2022
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GDP
$7.55BCURRENT US$
Rnk 149 / 186
2012-2022
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GDP GROWTH
18.4%CURRENT US$
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2022
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 GDP
$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
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GDP GROWTH
1.45%CURRENT US$
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2022
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GDP PC 
$118,846CURRENT US$
Rnk 2 / 186
2012-2022
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GDP PC GROWTH
20.7%CURRENT US$
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2022
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GDP PC
$15,345CURRENT US$
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2012-2022
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GDP PC GROWTH
-0.49%CURRENT US$
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About

Bermuda-Russia Trade: In 2021, Bermuda exported $33.1k 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 15.2%, from $75.6k in 2016 to $33.1k in 2021.

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

Russia-Bermuda Trade: In 2021, Russia exported $4.14k to Bermuda. The main products that Russia exported to Bermuda were Broadcasting Equipment ($3.45k), Self-adhesive Plastics ($219), and Safety Glass ($164). Over the past 5 years the exports of Russia to Bermuda have decreased at an annualized rate of 74.8%,  from $4.04M in 2016 to $4.14k 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 2022,  Bermuda ranked 199 in total exports ($68.1M), and does not have data regarding Economic Complexity Index. That same year, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Bermuda exported $33.1k 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 15.2%, from $75.6k in 2016 to $33.1k in 2021.

In 2017, Russia exported $4.14k to Bermuda. The main products exported from Russia to Bermuda were Broadcasting Equipment ($3.45k), Self-adhesive Plastics ($219), and Safety Glass ($164). During the last 5 years the exports of Russia to Bermuda have decreased at an annualized rate of 74.8%, from $4.04M in 2022 to $4.14k in 2017.

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

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

Latest Data

Trade between Bermuda (Flag) and Russia (Flag)

Russia Exports

Market Competitiveness

Color
Bermuda
Top Destination
Zambia$17.5M
Russia
Top Destination
China$101B

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 2022, countries that imported more from Bermuda than Russia included Zambia ($17.5M), Bahamas ($133k), and Grenada ($1.42k).

In 2022, countries that imported more from Russia than Bermuda included China ($101B), India ($40.4B), and Germany ($27.7B).

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

Comparative Advantage Bermuda - Russia

Flow
Scale

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 Machines ($3.59k), Plastics and Rubbers ($219), and Textiles ($166).

Bilateral Service Trade

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 (Flag) to Bermuda (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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.

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

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