2023
Flag  
GDP
$8.14BCURRENT US$
Rnk 153 / 195
2013-2023
Flag
GDP GROWTH
25.9%CURRENT US$
Rnk 123 / 195
2023
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 GDP
$381BCURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP GROWTH
-5.04%CURRENT US$
Rnk 177 / 195
2023
Flag
GDP PC 
$125,842CURRENT US$
Rnk 3 / 195
2013-2023
Flag
GDP PC GROWTH
23.7%CURRENT US$
Rnk 91 / 195
2023
Flag
GDP PC
$6,023CURRENT US$
Rnk 113 / 196
2013-2023
Flag
GDP PC GROWTH
-17.9%CURRENT US$
Rnk 178 / 195

About

Bermuda-South Africa Trade: In 2023, Bermuda exported $96.3M to South Africa. The main products that Bermuda exported to South Africa were Crude Petroleum ($94M), Railway Cargo Containers ($2.29M), and Motor vehicles; parts and accessories (8701 to 8705) ($2.78k). Over the past 5 years the exports of Bermuda to South Africa have increased at an annualized rate of 391%, from $33.8k in 2018 to $96.3M in 2023.

In 2023, Bermuda did not export any services to South Africa.

South Africa-Bermuda Trade: In 2023, South Africa exported $258k to Bermuda. The main products that South Africa exported to Bermuda were Fish Fillets ($89.4k), Wine ($61.1k), and Refined Petroleum ($23.8k). Over the past 5 years the exports of South Africa to Bermuda have decreased at an annualized rate of 32.7%,  from $1.87M in 2018 to $258k in 2023.

In 2023, South Africa 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 Africa ranked 59 in the Economic Complexity Index (ECI 0.07), and 34 in total exports ($154B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bermuda exported $96.3M to South Africa. The main products exported from Bermuda to South Africa were Crude Petroleum ($94M), Railway Cargo Containers ($2.29M), and Motor vehicles; parts and accessories (8701 to 8705) ($2.78k). During the last 5 years the exports of Bermuda to South Africa have increased at an annualized rate of 391%, from $33.8k in 2018 to $96.3M in 2023.

In 2018, South Africa exported $258k to Bermuda. The main products exported from South Africa to Bermuda were Fish Fillets ($89.4k), Wine ($61.1k), and Refined Petroleum ($23.8k). During the last 5 years the exports of South Africa to Bermuda have decreased at an annualized rate of 32.7%, from $1.87M in 2023 to $258k in 2018.

Exports from Bermuda (Flag) to South Africa (Flag) (2023)

Exports from South Africa (Flag) to Bermuda (Flag) (2023)

Latest Data

Trade between Bermuda (Flag) and South Africa (Flag)

South Africa Exports

Market Competitiveness

Color
Bermuda
Top Destination
Germany$101M
South Africa
Top Destination
China$29.5B

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

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

In 2023, countries that imported more from South Africa than Bermuda included China ($29.5B), United States ($13B), and India ($10.8B).

Difference in imports from South Africa (Flag) and Bermuda (Flag) (2023)

Comparative Advantage Bermuda - South Africa

Flow
Scale

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

During 2023, Bermuda had a large net trade with South Africa in the exports of Mineral Products ($94M), Transportation ($2.29M), and Machines ($519).

During 2018, South Africa had a large net trade with Bermuda in the exports of Foodstuffs ($115k), Animal Products ($92.4k), and Mineral Products ($23.8k).

Economic Complexity

Competitive Landscape

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

Product Space of Bermuda (Flag) and South Africa (Flag) (2023)

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