Bermuda (BMU) and Russia (RUS) Trade | The Observatory of Economic Complexity

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Bermuda-Russia Trade: In 2021, Bermuda exported $34.3k to Russia. The main products that Bermuda exported to Russia were N/A. Over the past 5 years the exports of Bermuda to Russia have decreased at an annualized rate of 14.9%, from $77k in 2016 to $34.3k in 2021.

In 2021, Bermuda did not export any services to Russia.

Russia-Bermuda Trade: In 2021, Russia exported $4.15k to Bermuda. The main products that Russia exported to Bermuda were N/A. Over the past 5 years the exports of Russia to Bermuda have decreased at an annualized rate of 74.7%, from $4.04M in 2016 to $4.15k in 2021.

In 2020, Russia exported services to Bermuda worth $76M, with Other business services ($39.3M), Transportation ($17.6M), and Financial services ($17.4M) being the largest in terms of value.

Comparison In 2023, Bermuda ranked 179 in total exports ($254M), and does not have data regarding Economic Complexity Index. That same year, Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Bermuda exported $34.3k to Russia. There were not main exports from Bermuda to Russia in 2021. During the last 5 years the exports of Bermuda to Russia have decreased at an annualized rate of 14.9%, from $77k in 2016 to $34.3k in 2021.

In 2017, Russia exported $4.15k to Bermuda. There were not main exports from Russia to Bermuda in 2017. During the last 5 years the exports of Russia to Bermuda have decreased at an annualized rate of 74.7%, from $4.04M in 2022 to $4.15k in 2017.

Exports from Bermuda () to Russia () (2022)

Exports from Russia () to Bermuda () (2022)

Latest Data

Trade between Bermuda () and Russia ()

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bermuda
Top DestinationGermany$101M

Russia
Top DestinationChina$129B

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

In 2023, countries that imported more from Bermuda than Russia included Bahamas ($319k), Guyana ($198k), and Barbados ($21.8k).

In 2023, countries that imported more from Russia than Bermuda included China ($129B), India ($66.1B), and Turkey ($31B).

Difference in imports from Russia () and Bermuda () (2023)

Comparative Advantage Bermuda - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, Bermuda had a large net trade with Russia in the exports of .

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

Bilateral Service Trade

Rus Year

In 2020, Russia exported services to Bermuda worth $76M, with Other business services ($39.3M), Transportation ($17.6M), and Financial services ($17.4M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia () to Bermuda () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Bermuda () to Russia () (2022)

Exports from Russia () to Bermuda () (2022)

Latest Data

Trade between Bermuda () and Russia ()

Russia Exports

Market Competitiveness

Difference in imports from Russia () and Bermuda () (2023)

Comparative Advantage Bermuda - Russia

Bilateral Service Trade

Services Exports from Russia () to Bermuda () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Bermuda () and Russia () (2022)

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