Editing Economy of Bermuda (section)

==Foreign trade==
Bermuda has little in the way of exports or manufacturing, and almost all manufactured goods and foodstuffs must be imported. The value of imports continues to rise, up from US$551m in 1994 to US$712m in 1999. The U.S. is Bermuda's primary trading partner; from a value of US$400m in 1994, U.S. imports expanded to US$533m in 2000. The United Kingdom, Canada, Seychelles and the Caribbean countries (mainly the Netherlands Antilles) also are important trading partners. Exports from Bermuda, including imports into the small [[free port]], which are subsequently re-exported, increased from US$35m in 1993 to almost US$51m in 1999.

Duty on imports is a major source of revenue for the Government of Bermuda. In fiscal year 1998–99, the government obtained slightly more than $166 million, or about 30% of its revenue base from imports. Heavy importation duties are reflected in retail prices. Although Bermuda imposes no income, sales, or profit taxes, it does levy a real estate tax and a payroll tax.