Bermuda: sanctions and trade risk

No elevated indicator

As of 7 November 2026, the screened UN, EU, UK, Swiss and US sanctions lists contain 2 companies, organisations, vessels and aircraft linked to Bermuda.Lists last checked 2026-11-07 21:01 UTC.

Logistics profile: ports, airports, customs, documents, holidays, news ↓

No elevated country indicator for Bermuda in the route rules Sanctioni uses. That is not a clearance: goods may still be export-controlled, and parties in Bermuda may still be on a list.

Check a shipment to Bermuda →

On the sanctions lists

2 entries on the official lists name Bermuda — as nationality, address, registration or flag. That links them to the country; it says nothing about other companies there. The same company can appear on several lists and is then counted once per list. Individuals are not included — Sanctioni does not process them.

List	Entries	Companies & organisations	Vessels	Aircraft
US OFAC — Specially Designated Nationals (SDN)	2	2	—	—

Latest changes

No new listings or removals naming Bermuda recorded yet.

All updates →

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Logistics profile

Bermuda: logistics and trade

Island import market / Offshore financial centre

Bermuda (ISO-Code: BM) is a British Overseas Territory in the North Atlantic, located about 1,000 km east of the US coast near North Carolina. The archipelago consists of approximately 138 islands connected by bridges and causeways. Politically, Bermuda is subject to the United Kingdom but has extensive self-government and its own parliament. The climate is subtropical, with mild winters and warm, humid summers, making the island an attractive location for tourism. Economically, Bermuda is particularly strong in the finance and insurance sector, while the local industry is limited. Foreign trade is heavily dependent on imports, especially for food, energy, and consumer goods. Due to its geographical location, Bermuda serves only limitedly as a transatlantic hub, primarily for air freight between North America and Europe. The national currency is the Bermudian Dollar (BMD), which is firmly pegged to the US Dollar, facilitating trade and transactions. Bermuda plays a significant role as an offshore financial center and offers logistical advantages for specialized supply chains through its stable infrastructure.

Capital: Hamilton
Population: 64,000
Area: 54 km²
Currency: Bermuda Dollar (BMD)
Continent: North America
Region: North America / UK Overseas Territory
Economic area: UK Overseas Territory (UKOT)
Religions: Christianity
Access to the sea: Yes

Transport modes Sea · Air

Current situation: Status 2026: stable supply by sea freight from the US East Coast (mainly the New York/New Jersey area) and air freight via BDA. Container handling concentrated in Hamilton.
Seasonal conditions: Subtropical; the Atlantic hurricane season from June to November can delay sea and air freight. North Atlantic winter storms are also possible.

Main seaports

Hamilton
Hamilton (BM BDA): Bermuda's main supply port in the North Atlantic. About 15,000 TEU/year, feeder from Port Elizabeth (NJ). Mostly inbound goods for the island.
Freeport
Freeport (BMFPT), Bermuda's former Royal Naval Dockyard, now serves cruise ships and bunkering; commercial cargo mainly moves through Hamilton.

Main cargo airports

L.F. Wade International AirportBDA
L.F. Wade (BDA), Bermuda: the island's only airport, belly cargo only (no freighters), A380-capable. Links to US East Coast, London, Toronto; bulk by sea.

Road corridors

Island road network with Hamilton as distribution hub (speed limit 35 km/h)

Main trade lanes

USA - Bermuda (sea and air)
United Kingdom - Bermuda
Canada - Bermuda

Customs and import

Customs authority Bermuda Customs Department (H.M. Customs), Ministry of FinanceOfficial website ↗

Import customs system: Import clearance by the Bermuda Customs Department. Tariff classification under the Harmonized System (HS) with GATT customs valuation rules. Import duty is the central levy and provides around 20 percent of government revenue.
Export customs system: Low own exports (mainly services). Goods exports and re-exports by sea and air freight with customs declaration at the Bermuda Customs Department.
Import VAT: No VAT or sales tax. The central levy is import duty; common rate around 25 percent, food usually 5 to 15 percent, medicines and books 0 percent. Additionally wharfage 1,25 percent.
Proofs of origin and trade agreements: No own free trade agreement; Bermuda is not part of the EU customs union and not a CARICOM member. Proofs of origin play little role due to the lack of preferential arrangements.
Restricted and prohibited goods: Restrictions include weapons, ammunition and drugs, as well as plants, animals and certain foods (quarantine/biosecurity). Some goods require an import permit.

Typical import documents

Commercial invoice
Bermuda Customs Import Declaration
Bill of Lading / Air Waybill
Packing list
if applicable: import permit

Typical export documents

Commercial invoice
Bill of Lading / Air Waybill
Packing list
if applicable: proof of origin

Logistics conditions

Customs complexity: Medium
Customs delays: Medium
Port congestion: Low to medium
Dangerous goods relevance: Medium
Pharma and cold chain relevance: Medium
E-commerce relevance: High

Trade

Top import partners

United States United Kingdom Canada China Netherlands

Top export partners

United States United Kingdom Canada Netherlands Germany

Top import goods

Food
Consumer goods
Petroleum products
Vehicles
Machinery

Top export goods

Services
Pharmaceuticals
Chemicals

Typical cargo

Food
Consumer goods
Building materials
Vehicles
Petroleum products

Logistics questions

Which authority is responsible for customs in Bermuda?

The responsible body is the Bermuda Customs Department (H.M. Customs) in the Ministry of Finance, headquartered in Hamilton. It collects import duty, which accounts for around 20 percent of government revenue, and enforces import and export bans.

Does Bermuda have a value added tax (VAT)?

No. Bermuda has neither VAT nor sales tax. The central import levy is customs duty. A common rate is around 25 percent, many foods 5 to 15 percent, medicines and books 0 percent.

How is customs duty calculated?

Bermuda classifies goods under the Harmonized System (HS) and values them under the GATT customs valuation rules. Most goods imported by sea or air freight are also subject to a wharfage fee of 1,25 percent.

Which ports and airports are important for freight?

Sea cargo handling takes place almost entirely through Hamilton, the island's only container port. St. George's / Freeport handles general cargo and yachts, and the Royal Naval Dockyard mainly serves cruise traffic. Air cargo runs through L.F. Wade International Airport (BDA).

Does Bermuda benefit from free trade agreements?

No. Bermuda has no free trade agreement of its own, is not part of the EU customs union and is not a CARICOM member. Preferential proofs of origin therefore play little role.

Which logistics risks should be considered?

Bermuda is heavily dependent on imports and oriented toward the US East Coast, with limited port and container capacity in Hamilton. The hurricane season from June to November can delay sea and air freight.

Full logistics profile on Freight Academy ↗