Tariff rate, applied, weighted mean, all products in Bermuda
Bermuda: Tariff rate, applied, weighted mean, all products was 29.5% in 2022. ◆ Volatile
Tariff rate, applied, weighted mean, all products in Bermuda, 2007–2022
Source: Staff estimates. Measured in %.
Analysis
The most recent figure for tariff rate, applied, weighted mean, all products in Bermuda is 29.5%, measured in 2022.
That represents a change of up 23.8% on the previous year and up 69.3% over ten years.
Over the whole period, tariff rate, applied, weighted mean, all products in Bermuda peaked at 103.2% in 2019 and was at its lowest, 15.3%, in 2014.
That places Bermuda 1st 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 | 18.8% | 18.7% | 19.0% | 3 |
| 2010s | 27.5% | 15.3% | 103.2% | 10 |
| 2020s | 25.8% | 23.8% | 29.5% | 3 |
Countries ranked near Bermuda
- 2 Solomon Islands 20.7% compare
- 3 Congo 18.2% compare
- 3 Equatorial Guinea 18.2% compare
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, weighted mean, all products in Bermuda?
- Tariff rate, applied, weighted mean, all products in Bermuda was 29.5% in 2022, according to Staff estimates.
- What is the highest tariff rate, applied, weighted mean, all products recorded in Bermuda?
- The highest recorded value was 103.2% in 2019.
- What is the lowest tariff rate, applied, weighted mean, all products recorded in Bermuda?
- The lowest recorded value was 15.3% in 2014.
- How does Bermuda rank for tariff rate, applied, weighted mean, all products?
- Bermuda ranks 1st out of 184 countries with data for 2022.
- Is tariff rate, applied, weighted mean, all products rising or falling in Bermuda?
- Over the last ten years it is up 69.3%. 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, weighted mean, all products (%). Statizoid updates them automatically from the source API.
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About this data
Weighted mean applied tariff is the average of effectively applied rates weighted by the product import shares corresponding to each partner country. 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 and import weights. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of weighted mean tariffs. Import weights were calculated using the United Nations Statistics Division's Commodity Trade (Comtrade) database. 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.