Avg Buyer Biz Entry DaysNot reported
Avg Buyer Biz Entry Cost PctNot reported
Pct Partners With Fta0
Pct Partners Shared Language29
Pct Partners Shared Border0
Avg Applied Tariff Pct0.1%
Avg Mfn Tariff Pct0.1%
Avg Preferential Tariff Pct0%
Tariff Advantage Pp+0.1 pp
Avg Distance All Partners Km8,394
Num Border Partners0
Num Colonial Partners25
Avg Substitution Elasticity-7.2
Pct Products High Elasticity60
Pct Products Low Elasticity5
Real Market Potential102,588.4
Foreign Market Potential16,302.7

Exposure fields

Country Iso3BMU
All History Lane Count678
Current Lane Count33
Critical Lane Count0
High Attention Lane Count6
High Volatility Lane Count14
Unrecovered Drawdown Lane Count9
Declining Demand Lane Count0
Concentrated Market Lane Count15
Access Friction Lane Count10
Buyer Macro Weakness Lane Count1
Monitored Exports Current Usd$221.9M
Attention Exports Usd$195.7M
Critical Exports Usd$0.0
High Volatility Exports Usd$27.5M
Unrecovered Drawdown Exports Usd$2.7M
Non Fta Exports Usd$221.9M
Monitored Attention Share Pct88.2%
Monitored Critical Share Pct0%
Fta Covered Exports Share Pct0%
Export Weighted Volatility Cv0.6
Export Weighted Below Peak Pct24%
Export Weighted Distance Km8,362 km
Export Weighted Tariff Pct0.1%
Latest Data Year2,024
First Data Year1,995
Country Years Count30
Total Exports Latest Usd$244.4M
Total Imports Latest Usd$3.0B
Trade Balance Latest Usd-$2.7B
Exports Yoy Latest Pct7.2%
Exports Cagr 3y Latest Pct4.2%
Gdp Latest Million Usd9,233.6 million USD
Gdp Per Capita Latest Usd$142.9K
Population Latest64,636
Investment Rate Latest PctNot reported
Savings Rate Latest PctNot reported
Trade Openness Latest PctNot reported
Exports Gdp Latest PctNot reported
Active Partners Latest270
Fta Partners Latest0
Foreign Market Potential Latest16,302.7
Gdp 5y Cagr Pct4.5%
Gdp Per Capita 5y Cagr Pct4.3%
Population 5y Cagr Pct0.2%
Partner Hhi Latest5,251.2
Partner Top1 Share Latest Pct70.6%
Partner Top3 Share Latest Pct91.4%
Partner Hhi All Avg2,866.1
Partner Hhi All Max6,025.7
Product Hhi Latest5,132.2
Product Top1 Share Latest Pct70.6%
Product Top3 Share Latest Pct87.1%
Product Hhi All Avg2,557.6
Product Hhi All Max5,952.4
Total Exports Attention Share Pct80.1%
Total Exports Critical Share Pct0%
Attention LevelHigh attention
Primary Risk DriverMarket access exposure
Macro Resilience LabelMacro trend resilient

