Flag Pakistan / Bermuda Flag

Exports FlagFlag  (2018): $211k, Rnk 166 / 196

Top Product FlagFlag (2018): $40k, Other Knit Garments

Exports FlagFlag (2018): $83.5M, Rnk 1 / 60

Top Product FlagFlag (2018): $83.4M, Petroleum Gas

Economic Complexity of Flag (2018): ECI -0.73, Rnk 104 / 137

Pakistan-Bermuda: In 2018, Pakistan exported $211k to Bermuda. The main products exported from Pakistan to Bermuda were Other Knit Garments ($40k), Knit Men's Suits ($38k), and Non-Knit Men's Suits ($24.3k). During the last 23 years the exports of Pakistan to Bermuda have increased at an annualized rate of 6.65%, from $48.1k in 1995 to $211k in 2018.

Bermuda-Pakistan: In 2018, Bermuda exported $83.5M to Pakistan. The main products exported from Bermuda to Pakistan were Petroleum Gas ($83.4M), Vehicle Parts ($92.6k), and Scrap Iron ($1.67k). During the last 15 years the exports of Bermuda to Pakistan have increased at an annualized rate of 24.5%, from $544k in 2003 to $83.5M in 2018.

Comparison: In 2018, Pakistan ranked 104 in the Economic Complexity Index (ECI -0.73), and 69 in total exports ($26.7B). 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

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Depth
Value

In 2018, Pakistan exported $211k to Bermuda. The main products exported from Pakistan to Bermuda were Other Knit Garments ($40k), Knit Men's Suits ($38k), and Non-Knit Men's Suits ($24.3k). During the last 23 years the exports of Pakistan to Bermuda have increased at an annualized rate of 6.65%, from $48.1k in 1995 to $211k in 2018.

In 2018, Bermuda exported $83.5M to Pakistan. The main products exported from Bermuda to Pakistan were Petroleum Gas ($83.4M), Vehicle Parts ($92.6k), and Scrap Iron ($1.67k). During the last 15 years the exports of Bermuda to Pakistan have increased at an annualized rate of 24.5%, from $544k in 2003 to $83.5M in 2018.

Market Competitiveness

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Measure

Pakistan
Top Destination
: United States, $3.52B

Bermuda
Top Destination
: Pakistan, $83.5M

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

In 2018, countries that imported more from Pakistan than Bermuda were United States ($3.52B), China ($1.95B), and Germany ($1.78B).

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

Comparative Advantage Pakistan - Bermuda

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Depth

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

During 2018, Pakistan had a large net trade with Bermuda in the exports of Textiles ($184k), Miscellaneous ($19k), and Footwear and Headwear ($5.33k).

During 2018, Bermuda had a large net trade with Pakistan in the exports of Mineral Products ($83.4M), Transportation ($92.6k), and Metals ($1.67k).

Tariff Section

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

In 2018, the products from Pakistan that paid the highest import tariffs to enter Bermuda were Large Sized Cars (100%) and Large Diesel Engine Cars (100%).

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

Explore Tariff Data

*The tariffs present between Pakistan 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 Pakistan 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.

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