2022
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GDP
$404BCURRENT US$
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2012-2022
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GDP GROWTH
54.4%CURRENT US$
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2022
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GDP PC 
$3,499CURRENT US$
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GDP PC GROWTH
30.9%CURRENT US$
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About

Philippines-British Virgin Islands Trade: In 2022, Philippines exported $142 to British Virgin Islands. The main products that Philippines exported to British Virgin Islands were Knitted Hats ($92) and Non-Knit Women's Suits ($50). Over the past 5 years the exports of Philippines to British Virgin Islands have decreased at an annualized rate of 85.2%, from $1.97M in 2017 to $142 in 2022.

In 2022, Philippines did not export any services to British Virgin Islands.

British Virgin Islands-Philippines Trade: In 2022, British Virgin Islands exported $48.7k to Philippines. The main products that British Virgin Islands exported to Philippines were Dyeing Finishing Agents ($18.8k), Clays ($16.1k), and Chocolate ($6.23k). Over the past 5 years the exports of British Virgin Islands to Philippines have decreased at an annualized rate of 46.5%,  from $1.11M in 2017 to $48.7k in 2022.

In 2022, British Virgin Islands did not export any services to Philippines.

Comparison In 2022,  Philippines ranked 37 in the Economic Complexity Index (ECI 0.71),  and 40 in total exports ($110B). That same year, British Virgin Islands ranked 185 in total exports ($206M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $142 to British Virgin Islands. The main products exported from Philippines to British Virgin Islands were Knitted Hats ($92) and Non-Knit Women's Suits ($50). During the last 5 years the exports of Philippines to British Virgin Islands have decreased at an annualized rate of 85.2%, from $1.97M in 2017 to $142 in 2022.

In 2017, British Virgin Islands exported $48.7k to Philippines. The main products exported from British Virgin Islands to Philippines were Dyeing Finishing Agents ($18.8k), Clays ($16.1k), and Chocolate ($6.23k). During the last 5 years the exports of British Virgin Islands to Philippines have decreased at an annualized rate of 46.5%, from $1.11M in 2022 to $48.7k in 2017.

Exports from Philippines (Flag) to British Virgin Islands (Flag) (2022)

Exports from British Virgin Islands (Flag) to Philippines (Flag) (2022)

Market Competitiveness

Color
Philippines
Top Destination
United States$15.5B
British Virgin Islands
Top Destination
Malta$85.8M

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

In 2022, countries that imported more from Philippines than British Virgin Islands included United States ($15.5B), China ($15.3B), and Hong Kong ($12.6B).

In 2022, countries that imported more from British Virgin Islands than Philippines included Malta ($85.8M), Zimbabwe ($5.02M), and Barbados ($253k).

Difference in imports from British Virgin Islands (Flag) and Philippines (Flag) (2022)

Comparative Advantage Philippines - British Virgin Islands

Flow
Scale

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

During 2022, Philippines had a large net trade with British Virgin Islands in the exports of Footwear and Headwear ($92) and Textiles ($50).

During 2017, British Virgin Islands had a large net trade with Philippines in the exports of Chemical Products ($18.8k), Mineral Products ($16.1k), and Foodstuffs ($12.3k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Philippines and British Virgin Islands. This means that a dot/product with the flag of Philippines 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 Philippines.

Product Space of Philippines (Flag) and British Virgin Islands (Flag) (2022)

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