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

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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 5 years the exports of Mexico to Bermuda have decreased at an annualized rate of 2.5%, from $6.58M in 2017 to $5.8M in 2022.

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

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 5 years the exports of Bermuda to Mexico have decreased at an annualized rate of 38.3%, from $112 in 2017 to $10 in 2022.

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

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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, 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 2017 to $5.8M in 2022.

In 2017, Bermuda exported $10 to Mexico. The main products exported from Bermuda to Mexico were Integrated Circuits ($10). During the last 5 years the exports of Bermuda to Mexico have decreased at an annualized rate of 38.3%, from $112 in 2022 to $10 in 2017.

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

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

Latest Data

Trade between Mexico () and Bermuda ()

Mexico Exports

Date

Bermuda Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mexico
Top DestinationUnited States$421B

Bermuda
Top DestinationZambia$17.5M

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

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

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

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

Comparative Advantage Mexico - Bermuda

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Mexico had a large net trade with Bermuda in the exports of Foodstuffs ($1.74M), Machines ($1.04M), and Metals ($986k).

During 2017, Bermuda had a large net trade with Mexico in the exports of Machines ($10).

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

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Mexico () and Bermuda ()

Mexico Exports

Bermuda Exports

Market Competitiveness

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

Comparative Advantage Mexico - Bermuda

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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