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Pricing

2022
Flag → Flag
Exports $4.38kRnk 114 / 126
2022
Flag → Flag
Top Product $4.38kHard Liquor
2022
Flag → Flag
Exports $4.95MRnk 123 / 0
2022
Flag
Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
Flag
 GDP$7.55BCURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP GROWTH18.4%CURRENT US$
Rnk 124 / 186
2022
Flag
GDP PC$118,846CURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP PC GROWTH20.7%CURRENT US$
Rnk 85 / 186

About

Venezuela-Bermuda Trade: In 2022, Venezuela exported $4.38k to Bermuda. The main products that Venezuela exported to Bermuda were Hard Liquor ($4.38k). Over the past 5 years the exports of Venezuela to Bermuda have decreased at an annualized rate of 7.2%, from $6.36k in 2017 to $4.38k in 2022.

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

Bermuda-Venezuela In N/A, Bermuda did not export any products to Venezuela.

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

Comparison In 2022,  Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87),  and 132 in total exports ($4.3B). 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, Venezuela exported $4.38k to Bermuda. The main products exported from Venezuela to Bermuda were Hard Liquor ($4.38k). During the last 5 years the exports of Venezuela to Bermuda have decreased at an annualized rate of 7.2%, from $6.36k in 2017 to $4.38k in 2022.

Bermuda does not register exports to Venezuela.

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

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

Market Competitiveness

Color
Venezuela
Top DestinationChina$703M
Bermuda
Top DestinationZambia$17.5M

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

In 2022, countries that imported more from Venezuela than Bermuda included China ($703M), Turkey ($597M), and Spain ($518M).

In 2022, countries that imported more from Bermuda than Venezuela included Zambia ($17.5M), Angola ($7.13M), and Tanzania ($5.76M).

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

Comparative Advantage Venezuela - Bermuda

Flow
Scale

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

During 2022, Venezuela had a large net trade with Bermuda in the exports of Foodstuffs ($4.38k).

Economic Complexity

Competitive Landscape

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

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

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