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Pricing

2022
Flag → Flag
Exports $49.2MRnk 125 / 224
2022
Flag → Flag
Top Product $12.7MPackaged Medicaments
2022
Flag → Flag
Exports $1.89MRnk 9 / 89
2022
Flag → Flag
Top Product $1.04MHard Liquor
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 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 $45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186
2022
Flag
GDP PC$118,846CURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP PC GROWTH20.7%CURRENT US$
Rnk 85 / 186

About

United Kingdom-Bermuda Trade: In 2022, United Kingdom exported $49.2M to Bermuda. The main products that United Kingdom exported to Bermuda were Packaged Medicaments ($12.7M), Documents of title (bonds etc) and unused stamps ($2.44M), and Sauces and Seasonings ($2.43M). Over the past 5 years the exports of United Kingdom to Bermuda have decreased at an annualized rate of 0.27%, from $49.8M in 2017 to $49.2M in 2022.

In 2022, United Kingdom did not export any services to Bermuda.

Bermuda-United Kingdom Trade: In 2022, Bermuda exported $1.89M to United Kingdom. The main products that Bermuda exported to United Kingdom were Hard Liquor ($1.04M), Other Furniture ($247k), and Computers ($100k). Over the past 5 years the exports of Bermuda to United Kingdom have decreased at an annualized rate of 4.2%,  from $2.34M in 2017 to $1.89M in 2022.

In 2022, Bermuda did not export any services to United Kingdom.

Comparison In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42),  and 14 in total exports ($469B). 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, United Kingdom exported £3.1M and imported £244k from Bermuda, resulting in a positive trade balance of £2.85M. Between August 2023 and August 2024 the exports of United Kingdom have increased by £182k (6.25%) from £2.92M to £3.1M, while imports increased by £166k (211%) from £78.6k to £244k.

Trade In August 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 August 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 August 2024 the exports of United Kingdom were mainly from London Heathrow Airport (£1.55M), Liverpool (£594k), Manchester Airport (£344k), Southampton (£220k), and East Midlands Airport (£143k), while imports destinations were mainly Aberdeen Airport (£22.3k), Southampton (£8.76k), and London Stansted Airport (£7.1k).

Growth In August 2024, the increase in United Kingdom's year-by-year exports to Bermuda was explained primarily by an increase in product exports in Packaged Medicaments (£347k or 56.3%), Wine (£89.9k or 606%), and Poultry Meat (£56.1k or 187%). In August 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 (August 2023 - August 2024)£182k(6.25%)
IMPORT GROWTH (August 2023 - August 2024)£166k(211%)
MAIN EXPORTER (August 2024)London Heathrow Airport£1.55M

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.

Explore Bermuda and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $49.2M to Bermuda. The main products exported from United Kingdom to Bermuda were Packaged Medicaments ($12.7M), Documents of title (bonds etc) and unused stamps ($2.44M), and Sauces and Seasonings ($2.43M). During the last 5 years the exports of United Kingdom to Bermuda have decreased at an annualized rate of 0.27%, from $49.8M in 2017 to $49.2M in 2022.

In 2017, Bermuda exported $1.89M to United Kingdom. The main products exported from Bermuda to United Kingdom were Hard Liquor ($1.04M), Other Furniture ($247k), and Computers ($100k). During the last 5 years the exports of Bermuda to United Kingdom have decreased at an annualized rate of 4.2%, from $2.34M in 2022 to $1.89M in 2017.

Exports from United Kingdom (Flag) to Bermuda (Flag) (2022)

Exports from Bermuda (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationN/AN/A
Bermuda
Top DestinationN/AN/A

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.

N/A

N/A

Difference in imports from Bermuda (Flag) and United Kingdom (Flag) (2022)

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 2022, United Kingdom had a large net trade with Bermuda in the exports of Chemical Products ($15.7M), Foodstuffs ($8.76M), and Machines ($5.5M).

During 2017, Bermuda had a large net trade with United Kingdom in the exports of Foodstuffs ($1.08M), Miscellaneous ($257k), and Machines ($205k).

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) (2022)

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