Flag China / Bermuda Flag

Exports FlagFlag  (2018): $107M, Rnk 165 / 206

Top Product FlagFlag (2018): $88.9M, Railway Cargo Containers

Exports FlagFlag (2018): $141k, Rnk 22 / 60

Top Product FlagFlag (2018): $56.5k, Hard Liquor

Economic Complexity of Flag (2018): ECI 0.89, Rnk 30 / 137

GDP Flag (2018): $13.6T, CURRENT US$
Rnk 2 / 196

GDP GROWTH Flag (2008-2018): 196%, CURRENT US$
Rnk 6 / 196

GDP PC Flag (2018): $9,771, CURRENT US$
Rnk 78 / 196

GDP PC GROWTH Flag (2008-2018): 182%, CURRENT US$
Rnk 3 / 196

China-Bermuda: In 2018, China exported $107M to Bermuda. The main products exported from China to Bermuda were Railway Cargo Containers ($88.9M), Insulating Glass ($2.69M), and Low-voltage Protection Equipment ($1.34M). During the last 23 years the exports of China to Bermuda have increased at an annualized rate of 20.3%, from $1.51M in 1995 to $107M in 2018.

Bermuda-China: In 2018, Bermuda exported $141k to China. The main products exported from Bermuda to China were Hard Liquor ($56.5k), Medical Instruments ($31.4k), and Electric Generating Sets ($12.9k). During the last 21 years the exports of Bermuda to China have increased at an annualized rate of 7.21%, from $28.4k in 1997 to $141k in 2018.

Comparison: In 2018, China ranked 30 in the Economic Complexity Index (ECI 0.89), and 1 in total exports ($2.59T). That same year, Bermuda ranked 172 in total exports ($199M), and does not have data regarding Economic Complexity Index. In terms of GDP Per Capita, China was ranked 78 with a GDP Per Capita of $9,771, while Bermuda has no data regarding GDP Per Capita in 2018.

Bilateral Trade by Products

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Depth
Value

In 2018, China exported $107M to Bermuda. The main products exported from China to Bermuda were Railway Cargo Containers ($88.9M), Insulating Glass ($2.69M), and Low-voltage Protection Equipment ($1.34M). During the last 23 years the exports of China to Bermuda have increased at an annualized rate of 20.3%, from $1.51M in 1995 to $107M in 2018.

In 2018, Bermuda exported $141k to China. The main products exported from Bermuda to China were Hard Liquor ($56.5k), Medical Instruments ($31.4k), and Electric Generating Sets ($12.9k). During the last 21 years the exports of Bermuda to China have increased at an annualized rate of 7.21%, from $28.4k in 1997 to $141k in 2018.

Market Competitiveness

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Measure

China
Top Destination
: United States, $499B

Bermuda
Top Destination
: Pakistan, $83.5M

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

In 2018, countries that imported more from China than Bermuda were United States ($499B), Hong Kong ($282B), and Japan ($155B).

In 2018, no countries were registered that imported more from Bermuda than from China.

Comparative Advantage China - Bermuda

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Depth

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

During 2018, China had a large net trade with Bermuda in the exports of Transportation ($89.7M), Machines ($5.06M), and Stone And Glass ($3.25M).

During 2018, Bermuda had a large net trade with China in the exports of Foodstuffs ($56.5k), Machines ($33k), and Instruments ($31.4k).

Tariff Section

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This sections shows import tariffs for products traded between China and Bermuda (using the HS6 product classification and the last year reported).

In 2018, the products from China that paid the highest import tariffs to enter Bermuda were Vermouth and other flavoured grape wines - pack < 2l (65%) and Vermouth and other flavoured grape wines - pack > 2l (65%).

In 2018, the products from Bermuda that paid the highest import tariffs to enter China were Other Vehicles Including Gas Turbine Powered (75%) and Motor vehicle chassis fitted with engine (75%).

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*The tariffs present between China and Bermuda are:
125: General duty rate
136: Most Favoured Nation duty rate treatement

Trade Forecasts

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This section shows a forecast for total trade between China and Bermuda. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

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Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more China has comparative advantage over Bermuda. Similarly, the more red a dot/product is, the more Bermuda has comparative advantage over China.