NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $89.3kRnk 23 / 90
2023
Flag → Flag
Top Product $47.5kEngine Parts
2023
Flag → Flag
Exports $1.69MRnk 159 / 211
2023
Flag → Flag
Top Product $530kBeer
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag  
GDP$8.14BCURRENT US$
Rnk 153 / 195
2013-2023
Flag
GDP GROWTH25.9%CURRENT US$
Rnk 123 / 195
2023
Flag
 GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 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$27,331CURRENT US$
Rnk 50 / 196
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195

About

Bermuda-Portugal Trade: In 2023, Bermuda exported $89.3k to Portugal. The main products that Bermuda exported to Portugal were Engine Parts ($47.5k), Used Clothing ($15.9k), and Scrap Iron ($9.31k). Over the past 5 years the exports of Bermuda to Portugal have decreased at an annualized rate of 20.5%, from $282k in 2018 to $89.3k in 2023.

In 2023, Bermuda did not export any services to Portugal.

Portugal-Bermuda Trade: In 2023, Portugal exported $1.69M to Bermuda. The main products that Portugal exported to Bermuda were Beer ($530k), Aluminium Structures ($217k), and Wine ($182k). Over the past 5 years the exports of Portugal to Bermuda have decreased at an annualized rate of 8.74%,  from $2.67M in 2018 to $1.69M in 2023.

In 2023, Portugal 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bermuda exported $89.3k to Portugal. The main products exported from Bermuda to Portugal were Engine Parts ($47.5k), Used Clothing ($15.9k), and Scrap Iron ($9.31k). During the last 5 years the exports of Bermuda to Portugal have decreased at an annualized rate of 20.5%, from $282k in 2018 to $89.3k in 2023.

In 2018, Portugal exported $1.69M to Bermuda. The main products exported from Portugal to Bermuda were Beer ($530k), Aluminium Structures ($217k), and Wine ($182k). During the last 5 years the exports of Portugal to Bermuda have decreased at an annualized rate of 8.74%, from $2.67M in 2023 to $1.69M in 2018.

Exports from Bermuda (Flag) to Portugal (Flag) (2023)

Exports from Portugal (Flag) to Bermuda (Flag) (2023)

Latest Data

Trade between Bermuda (Flag) and Portugal (Flag)

Bermuda Exports

Portugal Exports

Market Competitiveness

Color
Bermuda
Top DestinationGermany$101M
Portugal
Top DestinationSpain$17.7B

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

In 2023, countries that imported more from Bermuda than Portugal included Montserrat ($12.7k).

In 2023, countries that imported more from Portugal than Bermuda included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

Difference in imports from Portugal (Flag) and Bermuda (Flag) (2023)

Comparative Advantage Bermuda - Portugal

Flow
Scale

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

During 2023, Bermuda had a large net trade with Portugal in the exports of Machines ($47.7k), Textiles ($16.8k), and Metals ($10.4k).

During 2018, Portugal had a large net trade with Bermuda in the exports of Foodstuffs ($967k), Metals ($237k), and Textiles ($184k).

Economic Complexity

Competitive Landscape

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

Product Space of Bermuda (Flag) and Portugal (Flag) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms