Bermuda (BMU) and Mexico (MEX) Trade | The Observatory of Economic Complexity

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Bermuda-Mexico Trade: In 2022, Bermuda exported $10 to Mexico. The main products that Bermuda exported to Mexico were Integrated Circuits ($10). Over the past 7 years the exports of Bermuda to Mexico have decreased at an annualized rate of 57.8%, from $4.19k in 2015 to $10 in 2022.

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

Mexico-Bermuda Trade: In 2022, Mexico exported $5.8M to Bermuda. The main products that Mexico exported to Bermuda were Beer ($1.05M), Cement ($795k), and Hard Liquor ($689k). Over the past 7 years the exports of Mexico to Bermuda have decreased at an annualized rate of 2.5%, from $6.58M in 2015 to $5.8M in 2022.

In 2022, Mexico 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, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bermuda exported $10 to Mexico. The main products exported from Bermuda to Mexico were Integrated Circuits ($10). During the last 7 years the exports of Bermuda to Mexico have decreased at an annualized rate of 57.8%, from $4.19k in 2015 to $10 in 2022.

In 2017, Mexico exported $5.8M to Bermuda. The main products exported from Mexico to Bermuda were Beer ($1.05M), Cement ($795k), and Hard Liquor ($689k). During the last 5 years the exports of Mexico to Bermuda have decreased at an annualized rate of 2.5%, from $6.58M in 2022 to $5.8M in 2017.

Exports from Bermuda () to Mexico () (2022)

Exports from Mexico () to Bermuda () (2022)

Latest Data

Trade between Bermuda () and Mexico ()

Bermuda Exports

Date

Mexico Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bermuda
Top DestinationZambia$17.5M

Mexico
Top DestinationUnited States$421B

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

In 2022, countries that imported more from Bermuda than Mexico included Zambia ($17.5M) and Zimbabwe ($4.06M).

In 2022, countries that imported more from Mexico than Bermuda included United States ($421B), Canada ($22.2B), and China ($12.7B).

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

Comparative Advantage Bermuda - Mexico

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bermuda had a large net trade with Mexico in the exports of Machines ($10).

During 2017, Mexico had a large net trade with Bermuda in the exports of Foodstuffs ($1.74M), Machines ($1.04M), and Metals ($986k).

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

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Historical Data

Bilateral Trade by Products

Exports from Bermuda () to Mexico () (2022)

Exports from Mexico () to Bermuda () (2022)

Latest Data

Trade between Bermuda () and Mexico ()

Bermuda Exports

Mexico Exports

Market Competitiveness

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

Comparative Advantage Bermuda - Mexico

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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