2021
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GDP
$2.11TCURRENT US$
Rnk 8 / 204
2011-2021
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GDP GROWTH
-7.87%CURRENT US$
Rnk 181 / 204
2021
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GDP PC 
$35,770CURRENT US$
Rnk 37 / 204
2011-2021
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GDP PC GROWTH
-7.45%CURRENT US$
Rnk 160 / 204

About

Italy-British Virgin Islands In 2021, Italy exported $171M to British Virgin Islands. The main products that Italy exported to British Virgin Islands are Recreational Boats ($165M), Jewellery ($2.98M), and Packaged Medicaments ($677k). During the last 26 years the exports of Italy to British Virgin Islands have increased at an annualized rate of 6.12%, from $36.4M in 1995 to $171M in 2021.

In 2021, Italy did not export any services to British Virgin Islands.

British Virgin Islands-Italy In 2021, British Virgin Islands exported $21M to Italy. The main products that British Virgin Islands exported to Italy were Recreational Boats ($21M), Other Electrical Machinery ($6.61k), and Transmissions ($3.55k). During the last 26 years the exports of British Virgin Islands to Italy have increased at an annualized rate of 9.07%, from $2.2M in 1995 to $21M in 2021.

In 2021, British Virgin Islands did not export any services to Italy.

Comparison In 2021,  Italy ranked 19 in the Economic Complexity Index (ECI 1.27),  and 7 in total exports ($597B). That same year, British Virgin Islands ranked 178 in total exports ($253M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Italy exported $171M to British Virgin Islands. The main products exported from Italy to British Virgin Islands were Recreational Boats ($165M), Jewellery ($2.98M), and Packaged Medicaments ($677k). During the last 26 years the exports of Italy to British Virgin Islands have increased at an annualized rate of 6.12%, from $36.4M in 1995 to $171M in 2021.

In 2021, British Virgin Islands exported $21M to Italy. The main products exported from British Virgin Islands to Italy were Recreational Boats ($21M), Other Electrical Machinery ($6.61k), and Transmissions ($3.55k). During the last 25 years the exports of British Virgin Islands to Italy have increased at an annualized rate of 9.07%, from $2.2M in 1996 to $21M in 2021.

Exports from Italy (Flag) to British Virgin Islands (Flag) (2021)

Exports from British Virgin Islands (Flag) to Italy (Flag) (2021)

Market Competitiveness

Color
Italy
Top Destination
Germany$78.4B
British Virgin Islands
Top Destination
Austria$62.5M

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

In 2021, countries that imported more from Italy than British Virgin Islands were Germany ($78.4B), France ($61.6B), and United States ($58.1B).

In 2019, no countries were registered that imported more from British Virgin Islands than from Italy.

Difference in imports from British Virgin Islands (Flag) and Italy (Flag) (2021)

Comparative Advantage Italy - British Virgin Islands

Flow
Scale

This chart compares trade between Italy and British Virgin Islands by product, considering products traded by both, Italy and British Virgin Islands.

During 2021, Italy had a large net trade with British Virgin Islands in the exports of Transportation ($165M), Precious Metals ($2.98M), and Foodstuffs ($878k).

During 2021, British Virgin Islands had a large net trade with Italy in the exports of Transportation ($21M), Machines ($10.2k), and Footwear and Headwear ($2.11k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Italy has comparative advantage over British Virgin Islands. Similarly, the more yellow a dot/product is, the more British Virgin Islands has comparative advantage over Italy.

Product Space of Italy (Flag) and British Virgin Islands (Flag) (2021)

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