Bermuda (BMU) and Turkey (TUR) Trade | The Observatory of Economic Complexity

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Bermuda-Turkey Trade: In 2022, Bermuda exported $6.8k to Turkey. The main products that Bermuda exported to Turkey were Railway Cargo Containers ($4.99k), Plastic Building Materials ($516), and Hard Liquor ($515). Over the past 5 years the exports of Bermuda to Turkey have decreased at an annualized rate of 22.1%, from $23.8k in 2017 to $6.8k in 2022.

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

Turkey-Bermuda Trade: In 2022, Turkey exported $1.64M to Bermuda. The main products that Turkey exported to Bermuda were Cars ($884k), Building Stone ($171k), and Bricks ($139k). Over the past 5 years the exports of Turkey to Bermuda have increased at an annualized rate of 2.33%, from $1.34M in 2017 to $1.64M in 2022.

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

Comparison In 2022, Bermuda ranked 199 in total exports ($68.1M), and does not have data regarding Economic Complexity Index. That same year, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bermuda exported $6.8k to Turkey. The main products exported from Bermuda to Turkey were Railway Cargo Containers ($4.99k), Plastic Building Materials ($516), and Hard Liquor ($515). During the last 5 years the exports of Bermuda to Turkey have decreased at an annualized rate of 22.1%, from $23.8k in 2017 to $6.8k in 2022.

In 2017, Turkey exported $1.64M to Bermuda. The main products exported from Turkey to Bermuda were Cars ($884k), Building Stone ($171k), and Bricks ($139k). During the last 5 years the exports of Turkey to Bermuda have increased at an annualized rate of 2.33%, from $1.34M in 2022 to $1.64M in 2017.

Exports from Bermuda () to Turkey () (2022)

Exports from Turkey () to Bermuda () (2022)

Latest Data

Trade between Bermuda () and Turkey ()

Turkey Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bermuda
Top DestinationZambia$17.5M

Turkey
Top DestinationGermany$21.9B

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

In 2022, no countries were registered that imported more from Bermuda than from Turkey.

In 2022, countries that imported more from Turkey than Bermuda included Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

Difference in imports from Turkey () and Bermuda () (2022)

Comparative Advantage Bermuda - Turkey

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bermuda had a large net trade with Turkey in the exports of Transportation ($4.99k), Machines ($662), and Plastics and Rubbers ($516).

During 2017, Turkey had a large net trade with Bermuda in the exports of Transportation ($885k), Stone And Glass ($319k), and Textiles ($140k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Bermuda () to Turkey () (2022)

Exports from Turkey () to Bermuda () (2022)

Latest Data

Trade between Bermuda () and Turkey ()

Turkey Exports

Market Competitiveness

Difference in imports from Turkey () and Bermuda () (2022)

Comparative Advantage Bermuda - Turkey

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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