Tariff rate, most favored nation, simple mean, primary products (%) in Bermuda
Bermuda: Tariff rate, most favored nation, simple mean, primary products (%) was 29.1% in 2022. ◆ Volatile
Tariff rate, most favored nation, simple mean, primary products in Bermuda, 2001–2022
Source: Staff estimates. Measured in %.
Analysis
Bermuda recorded 29.1% for tariff rate, most favored nation, simple mean, primary products in 2022.
The figure is up 2.9% on the previous year and up 150.9% over ten years.
Over the whole period, tariff rate, most favored nation, simple mean, primary products in Bermuda peaked at 44.0% in 2019 and was at its lowest, 11.4%, in 2013.
Bermuda ranks 4th of 186 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Tariff rate, most favored nation, simple mean, primary products (%) in Bermuda, year by year
| Year | % | Change |
|---|---|---|
| 2001 | 15.4% | — |
| 2005 | 13.1% | -15.2% |
| 2007 | 12.7% | -2.5% |
| 2008 | 12.5% | -1.9% |
| 2009 | 12.5% | +0.2% |
| 2010 | 12.7% | +1.2% |
| 2011 | 12.7% | -0.2% |
| 2012 | 11.6% | -8.3% |
| 2013 | 11.4% | -1.7% |
| 2014 | 11.5% | +1.1% |
| 2015 | 11.7% | +1.1% |
| 2016 | 11.9% | +2.1% |
| 2017 | 12.9% | +8.6% |
| 2018 | 27.5% | +112.2% |
| 2019 | 44.0% | +60.0% |
| 2020 | 28.5% | -35.3% |
| 2021 | 28.3% | -0.5% |
| 2022 | 29.1% | +2.9% |
Bermuda compared with similar countries
- Bermuda's 29.1% is above the median for high income countries, which is 9.0%, 3.2× the median. (66 countries reporting)
Biggest year-on-year movements
Years where Tariff rate, most favored nation, simple mean, primary products (%) 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 |
|---|---|---|---|
| 2018 | +112.2% | 12.9% | 27.5% |
| 2019 | +60.0% | 27.5% | 44.0% |
| 2020 | -35.3% | 44.0% | 28.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 13.2% | 12.5% | 15.4% | 5 |
| 2010s | 16.8% | 11.4% | 44.0% | 10 |
| 2020s | 28.6% | 28.3% | 29.1% | 3 |
Countries ranked near Bermuda
More private sector data for Bermuda
- Merchandise trade 14.6% (2024)
- Food imports 22.8% (2025)
- Manufactures imports 56.5% (2025)
- Merchandise imports 1.25 billion current US$ (2025)
- Commercial service imports 1.30 billion current US$ (2025)
- Food exports 1.1% (2025)
- Manufactures exports 98.2% (2025)
- Merchandise exports 43.00 million current US$ (2025)
- Commercial service exports 1.90 billion current US$ (2025)
- Merchandise exports (current US$), per capita 666.1 current US$ per person (2025)
Frequently asked questions
- What is tariff rate, most favored nation, simple mean, primary products in Bermuda?
- Tariff rate, most favored nation, simple mean, primary products in Bermuda was 29.1% in 2022, according to Staff estimates.
- What is the highest tariff rate, most favored nation, simple mean, primary products recorded in Bermuda?
- The highest recorded value was 44.0% in 2019.
- What is the lowest tariff rate, most favored nation, simple mean, primary products recorded in Bermuda?
- The lowest recorded value was 11.4% in 2013.
- How does Bermuda rank for tariff rate, most favored nation, simple mean, primary products?
- Bermuda ranks 4th out of 186 countries with data for 2022.
- Is tariff rate, most favored nation, simple mean, primary products rising or falling in Bermuda?
- Over the last ten years it is up 150.9%. The long-run trend across the full record is volatile.
- Where does this Bermuda data come from?
- The figures come from Staff estimates, published as part of Tariff rate, most favored nation, simple mean, primary 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. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).