2023
Flag
 GDP
$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
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GDP GROWTH
18.8%CURRENT US$
Rnk 144 / 195
2023
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GDP PC
$54,343CURRENT US$
Rnk 21 / 196
2013-2023
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GDP PC GROWTH
15.1%CURRENT US$
Rnk 118 / 195

About

British Virgin Islands-Germany Trade: In 2023, British Virgin Islands exported $18.8M to Germany. The main products that British Virgin Islands exported to Germany were Passenger and Cargo Ships ($18.7M), Hard Liquor ($81k), and Metalworking Machine Parts ($21.2k). Over the past 5 years the exports of British Virgin Islands to Germany have increased at an annualized rate of 46.6%, from $2.78M in 2018 to $18.8M in 2023.

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

Germany-British Virgin Islands Trade: In 2023, Germany exported $2.51M to British Virgin Islands. The main products that Germany exported to British Virgin Islands were Jewellery ($528k), Milk ($389k), and Water ($302k). Over the past 5 years the exports of Germany to British Virgin Islands have decreased at an annualized rate of 53.5%,  from $115M in 2018 to $2.51M in 2023.

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

Comparison In 2023,  British Virgin Islands ranked 178 in total exports ($281M), and does not have data regarding Economic Complexity Index. That same year, Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, British Virgin Islands exported $18.8M to Germany. The main products exported from British Virgin Islands to Germany were Passenger and Cargo Ships ($18.7M), Hard Liquor ($81k), and Metalworking Machine Parts ($21.2k). During the last 5 years the exports of British Virgin Islands to Germany have increased at an annualized rate of 46.6%, from $2.78M in 2018 to $18.8M in 2023.

In 2018, Germany exported $2.51M to British Virgin Islands. The main products exported from Germany to British Virgin Islands were Jewellery ($528k), Milk ($389k), and Water ($302k). During the last 5 years the exports of Germany to British Virgin Islands have decreased at an annualized rate of 53.5%, from $115M in 2023 to $2.51M in 2018.

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

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

Latest Data

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

Germany Exports

Market Competitiveness

Color
British Virgin Islands
Top Destination
Malta$93.7M
Germany
Top Destination
United States$157B

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

In 2023, countries that imported more from British Virgin Islands than Germany included Guyana ($61.6M).

In 2023, countries that imported more from Germany than British Virgin Islands included United States ($157B), France ($118B), and Netherlands ($108B).

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

Comparative Advantage British Virgin Islands - Germany

Flow
Scale

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

During 2023, British Virgin Islands had a large net trade with Germany in the exports of Transportation ($18.7M), Foodstuffs ($81k), and Machines ($21.2k).

During 2018, Germany had a large net trade with British Virgin Islands in the exports of Animal Products ($632k), Precious Metals ($528k), and Foodstuffs ($491k).

Economic Complexity

Competitive Landscape

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

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

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