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2023
Flag → Flag
Exports $77.3MRnk 117 / 223
2023
Flag → Flag
Top Product $24.2MCollector's Items
2023
Flag → Flag
Exports $684kRnk 10 / 90
2023
Flag → Flag
Top Product $332kHard Liquor
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag  
GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 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 $49,464CURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195
2023
Flag
GDP PC$125,842CURRENT US$
Rnk 3 / 196
2013-2023
Flag
GDP PC GROWTH23.7%CURRENT US$
Rnk 91 / 195

About

United Kingdom-Bermuda Trade: In 2023, United Kingdom exported $77.3M to Bermuda. The main products that United Kingdom exported to Bermuda were Collector's Items ($24.2M), Packaged Medicaments ($16.6M), and Cars ($6.85M). Over the past 5 years the exports of United Kingdom to Bermuda have increased at an annualized rate of 9.6%, from $48.9M in 2018 to $77.3M in 2023.

In 2023, United Kingdom did not export any services to Bermuda.

Bermuda-United Kingdom Trade: In 2023, Bermuda exported $684k to United Kingdom. The main products that Bermuda exported to United Kingdom were Hard Liquor ($332k), Other Furniture ($73.9k), and Used Clothing ($65.2k). Over the past 5 years the exports of Bermuda to United Kingdom have decreased at an annualized rate of 20.4%,  from $2.15M in 2018 to $684k in 2023.

In 2023, Bermuda did not export any services to United Kingdom.

Comparison In 2023,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5),  and 14 in total exports ($429B). That same year, Bermuda ranked 179 in total exports ($254M), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, United Kingdom exported £3.27M and imported £241k from Bermuda, resulting in a positive trade balance of £3.03M. Between November 2023 and November 2024 the exports of United Kingdom have decreased by £-4M (-55.1%) from £7.27M to £3.27M, while imports increased by £193k (409%) from £47.2k to £241k.

Trade In November 2024, the top exports of United Kingdom to Bermuda were Packaged Medicaments (£962k), High-voltage Protection Equipment (£202k), Sauces and Seasonings (£136k), Wine (£105k), and Motor vehicles; parts and accessories (8701... (£88.9k). In November 2024 the top imports of United Kingdom from Bermuda were Commodities not elsewhere specified (£35.9k), Used Clothing (£9.41k), Telephones (£4.03k), and Computers (£1.25k).

Origins In November 2024 the exports of United Kingdom were mainly from London Heathrow Airport (£1.28M), Liverpool (£885k), Manchester Airport (£346k), East Midlands Airport (£204k), and London Stansted Airport (£170k), while imports destinations were mainly London Heathrow Airport (£109k), East Midlands Airport (£14.4k), and London Stansted Airport (£4.42k).

Growth In November 2024, the decrease in United Kingdom's year-by-year exports to Bermuda was explained primarily by an decrease in product exports in Vaccines, blood, antisera, toxins and cultures (£-616k or -93.3%), Laboratory Reagents (£-283k or -98.6%), and Motor vehicles; parts and accessories (8701... (£-271k or -75.3%). In November 2024, the increase in United Kingdom's year-by-year imports  from Bermuda was explained primarily by an increase in product imports  in Used Clothing (£7.62k or 426%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)£-4M(-55.1%)
IMPORT GROWTH (November 2023 - November 2024)£193k(409%)
MAIN EXPORTER (November 2024)London Heathrow Airport£1.28M

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

To check Bermuda and United Kingdom 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 2023, United Kingdom exported $77.3M to Bermuda. The main products exported from United Kingdom to Bermuda were Collector's Items ($24.2M), Packaged Medicaments ($16.6M), and Cars ($6.85M). During the last 5 years the exports of United Kingdom to Bermuda have increased at an annualized rate of 9.6%, from $48.9M in 2018 to $77.3M in 2023.

In 2018, Bermuda exported $684k to United Kingdom. The main products exported from Bermuda to United Kingdom were Hard Liquor ($332k), Other Furniture ($73.9k), and Used Clothing ($65.2k). During the last 5 years the exports of Bermuda to United Kingdom have decreased at an annualized rate of 20.4%, from $2.15M in 2023 to $684k in 2018.

Exports from United Kingdom (Flag) to Bermuda (Flag) (2023)

Exports from Bermuda (Flag) to United Kingdom (Flag) (2023)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$59.7B
Bermuda
Top DestinationGermany$101M

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

In 2023, countries that imported more from United Kingdom than Bermuda included United States ($59.7B), China ($35.3B), and Germany ($34.6B).

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

Difference in imports from Bermuda (Flag) and United Kingdom (Flag) (2023)

Comparative Advantage United Kingdom - Bermuda

Flow
Scale

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

During 2023, United Kingdom had a large net trade with Bermuda in the exports of Arts and Antiques ($29.7M), Chemical Products ($19.5M), and Transportation ($8.34M).

During 2018, Bermuda had a large net trade with United Kingdom in the exports of Foodstuffs ($332k), Textiles ($75.3k), and Miscellaneous ($73.9k).

Economic Complexity

Competitive Landscape

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

Product Space of United Kingdom (Flag) and Bermuda (Flag) (2023)

Keep Exploring

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