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2022
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Exports | Imports $5.8M | $25.8M221 of 226 |  223 of 226

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Overview In 2022 British Indian Ocean Territory was the number 221 economy in the world in terms of total exports and the number 223 in total imports.

Exports The top exports of British Indian Ocean Territory are Non-fillet Frozen Fish ($4.18M), Tensile Testing Machines ($219k), Jewellery ($162k), Fish: dried, salted, smoked or in brine ($145k), and Shaped Paper ($83k), exporting mostly to Singapore ($4.42M), United States ($381k), Uzbekistan ($280k), United Kingdom ($96.4k), and Brazil ($71.5k).

Imports The top imports of British Indian Ocean Territory are Aluminium Structures ($8.12M), Other Inedible Animal Products ($6.4M), Cement ($640k), Air Pumps ($638k), and Electrical Transformers ($631k), importing mostly from Singapore ($18.7M), United States ($4.66M), Panama ($653k), Indonesia ($514k), and Denmark ($270k).

Latest Trends

Latest Trade

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Y-AXIS SCALE

The following section uses the most recent trade data from partners of British Indian Ocean Territory.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data

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Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2022)Non-fillet Frozen Fish$4.18M
Top Destination (2022)Singapore$4.42M

In 2022, British Indian Ocean Territory exported a total of $5.8M, making it the number 221 exporter in the world. During the last five reported years the exports of British Indian Ocean Territory have changed by -$11.7M from $17.5M in 2017 to $5.8M in 2022.

The most recent exports are led by Non-fillet Frozen Fish ($4.18M), Tensile Testing Machines ($219k), Jewellery ($162k), Fish: dried, salted, smoked or in brine ($145k), and Shaped Paper ($83k). The most common destination for the exports of British Indian Ocean Territory are Singapore ($4.42M), United States ($381k), Uzbekistan ($280k), United Kingdom ($96.4k), and Brazil ($71.5k).

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Exports (2022)
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Destinations (2022)
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Market Growth

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Growth
Fastest Growing Export Markets (2021 - 2022)
Singapore$1.78M (+ 67.6%)
Uzbekistan$274k (+ 4.55k%)
United Kingdom$68.5k (+ 246%)
Fastest Growing Import Markets (2021 - 2022)
Singapore$1.48M (+ 8.62%)
Uzbekistan$251k (+ 251k%)
Denmark$152k (+ 129%)

Total Export Growth by Market (2021 - 2022)

Potential Exports

Potential Exports

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Economic Complexity

Most Specialized Products by RCA Index

British Indian Ocean Territory has a high level of specialization in Non-fillet Frozen Fish (605), Tensile Testing Machines (374), Fish: dried, salted, smoked or in brine (80.1), Collector's Items (39), and Tufted Carpets (24.5). Specialization is measured using RCA, an index that takes the ratio between British Indian Ocean Territory observed and expected exports in each product.

Most Complex Products by PCI

The highest complexity exports of British Indian Ocean Territory according to the product complexity index (PCI) are Instruments and apparatus; for physical or chemical analysis (e.g. polarimeters, spectrometers), for... (1.68), Taps, cocks, valves and similar appliances for pipes, boiler shells, tanks, vats... (1.41), Machines and appliances for testing the hardness, strength, compressibility, elasticity of other... (1.37), Acrylic polymers in primary forms (1.17), and Machinery parts; used solely or principally with the machinery of heading no.... (1.09). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

The top export opportunities for British Indian Ocean Territory according to the relatedness index, were Knit Sweaters (0.056), Knit Women's Suits (0.056), Non-Knit Babies' Garments (0.055), Knit Men's Suits (0.055), and Non-Knit Men's Shirts (0.055). 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.

Product Space

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 a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of British Indian Ocean Territory. These are products that tend to be co-exported with the products that British Indian Ocean Territory exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relatedness Space (2022)

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is 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 greenhouse emissions.

Diversification Frontier

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