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2022
Flag → Flag
Exports $340kRnk 16 / 89
2022
Flag → Flag
Top Product $288kRailway Cargo Containers
2022
Flag → Flag
Exports $10.1MRnk 181 / 221
2022
Flag → Flag
Top Product $2.06MWine
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
Flag  
GDP$7.55BCURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP GROWTH18.4%CURRENT US$
Rnk 124 / 186
2022
Flag
 GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 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$34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186

About

Bermuda-Italy Trade: In 2022, Bermuda exported $340k to Italy. The main products that Bermuda exported to Italy were Railway Cargo Containers ($288k), Plastic Pipes ($10.7k), and Electrical Transformers ($10.2k). Over the past 5 years the exports of Bermuda to Italy have increased at an annualized rate of 1.31%, from $318k in 2017 to $340k in 2022.

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

Italy-Bermuda Trade: In 2022, Italy exported $10.1M to Bermuda. The main products that Italy exported to Bermuda were Wine ($2.06M), Unglazed Ceramics ($1.12M), and Motorcycles and cycles ($830k). Over the past 5 years the exports of Italy to Bermuda have decreased at an annualized rate of 5.61%,  from $13.5M in 2017 to $10.1M in 2022.

In 2022, Italy 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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bermuda exported $340k to Italy. The main products exported from Bermuda to Italy were Railway Cargo Containers ($288k), Plastic Pipes ($10.7k), and Electrical Transformers ($10.2k). During the last 5 years the exports of Bermuda to Italy have increased at an annualized rate of 1.31%, from $318k in 2017 to $340k in 2022.

In 2017, Italy exported $10.1M to Bermuda. The main products exported from Italy to Bermuda were Wine ($2.06M), Unglazed Ceramics ($1.12M), and Motorcycles and cycles ($830k). During the last 5 years the exports of Italy to Bermuda have decreased at an annualized rate of 5.61%, from $13.5M in 2022 to $10.1M in 2017.

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

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

Latest Data

Trade between Bermuda (Flag) and Italy (Flag)

Bermuda Exports

Italy Exports

Market Competitiveness

Color
Bermuda
Top DestinationZambia$17.5M
Italy
Top DestinationGermany$78.5B

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

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

In 2022, countries that imported more from Italy than Bermuda included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

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

Comparative Advantage Bermuda - Italy

Flow
Scale

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

During 2022, Bermuda had a large net trade with Italy in the exports of Transportation ($288k), Machines ($25k), and Metals ($11k).

During 2017, Italy had a large net trade with Bermuda in the exports of Foodstuffs ($3.23M), Stone And Glass ($2.12M), and Transportation ($1.1M).

Economic Complexity

Competitive Landscape

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

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

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