2023
Flag  
GDP
$381BCURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP GROWTH
-5.04%CURRENT US$
Rnk 177 / 195
2023
Flag
 GDP
$8.14BCURRENT US$
Rnk 153 / 195
2013-2023
Flag
GDP GROWTH
25.9%CURRENT US$
Rnk 123 / 195
2023
Flag
GDP PC 
$6,023CURRENT US$
Rnk 113 / 195
2013-2023
Flag
GDP PC GROWTH
-17.9%CURRENT US$
Rnk 178 / 195
2023
Flag
GDP PC
$125,842CURRENT US$
Rnk 3 / 196
2013-2023
Flag
GDP PC GROWTH
23.7%CURRENT US$
Rnk 91 / 195

About

South Africa-Bermuda Trade: In 2023, South Africa exported $258k to Bermuda. The main products that South Africa exported to Bermuda were Fish Fillets ($89.4k), Wine ($61.1k), and Refined Petroleum ($23.8k). Over the past 5 years the exports of South Africa to Bermuda have decreased at an annualized rate of 32.7%, from $1.87M in 2018 to $258k in 2023.

In 2023, South Africa did not export any services to Bermuda.

Bermuda-South Africa Trade: In 2023, Bermuda exported $96.3M to South Africa. The main products that Bermuda exported to South Africa were Crude Petroleum ($94M), Railway Cargo Containers ($2.29M), and Motor vehicles; parts and accessories (8701 to 8705) ($2.78k). Over the past 5 years the exports of Bermuda to South Africa have increased at an annualized rate of 276%,  from $33.8k in 2018 to $96.3M in 2023.

In 2023, Bermuda did not export any services to South Africa.

Comparison In 2023,  South Africa ranked 59 in the Economic Complexity Index (ECI 0.07),  and 34 in total exports ($154B). That same year, Bermuda ranked 179 in total exports ($254M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, South Africa exported $258k to Bermuda. The main products exported from South Africa to Bermuda were Fish Fillets ($89.4k), Wine ($61.1k), and Refined Petroleum ($23.8k). During the last 5 years the exports of South Africa to Bermuda have decreased at an annualized rate of 32.7%, from $1.87M in 2018 to $258k in 2023.

In 2018, Bermuda exported $96.3M to South Africa. The main products exported from Bermuda to South Africa were Crude Petroleum ($94M), Railway Cargo Containers ($2.29M), and Motor vehicles; parts and accessories (8701 to 8705) ($2.78k). During the last 5 years the exports of Bermuda to South Africa have increased at an annualized rate of 276%, from $33.8k in 2023 to $96.3M in 2018.

Exports from South Africa (Flag) to Bermuda (Flag) (2023)

Exports from Bermuda (Flag) to South Africa (Flag) (2023)

Market Competitiveness

Color
South Africa
Top Destination
China$29.5B
Bermuda
Top Destination
Germany$101M

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

In 2023, countries that imported more from South Africa than Bermuda included China ($29.5B), United States ($13B), and India ($10.8B).

In 2023, countries that imported more from Bermuda than South Africa included Montserrat ($12.7k).

Difference in imports from Bermuda (Flag) and South Africa (Flag) (2023)

Comparative Advantage South Africa - Bermuda

Flow
Scale

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

During 2023, South Africa had a large net trade with Bermuda in the exports of Foodstuffs ($115k), Animal Products ($92.4k), and Mineral Products ($23.8k).

During 2018, Bermuda had a large net trade with South Africa in the exports of Mineral Products ($94M), Transportation ($2.29M), and Machines ($519).

Economic Complexity

Competitive Landscape

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

Product Space of South Africa (Flag) and Bermuda (Flag) (2023)

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