1945

In 2013, the value of merchandise exports of Bermuda increased substantially by 125.5 percent to reach 21.7 mln US$, while its merchandise imports increased substantially by 14.7 percent to reach 994.6 mln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a relatively large deficit of 972.9 mln US$ (see graph 1). The largest merchandise trade balance was with MDG Developed North America at -799.6 mln US$ (see graph 4). Merchandise exports in Bermuda were highly concentrated amongst partners; imports were also highly concentrated. The top 2 partners accounted for 80 percent or more of exports and 2 partners accounted for 80 percent or more of imports (see graph 5). In 2012, the value of exports of services of Bermuda decreased slightly by 2.3 percent, reaching 1.4 bln US$, while its imports of services increased slightly by 1.0 percent and reached 976.8 mln US$ (see graph 2). There was a moderate trade in services surplus of 424.8 mln US$.

Related Subject(s): International Trade and Finance
Countries: Bermuda
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