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2020
Flag → Flag
Exports $101Rnk 112 / 0
2020
Flag → Flag
Exports $35.7kRnk 118 / 148
2020
Flag → Flag
Top Product $13.3kMolluscs
2022
Flag
Economic Complexity (ECI) ECI -0.97Rnk 110 / 133
2022
Flag  
GDP$7.55BCURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP GROWTH18.4%CURRENT US$
Rnk 124 / 186
2022
Flag
 GDP$15.7BCURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP GROWTH48.8%CURRENT US$
Rnk 66 / 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$2,255CURRENT US$
Rnk 142 / 186
2012-2022
Flag
GDP PC GROWTH29.1%CURRENT US$
Rnk 66 / 186

About

Bermuda-Nicaragua Trade: In 2020, Bermuda exported $101 to Nicaragua. The main products that Bermuda exported to Nicaragua were N/A. Over the past 20 years the exports of Bermuda to Nicaragua have decreased at an annualized rate of 18.1%, from $5.52k in 2000 to $101 in 2020.

In 2020, Bermuda did not export any services to Nicaragua.

Nicaragua-Bermuda Trade: In 2020, Nicaragua exported $35.7k to Bermuda. The main products that Nicaragua exported to Bermuda were Molluscs ($13.3k), Non-fillet Frozen Fish ($11.1k), and Hard Liquor ($8.43k). Over the past 20 years the exports of Nicaragua to Bermuda have increased at an annualized rate of 0.84%,  from $34.3k in 2000 to $35.7k in 2020.

In 2020, Nicaragua 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, Nicaragua ranked 110 in the Economic Complexity Index (ECI -0.97), and 111 in total exports ($7.92B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2020, Bermuda exported $101 to Nicaragua. There were not main exports from Bermuda to Nicaragua in 2020. During the last 20 years the exports of Bermuda to Nicaragua have decreased at an annualized rate of 18.1%, from $5.52k in 2000 to $101 in 2020.

In 2017, Nicaragua exported $35.7k to Bermuda. The main products exported from Nicaragua to Bermuda were Molluscs ($13.3k), Non-fillet Frozen Fish ($11.1k), and Hard Liquor ($8.43k). During the last 5 years the exports of Nicaragua to Bermuda have increased at an annualized rate of 0.84%, from $34.3k in 2022 to $35.7k in 2017.

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

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

Market Competitiveness

Color
Bermuda
Top DestinationZambia$17.5M
Nicaragua
Top DestinationUnited States$4.09B

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

In 2022, countries that imported more from Bermuda than Nicaragua included Zambia ($17.5M), Angola ($7.13M), and Tanzania ($5.76M).

In 2022, countries that imported more from Nicaragua than Bermuda included United States ($4.09B), Mexico ($943M), and Honduras ($541M).

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

Comparative Advantage Bermuda - Nicaragua

Flow
Scale

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

During 2020, Bermuda had a large net trade with Nicaragua in the exports of .

During 2017, Nicaragua had a large net trade with Bermuda in the exports of Animal Products ($24.4k), Foodstuffs ($8.43k), and Textiles ($2.91k).

Economic Complexity

Competitive Landscape

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

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

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