In 2014, the value of merchandise exports of Bermuda decreased substantially by 44.9 percent to reach 12.0 mln US$, while its merchandise imports decreased slightly by 3.4 percent to reach 961.1 mln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a large deficit of 949.1 mln US$ (see graph 1). The largest merchandise trade balance was with MDG Developed North America at -805.0 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 2013, the value of exports of services of Bermuda decreased slightly by 0.7 percent, reaching 1.4 bln US$, while its imports of services increased slightly by 0.2 percent and reached 898.3 mln US$ (see graph 2). There was a moderate trade in services surplus of 472.3 mln US$.

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