2023
Flag  
GDP
$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH
63%CURRENT US$
Rnk 47 / 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 
$84,734CURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP PC GROWTH
48.7%CURRENT US$
Rnk 50 / 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

Singapore-Bermuda Trade: In 2023, Singapore exported $75.1k to Bermuda. The main products that Singapore exported to Bermuda were Cars ($43.8k), Precious Metal Watches ($6.65k), and Delivery Trucks ($5.93k). Over the past 5 years the exports of Singapore to Bermuda have decreased at an annualized rate of 15%, from $169k in 2018 to $75.1k in 2023.

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

Bermuda-Singapore Trade: In 2023, Bermuda exported $15.1k to Singapore. The main products that Bermuda exported to Singapore were Base Metal Watches ($7.7k), Imitation Jewellery ($2.52k), and Sports Equipment ($1.53k). Over the past 5 years the exports of Bermuda to Singapore have decreased at an annualized rate of 37.5%,  from $158k in 2018 to $15.1k in 2023.

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

Comparison In 2023,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.62),  and 24 in total exports ($333B). 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, Singapore exported $75.1k to Bermuda. The main products exported from Singapore to Bermuda were Cars ($43.8k), Precious Metal Watches ($6.65k), and Delivery Trucks ($5.93k). During the last 5 years the exports of Singapore to Bermuda have decreased at an annualized rate of 15%, from $169k in 2018 to $75.1k in 2023.

In 2018, Bermuda exported $15.1k to Singapore. The main products exported from Bermuda to Singapore were Base Metal Watches ($7.7k), Imitation Jewellery ($2.52k), and Sports Equipment ($1.53k). During the last 5 years the exports of Bermuda to Singapore have decreased at an annualized rate of 37.5%, from $158k in 2023 to $15.1k in 2018.

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

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

Market Competitiveness

Color
Singapore
Top Destination
Hong Kong$44.5B
Bermuda
Top Destination
Germany$101M

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

In 2023, countries that imported more from Singapore than Bermuda included Hong Kong ($44.5B), China ($36.7B), and United States ($32.9B).

In 2023, no countries were registered that imported more from Bermuda than from Singapore.

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

Comparative Advantage Singapore - Bermuda

Flow
Scale

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

During 2023, Singapore had a large net trade with Bermuda in the exports of Transportation ($50.6k), Machines ($12k), and Instruments ($9.22k).

During 2018, Bermuda had a large net trade with Singapore in the exports of Instruments ($7.7k), Precious Metals ($2.52k), and Foodstuffs ($2.12k).

Economic Complexity

Competitive Landscape

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

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

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