2022
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GDP
$2.01TCURRENT US$
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2012-2022
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GDP GROWTH
-3.67%CURRENT US$
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2022
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 GDP
$7.55BCURRENT US$
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2012-2022
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GDP GROWTH
18.4%CURRENT US$
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2022
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GDP PC 
$34,158CURRENT US$
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2012-2022
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GDP PC GROWTH
-2.55%CURRENT US$
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2022
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GDP PC
$118,846CURRENT US$
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2012-2022
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GDP PC GROWTH
20.7%CURRENT US$
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About

Italy-Bermuda In 2022, Italy exported $10.1M to Bermuda. The main products that Italy exported to Bermuda are Wine ($2.06M), Unglazed Ceramics ($1.12M), and Motorcycles and cycles ($830k). During the last 27 years the exports of Italy to Bermuda have increased at an annualized rate of 0.52%, from $8.82M in 1995 to $10.1M in 2022.

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

Bermuda-Italy 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). During the last 27 years the exports of Bermuda to Italy have decreased at an annualized rate of 12.4%, from $12.2M in 1995 to $340k in 2022.

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

Comparison In 2022,  Italy ranked 18 in the Economic Complexity Index (ECI 1.24),  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.

Historical Data

Bilateral Trade by Products

Depth
Value

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 27 years the exports of Italy to Bermuda have increased at an annualized rate of 0.52%, from $8.82M in 1995 to $10.1M in 2022.

In 2022, 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 26 years the exports of Bermuda to Italy have decreased at an annualized rate of 12.4%, from $12.2M in 1996 to $340k in 2022.

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

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

Market Competitiveness

Color
Italy
Top Destination
Germany$78.5B
Bermuda
Top Destination
Zambia$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 2021, countries that imported more from Italy than Bermuda were Germany ($78.5B), United States ($68.2B), and France ($63.8B).

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

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

Comparative Advantage Italy - Bermuda

Flow
Scale

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 2022, Bermuda had a large net trade with Italy in the exports of Transportation ($288k), Machines ($25k), and Metals ($11k).

Economic Complexity

Competitive Landscape

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 Italy has comparative advantage over Bermuda. Similarly, the more yellow a dot/product is, the more Bermuda has comparative advantage over Italy.

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

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