Bermuda (BMU) and Singapore (SGP) Trade | The Observatory of Economic Complexity

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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.

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.

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

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, 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 2017 to $9.49k in 2022.

In 2017, 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 2022 to $182k in 2017.

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

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

Latest Data

Trade between Bermuda () and Singapore ()

Singapore Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bermuda
Top DestinationZambia$17.5M

Singapore
Top DestinationHong Kong$51.6B

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

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

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

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

Comparative Advantage Bermuda - Singapore

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bermuda had a large net trade with Singapore in the exports of Transportation ($3.82k), Machines ($1.78k), and Textiles ($1.68k).

During 2017, Singapore had a large net trade with Bermuda in the exports of Foodstuffs ($54.6k), Transportation ($43.4k), and Plastics and Rubbers ($14.7k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Bermuda () and Singapore ()

Singapore Exports

Market Competitiveness

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

Comparative Advantage Bermuda - Singapore

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bermuda () and Singapore () (2022)

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