| December 2011 |
Total Exports To Bermuda
| Rank | Commodity | Total YTD Exports |
|---|---|---|
1 | Oil, not crude | $139,848,674 |
2 | Low value shipments | $82,484,035 |
3 | Landline, cellular phone equipment | $16,767,372 |
4 | Computers | $12,481,262 |
5 | Furniture, parts | $11,766,924 |
6 | Orthopedic appliances, artificial body parts | $9,099,086 |
7 | Bread, pastry, cakes | $8,117,219 |
8 | Poultry, fresh, chilled or frozen | $7,810,850 |
9 | Misc. fresh vegetables | $7,485,011 |
10 | Jewelry, parts | $7,373,431 |
Total Imports From Bermuda
| Rank | Commodity | Total YTD Imports |
|---|---|---|
1 | Imports of returned exports | $51,145,256 |
2 | Scrap of precious metal | $5,213,186 |
3 | Rum, gin, vodka, other liquors | $1,092,532 |
4 | Salvage | $608,690 |
5 | Orthopedic appliances, artificial body parts | $330,600 |
6 | Dishwashers and other cleaning machinery | $169,400 |
7 | Containers for transportation | $153,011 |
8 | Medical instruments for surgeons, dentists, vets | $150,108 |
9 | Copper waste and scrap | $116,018 |
10 | Electronic integrated circuits | $115,980 |
| December 2011 |
Top Bermuda Trading Partners
| Rank | District | Total YTD |
|---|---|---|
1 | New York City | $252,576,845 |
2 | Low Value Shipments | $83,092,725 |
3 | New Orleans | $81,383,940 |
4 | Philadelphia | $71,638,102 |
5 | Jacksonville/Tampa | $71,531,218 |
6 | Houston | $53,616,273 |
7 | Miami | $11,164,485 |
8 | U.S. Virgin Islands | $8,867,400 |
9 | Cleveland | $7,143,772 |
10 | Atlanta/Savannah | $3,054,825 |
Top US Trading Partners
| Rank | Country | Total YTD |
|---|---|---|
1 | CANADA | $597,274,944,549 |
2 | CHINA | $503,213,619,839 |
3 | MEXICO | $460,649,477,741 |
4 | JAPAN | $194,979,609,039 |
5 | GERMANY | $147,534,677,099 |
6 | UNITED KINGDOM | $107,139,897,120 |
7 | SOUTH KOREA | $100,140,537,899 |
8 | BRAZIL | $74,315,279,527 |
9 | FRANCE | $67,827,737,671 |
10 | TAIWAN | $67,226,178,764 |
Bermuda’s trade rose to $652,778,092 through December
Bermuda’s trade with the United States rose to $652,778,092 through the first 12 months of 2011, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s -0.98 percent below its total trade during the same time period last year. Bermuda’s exports decreased -6.90 percent while imports rose 167.00 percent. The U.S. surplus with Bermuda was $532,892,318.
Through December, Bermuda’s top U.S. Customs districts for total imports and exports were No. 1 New York City, No. 2 Low Value Shipments, No. 3 New Orleans, No. 4 Philadelphia and No. 5 Jacksonville/Tampa compared to last year when the top spots were held by No. 1 New York City, No. 2 Low Value Shipments, No. 3 Jacksonville/Tampa, No. 4 Philadelphia and No. 5 New Orleans. In the current time period, the top five accounted for 16.52 percent of Bermuda’s U.S. trade.. That compares to 17.68 percent for the nation’s top five Customs districts during the same time period.Taking a closer look at the leading U.S. gateways for U.S. trade with Bermuda,:
- Trade with No. 1 New York City rose 20.67 percent to $252,576,845.
Exports fell -0.64 percent to $201,606,040. Imports rose 694.50 percent to $50,970,805. - Trade with No. 2 Low Value Shipments rose 0.97 percent to $83,092,725.
Exports rose 0.75 percent to $82,484,035. Imports rose 43.45 percent to $608,690. - Trade with No. 3 New Orleans rose 31.34 percent to $81,383,940.
Exports rose 30.88 percent to $80,325,025. Imports rose 79.54 percent to $1,058,915. - Trade with No. 4 Philadelphia fell -9.82 percent to $71,638,102.
Exports fell -10.07 percent to $71,213,823. Imports rose 70.50 percent to $424,279. - Trade with No. 5 Jacksonville/tampa fell -11.43 percent to $71,531,218.
Exports fell -11.07 percent to $71,465,444. Imports fell -83.76 percent to $65,774.
Through December, 27 Customs districts posted trade surpluses with Bermuda while 6 had deficits. That compares with 30 surpluses and 6 deficits for the same period one year ago. The top surplus was with New York City at $150,635,235, the largest deficit was with Chicago at $-999,642.
Meanwhile, total U.S. trade with the world increased to $3,687,481,148,857, up 15.61 percent compared to the same period last year. The nation’s exports climbed 6.37 percent to $203,048,192,676; imports rose 9.24 percent to $294,837,399,059. The nation’s top five countries so far this year, by value, are Canada, China, Mexico, Japan and Germany. The overall trade deficit was $-726,376,899,731, up compared to the same period of last year when the deficit was $-634,587,693,348.
The top five U.S. exports to Bermuda by value through December were oil, not crude; low value shipments; landline, cellular phone equipment; computers; and furniture, parts, respectively. They accounted for 44.42 percent of total exports to Bermuda.
The value of the top five U.S. imports from Bermuda -- imports of returned exports; scrap of precious metal; rum, gin, vodka, other liquors; salvage; and orthopedic appliances, artificial body parts -- accounted for 97.41 percent of all inbound shipments.
Looking more closely at U.S. exports to Bermuda:
- Oil, not crude rose 21.23 percent compared to last year to $139,848,674.
- Low value shipments rose 0.75 percent compared to last year to $82,484,035.
- Landline, cellular phone equipment fell -15.52 percent compared to last year to $16,767,372.
- Computers fell -26.99 percent compared to last year to $12,481,262.
- Furniture, parts fell -22.19 percent compared to last year to $11,766,924.
Looking more closely at U.S. imports from Bermuda
- Imports of returned exports rose 360.91 percent compared to last year to $51,145,256.
- Scrap of precious metal rose 11,460.71 percent compared to last year to $5,213,186.
- Rum, gin, vodka, other liquors fell -9.31 percent compared to last year to $1,092,532.
- Salvage rose 43.45 percent compared to last year to $608,690.
- Orthopedic appliances, artificial body parts rose 2,650.42 percent compared to last year to $330,600.
In the latest annual figures available, Bermuda recorded $659,251,293 in trade with the United States. At year’s end, its top five Customs districts were New York City, Low Value Shipments, Jacksonville/Tampa, Philadelphia and New Orleans. Total U.S. exports to Bermuda were $636,800,398 and imports from Bermuda were $22,450,895. The U.S. surplus with Bermuda was $614,349,503.