2022
Flag  
GDP
$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP GROWTH
1.45%CURRENT US$
Rnk 164 / 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 
$15,345CURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP PC GROWTH
-0.49%CURRENT US$
Rnk 145 / 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

Russia-Bermuda Trade: In 2022, Russia exported $4.14k to Bermuda. The main products that Russia exported to Bermuda were Broadcasting Equipment ($3.45k), Self-adhesive Plastics ($219), and Safety Glass ($164). Over the past 5 years the exports of Russia to Bermuda have decreased at an annualized rate of 74.8%, from $4.04M in 2017 to $4.14k in 2022.

In 2020, Russia exported services to Bermuda worth $76M, with Other business services ($39.3M), Transportation ($17.6M), and Financial services ($17.4M) being the largest in terms of value.

Bermuda-Russia Trade: In 2022, Bermuda exported $33.1k to Russia. The main products that Bermuda exported to Russia were N/A. Over the past 5 years the exports of Bermuda to Russia have decreased at an annualized rate of 15.2%,  from $75.6k in 2017 to $33.1k in 2022.

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

Comparison In 2022,  Russia ranked 47 in the Economic Complexity Index (ECI 0.43),  and 12 in total exports ($486B). 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, Russia exported $4.14k to Bermuda. The main products exported from Russia to Bermuda were Broadcasting Equipment ($3.45k), Self-adhesive Plastics ($219), and Safety Glass ($164). During the last 5 years the exports of Russia to Bermuda have decreased at an annualized rate of 74.8%, from $4.04M in 2017 to $4.14k in 2022.

In 2016, Bermuda exported $33.1k to Russia. There were not main exports from Bermuda to Russia in 2016. During the last 5 years the exports of Bermuda to Russia have decreased at an annualized rate of 15.2%, from $75.6k in 2021 to $33.1k in 2016.

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

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

Market Competitiveness

Color
Russia
Top Destination
China$101B
Bermuda
Top Destination
Zambia$17.5M

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

In 2022, countries that imported more from Russia than Bermuda included China ($101B), India ($40.4B), and Germany ($27.7B).

In 2022, countries that imported more from Bermuda than Russia included Zambia ($17.5M), Bahamas ($133k), and Grenada ($1.42k).

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

Comparative Advantage Russia - Bermuda

Flow
Scale

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

During 2022, Russia had a large net trade with Bermuda in the exports of Machines ($3.59k), Plastics and Rubbers ($219), and Textiles ($166).

During 2016, Bermuda had a large net trade with Russia in the exports of .

Economic Complexity

Competitive Landscape

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

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

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