2022
Flag  
GDP
$7.55BCURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP GROWTH
18.4%CURRENT US$
Rnk 124 / 186
2022
Flag
 GDP
$808BCURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP GROWTH
17.7%CURRENT US$
Rnk 128 / 186
2022
Flag
GDP PC 
$118,846CURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP PC GROWTH
20.7%CURRENT US$
Rnk 85 / 186
2022
Flag
GDP PC
$92,101CURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP PC GROWTH
7.3%CURRENT US$
Rnk 125 / 186

About

Bermuda-Switzerland Trade: In 2022, Bermuda exported $32.7k to Switzerland. The main products that Bermuda exported to Switzerland were Hard Liquor ($18.2k), Flavored Water ($3.18k), and Aircraft Parts ($2.4k). Over the past 5 years the exports of Bermuda to Switzerland have decreased at an annualized rate of 17.7%, from $86.6k in 2017 to $32.7k in 2022.

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

Switzerland-Bermuda Trade: In 2022, Switzerland exported $7.74M to Bermuda. The main products that Switzerland exported to Bermuda were Precious Metal Watches ($2.03M), Base Metal Watches ($1.85M), and Packaged Medicaments ($1M). Over the past 5 years the exports of Switzerland to Bermuda have decreased at an annualized rate of 0.73%,  from $8.03M in 2017 to $7.74M in 2022.

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

Comparison In 2022,  Bermuda ranked 199 in total exports ($68.1M), and does not have data regarding Economic Complexity Index. That same year, Switzerland ranked 2 in the Economic Complexity Index (ECI 1.97), and 17 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bermuda exported $32.7k to Switzerland. The main products exported from Bermuda to Switzerland were Hard Liquor ($18.2k), Flavored Water ($3.18k), and Aircraft Parts ($2.4k). During the last 5 years the exports of Bermuda to Switzerland have decreased at an annualized rate of 17.7%, from $86.6k in 2017 to $32.7k in 2022.

In 2017, Switzerland exported $7.74M to Bermuda. The main products exported from Switzerland to Bermuda were Precious Metal Watches ($2.03M), Base Metal Watches ($1.85M), and Packaged Medicaments ($1M). During the last 5 years the exports of Switzerland to Bermuda have decreased at an annualized rate of 0.73%, from $8.03M in 2022 to $7.74M in 2017.

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

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

Latest Data

Trade between Bermuda (Flag) and Switzerland (Flag)

Bermuda Exports

Switzerland Exports

Market Competitiveness

Color
Bermuda
Top Destination
Zambia$17.5M
Switzerland
Top Destination
United States$61.7B

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

In 2022, no countries were registered that imported more from Bermuda than from Switzerland.

In 2022, countries that imported more from Switzerland than Bermuda included United States ($61.7B), Germany ($53.5B), and China ($44.1B).

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

Comparative Advantage Bermuda - Switzerland

Flow
Scale

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

During 2022, Bermuda had a large net trade with Switzerland in the exports of Foodstuffs ($21.6k), Transportation ($2.4k), and Instruments ($1.45k).

During 2017, Switzerland had a large net trade with Bermuda in the exports of Instruments ($4.38M), Machines ($1.38M), and Chemical Products ($1.05M).

Economic Complexity

Competitive Landscape

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

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

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