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2023
Flag → Flag
Exports $684kRnk 10 / 90
2023
Flag → Flag
Top Product $332kHard Liquor
2023
Flag → Flag
Exports $77.3MRnk 117 / 223
2023
Flag → Flag
Top Product $24.2MCollector's Items
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag  
GDP$8.14BCURRENT US$
Rnk 153 / 195
2013-2023
Flag
GDP GROWTH25.9%CURRENT US$
Rnk 123 / 195
2023
Flag
 GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC $125,842CURRENT US$
Rnk 3 / 195
2013-2023
Flag
GDP PC GROWTH23.7%CURRENT US$
Rnk 91 / 195
2023
Flag
GDP PC$49,464CURRENT US$
Rnk 26 / 196
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195

About

Bermuda-United Kingdom Trade: In 2023, Bermuda exported $684k to United Kingdom. The main products that Bermuda exported to United Kingdom were Hard Liquor ($332k), Other Furniture ($73.9k), and Used Clothing ($65.2k). Over the past 5 years the exports of Bermuda to United Kingdom have decreased at an annualized rate of 20.4%, from $2.15M in 2018 to $684k in 2023.

In 2023, Bermuda did not export any services to United Kingdom.

United Kingdom-Bermuda Trade: In 2023, United Kingdom exported $77.3M to Bermuda. The main products that United Kingdom exported to Bermuda were Collector's Items ($24.2M), Packaged Medicaments ($16.6M), and Cars ($6.85M). Over the past 5 years the exports of United Kingdom to Bermuda have increased at an annualized rate of 9.6%,  from $48.9M in 2018 to $77.3M in 2023.

In 2023, United Kingdom did not export any services to Bermuda.

Comparison In 2023,  Bermuda ranked 179 in total exports ($254M), and does not have data regarding Economic Complexity Index. That same year, United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bermuda exported $684k to United Kingdom. The main products exported from Bermuda to United Kingdom were Hard Liquor ($332k), Other Furniture ($73.9k), and Used Clothing ($65.2k). During the last 5 years the exports of Bermuda to United Kingdom have decreased at an annualized rate of 20.4%, from $2.15M in 2018 to $684k in 2023.

In 2018, United Kingdom exported $77.3M to Bermuda. The main products exported from United Kingdom to Bermuda were Collector's Items ($24.2M), Packaged Medicaments ($16.6M), and Cars ($6.85M). During the last 5 years the exports of United Kingdom to Bermuda have increased at an annualized rate of 9.6%, from $48.9M in 2023 to $77.3M in 2018.

Exports from Bermuda (Flag) to United Kingdom (Flag) (2023)

Exports from United Kingdom (Flag) to Bermuda (Flag) (2023)

Latest Data

Trade between Bermuda (Flag) and United Kingdom (Flag)

Bermuda Exports

United Kingdom Exports

Market Competitiveness

Color
Bermuda
Top DestinationGermany$101M
United Kingdom
Top DestinationUnited States$59.7B

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

In 2023, no countries were registered that imported more from Bermuda than from United Kingdom.

In 2023, countries that imported more from United Kingdom than Bermuda included United States ($59.7B), China ($35.3B), and Germany ($34.6B).

Difference in imports from United Kingdom (Flag) and Bermuda (Flag) (2023)

Comparative Advantage Bermuda - United Kingdom

Flow
Scale

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

During 2023, Bermuda had a large net trade with United Kingdom in the exports of Foodstuffs ($332k), Textiles ($75.3k), and Miscellaneous ($73.9k).

During 2018, United Kingdom had a large net trade with Bermuda in the exports of Arts and Antiques ($29.7M), Chemical Products ($19.5M), and Transportation ($8.34M).

Economic Complexity

Competitive Landscape

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

Product Space of Bermuda (Flag) and United Kingdom (Flag) (2023)

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