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2022
Flag → Flag
Exports $388kRnk 15 / 89
2022
Flag → Flag
Top Product $211kMicrophones and Headphones
2022
Flag → Flag
Exports $432kRnk 144 / 187
2022
Flag → Flag
Top Product $251kChemical Analysis Instruments
2022
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 133
2022
Flag  
GDP$7.55BCURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP GROWTH18.4%CURRENT US$
Rnk 124 / 186
2022
Flag
 GDP$522BCURRENT US$
Rnk 27 / 186
2012-2022
Flag
GDP GROWTH99%CURRENT US$
Rnk 14 / 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$54,660CURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP PC GROWTH64.9%CURRENT US$
Rnk 21 / 186

About

Bermuda-Israel Trade: In 2022, Bermuda exported $388k to Israel. The main products that Bermuda exported to Israel were Microphones and Headphones ($211k), Other Electrical Machinery ($158k), and Electric Musical Instruments ($9k). Over the past 5 years the exports of Bermuda to Israel have decreased at an annualized rate of 3.84%, from $472k in 2017 to $388k in 2022.

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

Israel-Bermuda Trade: In 2022, Israel exported $432k to Bermuda. The main products that Israel exported to Bermuda were Chemical Analysis Instruments ($251k), Medical Instruments ($91k), and Packaged Medicaments ($24.2k). Over the past 5 years the exports of Israel to Bermuda have decreased at an annualized rate of 1.74%,  from $472k in 2017 to $432k in 2022.

In 2007, Israel exported services to Bermuda worth $0, with being the largest in terms of value.

Comparison In 2022,  Bermuda ranked 199 in total exports ($68.1M), and does not have data regarding Economic Complexity Index. That same year, Israel ranked 20 in the Economic Complexity Index (ECI 1.23), and 49 in total exports ($76.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bermuda exported $388k to Israel. The main products exported from Bermuda to Israel were Microphones and Headphones ($211k), Other Electrical Machinery ($158k), and Electric Musical Instruments ($9k). During the last 5 years the exports of Bermuda to Israel have decreased at an annualized rate of 3.84%, from $472k in 2017 to $388k in 2022.

In 2017, Israel exported $432k to Bermuda. The main products exported from Israel to Bermuda were Chemical Analysis Instruments ($251k), Medical Instruments ($91k), and Packaged Medicaments ($24.2k). During the last 5 years the exports of Israel to Bermuda have decreased at an annualized rate of 1.74%, from $472k in 2022 to $432k in 2017.

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

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

Market Competitiveness

Color
Bermuda
Top DestinationZambia$17.5M
Israel
Top DestinationUnited States$20.3B

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

In 2022, countries that imported more from Bermuda than Israel included Zambia ($17.5M).

In 2022, countries that imported more from Israel than Bermuda included United States ($20.3B), China ($5.53B), and Palestine ($4.6B).

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

Comparative Advantage Bermuda - Israel

Flow
Scale

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

During 2022, Bermuda had a large net trade with Israel in the exports of Machines ($378k), Instruments ($9k), and Miscellaneous ($1k).

During 2017, Israel had a large net trade with Bermuda in the exports of Instruments ($356k), Machines ($27.3k), and Chemical Products ($24.8k).

Economic Complexity

Competitive Landscape

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

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

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