Flag British Virgin Islands / Georgia Flag

Exports FlagFlag  (2018): $1.5M, Rnk 24 / 74

Top Product FlagFlag (2018): $256k, Refined Petroleum

Exports FlagFlag (2014): $7.08k, Rnk 141 / 148

Top Product FlagFlag (2014): $7.08k, Base Metal Watches

Economic Complexity of Flag (2018): ECI 0.037, Rnk 63 / 137

GDP Flag (2018): $17.6B, CURRENT US$
Rnk 118 / 196

GDP GROWTH Flag (2008-2018): 37.6%, CURRENT US$
Rnk 102 / 196

GDP PC Flag (2018): $4,717, CURRENT US$
Rnk 112 / 196

GDP PC GROWTH Flag (2008-2018): 41.9%, CURRENT US$
Rnk 56 / 196

British Virgin Islands-Georgia: In 2018, British Virgin Islands exported $1.5M to Georgia. The main products exported from British Virgin Islands to Georgia were Refined Petroleum ($256k), Stone Processing Machines ($183k), and Leather Footwear ($182k). During the last 22 years the exports of British Virgin Islands to Georgia have decreased at an annualized rate of 3.09%, from $2.99M in 1996 to $1.5M in 2018.

Georgia-British Virgin Islands: In 2014, Georgia exported $7.08k to British Virgin Islands. The main products exported from Georgia to British Virgin Islands were Base Metal Watches ($7.08k). During the last 17 years the exports of Georgia to British Virgin Islands have decreased at an annualized rate of 16.9%, from $418k in 1997 to $7.08k in 2014.

Comparison: In 2018, British Virgin Islands ranked 174 in total exports ($198M), and does not have data regarding Economic Complexity Index. That same year, Georgia ranked 63 in the Economic Complexity Index (ECI 0.037), and 121 in total exports ($3.82B). In terms of GDP Per Capita, Georgia was ranked 112 with a GDP Per Capita of $4,717, while British Virgin Islands has no data regarding GDP Per Capita in 2018.

Bilateral Trade by Products

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Depth
Value

In 2018, British Virgin Islands exported $1.5M to Georgia. The main products exported from British Virgin Islands to Georgia were Refined Petroleum ($256k), Stone Processing Machines ($183k), and Leather Footwear ($182k). During the last 22 years the exports of British Virgin Islands to Georgia have decreased at an annualized rate of 3.09%, from $2.99M in 1996 to $1.5M in 2018.

In 2014, Georgia exported $7.08k to British Virgin Islands. The main products exported from Georgia to British Virgin Islands were Base Metal Watches ($7.08k). During the last 17 years the exports of Georgia to British Virgin Islands have decreased at an annualized rate of 16.9%, from $418k in 1997 to $7.08k in 2014.

Market Competitiveness

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Measure

British Virgin Islands
Top Destination
: Cyprus, $30M

Georgia
Top Destination
: Azerbaijan, $498M

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

In 2018, countries that imported more from British Virgin Islands than Georgia were Cyprus ($30M), Mexico ($19.4M), and Costa Rica ($12.4M).

In 2018, countries that imported more from Georgia than British Virgin Islands were Azerbaijan ($498M), Russia ($439M), and Bulgaria ($320M).

Comparative Advantage British Virgin Islands - Georgia

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Depth

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

During 2018, British Virgin Islands had a large net trade with Georgia in the exports of Textiles ($412k), Footwear and Headwear ($376k), and Machines ($312k).

During 2014, Georgia had a large net trade with British Virgin Islands in the exports of Instruments ($7.08k).

Trade Forecasts

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This section shows a forecast for total trade between British Virgin Islands and Georgia. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Economic Complexity

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Competitive Landscape

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