Merchandise exports to low- and middle-income economies outside region in Bermuda
Bermuda: Merchandise exports to low- and middle-income economies outside region was 28.2% in 2023. ◆ Volatile
Merchandise exports to low- and middle-income economies outside region in Bermuda, 1961–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise exports.
Analysis
In 2023, merchandise exports to low- and middle-income economies outside region in Bermuda stood at 28.2%.
The figure is down 39.6% on the previous year and up 42.1% over ten years.
Over the whole period, merchandise exports to low- and middle-income economies outside region in Bermuda peaked at 86.6% in 2018 and was at its lowest, 0.0%, in 1995.
That places Bermuda 44th out of 206 countries with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise exports to low- and middle-income economies outside region in Bermuda, year by year
| Year | % of total merchandise exports | Change |
|---|---|---|
| 1961 | 21.5% | — |
| 1962 | 25.7% | +19.2% |
| 1963 | 16.8% | -34.7% |
| 1964 | 23.0% | +37.3% |
| 1965 | 23.5% | +2.2% |
| 1966 | 8.4% | -64.2% |
| 1967 | 6.6% | -21.4% |
| 1971 | 8.9% | +34.3% |
| 1972 | 13.5% | +51.9% |
| 1973 | 21.1% | +56.2% |
| 1974 | 18.8% | -11.0% |
| 1975 | 21.9% | +16.5% |
| 1976 | 23.8% | +8.8% |
| 1977 | 41.9% | +76.3% |
| 1978 | 32.3% | -22.9% |
| 1979 | 21.6% | -33.1% |
| 1980 | 29.0% | +33.9% |
| 1981 | 27.6% | -4.8% |
| 1982 | 17.8% | -35.5% |
| 1983 | 9.9% | -44.1% |
| 1984 | 11.6% | +16.7% |
| 1985 | 14.8% | +27.1% |
| 1986 | 17.2% | +16.5% |
| 1987 | 3.4% | -80.1% |
| 1988 | 0.8% | -76.6% |
| 1989 | 0.7% | -13.0% |
| 1990 | 0.1% | -89.1% |
| 1991 | 0.4% | +428.3% |
| 1992 | 4.2% | +944.6% |
| 1993 | 31.7% | +657.7% |
| 1994 | 0.7% | -97.8% |
| 1995 | 0.0% | -100.0% |
| 1996 | 43.1% | +28147262.9% |
| 1997 | 9.5% | -78.0% |
| 1998 | 13.1% | +38.5% |
| 1999 | 2.0% | -84.8% |
| 2000 | 1.2% | -39.7% |
| 2001 | 0.6% | -53.5% |
| 2002 | 0.3% | -39.8% |
| 2003 | 0.3% | -19.2% |
| 2004 | 0.2% | -36.1% |
| 2005 | 0.1% | -68.6% |
| 2006 | 28.4% | +51999.0% |
| 2007 | 38.7% | +36.2% |
| 2008 | 0.6% | -98.4% |
| 2009 | 22.7% | +3538.7% |
| 2010 | 2.8% | -87.6% |
| 2011 | 13.3% | +368.8% |
| 2012 | 32.0% | +141.2% |
| 2013 | 19.8% | -38.1% |
| 2014 | 60.8% | +207.1% |
| 2015 | 12.8% | -78.9% |
| 2016 | 18.7% | +45.3% |
| 2017 | 73.1% | +291.9% |
| 2018 | 86.6% | +18.4% |
| 2019 | 49.9% | -42.3% |
| 2020 | 52.8% | +5.6% |
| 2021 | 35.7% | -32.3% |
| 2022 | 46.6% | +30.7% |
| 2023 | 28.2% | -39.6% |
Bermuda compared with similar countries
- Bermuda's 28.2% is above the median for high income countries, which is 9.2%, 3.0× the median. (74 countries reporting)
Biggest year-on-year movements
Years where Merchandise exports to low- and middle-income economies outside region 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 |
|---|---|---|---|
| 1996 | +28147262.9% | 0.0% | 43.1% |
| 2006 | +51999.0% | 0.1% | 28.4% |
| 2009 | +3538.7% | 0.6% | 22.7% |
| 1992 | +944.6% | 0.4% | 4.2% |
| 1993 | +657.7% | 4.2% | 31.7% |
| 1991 | +428.3% | 0.1% | 0.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 17.9% | 6.6% | 25.7% | 7 |
| 1970s | 22.6% | 8.9% | 41.9% | 9 |
| 1980s | 13.3% | 0.7% | 29.0% | 10 |
| 1990s | 10.5% | 0.0% | 43.1% | 10 |
| 2000s | 9.3% | 0.1% | 38.7% | 10 |
| 2010s | 37.0% | 2.8% | 86.6% | 10 |
| 2020s | 40.8% | 28.2% | 52.8% | 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 low- and middle-income economies outside region in Bermuda?
- Merchandise exports to low- and middle-income economies outside region in Bermuda was 28.2% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise exports to low- and middle-income economies outside region recorded in Bermuda?
- The highest recorded value was 86.6% in 2018.
- What is the lowest merchandise exports to low- and middle-income economies outside region recorded in Bermuda?
- The lowest recorded value was 0.0% in 1995.
- How does Bermuda rank for merchandise exports to low- and middle-income economies outside region?
- Bermuda ranks 44th out of 206 countries with data for 2023.
- Is merchandise exports to low- and middle-income economies outside region rising or falling in Bermuda?
- Over the last ten years it is up 42.1%. The long-run trend across the full record is volatile.
- Where does this Bermuda data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports). Statizoid updates them automatically from the source API.
Download this data
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About this data
Merchandise exports to low- and middle-income economies outside region are the sum of merchandise exports from the reporting economy to other low- and middle-income economies in other World Bank regions 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.