2023
Flag  
GDP
$2.02TCURRENT US$
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2013-2023
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GDP GROWTH
-11.8%CURRENT US$
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2023
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 GDP
$8.14BCURRENT US$
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2013-2023
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GDP GROWTH
25.9%CURRENT US$
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2023
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GDP PC 
$13,817CURRENT US$
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2013-2023
Flag
GDP PC GROWTH
-13.3%CURRENT US$
Rnk 170 / 195
2023
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GDP PC
$125,842CURRENT US$
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2013-2023
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GDP PC GROWTH
23.7%CURRENT US$
Rnk 91 / 195

About

Russia-Bermuda Trade: In 2022, Russia exported $4.15k to Bermuda. The main products that Russia exported to Bermuda were N/A. Over the past 5 years the exports of Russia to Bermuda have decreased at an annualized rate of 74.7%, from $4.04M in 2017 to $4.15k in 2022.

In 2020, Russia exported services to Bermuda worth $76M, with Other business services ($39.3M), Transportation ($17.6M), and Financial services ($17.4M) being the largest in terms of value.

Bermuda-Russia Trade: In 2022, Bermuda exported $34.3k to Russia. The main products that Bermuda exported to Russia were N/A. Over the past 5 years the exports of Bermuda to Russia have decreased at an annualized rate of 14.9%,  from $77k in 2017 to $34.3k in 2022.

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

Comparison In 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3),  and 18 in total exports ($394B). 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 2022, Russia exported $4.15k to Bermuda. There were not main exports from Russia to Bermuda in 2022. During the last 5 years the exports of Russia to Bermuda have decreased at an annualized rate of 74.7%, from $4.04M in 2017 to $4.15k in 2022.

In 2016, Bermuda exported $34.3k to Russia. There were not main exports from Bermuda to Russia in 2016. During the last 5 years the exports of Bermuda to Russia have decreased at an annualized rate of 14.9%, from $77k in 2021 to $34.3k in 2016.

Exports from Russia (Flag) to Bermuda (Flag) (2022)

Exports from Bermuda (Flag) to Russia (Flag) (2022)

Market Competitiveness

Color
Russia
Top Destination
China$129B
Bermuda
Top Destination
Germany$101M

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

In 2023, countries that imported more from Russia than Bermuda included China ($129B), India ($66.1B), and Turkey ($31B).

In 2023, countries that imported more from Bermuda than Russia included Bahamas ($319k), Guyana ($198k), and Barbados ($21.8k).

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

Comparative Advantage Russia - Bermuda

Flow
Scale

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

During 2022, Russia had a large net trade with Bermuda in the exports of .

During 2016, Bermuda had a large net trade with Russia in the exports of .

Economic Complexity

Competitive Landscape

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

Product Space of Russia (Flag) and Bermuda (Flag) (2022)

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