2022
Flag  
GDP
$7.55BCURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP GROWTH
18.4%CURRENT US$
Rnk 124 / 186
2022
Flag
 GDP
$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH
6.06%CURRENT US$
Rnk 151 / 186
2022
Flag
GDP PC 
$118,846CURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP PC GROWTH
20.7%CURRENT US$
Rnk 85 / 186
2022
Flag
GDP PC
$55,873CURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP PC GROWTH
-3.73%CURRENT US$
Rnk 149 / 186

About

Bermuda-Sweden Trade: In 2022, Bermuda exported $28.2k to Sweden. The main products that Bermuda exported to Sweden were Oscilloscopes ($7.34k), Computers ($5.6k), and Other Furniture ($3.55k). Over the past 5 years the exports of Bermuda to Sweden have decreased at an annualized rate of 35.7%, from $258k in 2017 to $28.2k in 2022.

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

Sweden-Bermuda Trade: In 2022, Sweden exported $397k to Bermuda. The main products that Sweden exported to Bermuda were Hard Liquor ($59.5k), Centrifuges ($38.8k), and Cleaning Products ($27k). Over the past 5 years the exports of Sweden to Bermuda have decreased at an annualized rate of 11.7%,  from $1.76M in 2017 to $397k in 2022.

In 2022, Sweden 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, Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bermuda exported $28.2k to Sweden. The main products exported from Bermuda to Sweden were Oscilloscopes ($7.34k), Computers ($5.6k), and Other Furniture ($3.55k). During the last 5 years the exports of Bermuda to Sweden have decreased at an annualized rate of 35.7%, from $258k in 2017 to $28.2k in 2022.

In 2017, Sweden exported $397k to Bermuda. The main products exported from Sweden to Bermuda were Hard Liquor ($59.5k), Centrifuges ($38.8k), and Cleaning Products ($27k). During the last 5 years the exports of Sweden to Bermuda have decreased at an annualized rate of 11.7%, from $1.76M in 2022 to $397k in 2017.

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

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

Latest Data

Trade between Bermuda (Flag) and Sweden (Flag)

Bermuda Exports

Sweden Exports

Market Competitiveness

Color
Bermuda
Top Destination
Zambia$17.5M
Sweden
Top Destination
Germany$19.2B

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

In 2022, countries that imported more from Bermuda than Sweden included Zambia ($17.5M).

In 2022, countries that imported more from Sweden than Bermuda included Germany ($19.2B), Norway ($18.7B), and United States ($17.8B).

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

Comparative Advantage Bermuda - Sweden

Flow
Scale

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

During 2022, Bermuda had a large net trade with Sweden in the exports of Instruments ($10.7k), Machines ($9.57k), and Miscellaneous ($3.55k).

During 2017, Sweden had a large net trade with Bermuda in the exports of Machines ($126k), Foodstuffs ($77.9k), and Textiles ($60.9k).

Economic Complexity

Competitive Landscape

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

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

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