Tariff rate, most favored nation, simple mean, manufactured products in Bermuda
Bermuda: Tariff rate, most favored nation, simple mean, manufactured products was 21.4% in 2022. ▲ Rising
Tariff rate, most favored nation, simple mean, manufactured products in Bermuda, 2001–2022
Source: Staff estimates. Measured in %.
Analysis
In 2022, tariff rate, most favored nation, simple mean, manufactured products in Bermuda stood at 21.4%.
That represents a change of down 0.4% on the previous year and up 10.1% over ten years.
Over the whole period, tariff rate, most favored nation, simple mean, manufactured products in Bermuda peaked at 22.6% in 2019 and was at its lowest, 19.4%, in 2014.
That places Bermuda 3rd out of 186 countries with data for 2022, putting it in the top 10%.
The long-run direction has been consistently rising across the 18 years of available data.
Tariff rate, most favored nation, simple mean, manufactured products in Bermuda, year by year
| Year | % | Change |
|---|---|---|
| 2001 | 20.8% | — |
| 2005 | 20.2% | -2.8% |
| 2007 | 20.1% | -0.5% |
| 2008 | 20.0% | -0.3% |
| 2009 | 19.9% | -0.3% |
| 2010 | 19.5% | -2.1% |
| 2011 | 19.5% | -0.2% |
| 2012 | 19.5% | -0.1% |
| 2013 | 19.4% | -0.1% |
| 2014 | 19.4% | -0.2% |
| 2015 | 19.5% | +0.3% |
| 2016 | 19.5% | +0.2% |
| 2017 | 21.6% | +10.6% |
| 2018 | 21.9% | +1.5% |
| 2019 | 22.6% | +3.4% |
| 2020 | 21.6% | -4.8% |
| 2021 | 21.5% | -0.2% |
| 2022 | 21.4% | -0.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 20.2% | 19.9% | 20.8% | 5 |
| 2010s | 20.2% | 19.4% | 22.6% | 10 |
| 2020s | 21.5% | 21.4% | 21.6% | 3 |
Countries ranked near Bermuda
- 1 Bahamas 33.2% compare
- 2 Djibouti 21.9% compare
- 4 Cayman Islands 21.3% compare
- 5 Sudan 19.9% compare
- 6 Iran, Islamic Republic of 19.7% compare
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, most favored nation, simple mean, manufactured products in Bermuda?
- Tariff rate, most favored nation, simple mean, manufactured products in Bermuda was 21.4% in 2022, according to Staff estimates.
- What is the highest tariff rate, most favored nation, simple mean, manufactured products recorded in Bermuda?
- The highest recorded value was 22.6% in 2019.
- What is the lowest tariff rate, most favored nation, simple mean, manufactured products recorded in Bermuda?
- The lowest recorded value was 19.4% in 2014.
- How does Bermuda rank for tariff rate, most favored nation, simple mean, manufactured products?
- Bermuda ranks 3rd out of 186 countries with data for 2022.
- Is tariff rate, most favored nation, simple mean, manufactured products rising or falling in Bermuda?
- Over the last ten years it is up 10.1%. The long-run trend across the full record is rising.
- Where does this Bermuda data come from?
- The figures come from Staff estimates, published as part of Tariff rate, most favored nation, simple mean, manufactured products (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 18 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Simple mean most favored nation tariff rate is the unweighted average of most favored nation 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. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.