Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages

Bermuda

Bermuda ranked No. 109 in total trade value through October with a total of $541.89 million. Exports totaled $525.77 million and Imports totaled $16.12 million, a surplus of $509.64 million.

January – October 2018

Top Trading Ports

Total Trade: $541.89 million

RankPortTotal YTD
1Port of New York $81,826,593
2Low-Valued Imports and Exports $68,003,243
3Port of Fernandina Beach, Fla. $67,581,029
4Port of Newark $60,514,919
5Clinton International Airport, Little Rock, Ark. $58,368,442
6Port of Wilmington, Dela. $55,812,764
7Port of New Orleans $41,395,516
8Port of Freeport, Texas $26,401,535
9Christiansted Port Terminal, U.S. Virgin Islands $17,680,890
10John F. Kennedy International Airport $14,947,874

U.S. trade with Bermuda rose to $541.89 million through October

Bermuda’s trade with the United States rose to $541.89 million through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 14.49 percent below its total trade during the same time period last year. Bermuda’s exports decreased 12.97 percent while imports fell 45.63 percent. The U.S. surplus with Bermuda was $509.64 million.

Through October, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of New York; No. 2 Low-Valued Imports and Exports; No. 3 Port of Fernandina Beach, Fla.; No. 4 Port of Newark; and No. 5 Clinton International Airport, Little Rock, Ark.. During the same period the previous year, the top five were No. 1 Port of New Orleans No. 2 Port of Fernandina Beach, Fla. No. 3 Port of New York No. 4 Port of Newark and No. 5 Low-Valued Imports and Exports. In the current time period, the top five accounted for 62.06 percent of Bermuda’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of New York rose 9.38 percent to $81.83 million.
    Exports rose 8.48 percent to $80.95 million. Imports rose 371.6 percent to $879,377.
  • Trade with No. 2 Low-Valued Imports and Exports rose 6.09 percent to $68 million.
    Exports rose 6.09 percent to $68 million. There were no imports.
  • Trade with No. 3 Port of Fernandina Beach, Fla. fell 10.48 percent to $67.58 million.
    Exports fell 3.69 percent to $67.46 million. Imports fell 97.69 percent to $126,023.
  • Trade with No. 4 Port of Newark fell 14.28 percent to $60.51 million.
    Exports fell 0.87 percent to $56.6 million. Imports fell 71.02 percent to $3.91 million.
  • Trade with No. 5 Clinton International Airport, Little Rock, Ark. rose 1.24 percent to $58.37 million.
    Exports rose 1.24 percent to $58.37 million. There were no imports.

Bermuda ranked No. 109 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 103.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Bermuda by value through October were the categories of Low value shipments; Civilian aircraft, parts; Gasoline, other fuels; Petroleum gases, other gaseous hydrocarbons; and Cell phones, related equipment, respectively. They accounted for 41.98 percent of total exports to Bermuda.

The value of the top five categories of U.S. imports from Bermuda –– Value added to a returned import; U.S. government imports; Postage or Revenue Stamps, Firstday Covers 9704; Rum, gin, vodka, other liquors; and Salvage –– accounted for 86.81 percent of all inbound shipments.

Looking more closely at U.S. exports to Bermuda:

  • Low value shipments rose 6.09 percent compared to last year to $68 million.
  • Civilian aircraft, parts fell 49.8 percent compared to last year to $58.64 million.
  • Gasoline, other fuels fell 37.38 percent compared to last year to $52.25 million.
  • Petroleum gases, other gaseous hydrocarbons rose 10009 percent compared to last year to $26.8 million.
  • Cell phones, related equipment rose 8.33 percent compared to last year to $15.03 million.

Looking more closely at U.S. imports from Bermuda:

  • Value added to a returned import fell 65.66 percent compared to last year to $7.95 million.
  • U.S. government imports rose 587.34 percent compared to last year to $2.73 million.
  • Postage or Revenue Stamps, Firstday Covers 9704 totaled $1.47 million. The previous year, there were no imports in this category.
  • Rum, gin, vodka, other liquors fell 35.47 percent compared to last year to $1.13 million.
  • Salvage fell 4.23 percent compared to last year to $720,559.

In the latest annual figures available, Bermuda recorded $725.52 million in trade with the United States. At year’s end, its were New Orleans; New York City; Jacksonville/Tampa; Miami; and Low Value Shipments. Total U.S. exports to Bermuda were $ 692.11 million and imports from Bermuda were $33.41 million. The U.S. surplus with Bermuda was $658.7 million.