Bermuda (BMU) and Portugal (PRT) Trade | The Observatory of Economic Complexity

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Bermuda-Portugal Trade: In 2022, Bermuda exported $87.4k to Portugal. The main products that Bermuda exported to Portugal were Recreational Boats ($51.6k), Used Clothing ($14.1k), and Ornamental Ceramics ($6.56k). Over the past 5 years the exports of Bermuda to Portugal have increased at an annualized rate of 78.2%, from $4.86k in 2017 to $87.4k in 2022.

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

Portugal-Bermuda Trade: In 2022, Portugal exported $1.36M to Bermuda. The main products that Portugal exported to Bermuda were Beer ($398k), Wine ($218k), and Water ($125k). Over the past 5 years the exports of Portugal to Bermuda have decreased at an annualized rate of 0.2%, from $1.37M in 2017 to $1.36M in 2022.

In 2022, Portugal 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bermuda exported $87.4k to Portugal. The main products exported from Bermuda to Portugal were Recreational Boats ($51.6k), Used Clothing ($14.1k), and Ornamental Ceramics ($6.56k). During the last 5 years the exports of Bermuda to Portugal have increased at an annualized rate of 78.2%, from $4.86k in 2017 to $87.4k in 2022.

In 2017, Portugal exported $1.36M to Bermuda. The main products exported from Portugal to Bermuda were Beer ($398k), Wine ($218k), and Water ($125k). During the last 5 years the exports of Portugal to Bermuda have decreased at an annualized rate of 0.2%, from $1.37M in 2022 to $1.36M in 2017.

Exports from Bermuda () to Portugal () (2022)

Exports from Portugal () to Bermuda () (2022)

Latest Data

Trade between Bermuda () and Portugal ()

Bermuda Exports

Date

Portugal Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bermuda
Top DestinationZambia$17.5M

Portugal
Top DestinationSpain$20.5B

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

In 2022, countries that imported more from Portugal than Bermuda included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

Difference in imports from Portugal () and Bermuda () (2022)

Comparative Advantage Bermuda - Portugal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bermuda had a large net trade with Portugal in the exports of Transportation ($51.9k), Textiles ($16.1k), and Stone And Glass ($6.57k).

During 2017, Portugal had a large net trade with Bermuda in the exports of Foodstuffs ($827k), Paper Goods ($133k), and Metals ($108k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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.

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Historical Data

Bilateral Trade by Products

Exports from Bermuda () to Portugal () (2022)

Exports from Portugal () to Bermuda () (2022)

Latest Data

Trade between Bermuda () and Portugal ()

Bermuda Exports

Portugal Exports

Market Competitiveness

Difference in imports from Portugal () and Bermuda () (2022)

Comparative Advantage Bermuda - Portugal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bermuda () and Portugal () (2022)

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