Goods imports in Bermuda
Bermuda: Goods imports was 1.22 billion BoP, current US$ in 2023. ▲ Rising
Goods imports in Bermuda, 2006–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for goods imports in Bermuda is 1.22 billion BoP, current US$, measured in 2023.
That represents a change of down 1.8% on the previous year and up 20.3% over ten years.
Over the whole period, goods imports in Bermuda peaked at 1.24 billion BoP, current US$ in 2022 and was at its lowest, 900.36 million BoP, current US$, in 2012.
Bermuda ranks 172nd of 200 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 18 years of available data.
Goods imports in Bermuda, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2006 | 1.09 billion BoP, current US$ | — |
| 2007 | 1.17 billion BoP, current US$ | +6.5% |
| 2008 | 1.16 billion BoP, current US$ | -0.6% |
| 2009 | 1.06 billion BoP, current US$ | -8.2% |
| 2010 | 988.03 million BoP, current US$ | -7.2% |
| 2011 | 900.41 million BoP, current US$ | -8.9% |
| 2012 | 900.36 million BoP, current US$ | -0.0% |
| 2013 | 1.01 billion BoP, current US$ | +12.3% |
| 2014 | 969.16 million BoP, current US$ | -4.2% |
| 2015 | 939.69 million BoP, current US$ | -3.0% |
| 2016 | 979.80 million BoP, current US$ | +4.3% |
| 2017 | 1.09 billion BoP, current US$ | +11.7% |
| 2018 | 1.10 billion BoP, current US$ | +0.5% |
| 2019 | 1.15 billion BoP, current US$ | +4.7% |
| 2020 | 926.88 million BoP, current US$ | -19.5% |
| 2021 | 1.09 billion BoP, current US$ | +17.1% |
| 2022 | 1.24 billion BoP, current US$ | +14.2% |
| 2023 | 1.22 billion BoP, current US$ | -1.8% |
Bermuda compared with similar countries
- Bermuda's 1.22 billion BoP, current US$ is below the median for high income countries, which is 45.20 billion BoP, current US$, 3% of the median. (72 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.12 billion BoP, current US$ | 1.06 billion BoP, current US$ | 1.17 billion BoP, current US$ | 4 |
| 2010s | 1.00 billion BoP, current US$ | 900.36 million BoP, current US$ | 1.15 billion BoP, current US$ | 10 |
| 2020s | 1.12 billion BoP, current US$ | 926.88 million BoP, current US$ | 1.24 billion BoP, current US$ | 4 |
Countries ranked near Bermuda
- 169 Belize 1.38 billion BoP, current US$ compare
- 170 Cape Verde 1.29 billion BoP, current US$ compare
- 171 Bhutan 1.28 billion BoP, current US$ compare
- 173 Sint Maarten (Dutch part) 1.16 billion BoP, current US$ compare
- 174 Burundi 1.10 billion BoP, current US$ compare
- 175 Faroe Islands 949.02 million BoP, current US$ compare
More economy & growth data for Bermuda
- General government final consumption expenditure (current LCU), per 0.1072 current LCU per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), gaps 33.80 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0037 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 522.99 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 117.84 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -21.86 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0128 BoP, current US$ per US$ of GDP (2024)
- General government final consumption expenditure (current LCU) 4.44 % change on previous year (2024)
- General government final consumption expenditure (current US$), per 15,245 current US$ per person (2024)
- General government final consumption expenditure (current US$), per 0.1072 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is goods imports in Bermuda?
- Goods imports in Bermuda was 1.22 billion BoP, current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods imports recorded in Bermuda?
- The highest recorded value was 1.24 billion BoP, current US$ in 2022.
- What is the lowest goods imports recorded in Bermuda?
- The lowest recorded value was 900.36 million BoP, current US$ in 2012.
- How does Bermuda rank for goods imports?
- Bermuda ranks 172nd out of 200 countries with data for 2023.
- Is goods imports rising or falling in Bermuda?
- Over the last ten years it is up 20.3%. The long-run trend across the full record is rising.
- Where does this Bermuda data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods imports (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Imports of goods occur when there are changes in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.