Merchandise imports by the reporting economy, residual in Bermuda
Bermuda: Merchandise imports by the reporting economy, residual was 2.1% in 2023. ◆ Volatile
Merchandise imports by the reporting economy, residual in Bermuda, 1961–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise imports.
Analysis
Bermuda recorded 2.1% for merchandise imports by the reporting economy, residual in 2023.
Compared with earlier readings it is down 31.2% on the previous year and down 63.7% over ten years.
Over the whole period, merchandise imports by the reporting economy, residual in Bermuda peaked at 6.9% in 2006 and was at its lowest, -0.0%, in 1999.
That places Bermuda 5th out of 206 countries with data for 2023, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise imports by the reporting economy, residual in Bermuda, year by year
| Year | % of total merchandise imports | Change |
|---|---|---|
| 1961 | 3.2% | — |
| 1962 | 3.6% | +14.0% |
| 1963 | 1.6% | -56.4% |
| 1964 | 1.3% | -17.7% |
| 1965 | 1.6% | +26.2% |
| 1966 | 1.8% | +7.4% |
| 1967 | 1.2% | -29.2% |
| 1968 | 2.6% | +111.8% |
| 1971 | 0.3% | -87.2% |
| 1972 | 0.7% | +103.9% |
| 1973 | 2.2% | +213.8% |
| 1974 | 3.8% | +73.3% |
| 1975 | 4.6% | +21.8% |
| 1976 | 0.4% | -91.1% |
| 1977 | 0.3% | -23.1% |
| 1978 | 3.6% | +1053.9% |
| 1979 | 0.4% | -89.2% |
| 1980 | 0.5% | +21.2% |
| 1981 | 0.4% | -18.2% |
| 1982 | 0.2% | -51.2% |
| 1983 | 0.1% | -65.6% |
| 1984 | 0.1% | +44.7% |
| 1985 | 2.3% | +2344.8% |
| 1986 | 0.1% | -95.9% |
| 1987 | -0.0% | -100.0% |
| 1988 | 0.6% | -2336081236010363.5% |
| 1989 | 4.5% | +703.5% |
| 1990 | 6.9% | +54.4% |
| 1991 | 5.2% | -24.7% |
| 1992 | 3.7% | -29.5% |
| 1993 | 0.2% | -95.1% |
| 1994 | 0.0% | -100.0% |
| 1995 | 1.7% | +3508853322528263.5% |
| 1996 | 1.1% | -38.6% |
| 1997 | 0.1% | -92.3% |
| 1998 | 0.2% | +106.7% |
| 1999 | -0.0% | -100.0% |
| 2000 | 0.0% | -100.0% |
| 2001 | 0.0% | — |
| 2002 | 0.0% | — |
| 2003 | 0.0% | — |
| 2004 | 0.0% | — |
| 2005 | 5.1% | — |
| 2006 | 6.9% | +35.5% |
| 2007 | 4.3% | -38.2% |
| 2008 | 3.7% | -13.5% |
| 2009 | 2.5% | -31.4% |
| 2010 | 6.0% | +136.1% |
| 2011 | 5.5% | -8.7% |
| 2012 | 4.6% | -16.1% |
| 2013 | 5.7% | +23.0% |
| 2014 | 5.6% | -0.8% |
| 2015 | 6.8% | +21.0% |
| 2016 | 4.7% | -30.8% |
| 2017 | 3.6% | -23.4% |
| 2018 | 3.1% | -15.0% |
| 2019 | 2.9% | -5.7% |
| 2020 | 3.9% | +35.0% |
| 2021 | 3.7% | -5.8% |
| 2022 | 3.0% | -18.8% |
| 2023 | 2.1% | -31.2% |
Bermuda compared with similar countries
- Bermuda's 2.1% is above the median for high income countries, which is 0.0%, 1838.8× the median. (74 countries reporting)
Biggest year-on-year movements
Years where Merchandise imports by the reporting economy, residual 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 |
|---|---|---|---|
| 1995 | +3508853322528263.5% | 0.0% | 1.7% |
| 1988 | +2336081236010363.5% | -0.0% | 0.6% |
| 1985 | +2344.8% | 0.1% | 2.3% |
| 1978 | +1053.9% | 0.3% | 3.6% |
| 1989 | +703.5% | 0.6% | 4.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 2.1% | 1.2% | 3.6% | 8 |
| 1970s | 1.8% | 0.3% | 4.6% | 9 |
| 1980s | 0.9% | -0.0% | 4.5% | 10 |
| 1990s | 1.9% | -0.0% | 6.9% | 10 |
| 2000s | 2.3% | 0.0% | 6.9% | 10 |
| 2010s | 4.8% | 2.9% | 6.8% | 10 |
| 2020s | 3.2% | 2.1% | 3.9% | 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 imports by the reporting economy, residual in Bermuda?
- Merchandise imports by the reporting economy, residual in Bermuda was 2.1% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise imports by the reporting economy, residual recorded in Bermuda?
- The highest recorded value was 6.9% in 2006.
- What is the lowest merchandise imports by the reporting economy, residual recorded in Bermuda?
- The lowest recorded value was -0.0% in 1999.
- How does Bermuda rank for merchandise imports by the reporting economy, residual?
- Bermuda ranks 5th out of 206 countries with data for 2023.
- Is merchandise imports by the reporting economy, residual rising or falling in Bermuda?
- Over the last ten years it is down 63.7%. 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 imports by the reporting economy, residual (% of total merchandise imports). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 61 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Merchandise imports by the reporting economy residuals are the total merchandise imports by the reporting economy from the rest of the world as reported in the IMF's Direction of trade database, less the sum of imports by the reporting economy from high-, low-, and middle-income economies according to the World Bank classification of economies. Includes trade with unspecified partners or with economies not covered by World Bank classification. Data are as a percentage of total merchandise imports by the economy.