Merchandise exports to high-income economies in Bermuda
Bermuda: Merchandise exports to high-income economies was 71.8% in 2023. ▼ Falling
Merchandise exports to high-income economies in Bermuda, 1961–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise exports.
Analysis
Bermuda recorded 71.8% for merchandise exports to high-income economies in 2023.
That represents a change of up 34.6% on the previous year and down 10.4% over ten years.
Over the whole period, merchandise exports to high-income economies in Bermuda peaked at 100.0% in 1995 and was at its lowest, 13.4%, in 2018.
Bermuda ranks 84th of 206 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 60 years of available data.
Merchandise exports to high-income economies in Bermuda, year by year
| Year | % of total merchandise exports | Change |
|---|---|---|
| 1961 | 74.0% | — |
| 1962 | 68.9% | -7.0% |
| 1963 | 81.7% | +18.7% |
| 1964 | 75.4% | -7.7% |
| 1965 | 75.3% | -0.2% |
| 1966 | 91.4% | +21.4% |
| 1967 | 93.2% | +2.0% |
| 1971 | 91.1% | -2.3% |
| 1972 | 86.2% | -5.3% |
| 1973 | 78.4% | -9.1% |
| 1974 | 80.9% | +3.2% |
| 1975 | 77.6% | -4.0% |
| 1976 | 75.3% | -2.9% |
| 1977 | 57.3% | -23.9% |
| 1978 | 65.8% | +14.8% |
| 1979 | 77.8% | +18.2% |
| 1980 | 70.5% | -9.4% |
| 1981 | 71.2% | +1.0% |
| 1982 | 81.7% | +14.7% |
| 1983 | 90.1% | +10.3% |
| 1984 | 88.4% | -1.8% |
| 1985 | 85.2% | -3.6% |
| 1986 | 82.8% | -2.9% |
| 1987 | 96.6% | +16.6% |
| 1988 | 99.2% | +2.7% |
| 1989 | 99.3% | +0.1% |
| 1990 | 99.9% | +0.6% |
| 1991 | 99.6% | -0.3% |
| 1992 | 95.5% | -4.1% |
| 1993 | 68.3% | -28.6% |
| 1994 | 99.3% | +45.5% |
| 1995 | 100.0% | +0.7% |
| 1996 | 56.5% | -43.5% |
| 1997 | 90.4% | +60.0% |
| 1998 | 86.9% | -3.9% |
| 1999 | 98.0% | +12.8% |
| 2000 | 98.7% | +0.7% |
| 2001 | 99.4% | +0.7% |
| 2002 | 99.7% | +0.2% |
| 2003 | 99.7% | +0.0% |
| 2004 | 99.7% | +0.1% |
| 2005 | 99.9% | +0.1% |
| 2006 | 71.5% | -28.4% |
| 2007 | 61.3% | -14.2% |
| 2008 | 99.4% | +62.0% |
| 2009 | 77.3% | -22.3% |
| 2010 | 97.2% | +25.8% |
| 2011 | 86.7% | -10.7% |
| 2012 | 68.0% | -21.6% |
| 2013 | 80.2% | +17.9% |
| 2014 | 39.1% | -51.3% |
| 2015 | 87.2% | +123.0% |
| 2016 | 81.3% | -6.7% |
| 2017 | 26.9% | -67.0% |
| 2018 | 13.4% | -50.0% |
| 2019 | 50.1% | +272.4% |
| 2020 | 47.2% | -5.6% |
| 2021 | 64.3% | +36.1% |
| 2022 | 53.4% | -17.0% |
| 2023 | 71.8% | +34.6% |
Bermuda compared with similar countries
- Bermuda's 71.8% is below the median for high income countries, which is 80.7%, 89% of the median. (74 countries reporting)
Biggest year-on-year movements
Years where Merchandise exports to high-income economies in Bermuda changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2019 | +272.4% | 13.4% | 50.1% |
| 2015 | +123.0% | 39.1% | 87.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 80.0% | 68.9% | 93.2% | 7 |
| 1970s | 76.7% | 57.3% | 91.1% | 9 |
| 1980s | 86.5% | 70.5% | 99.3% | 10 |
| 1990s | 89.4% | 56.5% | 100.0% | 10 |
| 2000s | 90.7% | 61.3% | 99.9% | 10 |
| 2010s | 63.0% | 13.4% | 97.2% | 10 |
| 2020s | 59.2% | 47.2% | 71.8% | 4 |
Countries ranked near Bermuda
More private sector data for Bermuda
- Merchandise trade 14.6% (2024)
- Food imports 21.5% (2024)
- Manufactures imports 54.6% (2024)
- Merchandise imports 1.25 billion current US$ (2025)
- Food exports 1.8% (2024)
- Manufactures exports 59.9% (2024)
- Merchandise exports 43.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 666.1 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0074 current US$ per US$ of GDP (2024)
- Merchandise exports (current US$), annual growth rate -36.76 % change on previous year (2025)
Frequently asked questions
- What is merchandise exports to high-income economies in Bermuda?
- Merchandise exports to high-income economies in Bermuda was 71.8% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise exports to high-income economies recorded in Bermuda?
- The highest recorded value was 100.0% in 1995.
- What is the lowest merchandise exports to high-income economies recorded in Bermuda?
- The lowest recorded value was 13.4% in 2018.
- How does Bermuda rank for merchandise exports to high-income economies?
- Bermuda ranks 84th out of 206 countries with data for 2023.
- Is merchandise exports to high-income economies rising or falling in Bermuda?
- Over the last ten years it is down 10.4%. The long-run trend across the full record is falling.
- Where does this Bermuda data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Merchandise exports to high-income economies (% of total merchandise exports). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 60 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.