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2022
Flag → Flag
Exports $609kRnk 14 / 89
2022
Flag → Flag
Top Product $398kHard Liquor
2022
Flag → Flag
Exports $18.5MRnk 169 / 223
2022
Flag → Flag
Top Product $3.84MPassenger and Cargo Ships
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 5 / 133
2022
Flag  
GDP$7.55BCURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP GROWTH18.4%CURRENT US$
Rnk 124 / 186
2022
Flag
 GDP$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP GROWTH15.5%CURRENT US$
Rnk 136 / 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$48,432CURRENT US$
Rnk 21 / 186
2012-2022
Flag
GDP PC GROWTH10.4%CURRENT US$
Rnk 115 / 186

About

Bermuda-Germany Trade: In 2022, Bermuda exported $609k to Germany. The main products that Bermuda exported to Germany were Hard Liquor ($398k), Transmissions ($49.2k), and Rubber Belting ($48.8k). Over the past 5 years the exports of Bermuda to Germany have decreased at an annualized rate of 40.1%, from $7.9M in 2017 to $609k in 2022.

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

Germany-Bermuda Trade: In 2022, Germany exported $18.5M to Bermuda. The main products that Germany exported to Bermuda were Passenger and Cargo Ships ($3.84M), Engine Parts ($2.96M), and Cars ($2.02M). Over the past 5 years the exports of Germany to Bermuda have decreased at an annualized rate of 4.14%,  from $22.8M in 2017 to $18.5M in 2022.

In 2022, Germany 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, Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bermuda exported $609k to Germany. The main products exported from Bermuda to Germany were Hard Liquor ($398k), Transmissions ($49.2k), and Rubber Belting ($48.8k). During the last 5 years the exports of Bermuda to Germany have decreased at an annualized rate of 40.1%, from $7.9M in 2017 to $609k in 2022.

In 2017, Germany exported $18.5M to Bermuda. The main products exported from Germany to Bermuda were Passenger and Cargo Ships ($3.84M), Engine Parts ($2.96M), and Cars ($2.02M). During the last 5 years the exports of Germany to Bermuda have decreased at an annualized rate of 4.14%, from $22.8M in 2022 to $18.5M in 2017.

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

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

Latest Data

Trade between Bermuda (Flag) and Germany (Flag)

Bermuda Exports

Germany Exports

Market Competitiveness

Color
Bermuda
Top DestinationZambia$17.5M
Germany
Top DestinationUnited States$153B

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

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

In 2022, countries that imported more from Germany than Bermuda included United States ($153B), France ($120B), and China ($109B).

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

Comparative Advantage Bermuda - Germany

Flow
Scale

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

During 2022, Bermuda had a large net trade with Germany in the exports of Foodstuffs ($398k), Machines ($92.9k), and Plastics and Rubbers ($48.9k).

During 2017, Germany had a large net trade with Bermuda in the exports of Machines ($7.73M), Transportation ($7.01M), and Instruments ($687k).

Economic Complexity

Competitive Landscape

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

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

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