Goods imports in Bermuda
Bermuda: Goods imports was 1.22 billion BoP, current US$ in 2023. ▲ Rising
Goods imports in Bermuda, 2006–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for goods imports in Bermuda is 1.22 billion BoP, current US$, measured in 2023.
That represents a change of down 1.8% on the previous year and up 20.3% over ten years.
Over the whole period, goods imports in Bermuda peaked at 1.24 billion BoP, current US$ in 2022 and was at its lowest, 900.36 million BoP, current US$, in 2012.
Bermuda ranks 171st of 199 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 18 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.12 billion BoP, current US$ | 1.06 billion BoP, current US$ | 1.17 billion BoP, current US$ | 4 |
| 2010s | 1.00 billion BoP, current US$ | 900.36 million BoP, current US$ | 1.15 billion BoP, current US$ | 10 |
| 2020s | 1.12 billion BoP, current US$ | 926.88 million BoP, current US$ | 1.24 billion BoP, current US$ | 4 |
Countries ranked near Bermuda
- 168 Belize 1.38 billion BoP, current US$ compare
- 169 Cape Verde 1.29 billion BoP, current US$ compare
- 170 Bhutan 1.28 billion BoP, current US$ compare
- 172 Sint Maarten (Dutch part) 1.16 billion BoP, current US$ compare
- 173 Burundi 1.10 billion BoP, current US$ compare
- 174 Faroe Islands 949.02 million BoP, current US$ compare
More economy & growth data for Bermuda
- Exports of goods and services 3.99 billion constant 2015 US$ (2024)
- Gross national expenditure 6.07 billion current US$ (2024)
- Gross national expenditure 6.07 billion current LCU (2024)
- Gross national expenditure 4.88 billion constant 2015 US$ (2024)
- Industry (including construction), value added 4.9% (2024)
- Gross national expenditure 66.1% (2024)
- Exports of goods and services 5.07 billion current US$ (2024)
- Exports of goods and services 5.07 billion current LCU (2024)
- Gross fixed capital formation 1.01 billion current LCU (2024)
- Gross fixed capital formation 1.01 billion current US$ (2024)
Frequently asked questions
- What is goods imports in Bermuda?
- Goods imports in Bermuda was 1.22 billion BoP, current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods imports recorded in Bermuda?
- The highest recorded value was 1.24 billion BoP, current US$ in 2022.
- What is the lowest goods imports recorded in Bermuda?
- The lowest recorded value was 900.36 million BoP, current US$ in 2012.
- How does Bermuda rank for goods imports?
- Bermuda ranks 171st out of 199 countries with data for 2023.
- Is goods imports rising or falling in Bermuda?
- Over the last ten years it is up 20.3%. The long-run trend across the full record is rising.
- Where does this Bermuda data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods imports (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Imports of goods occur when there are changes in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.