In 2019, Bermuda exported a total of $574M, making it the number 165 exporter in the world. During the last five reported years the exports of Bermuda have changed by $520M from $54.1M in 2014 to $574M in 2019.
In 2019 Bermuda imported $1.31B, making it the number 171 trade destination in the world. During the last five reported years the imports of Bermuda changed by -$1.81B from $3.12B in 2014 to $1.31B in 2019.
In 2017, Bermuda exported $1.33B worth of services. The top services exported by Bermuda in 2017 were Miscellaneous business, professional, and technical services ($443M), Personal travel ($408M), Financial services ($172M), Business travel ($105M), and Other government services ($54.6M).
The top services imported by Bermuda in 2017 were Personal travel ($244M), Miscellaneous business, professional, and technical services ($194M), Sea transport ($154M), Air transport ($117M), and Financial services ($50.5M).
The top export opportunities for Bermuda according to the relatedness index, are Crude Petroleum (0.033), Non-fillet Fresh Fish (0.032), Fish Fillets (0.032), Scrap Iron (0.031), and Scrap Vessels (0.03). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Bermuda is not specialized in.
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.
The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities.
Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.