2023
Flag  
GDP
$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
Flag
GDP GROWTH
64.2%CURRENT US$
Rnk 44 / 195
2023
Flag
GDP PC 
$82,769CURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP PC GROWTH
55%CURRENT US$
Rnk 40 / 195

About

United States-British Indian Ocean Territory Trade: In 2023, United States exported $2.93M to British Indian Ocean Territory. The main products that United States exported to British Indian Ocean Territory were Medical Instruments ($451k), Industrial Fatty Acids, Oils and Alcohols ($236k), and Zinc Powder ($203k). Over the past 5 years the exports of United States to British Indian Ocean Territory have decreased at an annualized rate of 20%, from $8.94M in 2018 to $2.93M in 2023.

In 2023, United States did not export any services to British Indian Ocean Territory.

British Indian Ocean Territory-United States Trade: In 2023, British Indian Ocean Territory exported $330k to United States. The main products that British Indian Ocean Territory exported to United States were Electric Motor Parts ($185k), Other Furniture ($34k), and Tea ($26.2k). Over the past 5 years the exports of British Indian Ocean Territory to United States have increased at an annualized rate of 27%,  from $99.6k in 2018 to $330k in 2023.

In 2023, British Indian Ocean Territory did not export any services to United States.

Comparison In 2023,  United States ranked 10 in the Economic Complexity Index (ECI 1.5),  and 2 in total exports ($1.86T). That same year, British Indian Ocean Territory ranked 209 in total exports ($23.5M), and does not have data regarding Economic Complexity Index.

Company data: In 2023, leading companies such as were at the forefront of exporting goods from British Indian Ocean Territory to the United States. Conversely, were notable for importing products to British Indian Ocean Territory from the United States.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United States exported $2.93M to British Indian Ocean Territory. The main products exported from United States to British Indian Ocean Territory were Medical Instruments ($451k), Industrial Fatty Acids, Oils and Alcohols ($236k), and Zinc Powder ($203k). During the last 5 years the exports of United States to British Indian Ocean Territory have decreased at an annualized rate of 20%, from $8.94M in 2018 to $2.93M in 2023.

In 2018, British Indian Ocean Territory exported $330k to United States. The main products exported from British Indian Ocean Territory to United States were Electric Motor Parts ($185k), Other Furniture ($34k), and Tea ($26.2k). During the last 5 years the exports of British Indian Ocean Territory to United States have increased at an annualized rate of 27%, from $99.6k in 2023 to $330k in 2018.

Exports from United States (Flag) to British Indian Ocean Territory (Flag) (2023)

Exports from British Indian Ocean Territory (Flag) to United States (Flag) (2023)

Market Competitiveness

Color
United States
Top Destination
Canada$269B

This map shows whether countries import more from United States or British Indian Ocean Territory. Each country is colored based on the difference in imports they receive from United States and British Indian Ocean Territory or the difference in the growth in imports.

In 2023, countries that imported more from United States than British Indian Ocean Territory included Canada ($269B), Mexico ($243B), and China ($154B).

In 2023, no countries were registered that imported more from British Indian Ocean Territory than from United States.

Difference in imports from British Indian Ocean Territory (Flag) and United States (Flag) (2023)

Comparative Advantage United States - British Indian Ocean Territory

Flow
Scale

This chart compares trade between United States and British Indian Ocean Territory by product, considering products traded by both, United States and British Indian Ocean Territory.

During 2023, United States had a large net trade with British Indian Ocean Territory in the exports of Instruments ($632k), Machines ($543k), and Foodstuffs ($532k).

During 2018, British Indian Ocean Territory had a large net trade with United States in the exports of Machines ($201k), Miscellaneous ($49.9k), and Vegetable Products ($30.2k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of United States and British Indian Ocean Territory. This means that a dot/product with the flag of United States indicates it has a comparative advantage over British Indian Ocean Territory. Similarly, a dot/product with the flag of British Indian Ocean Territory indicates it has a comparative advantage over United States.

Product Space of United States (Flag) and British Indian Ocean Territory (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