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2023
Flag → Flag
Exports $2.54MRnk 192 / 220
2023
Flag → Flag
Top Product $370kCars
2023
Flag → Flag
Exports $422kRnk 11 / 90
2023
Flag → Flag
Top Product $265kRailway Cargo Containers
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH18.9%CURRENT US$
Rnk 143 / 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 $33,509CURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
Flag
GDP PC$125,842CURRENT US$
Rnk 3 / 196
2013-2023
Flag
GDP PC GROWTH23.7%CURRENT US$
Rnk 91 / 195

About

Spain-Bermuda Trade: In 2023, Spain exported $2.54M to Bermuda. The main products that Spain exported to Bermuda were Cars ($370k), Motorcycles and cycles ($356k), and Unglazed Ceramics ($334k). Over the past 5 years the exports of Spain to Bermuda have decreased at an annualized rate of 3.84%, from $3.09M in 2018 to $2.54M in 2023.

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

Bermuda-Spain Trade: In 2023, Bermuda exported $422k to Spain. The main products that Bermuda exported to Spain were Railway Cargo Containers ($265k), Rubber Apparel ($37.2k), and Rubberworking Machinery ($28.3k). Over the past 5 years the exports of Bermuda to Spain have decreased at an annualized rate of 9.46%,  from $694k in 2018 to $422k in 2023.

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

Comparison In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86),  and 16 in total exports ($402B). 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, Spain exported €91.9k and imported €148k from Bermuda, resulting in a negative trade balance of €55.7k. Between December 2023 and December 2024 the exports of Spain have decreased by €-108k (-54.1%) from €200k to €91.9k, while imports increased by €143k (3.29k%) from €4.35k to €148k.

Trade In December 2024, the top exports of Spain to Bermuda were Commodities not elsewhere specified (€24.4k), Wine (€19k), Unglazed Ceramics (€16.4k), Low-voltage Protection Equipment (€8.56k), and Eyewear Frames (€3.93k). In December 2024 the top imports of Spain from Bermuda were Telephones (€2.71M), Railway Cargo Containers (€50.2k), Commodities not elsewhere specified (€1.8k), Scales (€582), and Other Knit Garments (€300).

Origins In December 2024 the exports of Spain were mainly from Castellón (€25.9k), Álava (€21k), Barcelona (€15k), Madrid (€14.2k), and Guadalajara (€12.8k), while imports destinations were mainly Valencia (€146k), Barcelona (€1.42k), and Valladolid (€272).

Growth In December 2024, the decrease in Spain's year-by-year exports to Bermuda was explained primarily by an decrease in product exports in Unglazed Ceramics (€-18.8k or -53.4%), Non-Knit Women's Suits (€-8.23k or -74.2%), and Non-Knit Men's Suits (€-5.21k or -57%). In December 2024, the increase in Spain's year-by-year imports  from Bermuda was explained primarily by an increase in product imports  in Railway Cargo Containers (€43.1k or 612%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)€-108k(-54.1%)
IMPORT GROWTH (December 2023 - December 2024)€143k(3.29k%)
MAIN EXPORTER (December 2024)Castellón€25.9k

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.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $2.54M to Bermuda. The main products exported from Spain to Bermuda were Cars ($370k), Motorcycles and cycles ($356k), and Unglazed Ceramics ($334k). During the last 5 years the exports of Spain to Bermuda have decreased at an annualized rate of 3.84%, from $3.09M in 2018 to $2.54M in 2023.

In 2018, Bermuda exported $422k to Spain. The main products exported from Bermuda to Spain were Railway Cargo Containers ($265k), Rubber Apparel ($37.2k), and Rubberworking Machinery ($28.3k). During the last 5 years the exports of Bermuda to Spain have decreased at an annualized rate of 9.46%, from $694k in 2023 to $422k in 2018.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Bermuda
Top DestinationGermany$101M

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 2023, countries that imported more from Spain than Bermuda included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

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

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

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 2023, Spain had a large net trade with Bermuda in the exports of Transportation ($788k), Textiles ($555k), and Foodstuffs ($438k).

During 2018, Bermuda had a large net trade with Spain in the exports of Transportation ($270k), Machines ($87.2k), and Plastics and Rubbers ($38.5k).

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) (2023)

Keep Exploring

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