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2022
Flag → Flag
Exports $302MRnk 83 / 220
2022
Flag → Flag
Top Product $296MPassenger and Cargo Ships
2022
Flag → Flag
Exports $4.88kRnk 59 / 89
2022
Flag → Flag
Top Product $2.5kEngine Parts
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
Flag  
GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH30.3%CURRENT US$
Rnk 100 / 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 $32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
Flag
GDP PC$118,846CURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP PC GROWTH20.7%CURRENT US$
Rnk 85 / 186

About

South Korea-Bermuda Trade: In 2022, South Korea exported $302M to Bermuda. The main products that South Korea exported to Bermuda were Passenger and Cargo Ships ($296M), Cars ($6.15M), and Electric Batteries ($125k). Over the past 5 years the exports of South Korea to Bermuda have decreased at an annualized rate of 18.7%, from $852M in 2017 to $302M in 2022.

In 2022, South Korea did not export any services to Bermuda.

Bermuda-South Korea Trade: In 2022, Bermuda exported $4.88k to South Korea. The main products that Bermuda exported to South Korea were Engine Parts ($2.5k), Telephones ($940), and Electric Motors ($429). Over the past 5 years the exports of Bermuda to South Korea have increased at an annualized rate of 3.12%,  from $4.19k in 2017 to $4.88k in 2022.

In 2022, Bermuda did not export any services to South Korea.

Comparison In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78),  and 5 in total exports ($705B). That same year, Bermuda ranked 199 in total exports ($68.1M), and does not have data regarding Economic Complexity Index.

Latest Trends

September, 2024

About

Overview In September 2024, South Korea exported $210M and imported $0 from Bermuda, resulting in a positive trade balance of $210M. Between September 2023 and September 2024 the exports of South Korea have increased by $210M (253k%) from $83k to $210M, while imports remained the same by $0 (N/A%) from $0 to $0.

Trade In September 2024, the top exports of South Korea to Bermuda were Cars, tractors, trucks & parts thereof. ($213k), Plastics & articles thereof ($0), Footwear ($0), Machinery, mechanical appliances, & parts ($0), and Electrical machinery and electronics ($0). In September 2024 the top imports of South Korea from Bermuda were Plastics & articles thereof ($0), Footwear ($0), Machinery, mechanical appliances, & parts ($0), Electrical machinery and electronics ($0), and Cars, tractors, trucks & parts thereof. ($0).

Growth In September 2024, the increase in South Korea's year-by-year exports to Bermuda was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. ($80k or 60.2%). In September 2024, the change in South Korea's year-by-year imports  from Bermuda was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)$210M(253k%)
IMPORT GROWTH (September 2023 - September 2024)$0(N/A%)

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

To check Bermuda and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Bermuda and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $302M to Bermuda. The main products exported from South Korea to Bermuda were Passenger and Cargo Ships ($296M), Cars ($6.15M), and Electric Batteries ($125k). During the last 5 years the exports of South Korea to Bermuda have decreased at an annualized rate of 18.7%, from $852M in 2017 to $302M in 2022.

In 2017, Bermuda exported $4.88k to South Korea. The main products exported from Bermuda to South Korea were Engine Parts ($2.5k), Telephones ($940), and Electric Motors ($429). During the last 5 years the exports of Bermuda to South Korea have increased at an annualized rate of 3.12%, from $4.19k in 2022 to $4.88k in 2017.

Exports from South Korea (Flag) to Bermuda (Flag) (2022)

Exports from Bermuda (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Bermuda
Top DestinationZambia$17.5M

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

In 2022, countries that imported more from South Korea than Bermuda included China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2022, countries that imported more from Bermuda than South Korea included Zambia ($17.5M).

Difference in imports from Bermuda (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Bermuda

Flow
Scale

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

During 2022, South Korea had a large net trade with Bermuda in the exports of Transportation ($302M), Machines ($223k), and Chemical Products ($88.2k).

During 2017, Bermuda had a large net trade with South Korea in the exports of Machines ($4.22k), Chemical Products ($268), and Foodstuffs ($129).

Economic Complexity

Competitive Landscape

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

Product Space of South Korea (Flag) and Bermuda (Flag) (2022)

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