Flag Spain / Bermuda Flag

2019
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Exports
: $7.4M, Rnk 168 / 219

2019
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Top Product
: $2.56M, Electric Motors

2019
Flag β†’ Flag
Exports
: $30.1M, Rnk 2 / 82

2019
Flag β†’ Flag
Top Product
: $29.6M, Planes, Helicopters, and/or Spacecraft

2019
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Economic Complexity (ECI)
: ECI 0.9, Rnk 36 / 157

2019
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GDP
: $1.39T, CURRENT US$
Rnk 14 / 187

2009-2019
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GDP GROWTH
: -6.2%, CURRENT US$
Rnk 179 / 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 
: $29,600, CURRENT US$
Rnk 36 / 187

2009-2019
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GDP PC GROWTH
: -7.62%, CURRENT US$
Rnk 174 / 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

Spain-Bermuda: In 2019, Spain exported $7.4M to Bermuda. The main products that Spain exported to Bermuda are Electric Motors ($2.56M), Machinery Having Individual Functions ($2.53M), and Telephones ($694k). During the last 24 years the exports of Spain to Bermuda have decreased at an annualized rate of 5.02%, from $25.5M in 1995 to $7.4M in 2019.

In 2019, Spain did not exported services to Bermuda.

Bermuda-Spain: In 2019, Bermuda exported $30.1M to Spain . The main products that Bermuda exported to Spain were Planes, Helicopters, and/or Spacecraft ($29.6M), Musical Instrument Parts ($514k), and Brochures ($9.87k). During the last 24 years the exports of Bermuda to Spain have increased at an annualized rate of 0.045%, from $29.8M in 1995 to $30.1M in 2019.

In 2019, Bermuda did not exported services to Spain.

Comparison: In 2019,  Spain ranked 36 in the Economic Complexity Index (ECI 0.9),  and 16 in total exports ($319B). 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, Spain exported $7.4M to Bermuda. The main products exported from Spain to Bermuda were Electric Motors ($2.56M), Machinery Having Individual Functions ($2.53M), and Telephones ($694k). During the last 24 years the exports of Spain to Bermuda have decreased at an annualized rate of 5.02%, from $25.5M in 1995 to $7.4M in 2019.

In 2019, Bermuda exported $30.1M to Spain. The main products exported from Bermuda to Spain were Planes, Helicopters, and/or Spacecraft ($29.6M), Musical Instrument Parts ($514k), and Brochures ($9.87k). During the last 24 years the exports of Bermuda to Spain have increased at an annualized rate of 0.045%, from $29.8M in 1995 to $30.1M in 2019.

Market Competitiveness

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Measure

Spain
Top Destination
: France, $47.4B

Bermuda
Top Destination
: Ireland, $436M

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

In 2019, countries that imported more from Spain than Bermuda were France ($47.4B), Germany ($34.9B), and Portugal ($25.8B).

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

Comparative Advantage Spain - Bermuda

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Depth

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

During 2019, Spain had a large net trade with Bermuda in the exports of Machines ($5.84M), Stone And Glass ($413k), and Textiles ($282k).

During 2019, Bermuda had a large net trade with Spain in the exports of Transportation ($29.6M), Instruments ($521k), and Paper Goods ($9.87k).

Tariff Section

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

In 2017, the products from Spain 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 Spain were Other Vehicles Including Gas Turbine Powered (75%) and Motor vehicle chassis fitted with engine (75%).

Explore Tariff Data

*The tariffs present between Spain 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 Spain has comparative advantage over Bermuda. Similarly, the more red a dot/product is, the more Bermuda has comparative advantage over Spain.