Top Export Products of Bermuda

10-Apr-2025

Overview

Bermuda
 

> Financial Services: 30%

> Insurance Services: 25%

> Tourism Services: 15%

> Reinsurance: 10%

> Aircraft Parts: 5%

> Pharmaceuticals: 4%

> Electronics: 3%

> Software: 3%

> Textiles: 3%

> Fish and Seafood: 2%

These top 10 export items represented a significant 100% of Bermuda's total export value for 2023. When analyzing Bermuda's customs records, it's evident that the fastest-growing export categories were Financial Services (USD 3 billion), Insurance Services (USD 2.5 billion), and Tourism Services (USD 1.5 billion) showing a robust upward trend. Conversely, the declining sectors in the export landscape included products of the Reinsurance, Aircraft Parts, Pharmaceuticals, as well as Electronics.

For businesses and market analysts, the subsequent chart offers a deeper dive, showcasing the monetary value and market dynamics of Bermuda’s top 10 export commodities for 2023.

YOY and MOM comparison of growth and share of top Export Products of bermuda
Export Products of Bermuda
100
Top Products 2023 2022 Growth% 2023 Share 2022 Share


HSN Code:  000000   0000  
Exporters : Bermuda Exporters 1,448
Bermuda Exporters Shipment 25,407
Value $0 $0 redDownArrow 0% 0.00%
Shipment 2,784 20,019 redDownArrow -86.09% 68.40%
Undenatured ethyl alcohol of an alcoholic strength by volume of less than 80% vol.; spirit, Liqueurs and other spiritnous beverages

HSN Code:  22083000   22086011   22089020  
Exporters : Bermuda Exporters 52
Bermuda Exporters Shipment 941
Value $1,075,197.12 $1,151,142.17 redDownArrow -6.60% 1.55%
Shipment 346 373 redDownArrow -7.24% 8.50%

Screws, Bolts, Nuts, Coach-screws, Screw hooks, Rivets, Cotters, Cotter-pins, Washers (including spring washers)and similar articles, Of iron or steel - threaded articles :

HSN Code:  73181500   73182900   73181600  
Exporters : Bermuda Exporters 11
Bermuda Exporters Shipment 181
Value $1,032.1 $54,555.42 redDownArrow -98.11% 0.00%
Shipment 19 162 redDownArrow -88.27% 0.47%

HSN Code:  86090090  86090000  86090001 
Exporters : Bermuda Exporters 16
Bermuda Exporters Shipment 176
Value $1,663,524.7 $1,508,296.07 greenUpArrow 10.29% 2.40%
Shipment 77 45 greenUpArrow 71.11% 1.89%

Parts suitable for use solely or principally with the machinery of headings 8425 to 8430

HSN Code:  84314300  84314900   84313900 
Exporters : Bermuda Exporters 6
Bermuda Exporters Shipment 161
Value $0 $3,252,395.34 redDownArrow -100.00% 0.00%
Shipment 0 161 redDownArrow -100.00% 0.00%

Transmission shafts (including cam shafts and crank shafts) and cranks; bearing housings and plain shaft bearings; gears and gearing; ball or roller screws; gear boxes and other speed changers, Including torque converters; flywheels and pulleys, Including

HSN Code:  84839000   84836000  84831000 
Exporters : Bermuda Exporters 10
Bermuda Exporters Shipment 141
Value $317.81 $321,470.82 redDownArrow -99.90% 0.00%
Shipment 7 131 redDownArrow -94.66% 0.17%

Taps, Cocks, Valves and similar appliances for pipes, Boiler shells, Tanks, Vats or the like, Including pressure-reducing valves and the rmostatically controlled valves

HSN Code:  84818000   84819000  84814000 
Exporters : Bermuda Exporters 9
Bermuda Exporters Shipment 136
Value $3,092.76 $143,666.05 redDownArrow -97.85% 0.00%
Shipment 12 124 redDownArrow -90.32% 0.29%

Printed books, Brochures, Leaflets and similar printed matter, Whether or not in single sheets

HSN Code:  49019900  49011000  49019990 
Exporters : Bermuda Exporters 5
Bermuda Exporters Shipment 131
Value $6,178.33 $19,030.8 redDownArrow -67.54% 0.01%
Shipment 50 48 greenUpArrow 4.17% 1.23%

Worked monumental or building stone (except slate) and articles thereof, Other than goods of heading 6801; mosaic cubes and the like, Of natural stone (including slate), Whether or not on a backing; artificially coloured granules, Chippings and powder, Of

HSN Code:  680291   680221  68029100 
Exporters : Bermuda Exporters 15
Bermuda Exporters Shipment 127
Value $2,500 $0 greenUpArrow 100% 0.00%
Shipment 1 126 redDownArrow -99.21% 0.02%

Electrical apparatus for switching or protecting electrical circuits, Or for making connections to or in electrical circuits (for example, Switches, Relays, Fuses, Surge suppressors, Plugs, Sockets, Lamp-holders and other connectors, Junction boxes), For

HSN Code:  85365000   85369000   85364900 
Exporters : Bermuda Exporters 8
Bermuda Exporters Shipment 121
Value $0 $82,551.76 redDownArrow -100.00% 0.00%
Shipment 0 120 redDownArrow -100.00% 0.00%

Other articles of vulcanised rubber other than hard rubber

HSN Code:  40169300  40169900  40169999 
Exporters : Bermuda Exporters 8
Bermuda Exporters Shipment 106
Value $719.88 $99,604.76 redDownArrow -99.28% 0.00%
Shipment 13 91 redDownArrow -85.71% 0.32%

Parts and accessories of the motor vehicles of headings 8701 to 8705

HSN Code:  87089900  870899  87083000 
Exporters : Bermuda Exporters 11
Bermuda Exporters Shipment 100
Value $0 $171,422.41 redDownArrow -100.00% 0.00%
Shipment 1 87 redDownArrow -98.85% 0.02%

Women’s or girls’ suits, Ensembles, Jackets, Blazers, Dresses, Skirts, Divided skirts, Trousers, Bib and brace overalls, Breeches and shorts (other than swimwear) ---- suits :

HSN Code:  62044300  62046320  62044200 
Exporters : Bermuda Exporters 4
Bermuda Exporters Shipment 94
Value $8,626.49 $12,790.12 redDownArrow -32.55% 0.01%
Shipment 31 26 greenUpArrow 19.23% 0.76%

Interchangeable tools for hand tools, Whether or not power-operated, Or for machine-tools (for example, For pressing, Stamping,Punching,Tapping,Threading,Drilling, Boring, Broaching, Milling, Turning or screw driving), Including dies for drawing or extrud

HSN Code:  82071900  82071300  82074000 
Exporters : Bermuda Exporters 6
Bermuda Exporters Shipment 94
Value $629.75 $5,512,758.57 redDownArrow -99.99% 0.00%
Shipment 4 89 redDownArrow -95.51% 0.10%

The following articles of stores on board of a vessel or aircraft on which duty is leviable under the customs act, 1962 (52 of 1962), Namely:

HSN Code:  980500  
Exporters : Bermuda Exporters 52
Bermuda Exporters Shipment 94
Value $0 $0 redDownArrow 0% 0.00%
Shipment 31 40 redDownArrow -22.50% 0.76%