2023
Flag  
GDP
$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH
54%CURRENT US$
Rnk 67 / 195
2023
Flag
 GDP
$8.14BCURRENT US$
Rnk 153 / 195
2013-2023
Flag
GDP GROWTH
25.9%CURRENT US$
Rnk 123 / 195
2023
Flag
GDP PC 
$3,805CURRENT US$
Rnk 133 / 195
2013-2023
Flag
GDP PC GROWTH
36.8%CURRENT US$
Rnk 65 / 195
2023
Flag
GDP PC
$125,842CURRENT US$
Rnk 3 / 196
2013-2023
Flag
GDP PC GROWTH
23.7%CURRENT US$
Rnk 91 / 195

About

Philippines-Bermuda Trade: In 2023, Philippines exported $26.8k to Bermuda. The main products that Philippines exported to Bermuda were Other Furniture ($25.5k) and Non-Knit Women's Suits ($1.25k). Over the past 5 years the exports of Philippines to Bermuda have decreased at an annualized rate of 30.4%, from $164k in 2018 to $26.8k in 2023.

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

Bermuda-Philippines Trade: In 2023, Bermuda exported $1.17k to Philippines. The main products that Bermuda exported to Philippines were Computers ($424), Textile Footwear ($329), and Precious Metal Watches ($238). Over the past 5 years the exports of Bermuda to Philippines have decreased at an annualized rate of 41.4%,  from $16.9k in 2018 to $1.17k in 2023.

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

Comparison In 2023,  Philippines ranked 40 in the Economic Complexity Index (ECI 0.64),  and 42 in total exports ($101B). That same year, Bermuda ranked 179 in total exports ($254M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Philippines exported $26.8k to Bermuda. The main products exported from Philippines to Bermuda were Other Furniture ($25.5k) and Non-Knit Women's Suits ($1.25k). During the last 5 years the exports of Philippines to Bermuda have decreased at an annualized rate of 30.4%, from $164k in 2018 to $26.8k in 2023.

In 2018, Bermuda exported $1.17k to Philippines. The main products exported from Bermuda to Philippines were Computers ($424), Textile Footwear ($329), and Precious Metal Watches ($238). During the last 5 years the exports of Bermuda to Philippines have decreased at an annualized rate of 41.4%, from $16.9k in 2023 to $1.17k in 2018.

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

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

Market Competitiveness

Color
Philippines
Top Destination
China$19B
Bermuda
Top Destination
Germany$101M

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

In 2023, countries that imported more from Philippines than Bermuda included China ($19B), United States ($13.3B), and Hong Kong ($11.7B).

In 2023, countries that imported more from Bermuda than Philippines included Angola ($4.49M), Zambia ($1.45M), and Mauritania ($182k).

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

Comparative Advantage Philippines - Bermuda

Flow
Scale

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

During 2023, Philippines had a large net trade with Bermuda in the exports of Miscellaneous ($25.5k) and Textiles ($1.25k).

During 2018, Bermuda had a large net trade with Philippines in the exports of Machines ($424), Footwear and Headwear ($329), and Instruments ($238).

Economic Complexity

Competitive Landscape

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

Product Space of Philippines (Flag) and Bermuda (Flag) (2023)

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