Summary
- Bermuda → South Korea
- $37thousand
- South Korea → Bermuda
- $1.9billion
- Bermuda’s balance
- -$1.9billion
Balance
Bermuda’s trade balance with South Korea
Trade between Bermuda and South Korea grew 38.3-fold since 1995
USD billions (current). Bermuda’s exports and imports; bars: its balance (green surplus, red deficit).
- Exports 0
- Imports 1.9
- Balance -1.9
Source: CEPII BACI
Show the numbers
| Year | Exports | Imports | Trade balance |
|---|---|---|---|
| 1995 | $0 | $51 million | -$51 million |
| 1996 | $0 | $2 million | -$2 million |
| 1997 | $0 | $173 million | -$173 million |
| 1998 | $508 | $52 million | -$52 million |
| 1999 | $0 | $39 million | -$39 million |
| 2000 | $11 thousand | $3 million | -$3 million |
| 2001 | $5 thousand | $36 million | -$36 million |
| 2002 | $179 | $361 million | -$361 million |
| 2003 | $5 million | $163 million | -$159 million |
| 2004 | $5 million | $646 million | -$641 million |
| 2005 | $292 | $661 million | -$661 million |
| 2006 | $20 thousand | $1.1 billion | -$1.1 billion |
| 2007 | $500 | $1.5 billion | -$1.5 billion |
| 2008 | $4 million | $790 million | -$786 million |
| 2009 | $857 | $700 million | -$700 million |
| 2010 | $705 | $1.4 billion | -$1.4 billion |
| 2011 | $19 million | $1.6 billion | -$1.6 billion |
| 2012 | $457 | $1.4 billion | -$1.4 billion |
| 2013 | $8 thousand | $1.6 billion | -$1.6 billion |
| 2014 | $18 thousand | $2 billion | -$2 billion |
| 2015 | $1 thousand | $2 billion | -$2 billion |
| 2016 | $2 thousand | $1.5 billion | -$1.5 billion |
| 2017 | $4 thousand | $851 million | -$851 million |
| 2018 | $3 thousand | $424 million | -$424 million |
| 2019 | $5 thousand | $219 million | -$219 million |
| 2020 | $328 thousand | $1.2 billion | -$1.2 billion |
| 2021 | $53 thousand | $571 million | -$571 million |
| 2022 | $5 thousand | $301 million | -$301 million |
| 2023 | $4 thousand | $8 million | -$8 million |
| 2024 | $37 thousand | $1.9 billion | -$1.9 billion |
What they sell each other
What Bermuda sells to South Korea
The top 10 headings in 2024, with their share of the total.
What South Korea sells to Bermuda
The top 10 headings in 2024, with their share of the total.
How it travels
The estimated sea route between Ireland Island and Busan is 10,006 nautical miles (18,531 km) long: ≈ 23–30 days at sea (at 18 and 14 knots).
Passages it crosses: Panama Canal.
Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.
Split by transport mode
Mode estimated from value per kilo and geography; both directions together.
How much each matters to the other
South Korea was Bermuda’s largest trading partner (57% of its trade), and Bermuda was South Korea’s 56th (0.1%).
- South Korea in Bermuda’s trade
- 56.5%
- South Korea’s rank among Bermuda’s partners
- 1st
- Bermuda in South Korea’s trade
- 0.1%
- Bermuda’s rank among South Korea’s partners
- 56th
Compare with
Other partners of South Korea
Sources and methodology
Sources and licenses
- CEPII BACI · Licence Ouverte Etalab 2.0
- World Bank, Global Shipping Traffic Density · CC BY 4.0 (route network derived by this site)
- World Port Index (NGA) · Public domain (US Government work)
- Natural Earth · Public domain
Methodology
Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.