Italy (ITA) and Bermuda (BMU) Trade | The Observatory of Economic Complexity

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Italy-Bermuda Trade: In 2022, Italy exported $10.1M to Bermuda. The main products that Italy exported to Bermuda were Wine ($2.06M), Unglazed Ceramics ($1.12M), and Motorcycles and cycles ($830k). Over the past 5 years the exports of Italy to Bermuda have decreased at an annualized rate of 5.61%, from $13.5M in 2017 to $10.1M in 2022.

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

Bermuda-Italy Trade: In 2022, Bermuda exported $340k to Italy. The main products that Bermuda exported to Italy were Railway Cargo Containers ($288k), Plastic Pipes ($10.7k), and Electrical Transformers ($10.2k). Over the past 5 years the exports of Bermuda to Italy have increased at an annualized rate of 0.93%, from $318k in 2017 to $340k in 2022.

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

Comparison In 2022, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Bermuda ranked 199 in total exports ($68.1M), and does not have data regarding Economic Complexity Index.

Latest Trends

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Overview In N/A, Italy exported €N/A and imported €N/A from Bermuda, resulting in a N/A trade balance of €N/A. Between N/A and N/A the exports of Italy have N/A by €N/A (N/A) from €N/A to €N/A, while imports N/A by €N/A (N/A) from €N/A to €N/A.

Trade In N/A, the top exports of Italy to Bermuda were . In N/A the top imports of Italy from Bermuda were .

Growth In N/A, the N/A in Italy's year-by-year exports to Bermuda was explained primarily by an decrease in product exports in . In N/A, the N/A in Italy's year-by-year imports from Bermuda was explained primarily by an decrease in product imports in .

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Italy exported $10.1M to Bermuda. The main products exported from Italy to Bermuda were Wine ($2.06M), Unglazed Ceramics ($1.12M), and Motorcycles and cycles ($830k). During the last 5 years the exports of Italy to Bermuda have decreased at an annualized rate of 5.61%, from $13.5M in 2017 to $10.1M in 2022.

In 2017, Bermuda exported $340k to Italy. The main products exported from Bermuda to Italy were Railway Cargo Containers ($288k), Plastic Pipes ($10.7k), and Electrical Transformers ($10.2k). During the last 5 years the exports of Bermuda to Italy have increased at an annualized rate of 0.93%, from $318k in 2022 to $340k in 2017.

Exports from Italy () to Bermuda () (2022)

Exports from Bermuda () to Italy () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Italy
Top DestinationGermany$78.5B

Bermuda
Top DestinationZambia$17.5M

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

In 2022, countries that imported more from Italy than Bermuda included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

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

Difference in imports from Bermuda () and Italy () (2022)

Comparative Advantage Italy - Bermuda

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Italy had a large net trade with Bermuda in the exports of Foodstuffs ($3.23M), Stone And Glass ($2.12M), and Transportation ($1.1M).

During 2017, Bermuda had a large net trade with Italy in the exports of Transportation ($288k), Machines ($25k), and Metals ($11k).

Economic Complexity

Competitive Landscape

Year

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

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Latest Trends

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Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Italy () to Bermuda () (2022)

Exports from Bermuda () to Italy () (2022)

Market Competitiveness

Difference in imports from Bermuda () and Italy () (2022)

Comparative Advantage Italy - Bermuda

Economic Complexity

Competitive Landscape

Product Space of Italy () and Bermuda () (2022)

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Italy () to Bermuda () (2022)

Exports from Bermuda () to Italy () (2022)

Market Competitiveness

Difference in imports from Bermuda () and Italy () (2022)

Comparative Advantage Italy - Bermuda

Economic Complexity

Competitive Landscape

Product Space of Italy () and Bermuda () (2022)

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