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2023
Flag → Flag
Exports $1.17kRnk 69 / 90
2023
Flag → Flag
Top Product $424Computers
2023
Flag → Flag
Exports $26.8kRnk 184 / 201
2023
Flag → Flag
Top Product $25.5kOther Furniture
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag  
GDP$8.14BCURRENT US$
Rnk 153 / 195
2013-2023
Flag
GDP GROWTH25.9%CURRENT US$
Rnk 123 / 195
2023
Flag
 GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 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$3,805CURRENT US$
Rnk 133 / 196
2013-2023
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 65 / 195

About

Bermuda-Philippines Trade: In 2023, Bermuda exported $1.17k to Philippines. The main products that Bermuda exported to Philippines were Computers ($424), Textile Footwear ($329), and Precious Metal Watches ($238). Over the past 6 years the exports of Bermuda to Philippines have increased at an annualized rate of 3.54%, from $949 in 2017 to $1.17k in 2023.

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

Philippines-Bermuda Trade: In 2023, Philippines exported $26.8k to Bermuda. The main products that Philippines exported to Bermuda were Other Furniture ($25.5k) and Non-Knit Women's Suits ($1.25k). Over the past 6 years the exports of Philippines to Bermuda have decreased at an annualized rate of 30.4%,  from $164k in 2017 to $26.8k in 2023.

In 2023, Philippines 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, Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bermuda exported $1.17k to Philippines. The main products exported from Bermuda to Philippines were Computers ($424), Textile Footwear ($329), and Precious Metal Watches ($238). During the last 6 years the exports of Bermuda to Philippines have increased at an annualized rate of 3.54%, from $949 in 2017 to $1.17k in 2023.

In 2018, Philippines exported $26.8k to Bermuda. The main products exported from Philippines to Bermuda were Other Furniture ($25.5k) and Non-Knit Women's Suits ($1.25k). During the last 5 years the exports of Philippines to Bermuda have decreased at an annualized rate of 30.4%, from $164k in 2023 to $26.8k in 2018.

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

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

Latest Data

Trade between Bermuda (Flag) and Philippines (Flag)

Philippines Exports

Market Competitiveness

Color
Bermuda
Top DestinationGermany$101M
Philippines
Top DestinationChina$19B

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

In 2023, countries that imported more from Bermuda than Philippines included Angola ($4.49M), Zambia ($1.45M), and Mauritania ($182k).

In 2023, countries that imported more from Philippines than Bermuda included China ($19B), United States ($13.3B), and Hong Kong ($11.7B).

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

Comparative Advantage Bermuda - Philippines

Flow
Scale

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

During 2023, Bermuda had a large net trade with Philippines in the exports of Machines ($424), Footwear and Headwear ($329), and Instruments ($238).

During 2018, Philippines had a large net trade with Bermuda in the exports of Miscellaneous ($25.5k) and Textiles ($1.25k).

Economic Complexity

Competitive Landscape

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

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

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