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2023
Flag → Flag
Exports $77.1MRnk 181 / 208
2023
Flag → Flag
Top Product $53.6MRailway Cargo Containers
2023
Flag → Flag
Exports $846Rnk 72 / 90
2023
Flag → Flag
Top Product $177Non-Knit Men's Suits
2023
Flag
Economic Complexity (ECI) ECI 1.16Rnk 21 / 132
2023
Flag  
GDP$17.8TCURRENT US$
Rnk 2 / 195
2013-2023
Flag
GDP GROWTH85.9%CURRENT US$
Rnk 22 / 195
2023
Flag
 GDP$8.14BCURRENT US$
Rnk 153 / 195
2013-2023
Flag
GDP GROWTH25.9%CURRENT US$
Rnk 123 / 195
2023
Flag
GDP PC $12,614CURRENT US$
Rnk 80 / 195
2013-2023
Flag
GDP PC GROWTH79.7%CURRENT US$
Rnk 17 / 195
2023
Flag
GDP PC$125,842CURRENT US$
Rnk 3 / 196
2013-2023
Flag
GDP PC GROWTH23.7%CURRENT US$
Rnk 91 / 195

About

China-Bermuda Trade: In 2023, China exported $77.1M to Bermuda. The main products that China exported to Bermuda were Railway Cargo Containers ($53.6M), Buses ($6.01M), and Refined Petroleum ($5.37M). Over the past 5 years the exports of China to Bermuda have decreased at an annualized rate of 14.3%, from $167M in 2018 to $77.1M in 2023.

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

Bermuda-China Trade: In 2023, Bermuda exported $846 to China. The main products that Bermuda exported to China were Non-Knit Men's Suits ($177), Non-Knit Men's Coats ($151), and Trunks and Cases ($118). Over the past 5 years the exports of Bermuda to China have decreased at an annualized rate of 64.3%,  from $146k in 2018 to $846 in 2023.

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

Comparison In 2023,  China ranked 21 in the Economic Complexity Index (ECI 1.16),  and 1 in total exports ($3.42T). That same year, Bermuda ranked 179 in total exports ($254M), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2024

About

Overview In December 2024, China exported $37.1M and imported $322 from Bermuda, resulting in a positive trade balance of $37.1M. Between December 2023 and December 2024 the exports of China have increased by $29.2M (370%) from $7.89M to $37.1M, while imports increased by $272 (544%) from $50 to $322.

Trade In December 2024, the top exports of China to Bermuda were Railway Cargo Containers ($16.1M), Commodities not elsewhere specified ($210k), Plastic Housewares ($149k), Cars ($68k), and Other Agricultural Machinery ($45.2k). In December 2024 the top imports of China from Bermuda were Packaged Medicaments ($24.3k), Non-Knit Women's Coats ($121), Non-Knit Men's Coats ($96), Knit Sweaters ($37), and Commodities not elsewhere specified ($6).

Origins In December 2024 the exports of China were mainly from Zhejiang Province ($17.4M), Shandong Province ($5.73M), Guangdong Province ($5.68M), Tianjin ($4.08M), and Jiangsu Province ($2.67M), while imports destinations were mainly Guangdong Province ($322).

Growth In December 2024, the increase in China's year-by-year exports to Bermuda was explained primarily by an increase in product exports in Railway Cargo Containers ($13.2M or 468%), Plastic Housewares ($149k or 1.86M%), and Commodities not elsewhere specified ($145k or 221%). In December 2024, the increase in China's year-by-year imports  from Bermuda was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$29.2M(370%)
IMPORT GROWTH (December 2023 - December 2024)$272(544%)
MAIN EXPORTER (December 2024)Zhejiang Province$17.4M

This section shows exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of China over time.

To check Bermuda and China trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, China exported $77.1M to Bermuda. The main products exported from China to Bermuda were Railway Cargo Containers ($53.6M), Buses ($6.01M), and Refined Petroleum ($5.37M). During the last 5 years the exports of China to Bermuda have decreased at an annualized rate of 14.3%, from $167M in 2018 to $77.1M in 2023.

In 2018, Bermuda exported $846 to China. The main products exported from Bermuda to China were Non-Knit Men's Suits ($177), Non-Knit Men's Coats ($151), and Trunks and Cases ($118). During the last 5 years the exports of Bermuda to China have decreased at an annualized rate of 64.3%, from $146k in 2023 to $846 in 2018.

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

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

Market Competitiveness

Color
China
Top DestinationUnited States$436B
Bermuda
Top DestinationGermany$101M

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

In 2023, countries that imported more from China than Bermuda included United States ($436B), Hong Kong ($259B), and Japan ($169B).

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

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

Comparative Advantage China - Bermuda

Flow
Scale

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

During 2023, China had a large net trade with Bermuda in the exports of Transportation ($63M), Mineral Products ($5.37M), and Machines ($3.49M).

During 2018, Bermuda had a large net trade with China in the exports of Textiles ($648), Animal Hides ($118), and Chemical Products ($80).

Economic Complexity

Competitive Landscape

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

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

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