2022
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GDP
$7.55BCURRENT US$
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2012-2022
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GDP GROWTH
18.4%CURRENT US$
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2022
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 GDP
$2.01TCURRENT US$
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2012-2022
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GDP GROWTH
-3.67%CURRENT US$
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2022
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GDP PC 
$118,846CURRENT US$
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2012-2022
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GDP PC GROWTH
20.7%CURRENT US$
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2022
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GDP PC
$34,158CURRENT US$
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2012-2022
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GDP PC GROWTH
-2.55%CURRENT US$
Rnk 148 / 186

About

Bermuda-Italy In 2022, Bermuda exported $340k to Italy. The main products that Bermuda exported to Italy are Railway Cargo Containers ($288k), Plastic Pipes ($10.7k), and Electrical Transformers ($10.2k). During the last 26 years the exports of Bermuda to Italy have decreased at an annualized rate of 12.9%, from $12.2M in 1996 to $340k in 2022.

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

Italy-Bermuda 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). During the last 26 years the exports of Italy to Bermuda have increased at an annualized rate of 0.54%, from $8.82M in 1996 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 18 in the Economic Complexity Index (ECI 1.24), 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 26 years the exports of Bermuda to Italy have decreased at an annualized rate of 12.9%, from $12.2M in 1996 to $340k in 2022.

In 2022, 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 27 years the exports of Italy to Bermuda have increased at an annualized rate of 0.54%, from $8.82M in 1995 to $10.1M in 2022.

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 Destination
Zambia$17.5M
Italy
Top Destination
Germany$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 2019, no countries were registered that imported more from Bermuda than from Italy.

In 2021, countries that imported more from Italy than Bermuda were 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 2022, 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 show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Bermuda has comparative advantage over Italy. Similarly, the more yellow a dot/product is, the more Italy has comparative advantage over Bermuda.

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

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