2022
Flag  
GDP
$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH
58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
 GDP
$7.55BCURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP GROWTH
18.4%CURRENT US$
Rnk 124 / 186
2022
Flag
GDP PC 
$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH
49.1%CURRENT US$
Rnk 37 / 186
2022
Flag
GDP PC
$118,846CURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP PC GROWTH
20.7%CURRENT US$
Rnk 85 / 186

About

Singapore-Bermuda Trade: In 2022, Singapore exported $182k to Bermuda. The main products that Singapore exported to Bermuda were Cars ($36.3k), Other Processed Fruits and Nuts ($23.4k), and Sauces and Seasonings ($13.8k). Over the past 5 years the exports of Singapore to Bermuda have decreased at an annualized rate of 9.67%, from $302k in 2017 to $182k in 2022.

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

Bermuda-Singapore Trade: In 2022, Bermuda exported $9.49k to Singapore. The main products that Bermuda exported to Singapore were Railway Cargo Containers ($3.82k), Textiles for technical uses ($1.68k), and Excavation Machinery ($1.01k). Over the past 5 years the exports of Bermuda to Singapore have decreased at an annualized rate of 25.4%,  from $41.1k in 2017 to $9.49k in 2022.

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

Comparison In 2022,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.68),  and 21 in total exports ($379B). That same year, Bermuda ranked 199 in total exports ($68.1M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Singapore exported $182k to Bermuda. The main products exported from Singapore to Bermuda were Cars ($36.3k), Other Processed Fruits and Nuts ($23.4k), and Sauces and Seasonings ($13.8k). During the last 5 years the exports of Singapore to Bermuda have decreased at an annualized rate of 9.67%, from $302k in 2017 to $182k in 2022.

In 2017, Bermuda exported $9.49k to Singapore. The main products exported from Bermuda to Singapore were Railway Cargo Containers ($3.82k), Textiles for technical uses ($1.68k), and Excavation Machinery ($1.01k). During the last 5 years the exports of Bermuda to Singapore have decreased at an annualized rate of 25.4%, from $41.1k in 2022 to $9.49k in 2017.

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

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

Latest Data

Trade between Singapore (Flag) and Bermuda (Flag)

Singapore Exports

Market Competitiveness

Color
Singapore
Top Destination
Hong Kong$51.6B
Bermuda
Top Destination
Zambia$17.5M

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 2022, countries that imported more from Singapore than Bermuda included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

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

Difference in imports from Bermuda (Flag) and Singapore (Flag) (2022)

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 2022, Singapore had a large net trade with Bermuda in the exports of Foodstuffs ($54.6k), Transportation ($43.4k), and Plastics and Rubbers ($14.7k).

During 2017, Bermuda had a large net trade with Singapore in the exports of Transportation ($3.82k), Machines ($1.78k), and Textiles ($1.68k).

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) (2022)

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