2023
Flag  
GDP
$8.14BCURRENT US$
Rnk 153 / 195
2013-2023
Flag
GDP GROWTH
25.9%CURRENT US$
Rnk 123 / 195
2023
Flag
 GDP
$551BCURRENT US$
Rnk 25 / 195
2013-2023
Flag
GDP GROWTH
127%CURRENT US$
Rnk 7 / 195
2023
Flag
GDP PC 
$125,842CURRENT US$
Rnk 3 / 195
2013-2023
Flag
GDP PC GROWTH
23.7%CURRENT US$
Rnk 91 / 195
2023
Flag
GDP PC
$103,888CURRENT US$
Rnk 4 / 196
2013-2023
Flag
GDP PC GROWTH
97.4%CURRENT US$
Rnk 9 / 195

About

Bermuda-Ireland Trade: In 2023, Bermuda exported $8.33k to Ireland. The main products that Bermuda exported to Ireland were Computers ($2.76k), Hard Liquor ($923), and Jewellery ($747). Over the past 5 years the exports of Bermuda to Ireland have decreased at an annualized rate of 81.9%, from $42.7M in 2018 to $8.33k in 2023.

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

Ireland-Bermuda Trade: In 2023, Ireland exported $2.41M to Bermuda. The main products that Ireland exported to Bermuda were Vaccines, blood, antisera, toxins and cultures ($1.55M), Butter ($215k), and Sausages ($188k). Over the past 5 years the exports of Ireland to Bermuda have increased at an annualized rate of 14.2%,  from $1.24M in 2018 to $2.41M in 2023.

In 2023, Ireland 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, Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bermuda exported $8.33k to Ireland. The main products exported from Bermuda to Ireland were Computers ($2.76k), Hard Liquor ($923), and Jewellery ($747). During the last 5 years the exports of Bermuda to Ireland have decreased at an annualized rate of 81.9%, from $42.7M in 2018 to $8.33k in 2023.

In 2018, Ireland exported $2.41M to Bermuda. The main products exported from Ireland to Bermuda were Vaccines, blood, antisera, toxins and cultures ($1.55M), Butter ($215k), and Sausages ($188k). During the last 5 years the exports of Ireland to Bermuda have increased at an annualized rate of 14.2%, from $1.24M in 2023 to $2.41M in 2018.

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

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

Latest Data

Trade between Bermuda (Flag) and Ireland (Flag)

Bermuda Exports

Ireland Exports

Market Competitiveness

Color
Bermuda
Top Destination
Germany$101M
Ireland
Top Destination
United States$67.4B

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

In 2023, no countries were registered that imported more from Bermuda than from Ireland.

In 2023, countries that imported more from Ireland than Bermuda included United States ($67.4B), Germany ($26.7B), and United Kingdom ($20.5B).

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

Comparative Advantage Bermuda - Ireland

Flow
Scale

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

During 2023, Bermuda had a large net trade with Ireland in the exports of Machines ($3.08k), Foodstuffs ($1.04k), and Textiles ($1.01k).

During 2018, Ireland had a large net trade with Bermuda in the exports of Chemical Products ($1.66M), Foodstuffs ($414k), and Animal Products ($215k).

Economic Complexity

Competitive Landscape

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

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

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