Trade balance — all countries

Trade balance — Bermuda

Trade balance in Bermuda in 2024 — 2,766,352,000 US$. Ranked 55 in the world out of 171. Since 2010, the indicator has risen by 54.5%.

2024 2.77B US$ +15.37% vs 2023
World rank 55of 171
Period maximum 2.77B US$2024
Period minimum 1.63B US$2020

Trend over time

2010–2024 · US$

Trade balance — Bermuda, 2010–20241.5B2B2.5B3B201020122014201620182020202220242010: 1,790,984,000 US$2011: 1,818,563,000 US$2012: 1,737,596,000 US$2013: 1,742,927,000 US$2014: 1,655,177,000 US$2015: 1,773,181,000 US$2016: 1,787,781,000 US$2017: 1,763,000,000 US$2018: 1,835,618,000 US$2019: 1,924,663,000 US$2020: 1,630,892,000 US$2021: 1,667,462,000 US$2022: 1,864,279,000 US$2023: 2,397,874,000 US$2024: 2,766,352,000 US$
Change over the period: +975M (+54.46%) Average annual rate: 3.15 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Bermuda

Bermuda 2.77B US$
World computed 863B US$
North America computed -900B US$
Northern America computed -900B US$
High-income countries computed 621B US$
Trade balance — Bermuda, by year Bermuda All countries CSV XLSX
Year US$ Change Change, %
2024 2.77B +368M +15.37%
2023 2.4B +534M +28.62%
2022 1.86B +197M +11.8%
2021 1.67B +36.57M +2.24%
2020 1.63B −294M −15.26%
2019 1.92B +89.05M +4.85%
2018 1.84B +72.62M +4.12%
2017 1.76B −24.78M −1.39%
2016 1.79B +14.6M +0.82%
2015 1.77B +118M +7.13%
2014 1.66B −87.75M −5.03%
2013 1.74B +5.33M +0.31%
2012 1.74B −80.97M −4.45%
2011 1.82B +27.58M +1.54%
2010 1.79B

Northern America, 2024

The same indicator for neighboring countries — with links to their pages

About the indicator

The balance of foreign trade in goods and services: exports minus imports. This is the largest part of the current account but not the whole of it — investment income and remittances do not enter the trade balance, and for countries with large transfers the two indicators move in opposite directions. A surplus is not in itself a sign of a healthy economy: a country importing equipment for construction will run a deficit precisely because it is investing in growth.

Important: Goods and services together. For countries with large service exports — tourism, transport, software — the merchandise balance can be negative while the overall balance is positive.

Source: World Development Indicators (World Bank), license CC BY 4.0.