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Pricing

2022
Flag → Flag
Exports $18.5MRnk 169 / 223
2022
Flag → Flag
Top Product $3.84MPassenger and Cargo Ships
2022
Flag → Flag
Exports $609kRnk 14 / 89
2022
Flag → Flag
Top Product $398kHard Liquor
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 5 / 133
2022
Flag  
GDP$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP GROWTH15.5%CURRENT US$
Rnk 136 / 186
2022
Flag
 GDP$7.55BCURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP GROWTH18.4%CURRENT US$
Rnk 124 / 186
2022
Flag
GDP PC $48,432CURRENT US$
Rnk 21 / 186
2012-2022
Flag
GDP PC GROWTH10.4%CURRENT US$
Rnk 115 / 186
2022
Flag
GDP PC$118,846CURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP PC GROWTH20.7%CURRENT US$
Rnk 85 / 186

About

Germany-Bermuda Trade: In 2022, Germany exported $18.5M to Bermuda. The main products that Germany exported to Bermuda were Passenger and Cargo Ships ($3.84M), Engine Parts ($2.96M), and Cars ($2.02M). Over the past 5 years the exports of Germany to Bermuda have decreased at an annualized rate of 4.14%, from $22.8M in 2017 to $18.5M in 2022.

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

Bermuda-Germany Trade: In 2022, Bermuda exported $609k to Germany. The main products that Bermuda exported to Germany were Hard Liquor ($398k), Transmissions ($49.2k), and Rubber Belting ($48.8k). Over the past 5 years the exports of Bermuda to Germany have decreased at an annualized rate of 40.1%,  from $7.9M in 2017 to $609k in 2022.

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

Comparison In 2022,  Germany ranked 5 in the Economic Complexity Index (ECI 1.78),  and 3 in total exports ($1.6T). That same year, Bermuda ranked 199 in total exports ($68.1M), and does not have data regarding Economic Complexity Index.

Latest Trends

August, 2024

About

Overview In August 2024, Germany exported €607k and imported €25k from Bermuda, resulting in a positive trade balance of €582k. Between August 2023 and August 2024 the exports of Germany have decreased by €-307k (-33.6%) from €914k to €607k, while imports increased by €3k (13.6%) from €22k to €25k.

Trade In August 2024, the top exports of Germany to Bermuda were Pharmaceutical products (€163k), Chassis, bodies, engines etc. for motor... (€159k), Other mineral construction materials (€97k), Bearings,gearings, gear wheels and drive elements (€87k), and Unmanufactured tobacco and tobacco products (€34k). In August 2024 the top imports of Germany from Bermuda were Other end products (€155k), Returned goods (€10k), Spirits (€6k), Railway or tramway locomotives and rolling... (€6k), and Games and toys (€2k).

Origins In August 2024 the exports of Germany were mainly from Bavaria (€416k), Rhineland-Pfalz (€13k), Thuringia (€11k), North Rhine-Westphalia (€10k), and Baden-Württemberg (€5k), while imports destinations were mainly Schleswig-Holstein (€14k), Bavaria (€5k), Bremen (€3k), Hesse (€3k), and Baden-Württemberg (€0).

Growth In August 2024, the decrease in Germany's year-by-year exports to Bermuda was explained primarily by an decrease in product exports in Motor cars and motor caravans (€-442k or -94.4%), Chassis, bodies, engines etc. for motor... (€-390k or -71%), and Measuring and automatical control instruments (€-33k or -75%). In August 2024, the increase in Germany's year-by-year imports  from Bermuda was explained primarily by an increase in product imports  in Returned goods (€8k or 400%) and Spirits (€2k or 50%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)€-307k(-33.6%)
IMPORT GROWTH (August 2023 - August 2024)€3k(13.6%)
MAIN EXPORTER (August 2024)Bavaria€416k

This section shows exports and imports data at subnational level for Germany. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Germany over time.

To check Bermuda and Germany trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Germany exported $18.5M to Bermuda. The main products exported from Germany to Bermuda were Passenger and Cargo Ships ($3.84M), Engine Parts ($2.96M), and Cars ($2.02M). During the last 5 years the exports of Germany to Bermuda have decreased at an annualized rate of 4.14%, from $22.8M in 2017 to $18.5M in 2022.

In 2017, Bermuda exported $609k to Germany. The main products exported from Bermuda to Germany were Hard Liquor ($398k), Transmissions ($49.2k), and Rubber Belting ($48.8k). During the last 5 years the exports of Bermuda to Germany have decreased at an annualized rate of 40.1%, from $7.9M in 2022 to $609k in 2017.

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

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

Market Competitiveness

Color
Germany
Top DestinationUnited States$153B
Bermuda
Top DestinationZambia$17.5M

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

In 2022, countries that imported more from Germany than Bermuda included United States ($153B), France ($120B), and China ($109B).

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

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

Comparative Advantage Germany - Bermuda

Flow
Scale

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

During 2022, Germany had a large net trade with Bermuda in the exports of Machines ($7.73M), Transportation ($7.01M), and Instruments ($687k).

During 2017, Bermuda had a large net trade with Germany in the exports of Foodstuffs ($398k), Machines ($92.9k), and Plastics and Rubbers ($48.9k).

Economic Complexity

Competitive Landscape

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

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

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