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2022
Flag → Flag
Exports $1.99MRnk 186 / 218
2022
Flag → Flag
Top Product $313kWine
2022
Flag → Flag
Exports $825kRnk 12 / 89
2022
Flag → Flag
Top Product $658kRubberworking Machinery
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
 GDP$7.55BCURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP GROWTH18.4%CURRENT US$
Rnk 124 / 186
2022
Flag
GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC$118,846CURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP PC GROWTH20.7%CURRENT US$
Rnk 85 / 186

About

Spain-Bermuda Trade: In 2022, Spain exported $1.99M to Bermuda. The main products that Spain exported to Bermuda were Wine ($313k), Unglazed Ceramics ($251k), and Bricks ($234k). Over the past 5 years the exports of Spain to Bermuda have decreased at an annualized rate of 9.98%, from $3.36M in 2017 to $1.99M in 2022.

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

Bermuda-Spain Trade: In 2022, Bermuda exported $825k to Spain. The main products that Bermuda exported to Spain were Rubberworking Machinery ($658k), Railway Cargo Containers ($63.1k), and Transmissions ($32.7k). Over the past 5 years the exports of Bermuda to Spain have increased at an annualized rate of 52.1%,  from $66.5k in 2017 to $825k in 2022.

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

Comparison In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81),  and 20 in total exports ($394B). That same year, Bermuda ranked 199 in total exports ($68.1M), and does not have data regarding Economic Complexity Index.

Latest Trends

August, 2024

About

Overview In August 2024, Spain exported €153k and imported €138k from Bermuda, resulting in a positive trade balance of €15k. Between August 2023 and August 2024 the exports of Spain have decreased by €-202k (-56.8%) from €355k to €153k, while imports increased by €62.4k (82.2%) from €75.9k to €138k.

Trade In August 2024, the top exports of Spain to Bermuda were Unglazed Ceramics (€35.2k), Commodities not elsewhere specified (€24.4k), Wine (€13.6k), Non-Knit Women's Suits (€11.1k), and Non-Knit Men's Suits (€9.13k). In August 2024 the top imports of Spain from Bermuda were Railway Cargo Containers (€7.05k), Cutting Blades (€6.3k), Other Rubber Products (€270), Rubber Sheets (€239), and Brochures (€159).

Origins In August 2024 the exports of Spain were mainly from Vizcaya (€81.2k), Castellón (€28.1k), Guadalajara (€21.8k), Barcelona (€9.81k), and Madrid (€5.53k), while imports destinations were mainly Valencia (€138k), Madrid (€36), and Lleida (€8.34).

Growth In August 2024, the decrease in Spain's year-by-year exports to Bermuda was explained primarily by an decrease in product exports in Wine (€-20.8k or -60.4%), Knit T-shirts (€-2.36k or -56.1%), and Commodities not elsewhere specified (€-920 or -3.63%). In August 2024, the increase in Spain'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 (August 2023 - August 2024)€-202k(-56.8%)
IMPORT GROWTH (August 2023 - August 2024)€62.4k(82.2%)
MAIN EXPORTER (August 2024)Vizcaya€81.2k

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

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

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $1.99M to Bermuda. The main products exported from Spain to Bermuda were Wine ($313k), Unglazed Ceramics ($251k), and Bricks ($234k). During the last 5 years the exports of Spain to Bermuda have decreased at an annualized rate of 9.98%, from $3.36M in 2017 to $1.99M in 2022.

In 2017, Bermuda exported $825k to Spain. The main products exported from Bermuda to Spain were Rubberworking Machinery ($658k), Railway Cargo Containers ($63.1k), and Transmissions ($32.7k). During the last 5 years the exports of Bermuda to Spain have increased at an annualized rate of 52.1%, from $66.5k in 2022 to $825k in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Bermuda
Top DestinationZambia$17.5M

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

In 2022, countries that imported more from Spain than Bermuda included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2022, no countries were registered that imported more from Bermuda than from Spain.

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

Comparative Advantage Spain - Bermuda

Flow
Scale

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

During 2022, Spain had a large net trade with Bermuda in the exports of Stone And Glass ($533k), Textiles ($404k), and Foodstuffs ($326k).

During 2017, Bermuda had a large net trade with Spain in the exports of Machines ($719k), Transportation ($71.8k), and Plastics and Rubbers ($23.6k).

Economic Complexity

Competitive Landscape

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

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

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