Top Export Trading Partners of Bermuda - Volza

Bermuda's primary export trading partners play a significant role in its economy. In 2023, the top partners included the United States (40% of exports, $140 million), United Kingdom (20%, $70 million), Canada (15%, $52.5 million), Germany (10%, $35 million), and France (5%, $17.5 million).

Key exports to these countries include pharmaceuticals, reinsurance services, financial services, and rum. Trade agreements such as the Bermuda-U.S. Tax Convention Act and bilateral agreements with the UK facilitate smoother trade flows.

Bermuda's government offers strategic incentives, including tax benefits and streamlined regulatory processes, to promote robust trade relationships. Bermuda's GDP growth rate is 1.8%, with an inflation rate of 2.5%, which impacts its export dynamics and trade policies. The country's focus on financial services and its advantageous geographic location in the Atlantic significantly influence its export landscape.