Net trade in goods in Bermuda
Bermuda: Net trade in goods was -1.20 billion BoP, current US$ in 2023. ▼ Falling
Net trade in goods in Bermuda, 2006–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2023, net trade in goods in Bermuda stood at -1.20 billion BoP, current US$.
That represents a change of up 1.3% on the previous year and down 20.6% over ten years.
Over the whole period, net trade in goods in Bermuda peaked at -887.78 million BoP, current US$ in 2011 and was at its lowest, -1.22 billion BoP, current US$, in 2022.
Bermuda ranks 114th of 198 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 18 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -1.10 billion BoP, current US$ | -1.14 billion BoP, current US$ | -1.04 billion BoP, current US$ | 4 |
| 2010s | -986.99 million BoP, current US$ | -1.13 billion BoP, current US$ | -887.78 million BoP, current US$ | 10 |
| 2020s | -1.10 billion BoP, current US$ | -1.22 billion BoP, current US$ | -916.12 million BoP, current US$ | 4 |
Countries ranked near Bermuda
- 111 Cameroon -983.96 million BoP, current US$ compare
- 112 New Zealand -1.01 billion BoP, current US$ compare
- 113 Gambia -1.03 billion BoP, current US$ compare
- 115 Aruba -1.22 billion BoP, current US$ compare
- 116 Zimbabwe -1.26 billion BoP, current US$ compare
- 117 Curacao -1.27 billion BoP, current US$ compare
More economy & growth data for Bermuda
- External balance on goods and services as a percent of GDP 30.1% (2024)
- GDP per capita 116,514 constant 2015 US$ (2024)
- Share of manufacturing in gross domestic product (GDP) 0.3% (2024)
- Gross domestic product (GDP) 7.53 billion constant 2015 US$ (2024)
- GDP per capita in international and market dollars 116,514 constant 2015 US$ (2024)
- DEC alternative conversion factor 1 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -229.00 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) -229.00 million current US$ (2024)
- Taxes less subsidies on products 332.49 million current LCU (2024)
- Taxes less subsidies on products 332.49 million current US$ (2024)
Frequently asked questions
- What is net trade in goods in Bermuda?
- Net trade in goods in Bermuda was -1.20 billion BoP, current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net trade in goods recorded in Bermuda?
- The highest recorded value was -887.78 million BoP, current US$ in 2011.
- What is the lowest net trade in goods recorded in Bermuda?
- The lowest recorded value was -1.22 billion BoP, current US$ in 2022.
- How does Bermuda rank for net trade in goods?
- Bermuda ranks 114th out of 198 countries with data for 2023.
- Is net trade in goods rising or falling in Bermuda?
- Over the last ten years it is down 20.6%. The long-run trend across the full record is falling.
- 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 Net trade in goods (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods is the difference between the exports and imports of goods. 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.