2023
Flag  
GDP
$85.8BCURRENT US$
Rnk 72 / 195
2013-2023
Flag
GDP GROWTH
31.5%CURRENT US$
Rnk 111 / 195
2023
Flag
GDP PC 
$128,678CURRENT US$
Rnk 2 / 195
2013-2023
Flag
GDP PC GROWTH
7.23%CURRENT US$
Rnk 143 / 195

About

Luxembourg-British Virgin Islands Trade: In 2023, Luxembourg exported $39.8M to British Virgin Islands. The main products that Luxembourg exported to British Virgin Islands were Planes, Helicopters, and/or Spacecraft ($39.4M) and Wine ($382k). Over the past 8 years the exports of Luxembourg to British Virgin Islands have increased at an annualized rate of 365%, from $183 in 2015 to $39.8M in 2023.

In 2023, Luxembourg did not export any services to British Virgin Islands.

British Virgin Islands-Luxembourg Trade: In 2023, British Virgin Islands exported $21k to Luxembourg. The main products that British Virgin Islands exported to Luxembourg were Portable Lighting ($18.4k), Light Fixtures ($1.81k), and Crustaceans ($196). Over the past 8 years the exports of British Virgin Islands to Luxembourg have decreased at an annualized rate of 15%,  from $47.3k in 2015 to $21k in 2023.

In 2023, British Virgin Islands did not export any services to Luxembourg.

Comparison In 2023,  Luxembourg ranked 82 in total exports ($18.9B). That same year, British Virgin Islands ranked 178 in total exports ($281M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Luxembourg exported $39.8M to British Virgin Islands. The main products exported from Luxembourg to British Virgin Islands were Planes, Helicopters, and/or Spacecraft ($39.4M) and Wine ($382k). During the last 8 years the exports of Luxembourg to British Virgin Islands have increased at an annualized rate of 365%, from $183 in 2015 to $39.8M in 2023.

In 2018, British Virgin Islands exported $21k to Luxembourg. The main products exported from British Virgin Islands to Luxembourg were Portable Lighting ($18.4k), Light Fixtures ($1.81k), and Crustaceans ($196). During the last 5 years the exports of British Virgin Islands to Luxembourg have decreased at an annualized rate of 15%, from $47.3k in 2023 to $21k in 2018.

Exports from Luxembourg (Flag) to British Virgin Islands (Flag) (2023)

Exports from British Virgin Islands (Flag) to Luxembourg (Flag) (2023)

Latest Data

Trade between Luxembourg (Flag) and British Virgin Islands (Flag)

Luxembourg Exports

Market Competitiveness

Color
Luxembourg
Top Destination
Germany$3.42B
British Virgin Islands
Top Destination
Malta$93.7M

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

In 2023, countries that imported more from Luxembourg than British Virgin Islands included Germany ($3.42B), France ($2.8B), and Belgium ($1.59B).

In 2023, countries that imported more from British Virgin Islands than Luxembourg included Malta ($93.7M), Guyana ($61.6M), and Barbados ($4.1M).

Difference in imports from British Virgin Islands (Flag) and Luxembourg (Flag) (2023)

Comparative Advantage Luxembourg - British Virgin Islands

Flow
Scale

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

During 2023, Luxembourg had a large net trade with British Virgin Islands in the exports of Transportation ($39.4M) and Foodstuffs ($382k).

During 2018, British Virgin Islands had a large net trade with Luxembourg in the exports of Machines ($18.5k), Miscellaneous ($1.96k), and Animal Products ($196).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Luxembourg and British Virgin Islands. This means that a dot/product with the flag of Luxembourg indicates it has a comparative advantage over British Virgin Islands. Similarly, a dot/product with the flag of British Virgin Islands indicates it has a comparative advantage over Luxembourg.

Product Space of Luxembourg (Flag) and British Virgin Islands (Flag) (2023)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with