Bermuda (BMU) and Belgium (BEL) Trade | The Observatory of Economic Complexity

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Bermuda-Belgium Trade: In 2022, Bermuda exported $896 to Belgium. The main products that Bermuda exported to Belgium were Electric Motors ($292), Plastic Housewares ($267), and Non-Knit Women's Suits ($206). Over the past 5 years the exports of Bermuda to Belgium have decreased at an annualized rate of 49.1%, from $26.3k in 2017 to $896 in 2022.

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

Belgium-Bermuda Trade: In 2022, Belgium exported $581k to Bermuda. The main products that Belgium exported to Bermuda were Packaged Medicaments ($137k), Beer ($105k), and Seats ($104k). Over the past 5 years the exports of Belgium to Bermuda have decreased at an annualized rate of 2.09%, from $673k in 2017 to $581k in 2022.

In 2022, Belgium 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, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bermuda exported $896 to Belgium. The main products exported from Bermuda to Belgium were Electric Motors ($292), Plastic Housewares ($267), and Non-Knit Women's Suits ($206). During the last 5 years the exports of Bermuda to Belgium have decreased at an annualized rate of 49.1%, from $26.3k in 2017 to $896 in 2022.

In 2017, Belgium exported $581k to Bermuda. The main products exported from Belgium to Bermuda were Packaged Medicaments ($137k), Beer ($105k), and Seats ($104k). During the last 5 years the exports of Belgium to Bermuda have decreased at an annualized rate of 2.09%, from $673k in 2022 to $581k in 2017.

Exports from Bermuda () to Belgium () (2022)

Exports from Belgium () to Bermuda () (2022)

Latest Data

Trade between Bermuda () and Belgium ()

Bermuda Exports

Date

Belgium Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bermuda
Top DestinationZambia$17.5M

Belgium
Top DestinationGermany$91.9B

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

In 2022, no countries were registered that imported more from Bermuda than from Belgium.

In 2022, countries that imported more from Belgium than Bermuda included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

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

Comparative Advantage Bermuda - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bermuda had a large net trade with Belgium in the exports of Plastics and Rubbers ($365), Machines ($292), and Textiles ($206).

During 2017, Belgium had a large net trade with Bermuda in the exports of Chemical Products ($196k), Miscellaneous ($166k), and Foodstuffs ($133k).

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 Belgium. This means that a dot/product with the flag of Bermuda indicates it has a comparative advantage over Belgium. Similarly, a dot/product with the flag of Belgium indicates it has a comparative advantage over Bermuda.

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Historical Data

Bilateral Trade by Products

Exports from Bermuda () to Belgium () (2022)

Exports from Belgium () to Bermuda () (2022)

Latest Data

Trade between Bermuda () and Belgium ()

Bermuda Exports

Belgium Exports

Market Competitiveness

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

Comparative Advantage Bermuda - Belgium

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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