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2022
Flag → Flag
Exports $825kRnk 12 / 89
2022
Flag → Flag
Top Product $658kRubberworking Machinery
2022
Flag → Flag
Exports $1.99MRnk 186 / 218
2022
Flag → Flag
Top Product $313kWine
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag  
GDP$7.55BCURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP GROWTH18.4%CURRENT US$
Rnk 124 / 186
2022
Flag
 GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
GDP PC $118,846CURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP PC GROWTH20.7%CURRENT US$
Rnk 85 / 186
2022
Flag
GDP PC$29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186

About

Bermuda-Spain Trade: In 2022, Bermuda exported $825k to Spain. The main products that Bermuda exported to Spain were Rubberworking Machinery ($658k), Railway Cargo Containers ($63.1k), and Transmissions ($32.7k). Over the past 5 years the exports of Bermuda to Spain have increased at an annualized rate of 65.4%, from $66.5k in 2017 to $825k in 2022.

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

Spain-Bermuda Trade: In 2022, Spain exported $1.99M to Bermuda. The main products that Spain exported to Bermuda were Wine ($313k), Unglazed Ceramics ($251k), and Bricks ($234k). Over the past 5 years the exports of Spain to Bermuda have decreased at an annualized rate of 9.98%,  from $3.36M in 2017 to $1.99M in 2022.

In 2022, Spain 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, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bermuda exported $825k to Spain. The main products exported from Bermuda to Spain were Rubberworking Machinery ($658k), Railway Cargo Containers ($63.1k), and Transmissions ($32.7k). During the last 5 years the exports of Bermuda to Spain have increased at an annualized rate of 65.4%, from $66.5k in 2017 to $825k in 2022.

In 2017, Spain exported $1.99M to Bermuda. The main products exported from Spain to Bermuda were Wine ($313k), Unglazed Ceramics ($251k), and Bricks ($234k). During the last 5 years the exports of Spain to Bermuda have decreased at an annualized rate of 9.98%, from $3.36M in 2022 to $1.99M in 2017.

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

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

Latest Data

Trade between Bermuda (Flag) and Spain (Flag)

Bermuda Exports

Spain Exports

Market Competitiveness

Color
Bermuda
Top DestinationZambia$17.5M
Spain
Top DestinationFrance$65.2B

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

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

In 2022, countries that imported more from Spain than Bermuda included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

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

Comparative Advantage Bermuda - Spain

Flow
Scale

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

During 2022, Bermuda had a large net trade with Spain in the exports of Machines ($719k), Transportation ($71.8k), and Plastics and Rubbers ($23.6k).

During 2017, Spain had a large net trade with Bermuda in the exports of Stone And Glass ($533k), Textiles ($404k), and Foodstuffs ($326k).

Economic Complexity

Competitive Landscape

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

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

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