In 2019, British Indian Ocean Territory exported a total of $83.4M, making it the number 193 exporter in the world. During the last five reported years the exports of British Indian Ocean Territory have changed by $49.6M from $33.8M in 2014 to $83.4M in 2019.
In 2019 British Indian Ocean Territory imported $53.7M, making it the number 214 trade destination in the world. During the last five reported years the imports of British Indian Ocean Territory changed by $43.4M from $10.3M in 2014 to $53.7M in 2019.
The top export opportunities for British Indian Ocean Territory according to the relatedness index, are Crustaceans (0.025), Non-fillet Fresh Fish (0.023), Gold (0.023), Tropical Fruits (0.022), and Other Oily Seeds (0.022). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that British Indian Ocean Territory is not specialized in.
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.
The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities.
Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.