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2022
Flag → Flag
Exports $896Rnk 69 / 89
2022
Flag → Flag
Top Product $292Electric Motors
2022
Flag → Flag
Exports $581kRnk 195 / 222
2022
Flag → Flag
Top Product $137kPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag  
GDP$7.55BCURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP GROWTH18.4%CURRENT US$
Rnk 124 / 186
2022
Flag
 GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC $118,846CURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP PC GROWTH20.7%CURRENT US$
Rnk 85 / 186
2022
Flag
GDP PC$49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186

About

Bermuda-Belgium Trade: In 2022, Bermuda exported $896 to Belgium. The main products that Bermuda exported to Belgium were Electric Motors ($292), Plastic Housewares ($267), and Non-Knit Women's Suits ($206). Over the past 5 years the exports of Bermuda to Belgium have decreased at an annualized rate of 49.1%, from $26.3k in 2017 to $896 in 2022.

In 2022, Bermuda did not export any services to Belgium.

Belgium-Bermuda Trade: In 2022, Belgium exported $581k to Bermuda. The main products that Belgium exported to Bermuda were Packaged Medicaments ($137k), Beer ($105k), and Seats ($104k). Over the past 5 years the exports of Belgium to Bermuda have decreased at an annualized rate of 2.91%,  from $673k in 2017 to $581k in 2022.

In 2022, Belgium did not export any services to Bermuda.

Comparison In 2022,  Bermuda ranked 199 in total exports ($68.1M), and does not have data regarding Economic Complexity Index. That same year, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bermuda exported $896 to Belgium. The main products exported from Bermuda to Belgium were Electric Motors ($292), Plastic Housewares ($267), and Non-Knit Women's Suits ($206). During the last 5 years the exports of Bermuda to Belgium have decreased at an annualized rate of 49.1%, from $26.3k in 2017 to $896 in 2022.

In 2017, Belgium exported $581k to Bermuda. The main products exported from Belgium to Bermuda were Packaged Medicaments ($137k), Beer ($105k), and Seats ($104k). During the last 5 years the exports of Belgium to Bermuda have decreased at an annualized rate of 2.91%, from $673k in 2022 to $581k in 2017.

Exports from Bermuda (Flag) to Belgium (Flag) (2022)

Exports from Belgium (Flag) to Bermuda (Flag) (2022)

Latest Data

Trade between Bermuda (Flag) and Belgium (Flag)

Bermuda Exports

Belgium Exports

Market Competitiveness

Color
Bermuda
Top DestinationZambia$17.5M
Belgium
Top DestinationGermany$91.9B

This map shows whether countries import more from Bermuda or Belgium. Each country is colored based on the difference in imports they receive from Bermuda and Belgium or the difference in the growth in imports.

In 2022, no countries were registered that imported more from Bermuda than from Belgium.

In 2022, countries that imported more from Belgium than Bermuda included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

Difference in imports from Belgium (Flag) and Bermuda (Flag) (2022)

Comparative Advantage Bermuda - Belgium

Flow
Scale

This chart compares trade between Bermuda and Belgium by product, considering products traded by both, Bermuda and Belgium.

During 2022, Bermuda had a large net trade with Belgium in the exports of Plastics and Rubbers ($365), Machines ($292), and Textiles ($206).

During 2017, Belgium had a large net trade with Bermuda in the exports of Chemical Products ($196k), Miscellaneous ($166k), and Foodstuffs ($133k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Bermuda and Belgium. This means that a dot/product with the flag of Bermuda indicates it has a comparative advantage over Belgium. Similarly, a dot/product with the flag of Belgium indicates it has a comparative advantage over Bermuda.

Product Space of Bermuda (Flag) and Belgium (Flag) (2022)

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