Bermuda's manufactures exports (% of merchandise exports) was 98.2% in 2025, the latest year in the World Bank's World Development Indicators. That is up 54.27 percentage points from 43.93% in 2015.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 98.2% | 2025 |
| Five years earlier | 83.02% | 2020 |
| Ten years earlier | 43.93% | 2015 |
| Highest | 98.2% | 2025 |
| Lowest | 0.00548% | 1994 |
| Average since 2016 | 64.13% | 2016–2025 |
| First recorded | 87.46% | 1971 |
What the numbers say
In 2025, Bermuda's manufactures exports (% of merchandise exports) rose 38.25 percentage points on 2024 (from 59.95% to 98.2%).
Across the 27 yearly changes before that (1972 to 2024), the average change was −0.66 percentage points and a typical year strayed about 18.52 percentage points from that (the standard deviation). This year's change was 2.1 standard deviations above that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 38.25 percentage points in 2025 and the biggest yearly fall was 51.51 percentage points in 2022. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 there is no clear straight-line trend: a straight line explains 11% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2025, Bermuda had the 1st highest value of the 103 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Bermuda | 98.2% | 2025 |
| World | 69.74% | 2025 |
| North America | 51.8% | 2025 |
| High income | 67.82% | 2025 |
Closest to Bermuda in the 2025 ranking
What this measures
Manufactures comprise commodities in SITC (Rev. 3) sections 5 (chemicals), 6 (basic manufactures), 7 (machinery and transport equipment), and 8 (miscellaneous manufactured goods), excluding division 68 (non-ferrous metals). This indicator is expressed as a percentage of merchandise exports which is comprised of goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e.
Limitations: Previous editions contained data based on the SITC revision 1. Data for earlier years in previous editions may differ because of the change in methodology. Concordance tables are available to convert data reported in one system to another.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 31 values
| Year | Manufactures exports (% of merchandise exports) |
|---|---|
| 2025 | 98.2 |
| 2024 | 59.95 |
| 2023 | 53.6 |
| 2022 | 29.76 |
| 2021 | 81.27 |
| 2020 | 83.02 |
| 2019 | 84.28 |
| 2018 | 75.23 |
| 2017 | 44.44 |
| 2016 | 31.57 |
| 2015 |
Manufactures exports (% of merchandise exports) in nearby economies
- Canada — 40.34% (2025)
- United States — 54.93% (2025)
More private sector & trade data for Bermuda
- Merchandise imports from high-income economies (% of total merchandise imports) — 96.63% (2023)
- Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) — 1.32% (2023)
- Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports) — 0.38% (2023)
- Merchandise imports by the reporting economy, residual (% of total merchandise imports) — 2.05% (2023)
- Merchandise imports by the reporting economy (current US$) — US$1.43 billion (2023)
- Merchandise exports to high-income economies (% of total merchandise exports) — 71.84% (2023)
- Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports)
Reading data like this
Questions people ask
- What is Bermuda's manufactures exports (% of merchandise exports)?
- 98.2% in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1971?
- It is up 10.74 percentage points from 87.46% in 1971. The highest value was 98.2% in 2025 and the lowest 0.00548% in 1994.
- How does Bermuda rank?
- 1st highest of 103 economies with data for 2025.
- Is the latest change in manufactures exports (% of merchandise exports) unusual for Bermuda?
- In 2025, Bermuda's manufactures exports (% of merchandise exports) rose 38.25 percentage points on 2024 (from 59.95% to 98.2%). Across the 27 yearly changes before that (1972 to 2024), the average change was −0.66 percentage points and a typical year strayed about 18.52 percentage points from that (the standard deviation). This year's change was 2.1 standard deviations above that average, so it was unusually large compared with the rest of the record.
Source
World Bank, World Development Indicators, indicator TX.VAL.MANF.ZS.UN, licensed CC BY 4.0. Original source: Comtrade database, United Nations (UN), publisher: UN Statistics Division; World Integrated Trade Solution system (WITS); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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