Tariff rate, applied, simple mean, manufactured products in Bermuda
Bermuda: Tariff rate, applied, simple mean, manufactured products was 19.7% in 2022. ▬ Flat
Tariff rate, applied, simple mean, manufactured products in Bermuda, 2007–2022
Source: Staff estimates. Measured in %.
Analysis
The most recent figure for tariff rate, applied, simple mean, manufactured products in Bermuda is 19.7%, measured in 2022.
Compared with earlier readings it is down 1.1% on the previous year and up 4.1% over ten years.
Over the whole period, tariff rate, applied, simple mean, manufactured products in Bermuda peaked at 21.7% in 2019 and was at its lowest, 18.8%, in 2014.
Bermuda ranks 3rd of 184 countries on this measure, in the top 10%.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 19.8% | 19.7% | 19.8% | 3 |
| 2010s | 19.7% | 18.8% | 21.7% | 10 |
| 2020s | 19.9% | 19.7% | 19.9% | 3 |
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 tariff rate, applied, simple mean, manufactured products in Bermuda?
- Tariff rate, applied, simple mean, manufactured products in Bermuda was 19.7% in 2022, according to Staff estimates.
- What is the highest tariff rate, applied, simple mean, manufactured products recorded in Bermuda?
- The highest recorded value was 21.7% in 2019.
- What is the lowest tariff rate, applied, simple mean, manufactured products recorded in Bermuda?
- The lowest recorded value was 18.8% in 2014.
- How does Bermuda rank for tariff rate, applied, simple mean, manufactured products?
- Bermuda ranks 3rd out of 184 countries with data for 2022.
- Is tariff rate, applied, simple mean, manufactured products rising or falling in Bermuda?
- Over the last ten years it is up 4.1%. The long-run trend across the full record is flat.
- Where does this Bermuda data come from?
- The figures come from Staff estimates, published as part of Tariff rate, applied, simple mean, manufactured products (%). Statizoid updates them automatically from the source API.
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About this data
Simple mean applied tariff is the unweighted average of effectively applied rates for all products subject to tariffs calculated for all traded goods. Data are classified using the Harmonized System of trade at the six- or eight-digit level. Tariff line data were matched to Standard International Trade Classification (SITC) revision 3 codes to define commodity groups. Effectively applied tariff rates at the six- and eight-digit product level are averaged for products in each commodity group. When the effectively applied rate is unavailable, the most favored nation rate is used instead. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of simple mean tariffs. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.