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Overview In 2021 British Indian Ocean Territory was the number 223 economy in the world in terms of total exports and the number 222 in total imports.

Exports The top exports of British Indian Ocean Territory are Non-fillet Frozen Fish ($2.07M), Fish: dried, salted, smoked or in brine ($486k), Computers ($277k), Integrated Circuits ($157k), and Diamonds ($155k), exporting mostly to Singapore ($2.76M), United States ($385k), Canada ($198k), Ireland ($159k), and Saudi Arabia ($78.7k).

Imports The top imports of British Indian Ocean Territory are Other Inedible Animal Products ($8.3M), Aluminium Structures ($3.1M), Cement ($1.85M), Machines for additive manufacturing ($1.11M), and Packaged Medicaments ($863k), importing mostly from Singapore ($17.2M), United States ($5.84M), Panama ($1.01M), Ireland ($845k), and Bulgaria ($382k).

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.

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

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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.

Subscribe today to OEC pro and access the latest data

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Subscribe today to OEC pro and access the latest data

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2021)Non-fillet Frozen Fish$2.07M
Top Destination (2021)Singapore$2.76M

In 2021, British Indian Ocean Territory exported a total of $4.01M, making it the number 223 exporter in the world. During the last five reported years the exports of British Indian Ocean Territory have changed by -$15.7M from $19.7M in 2016 to $4.01M in 2021.

The most recent exports are led by Non-fillet Frozen Fish ($2.07M), Fish: dried, salted, smoked or in brine ($486k), Computers ($277k), Integrated Circuits ($157k), and Diamonds ($155k). The most common destination for the exports of British Indian Ocean Territory are Singapore ($2.76M), United States ($385k), Canada ($198k), Ireland ($159k), and Saudi Arabia ($78.7k).

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Exports (2021)
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Destinations (2021)
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Market Growth

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Fastest Growing Export Markets (2020 - 2021)
United States$223k (+ 138%)
Canada$157k (+ 389%)
Saudi Arabia$75.1k (+ 2.11k%)
Fastest Growing Import Markets (2020 - 2021)
Singapore$4.39M (+ 34.3%)
Malaysia$194k (+ 3.12k%)
Turkey$176k (+ 246%)

Total Export Growth by Market (2020 - 2021)

Economic Complexity

Most Specialized Products by RCA Index

British Indian Ocean Territory has a high level of specialization in Non-fillet Frozen Fish (432), Fish: dried, salted, smoked or in brine (368), Carbon Paper (46.3), Documents of title (bonds etc) and unused stamps (36.2), and Tea (25.1). 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 Discs, tapes, solid-state non-volatile storage devices, smart cards and other media for... (1.79), Tools; plates, sticks, tips and the like for tools, unmounted, of sintered... (1.63), Reagents; diagnostic or laboratory reagents on a backing and prepared diagnostic or... (1.49), Electronic integrated circuits (1.45), and Tungsten (wolfram); articles thereof, including waste and scrap (1.43). 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 Surveying Equipment (0.045), Live Fish (0.045), Base Metal Watches (0.044), Fish Fillets (0.044), and Non-fillet Fresh Fish (0.044). 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.

Diversification Frontier

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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.

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