Flag Denmark / Bermuda Flag

2019
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Exports
: $13.8M, Rnk 114 / 214

2019
Flag β†’ Flag
Top Product
: $10.4M, Electric Motor Parts

2019
Flag β†’ Flag
Exports
: $1.87M, Rnk 10 / 82

2019
Flag β†’ Flag
Top Product
: $1.83M, Trailers

2019
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Economic Complexity (ECI)
: ECI 1.11, Rnk 26 / 157

2019
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GDP
: $350B, CURRENT US$
Rnk 37 / 187

2009-2019
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GDP GROWTH
: 8.98%, CURRENT US$
Rnk 163 / 187

2019
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 GDP
: $7.48B, CURRENT US$
Rnk 147 / 187

2009-2019
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GDP GROWTH
: 12.4%, CURRENT US$
Rnk 159 / 187

2019
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GDP PC 
: $60,170, CURRENT US$
Rnk 11 / 187

2009-2019
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GDP PC GROWTH
: 3.45%, CURRENT US$
Rnk 148 / 187

2019
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GDP PC 
: $117,089, CURRENT US$
Rnk 1 / 187

2009-2019
Flag
GDP PC GROWTH
: 15.5%, CURRENT US$
Rnk 127 / 187

Denmark-Bermuda: In 2019, Denmark exported $13.8M to Bermuda. The main products that Denmark exported to Bermuda are Electric Motor Parts ($10.4M), Beer ($1.44M), and Iron Structures ($448k). During the last 24 years the exports of Denmark to Bermuda have decreased at an annualized rate of 1.91%, from $21.8M in 1995 to $13.8M in 2019.

In 2019, Denmark did not exported services to Bermuda.

Bermuda-Denmark: In 2019, Bermuda exported $1.87M to Denmark . The main products that Bermuda exported to Denmark were Trailers ($1.83M), Other Measuring Instruments ($26.7k), and Soldering and Welding Machinery ($3.88k). During the last 24 years the exports of Bermuda to Denmark have increased at an annualized rate of 24%, from $10.8k in 1995 to $1.87M in 2019.

In 2019, Bermuda did not exported services to Denmark.

Comparison: In 2019,  Denmark ranked 26 in the Economic Complexity Index (ECI 1.11),  and 37 in total exports ($104B). That same year, Bermuda ranked 165 in total exports ($574M), and does not have data regarding Economic Complexity Index.

Bilateral Trade by Products

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Depth
Value

In 2019, Denmark exported $13.8M to Bermuda. The main products exported from Denmark to Bermuda were Electric Motor Parts ($10.4M), Beer ($1.44M), and Iron Structures ($448k). During the last 24 years the exports of Denmark to Bermuda have decreased at an annualized rate of 1.91%, from $21.8M in 1995 to $13.8M in 2019.

In 2019, Bermuda exported $1.87M to Denmark. The main products exported from Bermuda to Denmark were Trailers ($1.83M), Other Measuring Instruments ($26.7k), and Soldering and Welding Machinery ($3.88k). During the last 24 years the exports of Bermuda to Denmark have increased at an annualized rate of 24%, from $10.8k in 1995 to $1.87M in 2019.

Market Competitiveness

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Measure

Denmark
Top Destination
: Germany, $14.6B

Bermuda
Top Destination
: Ireland, $436M

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

In 2019, countries that imported more from Denmark than Bermuda were Germany ($14.6B), United States ($11.3B), and Sweden ($10.3B).

In 2019, no countries were registered that imported more from Bermuda than from Denmark.

Comparative Advantage Denmark - Bermuda

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Depth

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

During 2019, Denmark had a large net trade with Bermuda in the exports of Machines ($11.1M), Foodstuffs ($1.74M), and Metals ($641k).

During 2019, Bermuda had a large net trade with Denmark in the exports of Transportation ($1.83M), Instruments ($26.7k), and Machines ($5.41k).

Tariff Section

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

In 2017, the products from Denmark that paid the highest import tariffs to enter Bermuda were Rice in the husk (paddy or rough) (46.5%) and Rice, semi-milled or wholly milled (28.3%).

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

Explore Tariff Data

*The tariffs present between Denmark and Bermuda are:
122: EU preferential tariff for sugar producing countries
136: Most Favoured Nation duty rate treatement
283: Preferential tariff for Overseas Countries and Territories

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 Denmark has comparative advantage over Bermuda. Similarly, the more red a dot/product is, the more Bermuda has comparative advantage over Denmark.