Tariff rate, applied, simple mean, primary products in Bermuda
Bermuda: Tariff rate, applied, simple mean, primary products was 34.5% in 2022. ◆ Volatile
Tariff rate, applied, simple mean, primary products in Bermuda, 2007–2022
Source: Staff estimates. Measured in %.
Analysis
Bermuda recorded 34.5% for tariff rate, applied, simple mean, primary products in 2022.
That represents a change of up 6.7% on the previous year and up 121.2% over ten years.
Over the whole period, tariff rate, applied, simple mean, primary products in Bermuda peaked at 129.5% in 2019 and was at its lowest, 13.9%, in 2013.
That places Bermuda 2nd out of 184 countries with data for 2022, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 16.5% | 16.1% | 17.1% | 3 |
| 2010s | 29.6% | 13.9% | 129.5% | 10 |
| 2020s | 33.1% | 32.3% | 34.5% | 3 |
Countries ranked near Bermuda
More private sector data for Bermuda
- Food imports 21.5% (2024)
- Merchandise exports 43.00 million current US$ (2025)
- Manufactures exports 59.9% (2024)
- Food exports 1.8% (2024)
- Merchandise trade 14.6% (2024)
- Manufactures imports 54.6% (2024)
- Merchandise imports 1.25 billion current US$ (2025)
- Commercial service exports 1.53 billion current US$ (2023)
- Transport services 24.6% (2023)
- Computer, communications and other services 32.8% (2023)
Frequently asked questions
- What is tariff rate, applied, simple mean, primary products in Bermuda?
- Tariff rate, applied, simple mean, primary products in Bermuda was 34.5% in 2022, according to Staff estimates.
- What is the highest tariff rate, applied, simple mean, primary products recorded in Bermuda?
- The highest recorded value was 129.5% in 2019.
- What is the lowest tariff rate, applied, simple mean, primary products recorded in Bermuda?
- The lowest recorded value was 13.9% in 2013.
- How does Bermuda rank for tariff rate, applied, simple mean, primary products?
- Bermuda ranks 2nd out of 184 countries with data for 2022.
- Is tariff rate, applied, simple mean, primary products rising or falling in Bermuda?
- Over the last ten years it is up 121.2%. 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, applied, simple mean, primary products (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 16 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Simple mean applied tariff is the unweighted average of effectively applied 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. Effectively applied tariff rates at the six- and eight-digit product level are averaged for products in each commodity group. When the effectively applied rate is unavailable, the most favored nation rate is used instead. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of simple mean tariffs. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).