British Virgin Islands (VGB) and Bermuda (BMU) Trade | The Observatory of Economic Complexity

About

British Virgin Islands-Bermuda In 2022, British Virgin Islands exported $178k to Bermuda. The main products that British Virgin Islands exported to Bermuda are Flavored Water ($178k) and Baked Goods ($115). During the last 27 years the exports of British Virgin Islands to Bermuda have increased at an annualized rate of 10.4%, from $12.3k in 1995 to $178k in 2022.

In 2022, British Virgin Islands did not export any services to Bermuda.

Bermuda-British Virgin Islands In false, Bermuda did not export any products to British Virgin Islands.

In 2022, Bermuda did not export any services to British Virgin Islands.

Comparison In 2022, British Virgin Islands ranked 185 in total exports ($206M). That same year, Bermuda ranked 199 in total exports ($68.1M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, British Virgin Islands exported $178k to Bermuda. The main products exported from British Virgin Islands to Bermuda were Flavored Water ($178k) and Baked Goods ($115). During the last 27 years the exports of British Virgin Islands to Bermuda have increased at an annualized rate of 10.4%, from $12.3k in 1995 to $178k in 2022.

Bermuda does not register exports to British Virgin Islands.

Exports from British Virgin Islands () to Bermuda () (2022)

Exports from Bermuda () to British Virgin Islands () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

British Virgin Islands
Top DestinationMalta$85.8M

Bermuda
Top DestinationZambia$17.5M

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

In 2021, countries that imported more from British Virgin Islands than Bermuda were Malta ($85.8M), Brazil ($23M), and Switzerland ($19.1M).

In 2021, countries that imported more from Bermuda than British Virgin Islands were Zambia ($17.5M), United States ($11.1M), and Angola ($7.13M).

Difference in imports from Bermuda () and British Virgin Islands () (2022)

Comparative Advantage British Virgin Islands - Bermuda

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between British Virgin Islands and Bermuda by product, considering products traded by both, British Virgin Islands and Bermuda.

During 2022, British Virgin Islands had a large net trade with Bermuda in the exports of Foodstuffs ($178k).

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from British Virgin Islands () to Bermuda () (2022)

Exports from Bermuda () to British Virgin Islands () (2022)

Market Competitiveness

Difference in imports from Bermuda () and British Virgin Islands () (2022)

Comparative Advantage British Virgin Islands - Bermuda

Economic Complexity

Competitive Landscape

Product Space of British Virgin Islands () and Bermuda () (2022)

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