Flag Netherlands / Bermuda Flag

Exports FlagFlag  (2018): $83.7M, Rnk 122 / 219

Top Product FlagFlag (2018): $79.4M, Recreational Boats

Exports FlagFlag (2018): $76.1M, Rnk 2 / 60

Top Product FlagFlag (2018): $74.4M, Recreational Boats

Economic Complexity of Flag (2018): ECI 1.16, Rnk 20 / 137

Netherlands-Bermuda: In 2018, Netherlands exported $83.7M to Bermuda. The main products exported from Netherlands to Bermuda were Recreational Boats ($79.4M), Beer ($2.03M), and Non-Knit Active Wear ($175k). During the last 23 years the exports of Netherlands to Bermuda have increased at an annualized rate of 11.9%, from $6.25M in 1995 to $83.7M in 2018.

Bermuda-Netherlands: In 2018, Bermuda exported $76.1M to Netherlands. The main products exported from Bermuda to Netherlands were Recreational Boats ($74.4M), Other Electrical Machinery ($728k), and Microphones and Headphones ($430k). During the last 23 years the exports of Bermuda to Netherlands have increased at an annualized rate of 3.95%, from $31.2M in 1995 to $76.1M in 2018.

Comparison: In 2018, Netherlands ranked 20 in the Economic Complexity Index (ECI 1.16), and 7 in total exports ($550B). That same year, Bermuda ranked 172 in total exports ($199M), and does not have data regarding Economic Complexity Index. N/A

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2018, Netherlands exported $83.7M to Bermuda. The main products exported from Netherlands to Bermuda were Recreational Boats ($79.4M), Beer ($2.03M), and Non-Knit Active Wear ($175k). During the last 23 years the exports of Netherlands to Bermuda have increased at an annualized rate of 11.9%, from $6.25M in 1995 to $83.7M in 2018.

In 2018, Bermuda exported $76.1M to Netherlands. The main products exported from Bermuda to Netherlands were Recreational Boats ($74.4M), Other Electrical Machinery ($728k), and Microphones and Headphones ($430k). During the last 23 years the exports of Bermuda to Netherlands have increased at an annualized rate of 3.95%, from $31.2M in 1995 to $76.1M in 2018.

Market Competitiveness

#permalink to section
Measure

Netherlands
Top Destination
: Germany, $111B

Bermuda
Top Destination
: Pakistan, $83.5M

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

In 2018, countries that imported more from Netherlands than Bermuda were Germany ($111B), Belgium-Luxembourg ($71.3B), and United Kingdom ($50.7B).

In 2018, no countries were registered that imported more from Bermuda than from Netherlands.

Comparative Advantage Netherlands - Bermuda

#permalink to section
Depth

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

During 2018, Netherlands had a large net trade with Bermuda in the exports of Transportation ($79.5M), Foodstuffs ($2.52M), and Textiles ($400k).

During 2018, Bermuda had a large net trade with Netherlands in the exports of Transportation ($74.4M), Machines ($1.41M), and Foodstuffs ($141k).

Tariff Section

#permalink to section

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

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

Explore Tariff Data

*The tariffs present between Netherlands 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

Trade Forecasts

#permalink to section

This section shows a forecast for total trade between Netherlands 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

#permalink to section

Competitive Landscape

#permalink to section

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