Flag South Korea / Bermuda Flag

Exports FlagFlag  (2018): $426M, Rnk 73 / 210

Top Product FlagFlag (2018): $417M, Passenger and Cargo Ships

Exports FlagFlag (2018): $2.92k, Rnk 53 / 60

Top Product FlagFlag (2018): $2.92k, Engine Parts

Economic Complexity of Flag (2018): ECI 1.85, Rnk 5 / 137

GDP Flag (2018): $1.62T, CURRENT US$
Rnk 12 / 196

GDP GROWTH Flag (2008-2018): 61.6%, CURRENT US$
Rnk 69 / 196

GDP PC Flag (2018): $31,363, CURRENT US$
Rnk 34 / 196

GDP PC GROWTH Flag (2008-2018): 53.5%, CURRENT US$
Rnk 42 / 196

South Korea-Bermuda: In 2018, South Korea exported $426M to Bermuda. The main products exported from South Korea to Bermuda were Passenger and Cargo Ships ($417M), Cars ($8.36M), and Vehicle Parts ($138k). During the last 23 years the exports of South Korea to Bermuda have increased at an annualized rate of 9.71%, from $50.5M in 1995 to $426M in 2018.

Bermuda-South Korea: In 2018, Bermuda exported $2.92k to South Korea. The main products exported from Bermuda to South Korea were Engine Parts ($2.92k). During the last 18 years the exports of Bermuda to South Korea have decreased at an annualized rate of 5.65%, from $11.1k in 2000 to $2.92k in 2018.

Comparison: In 2018, South Korea ranked 5 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($617B). That same year, Bermuda ranked 172 in total exports ($199M), and does not have data regarding Economic Complexity Index. In terms of GDP Per Capita, South Korea was ranked 34 with a GDP Per Capita of $31,363, while Bermuda has no data regarding GDP Per Capita in 2018.

Bilateral Trade by Products

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Depth
Value

In 2018, South Korea exported $426M to Bermuda. The main products exported from South Korea to Bermuda were Passenger and Cargo Ships ($417M), Cars ($8.36M), and Vehicle Parts ($138k). During the last 23 years the exports of South Korea to Bermuda have increased at an annualized rate of 9.71%, from $50.5M in 1995 to $426M in 2018.

In 2018, Bermuda exported $2.92k to South Korea. The main products exported from Bermuda to South Korea were Engine Parts ($2.92k). During the last 18 years the exports of Bermuda to South Korea have decreased at an annualized rate of 5.65%, from $11.1k in 2000 to $2.92k in 2018.

Date

Market Competitiveness

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Measure

South Korea
Top Destination
: China, $160B

Bermuda
Top Destination
: Pakistan, $83.5M

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

In 2018, countries that imported more from South Korea than Bermuda were China ($160B), United States ($73.1B), and Vietnam ($48.6B).

In 2018, countries that imported more from Bermuda than South Korea were North Korea ($1.72k).

Comparative Advantage South Korea - Bermuda

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Depth

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

During 2018, South Korea had a large net trade with Bermuda in the exports of Transportation ($425M), Machines ($256k), and Mineral Products ($68.9k).

During 2018, Bermuda had a large net trade with South Korea in the exports of Machines ($2.92k).

Tariff Section

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

In 2018, the products from South Korea that paid the highest import tariffs to enter Bermuda were Cereals: fonio (Digitaria spp.) (800%) and Cereals: quinoa (Chenopodium quinoa) (800%).

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

Explore Tariff Data

*The tariffs present between South Korea and Bermuda are:
136: Most Favoured Nation duty rate treatement

Trade Forecasts

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This section shows a forecast for total trade between South Korea and Bermuda. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

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