Merchandise trade in Bermuda
Bermuda: Merchandise trade was 14.6% in 2024. ▼ Falling
Merchandise trade in Bermuda, 1980–2024
Source: World Trade Organization (WTO). Measured in % of GDP.
Analysis
In 2024, merchandise trade in Bermuda stood at 14.6%.
Compared with earlier readings it is up 4.2% on the previous year and down 5.1% over ten years.
Over the whole period, merchandise trade in Bermuda peaked at 56.9% in 1980 and was at its lowest, 13.4%, in 2020.
Bermuda ranks 203rd of 204 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 45 years of available data.
Merchandise trade in Bermuda, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1980 | 56.9% | — |
| 1981 | 47.6% | -16.3% |
| 1982 | 46.8% | -1.6% |
| 1983 | 45.1% | -3.8% |
| 1984 | 46.2% | +2.4% |
| 1985 | 41.0% | -11.2% |
| 1986 | 43.0% | +5.0% |
| 1987 | 34.6% | -19.5% |
| 1988 | 36.7% | +5.9% |
| 1989 | 39.0% | +6.2% |
| 1990 | 41.1% | +5.6% |
| 1991 | 34.6% | -16.0% |
| 1992 | 38.5% | +11.4% |
| 1993 | 31.3% | -18.8% |
| 1994 | 31.2% | -0.1% |
| 1995 | 29.8% | -4.4% |
| 1996 | 23.6% | -20.8% |
| 1997 | 23.0% | -2.5% |
| 1998 | 21.5% | -6.6% |
| 1999 | 23.0% | +6.6% |
| 2000 | 22.2% | -3.5% |
| 2001 | 20.5% | -7.3% |
| 2002 | 20.4% | -0.7% |
| 2003 | 21.1% | +3.6% |
| 2004 | 23.7% | +11.9% |
| 2005 | 21.2% | -10.2% |
| 2006 | 18.2% | -14.1% |
| 2007 | 17.6% | -3.3% |
| 2008 | 16.9% | -3.9% |
| 2009 | 16.4% | -3.1% |
| 2010 | 14.9% | -9.4% |
| 2011 | 14.5% | -2.8% |
| 2012 | 14.3% | -1.2% |
| 2013 | 15.8% | +10.9% |
| 2014 | 15.3% | -3.1% |
| 2015 | 14.4% | -6.4% |
| 2016 | 14.4% | +0.5% |
| 2017 | 15.6% | +8.0% |
| 2018 | 15.5% | -0.6% |
| 2019 | 15.4% | -0.4% |
| 2020 | 13.4% | -13.1% |
| 2021 | 14.9% | +11.0% |
| 2022 | 15.8% | +6.1% |
| 2023 | 14.0% | -11.5% |
| 2024 | 14.6% | +4.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 43.7% | 34.6% | 56.9% | 10 |
| 1990s | 29.8% | 21.5% | 41.1% | 10 |
| 2000s | 19.8% | 16.4% | 23.7% | 10 |
| 2010s | 15.0% | 14.3% | 15.8% | 10 |
| 2020s | 14.5% | 13.4% | 15.8% | 5 |
Countries ranked near Bermuda
More private sector data for Bermuda
- 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$), annual growth rate -36.76 % change on previous year (2025)
- Merchandise imports (current US$), per capita 19,286 current US$ per person (2025)
Frequently asked questions
- What is merchandise trade in Bermuda?
- Merchandise trade in Bermuda was 14.6% in 2024, according to World Trade Organization (WTO).
- What is the highest merchandise trade recorded in Bermuda?
- The highest recorded value was 56.9% in 1980.
- What is the lowest merchandise trade recorded in Bermuda?
- The lowest recorded value was 13.4% in 2020.
- How does Bermuda rank for merchandise trade?
- Bermuda ranks 203rd out of 204 countries with data for 2024.
- Is merchandise trade rising or falling in Bermuda?
- Over the last ten years it is down 5.1%. The long-run trend across the full record is falling.
- Where does this Bermuda data come from?
- The figures come from World Trade Organization (WTO), published as part of Merchandise trade (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 45 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
General merchandise trade includes goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. It is the total of merchandise exports plus merchandise imports. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.