Portugal (PRT) and Bermuda (BMU) Trade | The Observatory of Economic Complexity

About

Portugal-Bermuda In 2022, Portugal exported $1.36M to Bermuda. The main products that Portugal exported to Bermuda are Beer ($398k), Wine ($218k), and Water ($125k). During the last 27 years the exports of Portugal to Bermuda have increased at an annualized rate of 3.92%, from $480k in 1995 to $1.36M in 2022.

In 2022, Portugal did not export any services to Bermuda.

Bermuda-Portugal In 2022, Bermuda exported $87.4k to Portugal. The main products that Bermuda exported to Portugal were Recreational Boats ($51.6k), Used Clothing ($14.1k), and Ornamental Ceramics ($6.56k). During the last 27 years the exports of Bermuda to Portugal have increased at an annualized rate of 10.3%, from $6.17k in 1995 to $87.4k in 2022.

In 2022, Bermuda did not export any services to Portugal.

Comparison In 2022, Portugal ranked 40 in the Economic Complexity Index (ECI 0.58), and 48 in total exports ($81.7B). That same year, Bermuda ranked 199 in total exports ($68.1M), and does not have data regarding Economic Complexity Index.

Latest Trends

January, 2024

About

Overview In January 2024, Portugal exported €80.2k and imported €501 from Bermuda, resulting in a positive trade balance of €79.7k. Between January 2023 and January 2024 the exports of Portugal have increased by €16.8k (26.5%) from €63.4k to €80.2k, while imports decreased by €-8.2k (-94.2%) from €8.7k to €501.

Trade In January 2024, the top exports of Portugal to Bermuda were Beverages, spirits, & vinegar (€62.9k), Miscellaneous edible preparations (€270), Books, newspapers, & other prints (€98), Knitted clothing accesories (€95), and Ceramic products (€27). In January 2024 the top imports of Portugal from Bermuda were Iron & steel (€8.61k), Books, newspapers, & other prints (€86), Live animals (€0), Meat & edible offal (€0), and Fish, crustaceans, & molluscs (€0).

Growth In January 2024, the increase in Portugal's year-by-year exports to Bermuda was explained primarily by an increase in product exports in Beverages, spirits, & vinegar (€55.6k or 766%). In January 2024, the decrease in Portugal's year-by-year imports from Bermuda was explained primarily by an decrease in product imports in Mineral fuels, mineral oils and products... (€-74 or -100%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€16.8k(26.5%)

IMPORT GROWTH (January 2023 - January 2024)€-8.2k(-94.2%)

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

To check Bermuda and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Bermuda and Portugal Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Portugal exported $1.36M to Bermuda. The main products exported from Portugal to Bermuda were Beer ($398k), Wine ($218k), and Water ($125k). During the last 27 years the exports of Portugal to Bermuda have increased at an annualized rate of 3.92%, from $480k in 1995 to $1.36M in 2022.

In 2022, Bermuda exported $87.4k to Portugal. The main products exported from Bermuda to Portugal were Recreational Boats ($51.6k), Used Clothing ($14.1k), and Ornamental Ceramics ($6.56k). During the last 27 years the exports of Bermuda to Portugal have increased at an annualized rate of 10.3%, from $6.17k in 1995 to $87.4k in 2022.

Exports from Portugal () to Bermuda () (2022)

Exports from Bermuda () to Portugal () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Portugal
Top DestinationSpain$20.5B

Bermuda
Top DestinationZambia$17.5M

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

In 2021, countries that imported more from Portugal than Bermuda were Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

In 2021, countries that imported more from Bermuda than Portugal were Zambia ($17.5M) and Tanzania ($5.76M).

Difference in imports from Bermuda () and Portugal () (2022)

Comparative Advantage Portugal - Bermuda

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Portugal had a large net trade with Bermuda in the exports of Foodstuffs ($827k), Paper Goods ($133k), and Metals ($108k).

During 2022, Bermuda had a large net trade with Portugal in the exports of Transportation ($51.9k), Textiles ($16.1k), and Stone And Glass ($6.57k).

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Portugal has comparative advantage over Bermuda. Similarly, the more yellow a dot/product is, the more Bermuda has comparative advantage over Portugal.

About

Latest Trends

About

Latest Trade

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Historical Data

Bilateral Trade by Products

Exports from Portugal () to Bermuda () (2022)

Exports from Bermuda () to Portugal () (2022)

Market Competitiveness

Difference in imports from Bermuda () and Portugal () (2022)

Comparative Advantage Portugal - Bermuda

Economic Complexity

Competitive Landscape

Product Space of Portugal () and Bermuda () (2022)

Keep Exploring