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2023
Flag → Flag
Exports $13.3kRnk 44 / 90
2023
Flag → Flag
Top Product $10.1kHard Liquor
2023
Flag → Flag
Exports $3.31MRnk 188 / 216
2023
Flag → Flag
Top Product $603kEngine Parts
2023
Flag
Economic Complexity (ECI) ECI 0.62Rnk 41 / 132
2023
Flag  
GDP$8.14BCURRENT US$
Rnk 153 / 195
2013-2023
Flag
GDP GROWTH25.9%CURRENT US$
Rnk 123 / 195
2023
Flag
 GDP$1.12TCURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP GROWTH16.8%CURRENT US$
Rnk 149 / 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$13,106CURRENT US$
Rnk 77 / 196
2013-2023
Flag
GDP PC GROWTH4.19%CURRENT US$
Rnk 147 / 195

About

Bermuda-Turkey Trade: In 2023, Bermuda exported $13.3k to Turkey. The main products that Bermuda exported to Turkey were Hard Liquor ($10.1k), Railway Cargo Containers ($1.7k), and Non-Knit Women's Coats ($946). Over the past 5 years the exports of Bermuda to Turkey have decreased at an annualized rate of 3.6%, from $15.9k in 2018 to $13.3k in 2023.

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

Turkey-Bermuda Trade: In 2023, Turkey exported $3.31M to Bermuda. The main products that Turkey exported to Bermuda were Engine Parts ($603k), Cars ($594k), and Centrifuges ($338k). Over the past 5 years the exports of Turkey to Bermuda have increased at an annualized rate of 19.5%,  from $1.36M in 2018 to $3.31M in 2023.

In 2023, Turkey 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bermuda exported $13.3k to Turkey. The main products exported from Bermuda to Turkey were Hard Liquor ($10.1k), Railway Cargo Containers ($1.7k), and Non-Knit Women's Coats ($946). During the last 5 years the exports of Bermuda to Turkey have decreased at an annualized rate of 3.6%, from $15.9k in 2018 to $13.3k in 2023.

In 2018, Turkey exported $3.31M to Bermuda. The main products exported from Turkey to Bermuda were Engine Parts ($603k), Cars ($594k), and Centrifuges ($338k). During the last 5 years the exports of Turkey to Bermuda have increased at an annualized rate of 19.5%, from $1.36M in 2023 to $3.31M in 2018.

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

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

Latest Data

Trade between Bermuda (Flag) and Turkey (Flag)

Turkey Exports

Market Competitiveness

Color
Bermuda
Top DestinationGermany$101M
Turkey
Top DestinationGermany$24.7B

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

In 2023, no countries were registered that imported more from Bermuda than from Turkey.

In 2023, countries that imported more from Turkey than Bermuda included Germany ($24.7B), United States ($15.9B), and United Kingdom ($15.1B).

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

Comparative Advantage Bermuda - Turkey

Flow
Scale

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

During 2023, Bermuda had a large net trade with Turkey in the exports of Foodstuffs ($10.1k), Transportation ($1.7k), and Textiles ($1.27k).

During 2018, Turkey had a large net trade with Bermuda in the exports of Machines ($1.27M), Transportation ($687k), and Metals ($374k).

Economic Complexity

Competitive Landscape

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

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

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