2022
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GDP
$1.4TCURRENT US$
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2012-2022
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GDP GROWTH
5.49%CURRENT US$
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2022
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 GDP
$7.55BCURRENT US$
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2012-2022
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GDP GROWTH
18.4%CURRENT US$
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2022
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GDP PC 
$29,350CURRENT US$
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2012-2022
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GDP PC GROWTH
3.63%CURRENT US$
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2022
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GDP PC
$118,846CURRENT US$
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2012-2022
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GDP PC GROWTH
20.7%CURRENT US$
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About

Spain-Bermuda In 2022, Spain exported $1.99M to Bermuda. The main products that Spain exported to Bermuda are Wine ($313k), Unglazed Ceramics ($251k), and Bricks ($234k). During the last 27 years the exports of Spain to Bermuda have decreased at an annualized rate of 9.02%, from $25.5M in 1995 to $1.99M in 2022.

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

Bermuda-Spain In 2022, Bermuda exported $825k to Spain. The main products that Bermuda exported to Spain were Rubberworking Machinery ($658k), Railway Cargo Containers ($63.1k), and Transmissions ($32.7k). During the last 27 years the exports of Bermuda to Spain have decreased at an annualized rate of 12.4%, from $29.8M in 1995 to $825k in 2022.

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

Comparison In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.8),  and 20 in total exports ($394B). 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, Spain exported $1.99M to Bermuda. The main products exported from Spain to Bermuda were Wine ($313k), Unglazed Ceramics ($251k), and Bricks ($234k). During the last 27 years the exports of Spain to Bermuda have decreased at an annualized rate of 9.02%, from $25.5M in 1995 to $1.99M in 2022.

In 2022, Bermuda exported $825k to Spain. The main products exported from Bermuda to Spain were Rubberworking Machinery ($658k), Railway Cargo Containers ($63.1k), and Transmissions ($32.7k). During the last 27 years the exports of Bermuda to Spain have decreased at an annualized rate of 12.4%, from $29.8M in 1995 to $825k in 2022.

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

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

Market Competitiveness

Color
Spain
Top Destination
France$65.2B
Bermuda
Top Destination
Zambia$17.5M

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

In 2021, countries that imported more from Spain than Bermuda were France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

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

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

Comparative Advantage Spain - Bermuda

Flow
Scale

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

During 2022, Spain had a large net trade with Bermuda in the exports of Stone And Glass ($533k), Textiles ($404k), and Foodstuffs ($326k).

During 2022, Bermuda had a large net trade with Spain in the exports of Machines ($719k), Transportation ($71.8k), and Plastics and Rubbers ($23.6k).

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

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

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