Annual country history

YearExportsImportsTrade balanceExports YoYExports CAGR 3Y
1995$204.2M$1.0B-$837.7MNot reportedNot reported
1996$234.4M$894.3M-$659.9M+14.8%Not reported
1997$273.8M$1.2B-$958.9M+16.8%Not reported
1998$146.0M$1.3B-$1.2B-46.7%-10.6%
1999$155.7M$2.4B-$2.3B+6.6%-12.7%
2000$195.5M$3.0B-$2.8B+25.6%-10.6%
2001$279.1M$3.2B-$2.9B+42.8%+24.1%
2002$136.2M$4.1B-$4.0B-51.2%-4.4%
2003$355.4M$2.9B-$2.6B+161%+22%
2004$182.6M$2.9B-$2.7B-48.6%-13.2%
2005$470.9M$2.1B-$1.6B+157.9%+51.2%
2006$490.3M$4.4B-$3.9B+4.1%+11.3%
2007$259.2M$3.5B-$3.3B-47.1%+12.4%
2008$1.7B$3.3B-$1.6B+550.8%+53%
2009$195.3M$2.3B-$2.1B-88.4%-26.4%
2010$721.8M$3.8B-$3.1B+269.6%+40.7%
2011$603.9M$4.0B-$3.4B-16.3%-29%
2012$282.2M$2.9B-$2.6B-53.3%+13%
2013$377.3M$2.9B-$2.6B+33.7%-19.4%
2014$74.4M$3.1B-$3.0B-80.3%-50.2%
2015$414.5M$3.3B-$2.9B+457%+13.7%
2016$328.5M$2.7B-$2.4B-20.7%-4.5%
2017$143.8M$2.0B-$1.9B-56.2%+24.6%
2018$236.6M$1.6B-$1.3B+64.5%-17%
2019$276.5M$1.3B-$1.0B+16.9%-5.6%
2020$243.8M$2.3B-$2.0B-11.8%+19.2%
2021$215.8M$1.6B-$1.4B-11.5%-3%
2022$80.6M$1.8B-$1.7B-62.7%-33.7%
2023$228.0M$1.5B-$1.2B+183.1%-2.2%
2024$244.4M$3.0B-$2.7B+7.2%+4.2%

Top export sectors

RankHS2SectorExportsShareExport partnersActive HS6
189Ships and boats$173.8M71.1%613
288Aircraft$20.7M8.5%615
399HS2 sector 99$19.9M8.1%51
484Machinery$9.6M3.9%43427
586Railway equipment$5.1M2.1%175
685Electrical machinery$3.0M1.2%45249
722Beverages$2.8M1.1%5024
890Optical and medical instruments$1.8M0.7%18139
971Precious stones and metals$1.5M0.6%1737
1097Works of art$1.4M0.6%167

Detailed HS4 export lines

RankHS4Parent HS2ExportsShareActive HS6
18901Ships and boats (89)$172.6M70.6%2
28803Aircraft (88)$20.6M8.4%4
39999HS2 sector 99 (99)$19.9M8.1%1
48411Machinery (84)$5.8M2.4%5
58609Railway equipment (86)$5.1M2.1%1
62208Beverages (22)$2.4M1%7
78517Electrical machinery (85)$2.0M0.8%7
88471Machinery (84)$1.5M0.6%8
98903Ships and boats (89)$1.2M0.5%4
107103Precious stones and metals (71)$790.4K0.3%3
119701Works of art (97)$733.1K0.3%2
128474Machinery (84)$716.0K0.3%7

Top export destinations

RankDestinationISO3ExportsShareYoYCAGR 3Y
1CyprusCYP$172.6M70.6%+12,172.4%+826.9%
2USA, Puerto Rico and US Virgin IslandsUSA$36.4M14.9%+72.3%+29.8%
3New ZealandNZL$14.3M5.9%+112,801.6%+1,119.7%
4AngolaAGO$3.7M1.5%-2.8%+103.6%
5SpainESP$3.3M1.4%+796.6%+195.2%
6South AfricaZAF$2.8M1.2%-96.9%+347.8%
7United KingdomGBR$2.5M1%+238.8%+31.3%
8FranceFRA$1.5M0.6%+698.9%+105.7%
9GeorgiaGEO$1.4M0.6%+1,474.1%+235%
10SingaporeSGP$740.7K0.3%+7,133.6%+542.4%

Destination risk context

RankDestinationAttentionAttention shareBelow peakApplied tariffPrimary reason
1Cyprus (CYP)High attention100%29.4%9.5%Buyer-market concentration is the largest observed corridor exposure
2New Zealand (NZL)High attention99.9%0.1%6.3%Tariff, distance or agreement conditions create market-access friction
3Angola (AGO)High attention100%0%9.4%Buyer-market concentration is the largest observed corridor exposure
4South Africa (ZAF)High attention100%0%11.3%Volatile products account for the largest observed corridor exposure
5Georgia (GEO)High attention100%0%6%Buyer-market concentration is the largest observed corridor exposure
6France (FRA)High attention100%93.9%1.5%Current trade remains materially below historical peaks
7USA, Puerto Rico and US Virgin Islands (USA)Stable0%3%4.7%Volatile products account for the largest observed corridor exposure
8Spain (ESP)Stable0%0%1.5%Volatile products account for the largest observed corridor exposure
9United Kingdom (GBR)Stable0%20%Not reportedVolatile products account for the largest observed corridor exposure
10Singapore (SGP)Stable0%0%0.4%Tariff, distance or agreement conditions create market-access friction

Emerging corridor signals

RankDestinationHS6SignalMarket importsCurrent shareStrength
1USA, Puerto Rico and US Virgin Islands (USA)841112new$9.9B0%100
2Singapore (SGP)847410new$11.0M6.5%100
3Georgia (GEO)847150new$65.9M2%100
4USA, Puerto Rico and US Virgin Islands (USA)910299new$16.6M0.5%98.2
5Pakistan (PAK)841480new$37.3M0.1%94.3
6USA, Puerto Rico and US Virgin Islands (USA)401220new$44.3M0.1%93.9
7Malaysia (MYS)880330new$1.8B0%93.7
8France (FRA)841490new$465.6M0%92.8
9Saudi Arabia (SAU)590390new$21.7M0.2%92.5
10Netherlands (NLD)200919new$376.6M0%92.4

Market opportunity signals

RankMarketHS6Buyer importsAddressable 3-year valueCurrent shareSignal
1USA, Puerto Rico and US Virgin Islands (USA)270900$165.0B$115.5B0%Declining (+1.1%)
2China (CHN)854231$158.0B$93.1B0%Declining (+10.5%)
3China (CHN)854239$81.8B$61.4B0%Declining (+4%)
4USA, Puerto Rico and US Virgin Islands (USA)851712$53.9B$53.8B0%Growing (-8.8%)
5USA, Puerto Rico and US Virgin Islands (USA)847150$53.9B$45.6B0%Declining (+60.2%)
6USA, Puerto Rico and US Virgin Islands (USA)847130$42.7B$33.3B0%Stable (+6.2%)
7China, Hong Kong Special Administrative Region (HKG)851712$30.3B$32.7B0%Declining (-14.5%)
8China, Hong Kong Special Administrative Region (HKG)854239$58.6B$29.1B0%Growing (+6.6%)

How to read this page

Separate reported scale from calculated context.

Reported exports, imports, trade balance, sector rows, destination rows, and annual history describe merchandise trade observations for the stated country and year.

CAGR, shares, concentration measures, tariff context, exposure shares, and momentum are calculated indicators built from the available observations. They help organize research but are not additional reported trade or forecasts.

Coverage runs from 1995 through 2024 for this profile. Missing values are shown as Not reported. Read the full methodology ↗

Reported observations

OECD BIMTS merchandise trade values are the primary series for this view.

Calculated indicators

Growth, share, HHI, tariff, and exposure fields are derived from available reported values.

Coverage limits

Unavailable values remain unavailable. No company sales, shipment records, or forecasts are implied.

Questions about this profile

Bermuda export capability, in context

Short answers for readers comparing country export scale, partner breadth, and calculated trade indicators.

What does the Bermuda export profile measure?

It combines reported exports, imports, history, destinations, HS2 sectors, partner context, and calculated indicators for Bermuda.

What is the latest reported export value for Bermuda?

Bermuda recorded $244.4M in reported exports in 2024.

Which markets receive the most exports from Bermuda?

Cyprus leads by reported export value at $172.6M in 2024. Five destination lanes are highlighted.

Which sectors lead Bermuda's exports?

Ships and boats leads by reported value at $173.8M. Five HS2 chapters are highlighted.

How many years of Bermuda trade history are available?

This sample contains 30 observed annual rows covering 1995 through 2024. Missing observations are not estimated.

Are the growth and exposure values forecasts?

No. They are calculated or classified from reported observations, not forecasts or market-access guarantees.

Continue your research

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Compare countries, products, sectors, and routes using the available trade evidence and definitions.

Data source

OECD trade statistics with CEPII context

OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-28). OECD BIMTS is the primary trade series for this view. Supporting bilateral trade context uses CEPII BACI bilateral trade flows (202601) under Etalab 2.0 Open Licence. Yugalinks presents derived views of reported observations and calculated indicators. Data terms: OECD Terms & Conditions.