New 50% OFF discount for academic accounts !
New 2022 ECI Rankings !
New Company Reports !
New Product Data Download Page !
Sign In
Pricing

2022
Flag → Flag
Exports $18.5MRnk 169 / 223
2022
Flag → Flag
Top Product $3.84MPassenger and Cargo Ships
2022
Flag → Flag
Exports $609kRnk 14 / 89
2022
Flag → Flag
Top Product $398kHard Liquor
2022
Flag
Economic Complexity (ECI) ECI 1.75Rnk 3 / 124
2022
Flag  
GDP$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP GROWTH15.5%CURRENT US$
Rnk 136 / 186
2022
Flag
 GDP$7.55BCURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP GROWTH18.4%CURRENT US$
Rnk 124 / 186
2022
Flag
GDP PC $48,432CURRENT US$
Rnk 21 / 186
2012-2022
Flag
GDP PC GROWTH10.4%CURRENT US$
Rnk 115 / 186
2022
Flag
GDP PC$118,846CURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP PC GROWTH20.7%CURRENT US$
Rnk 85 / 186

About

Germany-Bermuda In 2022, Germany exported $18.5M to Bermuda. The main products that Germany exported to Bermuda are Passenger and Cargo Ships ($3.84M), Engine Parts ($2.96M), and Cars ($2.02M). During the last 27 years the exports of Germany to Bermuda have increased at an annualized rate of 2.54%, from $9.39M in 1995 to $18.5M in 2022.

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

Bermuda-Germany In 2022, Bermuda exported $609k to Germany. The main products that Bermuda exported to Germany were Hard Liquor ($398k), Transmissions ($49.2k), and Rubber Belting ($48.8k). During the last 27 years the exports of Bermuda to Germany have increased at an annualized rate of 1.21%, from $439k in 1995 to $609k in 2022.

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

Comparison In 2022,  Germany ranked 3 in the Economic Complexity Index (ECI 1.75),  and 3 in total exports ($1.6T). 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, Germany exported €459k and imported €65k from Bermuda, resulting in a positive trade balance of €394k. Between January 2023 and January 2024 the exports of Germany have decreased by €-255k (-35.7%) from €714k to €459k, while imports decreased by €-114k (-63.7%) from €179k to €65k.

Trade In January 2024, the top exports of Germany to Bermuda were Pharmaceutical products (€163k), Chassis, bodies, engines etc. for motor... (€159k), Other mineral construction materials (€97k), Bearings,gearings, gear wheels and drive elements (€87k), and Unmanufactured tobacco and tobacco products (€34k). In January 2024 the top imports of Germany from Bermuda were Other end products (€155k), Returned goods (€10k), Spirits (€6k), Railway or tramway locomotives and rolling... (€6k), and Games and toys (€2k).

Origins In January 2024 the exports of Germany were mainly from Bavaria (€237k), Rhineland-Pfalz (€102k), Bremen (€17k), Baden-Württemberg (€6k), and North Rhine-Westphalia (€6k), while imports destinations were mainly Thuringia (€32k), Bremen (€19k), Schleswig-Holstein (€7k), Bavaria (€4k), and Brandenburg (€2k).

Growth In January 2024, the decrease in Germany's year-by-year exports to Bermuda was explained primarily by an decrease in product exports in Motor cars and motor caravans (€-442k or -94.4%), Chassis, bodies, engines etc. for motor... (€-390k or -71%), and Measuring and automatical control instruments (€-33k or -75%). In January 2024, the decrease in Germany's year-by-year imports  from Bermuda was explained primarily by an decrease in product imports  in .

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (January 2023 - January 2024)€-255k(-35.7%)
IMPORT GROWTH (January 2023 - January 2024)€-114k(-63.7%)
MAIN EXPORTER (January 2024)Bavaria€237k

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

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

For full datasets download visit Bulk Download page.

Explore Bermuda and Germany 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

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
Value

In 2022, Germany exported $18.5M to Bermuda. The main products exported from Germany to Bermuda were Passenger and Cargo Ships ($3.84M), Engine Parts ($2.96M), and Cars ($2.02M). During the last 27 years the exports of Germany to Bermuda have increased at an annualized rate of 2.54%, from $9.39M in 1995 to $18.5M in 2022.

In 2022, Bermuda exported $609k to Germany. The main products exported from Bermuda to Germany were Hard Liquor ($398k), Transmissions ($49.2k), and Rubber Belting ($48.8k). During the last 27 years the exports of Bermuda to Germany have increased at an annualized rate of 1.21%, from $439k in 1995 to $609k in 2022.

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

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

Market Competitiveness

Color
Germany
Top DestinationUnited States$153B
Bermuda
Top DestinationZambia$17.5M

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

In 2021, countries that imported more from Germany than Bermuda were United States ($153B), France ($120B), and China ($109B).

In 2019, no countries were registered that imported more from Bermuda than from Germany.

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

Comparative Advantage Germany - Bermuda

Flow
Scale

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

During 2022, Germany had a large net trade with Bermuda in the exports of Machines ($7.73M), Transportation ($7.01M), and Instruments ($687k).

During 2022, Bermuda had a large net trade with Germany in the exports of Foodstuffs ($398k), Machines ($92.9k), and Plastics and Rubbers ($48.9k).

Economic Complexity

Competitive Landscape

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 Germany has comparative advantage over Bermuda. Similarly, the more yellow a dot/product is, the more Bermuda has comparative advantage over Germany.

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms