Flag United Kingdom / Bermuda Flag

2020
FlagFlag
Exports
: $168M, Rnk 88 / 221

2020
FlagFlag
Top Product
: $125M, Paintings

2020
FlagFlag
Exports
: $769k, Rnk 6 / 75

2020
FlagFlag
Top Product
: $120k, Other Furniture

2020
Flag
Economic Complexity (ECI)
: ECI 1.42, Rnk 13 / 127

2020
Flag  
GDP
: $2.76T, CURRENT US$
Rnk 5 / 204

2010-2020
Flag
GDP GROWTH
: 10.7%, CURRENT US$
Rnk 139 / 204

2020
Flag
 GDP
: $6.88B, CURRENT US$
Rnk 153 / 204

2010-2020
Flag
GDP GROWTH
: 3.72%, CURRENT US$
Rnk 153 / 204

2020
Flag
GDP PC 
: $41,098, CURRENT US$
Rnk 27 / 204

2010-2020
Flag
GDP PC GROWTH
: 3.55%, CURRENT US$
Rnk 127 / 204

2020
Flag
GDP PC
: $107,706, CURRENT US$
Rnk 3 / 204

2010-2020
Flag
GDP PC GROWTH
: 5.72%, CURRENT US$
Rnk 119 / 204

United Kingdom-Bermuda In 2020, United Kingdom exported $168M to Bermuda. The main products that United Kingdom exported to Bermuda are Paintings ($125M), Packaged Medicaments ($10.1M), and Sculptures ($3.46M). During the last 25 years the exports of United Kingdom to Bermuda have increased at an annualized rate of 5.79%, from $41M in 1995 to $168M in 2020.

In 2020, United Kingdom did not export any services to Bermuda.

Bermuda-United Kingdom In 2020, Bermuda exported $769k to United Kingdom. The main products that Bermuda exported to United Kingdom were Other Furniture ($120k), Used Clothing ($113k), and Centrifuges ($60.3k). During the last 25 years the exports of Bermuda to United Kingdom have decreased at an annualized rate of 6.84%, from $4.52M in 1995 to $769k in 2020.

In 2020, Bermuda did not export any services to United Kingdom.

Comparison In 2020,  United Kingdom ranked 13 in the Economic Complexity Index (ECI 1.42),  and 11 in total exports ($371B). That same year, Bermuda ranked 174 in total exports ($238M), and does not have data regarding Economic Complexity Index.

Historical Data

#permalink to section

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2020, United Kingdom exported $168M to Bermuda. The main products exported from United Kingdom to Bermuda were Paintings ($125M), Packaged Medicaments ($10.1M), and Sculptures ($3.46M). During the last 25 years the exports of United Kingdom to Bermuda have increased at an annualized rate of 5.79%, from $41M in 1995 to $168M in 2020.

In 2020, Bermuda exported $769k to United Kingdom. The main products exported from Bermuda to United Kingdom were Other Furniture ($120k), Used Clothing ($113k), and Centrifuges ($60.3k). During the last 25 years the exports of Bermuda to United Kingdom have decreased at an annualized rate of 6.84%, from $4.52M in 1995 to $769k in 2020.

Market Competitiveness

#permalink to section
Measure

United Kingdom
Top Destination
: United States, $51.7B

Bermuda
Top Destination
: Netherlands, $200M

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

In 2019, countries that imported more from United Kingdom than Bermuda were United States ($51.7B), Germany ($39.9B), and Ireland ($26.8B).

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

Comparative Advantage United Kingdom - Bermuda

#permalink to section
Flow
Scale

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

During 2020, United Kingdom had a large net trade with Bermuda in the exports of Arts and Antiques ($129M), Chemical Products ($12.9M), and Foodstuffs ($7.76M).

During 2020, Bermuda had a large net trade with United Kingdom in the exports of Textiles ($159k), Miscellaneous ($147k), and Machines ($108k).

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

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