Bermuda (BMU) and South Korea (KOR) Trade | The Observatory of Economic Complexity

About

Bermuda-South Korea Trade: In 2022, Bermuda exported $4.9k to South Korea. The main products that Bermuda exported to South Korea were N/A. Over the past 5 years the exports of Bermuda to South Korea have increased at an annualized rate of 3.18%, from $4.19k in 2017 to $4.9k in 2022.

In 2022, Bermuda did not export any services to South Korea.

South Korea-Bermuda Trade: In 2022, South Korea exported $301M to Bermuda. The main products that South Korea exported to Bermuda were N/A. Over the past 5 years the exports of South Korea to Bermuda have decreased at an annualized rate of 18.8%, from $851M in 2017 to $301M in 2022.

In 2022, South Korea 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bermuda exported $4.9k to South Korea. There were not main exports from Bermuda to South Korea in 2022. During the last 5 years the exports of Bermuda to South Korea have increased at an annualized rate of 3.18%, from $4.19k in 2017 to $4.9k in 2022.

In 2017, South Korea exported $301M to Bermuda. There were not main exports from South Korea to Bermuda in 2017. During the last 5 years the exports of South Korea to Bermuda have decreased at an annualized rate of 18.8%, from $851M in 2022 to $301M in 2017.

Exports from Bermuda () to South Korea () (2022)

Exports from South Korea () to Bermuda () (2022)

Latest Data

Trade between Bermuda () and South Korea ()

Bermuda Exports

Date

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bermuda
Top DestinationGermany$101M

South Korea
Top DestinationChina$162B

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

In 2023, countries that imported more from Bermuda than South Korea included Montserrat ($12.7k).

In 2023, countries that imported more from South Korea than Bermuda included China ($162B), United States ($118B), and Hong Kong ($28.8B).

Difference in imports from South Korea () and Bermuda () (2023)

Comparative Advantage Bermuda - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bermuda had a large net trade with South Korea in the exports of .

During 2017, South Korea had a large net trade with Bermuda in the exports of .

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Bermuda () to South Korea () (2022)

Exports from South Korea () to Bermuda () (2022)

Latest Data

Trade between Bermuda () and South Korea ()

Bermuda Exports

South Korea Exports

Market Competitiveness

Difference in imports from South Korea () and Bermuda () (2023)

Comparative Advantage Bermuda - South Korea

Economic Complexity

Competitive Landscape

Product Space of Bermuda () and South Korea () (2022)

Keep Exploring