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2022
Flag → Flag
Exports $1.6kRnk 64 / 89
2022
Flag → Flag
Top Product $514Computers
2022
Flag → Flag
Exports $121kRnk 171 / 205
2022
Flag → Flag
Top Product $68.5kElectric Batteries
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag  
GDP$7.55BCURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP GROWTH18.4%CURRENT US$
Rnk 124 / 186
2022
Flag
 GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 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$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186

About

Bermuda-Philippines Trade: In 2022, Bermuda exported $1.6k to Philippines. The main products that Bermuda exported to Philippines were Computers ($514), Imitation Jewellery ($465), and Other Measuring Instruments ($259). Over the past 6 years the exports of Bermuda to Philippines have increased at an annualized rate of 75.3%, from $55 in 2016 to $1.6k in 2022.

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

Philippines-Bermuda Trade: In 2022, Philippines exported $121k to Bermuda. The main products that Philippines exported to Bermuda were Electric Batteries ($68.5k), Electrical Transformers ($22.5k), and Electrical Control Boards ($10.4k). Over the past 6 years the exports of Philippines to Bermuda have increased at an annualized rate of 7.2%,  from $85.4k in 2016 to $121k in 2022.

In 2022, Philippines 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, Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bermuda exported $1.6k to Philippines. The main products exported from Bermuda to Philippines were Computers ($514), Imitation Jewellery ($465), and Other Measuring Instruments ($259). During the last 6 years the exports of Bermuda to Philippines have increased at an annualized rate of 75.3%, from $55 in 2016 to $1.6k in 2022.

In 2017, Philippines exported $121k to Bermuda. The main products exported from Philippines to Bermuda were Electric Batteries ($68.5k), Electrical Transformers ($22.5k), and Electrical Control Boards ($10.4k). During the last 5 years the exports of Philippines to Bermuda have increased at an annualized rate of 7.2%, from $85.4k in 2022 to $121k in 2017.

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

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

Latest Data

Trade between Bermuda (Flag) and Philippines (Flag)

Philippines Exports

Market Competitiveness

Color
Bermuda
Top DestinationZambia$17.5M
Philippines
Top DestinationUnited States$15.5B

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

In 2022, countries that imported more from Bermuda than Philippines included Zambia ($17.5M), Angola ($7.13M), and Zimbabwe ($4.06M).

In 2022, countries that imported more from Philippines than Bermuda included United States ($15.5B), China ($15.3B), and Hong Kong ($12.6B).

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

Comparative Advantage Bermuda - Philippines

Flow
Scale

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

During 2022, Bermuda had a large net trade with Philippines in the exports of Machines ($514), Precious Metals ($465), and Instruments ($259).

During 2017, Philippines had a large net trade with Bermuda in the exports of Machines ($104k), Textiles ($10.8k), and Vegetable Products ($3.47k).

Economic Complexity

Competitive Landscape

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

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

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