2022
Flag  
GDP
$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH
54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP
$7.55BCURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP GROWTH
18.4%CURRENT US$
Rnk 124 / 186
2022
Flag
GDP PC 
$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH
30.9%CURRENT US$
Rnk 61 / 186
2022
Flag
GDP PC
$118,846CURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP PC GROWTH
20.7%CURRENT US$
Rnk 85 / 186

About

Philippines-Bermuda Trade: In 2022, Philippines exported $121k to Bermuda. The main products that Philippines exported to Bermuda were Electric Batteries ($68.5k), Electrical Transformers ($22.5k), and Electrical Control Boards ($10.4k). Over the past 5 years the exports of Philippines to Bermuda have increased at an annualized rate of 7.2%, from $85.4k in 2017 to $121k in 2022.

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

Bermuda-Philippines Trade: In 2022, Bermuda exported $1.6k to Philippines. The main products that Bermuda exported to Philippines were Computers ($514), Imitation Jewellery ($465), and Other Measuring Instruments ($259). Over the past 5 years the exports of Bermuda to Philippines have increased at an annualized rate of 11%,  from $949 in 2017 to $1.6k in 2022.

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

Comparison In 2022,  Philippines ranked 37 in the Economic Complexity Index (ECI 0.71),  and 40 in total exports ($110B). 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, Philippines exported $121k to Bermuda. The main products exported from Philippines to Bermuda were Electric Batteries ($68.5k), Electrical Transformers ($22.5k), and Electrical Control Boards ($10.4k). During the last 5 years the exports of Philippines to Bermuda have increased at an annualized rate of 7.2%, from $85.4k in 2017 to $121k in 2022.

In 2017, Bermuda exported $1.6k to Philippines. The main products exported from Bermuda to Philippines were Computers ($514), Imitation Jewellery ($465), and Other Measuring Instruments ($259). During the last 5 years the exports of Bermuda to Philippines have increased at an annualized rate of 11%, from $949 in 2022 to $1.6k in 2017.

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

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

Market Competitiveness

Color
Philippines
Top Destination
United States$15.5B
Bermuda
Top Destination
Zambia$17.5M

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

In 2022, countries that imported more from Philippines than Bermuda included United States ($15.5B), China ($15.3B), and Hong Kong ($12.6B).

In 2022, countries that imported more from Bermuda than Philippines included Zambia ($17.5M), Angola ($7.13M), and Zimbabwe ($4.06M).

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

Comparative Advantage Philippines - Bermuda

Flow
Scale

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

During 2022, Philippines had a large net trade with Bermuda in the exports of Machines ($104k), Textiles ($10.8k), and Vegetable Products ($3.47k).

During 2017, Bermuda had a large net trade with Philippines in the exports of Machines ($514), Precious Metals ($465), and Instruments ($259).

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with