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2023
Flag → Flag
Exports $268Rnk 78 / 90
2023
Flag → Flag
Top Product $231Electric Motors
2023
Flag → Flag
Exports $211kRnk 156 / 183
2023
Flag → Flag
Top Product $72.5kTrunks and Cases
2023
Flag
Economic Complexity (ECI) ECI 0.23Rnk 51 / 132
2023
Flag  
GDP$8.14BCURRENT US$
Rnk 153 / 195
2013-2023
Flag
GDP GROWTH25.9%CURRENT US$
Rnk 123 / 195
2023
Flag
 GDP$363BCURRENT US$
Rnk 42 / 195
2013-2023
Flag
GDP GROWTH-4.87%CURRENT US$
Rnk 176 / 195
2023
Flag
GDP PC $125,842CURRENT US$
Rnk 3 / 195
2013-2023
Flag
GDP PC GROWTH23.7%CURRENT US$
Rnk 91 / 195
2023
Flag
GDP PC$6,947CURRENT US$
Rnk 104 / 196
2013-2023
Flag
GDP PC GROWTH-16.1%CURRENT US$
Rnk 173 / 195

About

Bermuda-Colombia Trade: In 2023, Bermuda exported $268 to Colombia. The main products that Bermuda exported to Colombia were Electric Motors ($231) and Transmissions ($37). Over the past 6 years the exports of Bermuda to Colombia have decreased at an annualized rate of 25.3%, from $1.54k in 2017 to $268 in 2023.

In 2023, Bermuda did not export any services to Colombia.

Colombia-Bermuda Trade: In 2023, Colombia exported $211k to Bermuda. The main products that Colombia exported to Bermuda were Trunks and Cases ($72.5k), Aluminium Structures ($52k), and Plastic Pipes ($43.6k). Over the past 6 years the exports of Colombia to Bermuda have decreased at an annualized rate of 8.72%,  from $364k in 2017 to $211k in 2023.

In 2023, Colombia did not export any services to Bermuda.

Comparison In 2023,  Bermuda ranked 179 in total exports ($254M), and does not have data regarding Economic Complexity Index. That same year, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bermuda exported $268 to Colombia. The main products exported from Bermuda to Colombia were Electric Motors ($231) and Transmissions ($37). During the last 6 years the exports of Bermuda to Colombia have decreased at an annualized rate of 25.3%, from $1.54k in 2017 to $268 in 2023.

In 2018, Colombia exported $211k to Bermuda. The main products exported from Colombia to Bermuda were Trunks and Cases ($72.5k), Aluminium Structures ($52k), and Plastic Pipes ($43.6k). During the last 5 years the exports of Colombia to Bermuda have decreased at an annualized rate of 8.72%, from $364k in 2023 to $211k in 2018.

Exports from Bermuda (Flag) to Colombia (Flag) (2023)

Exports from Colombia (Flag) to Bermuda (Flag) (2023)

Latest Data

Trade between Bermuda (Flag) and Colombia (Flag)

Colombia Exports

Market Competitiveness

Color
Bermuda
Top DestinationGermany$101M
Colombia
Top DestinationUnited States$14.8B

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

In 2023, countries that imported more from Bermuda than Colombia included South Africa ($96.3M), Angola ($4.49M), and Zambia ($1.45M).

In 2023, countries that imported more from Colombia than Bermuda included United States ($14.8B), Panama ($4.66B), and India ($2.51B).

Difference in imports from Colombia (Flag) and Bermuda (Flag) (2023)

Comparative Advantage Bermuda - Colombia

Flow
Scale

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

During 2023, Bermuda had a large net trade with Colombia in the exports of Machines ($268).

During 2018, Colombia had a large net trade with Bermuda in the exports of Animal Hides ($73.2k), Metals ($52k), and Plastics and Rubbers ($43.6k).

Economic Complexity

Competitive Landscape

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

Product Space of Bermuda (Flag) and Colombia (Flag) (2023)

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