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2022
Flag → Flag
Exports $1.36MRnk 162 / 208
2022
Flag → Flag
Top Product $398kBeer
2022
Flag → Flag
Exports $87.4kRnk 26 / 89
2022
Flag → Flag
Top Product $51.6kRecreational Boats
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$7.55BCURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP GROWTH18.4%CURRENT US$
Rnk 124 / 186
2022
Flag
GDP PC $24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186
2022
Flag
GDP PC$118,846CURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP PC GROWTH20.7%CURRENT US$
Rnk 85 / 186

About

Portugal-Bermuda Trade: In 2022, Portugal exported $1.36M to Bermuda. The main products that Portugal exported to Bermuda were Beer ($398k), Wine ($218k), and Water ($125k). Over the past 5 years the exports of Portugal to Bermuda have decreased at an annualized rate of 0.2%, from $1.37M in 2017 to $1.36M in 2022.

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

Bermuda-Portugal Trade: In 2022, Bermuda exported $87.4k to Portugal. The main products that Bermuda exported to Portugal were Recreational Boats ($51.6k), Used Clothing ($14.1k), and Ornamental Ceramics ($6.56k). Over the past 5 years the exports of Bermuda to Portugal have increased at an annualized rate of 78.2%,  from $4.86k in 2017 to $87.4k in 2022.

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

Comparison In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57),  and 48 in total exports ($81.7B). That same year, Bermuda ranked 199 in total exports ($68.1M), and does not have data regarding Economic Complexity Index.

Latest Trends

August, 2024

About

Overview In August 2024, Portugal exported €68.7k and imported €1.31k from Bermuda, resulting in a positive trade balance of €67.4k. Between August 2023 and August 2024 the exports of Portugal have decreased by €-17.5k (-20.3%) from €86.2k to €68.7k, while imports increased by €1.15k (710%) from €162 to €1.31k.

Trade In August 2024, the top exports of Portugal to Bermuda were Beverages, spirits, & vinegar (€62.9k), Miscellaneous edible preparations (€270), Books, newspapers, & other prints (€98), Knitted clothing accesories (€95), and Ceramic products (€27). In August 2024 the top imports of Portugal from Bermuda were Iron & steel (€8.61k), Books, newspapers, & other prints (€86), Live animals (€0), Meat & edible offal (€0), and Fish, crustaceans, & molluscs (€0).

Growth In August 2024, the decrease in Portugal's year-by-year exports to Bermuda was explained primarily by an decrease in product exports in Paper articles (€-21.9k or -100%), Non-knitted clothing accesories (€-2.71k or -100%), and Glass & glassware (€-2.29k or -100%). In August 2024, the increase in Portugal's year-by-year imports  from Bermuda was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)€-17.5k(-20.3%)
IMPORT GROWTH (August 2023 - August 2024)€1.15k(710%)

This section shows exports and imports data at subnational level for Portugal. Click any date in the line plot or any product to explore the exports or imports behavior of Portugal over time.

To check Bermuda and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Bermuda and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $1.36M to Bermuda. The main products exported from Portugal to Bermuda were Beer ($398k), Wine ($218k), and Water ($125k). During the last 5 years the exports of Portugal to Bermuda have decreased at an annualized rate of 0.2%, from $1.37M in 2017 to $1.36M in 2022.

In 2017, Bermuda exported $87.4k to Portugal. The main products exported from Bermuda to Portugal were Recreational Boats ($51.6k), Used Clothing ($14.1k), and Ornamental Ceramics ($6.56k). During the last 5 years the exports of Bermuda to Portugal have increased at an annualized rate of 78.2%, from $4.86k in 2022 to $87.4k in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Bermuda
Top DestinationZambia$17.5M

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

In 2022, countries that imported more from Portugal than Bermuda included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

In 2022, countries that imported more from Bermuda than Portugal included Zambia ($17.5M) and Tanzania ($5.76M).

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

Comparative Advantage Portugal - Bermuda

Flow
Scale

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

During 2022, Portugal had a large net trade with Bermuda in the exports of Foodstuffs ($827k), Paper Goods ($133k), and Metals ($108k).

During 2017, Bermuda had a large net trade with Portugal in the exports of Transportation ($51.9k), Textiles ($16.1k), and Stone And Glass ($6.57k).

Economic Complexity

Competitive Landscape

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

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

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