Turkey (TUR) and Bermuda (BMU) Trade | The Observatory of Economic Complexity

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Turkey-Bermuda Trade: In 2022, Turkey exported $1.64M to Bermuda. The main products that Turkey exported to Bermuda were Cars ($884k), Building Stone ($171k), and Bricks ($139k). Over the past 5 years the exports of Turkey to Bermuda have increased at an annualized rate of 4.23%, from $1.34M in 2017 to $1.64M in 2022.

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

Bermuda-Turkey Trade: In 2022, Bermuda exported $6.8k to Turkey. The main products that Bermuda exported to Turkey were Railway Cargo Containers ($4.99k), Plastic Building Materials ($516), and Hard Liquor ($515). Over the past 5 years the exports of Bermuda to Turkey have decreased at an annualized rate of 10.8%, from $23.8k in 2017 to $6.8k in 2022.

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

Comparison In 2022, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B). 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, Turkey exported $1.64M to Bermuda. The main products exported from Turkey to Bermuda were Cars ($884k), Building Stone ($171k), and Bricks ($139k). During the last 5 years the exports of Turkey to Bermuda have increased at an annualized rate of 4.23%, from $1.34M in 2017 to $1.64M in 2022.

In 2017, Bermuda exported $6.8k to Turkey. The main products exported from Bermuda to Turkey were Railway Cargo Containers ($4.99k), Plastic Building Materials ($516), and Hard Liquor ($515). During the last 5 years the exports of Bermuda to Turkey have decreased at an annualized rate of 10.8%, from $23.8k in 2022 to $6.8k in 2017.

Exports from Turkey () to Bermuda () (2022)

Exports from Bermuda () to Turkey () (2022)

Latest Data

Trade between Turkey () and Bermuda ()

Turkey Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Turkey
Top DestinationGermany$21.9B

Bermuda
Top DestinationZambia$17.5M

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

In 2022, countries that imported more from Turkey than Bermuda included Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

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

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

Comparative Advantage Turkey - Bermuda

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Turkey had a large net trade with Bermuda in the exports of Transportation ($885k), Stone And Glass ($319k), and Textiles ($140k).

During 2017, Bermuda had a large net trade with Turkey in the exports of Transportation ($4.99k), Machines ($662), and Plastics and Rubbers ($516).

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

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Historical Data

Bilateral Trade by Products

Exports from Turkey () to Bermuda () (2022)

Exports from Bermuda () to Turkey () (2022)

Latest Data

Trade between Turkey () and Bermuda ()

Turkey Exports

Market Competitiveness

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

Comparative Advantage Turkey - Bermuda

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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