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Pricing

2021
Product
Exports | Imports $253M | $2.12B178 of 226 |  163 of 226
2021
Per Capita Product
Exports | Imports $8.14k | $68.1k45 of 220 |  43 of 220

About

Overview In 2021 British Virgin Islands was the number 178 economy in the world in terms of total exports and the number 163 in total imports.

Exports The top exports of British Virgin Islands are Planes, Helicopters, and/or Spacecraft ($99.2M), Recreational Boats ($90M), Passenger and Cargo Ships ($18.3M), Hydrogen ($7.58M), and Halogens ($4.39M), exporting mostly to Austria ($62.5M), Cyprus ($44.2M), Portugal ($37M), Italy ($21M), and India ($16.3M).

Imports The top imports of British Virgin Islands are Recreational Boats ($1.6B), Refined Petroleum ($124M), Diamonds ($50.1M), Planes, Helicopters, and/or Spacecraft ($29.1M), and Base Metal Watches ($20.7M), importing mostly from Germany ($1B), Cyprus ($238M), United States ($237M), Italy ($171M), and Finland ($103M).

Latest Trends

Latest Trade

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Y-AXIS SCALE

The following section uses the most recent trade data from partners of British Virgin Islands.

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

Flow
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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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2021)Planes, Helicopters, and/or Spacecraft$99.2M
Top Destination (2021)Austria$62.5M

In 2021, British Virgin Islands exported a total of $253M, making it the number 178 exporter in the world. During the last five reported years the exports of British Virgin Islands have changed by -$405M from $658M in 2016 to $253M in 2021.

The most recent exports are led by Planes, Helicopters, and/or Spacecraft ($99.2M), Recreational Boats ($90M), Passenger and Cargo Ships ($18.3M), Hydrogen ($7.58M), and Halogens ($4.39M). The most common destination for the exports of British Virgin Islands are Austria ($62.5M), Cyprus ($44.2M), Portugal ($37M), Italy ($21M), and India ($16.3M).

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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)
Austria$62.4M (+ 51.7k%)
Italy$14.6M (+ 227%)
Germany$14.1M (+ 20.6k%)
Fastest Growing Import Markets (2020 - 2021)
Germany$922M (+ 1.15k%)
Cyprus$221M (+ 1.25k%)
Finland$103M (+ 666k%)

Total Export Growth by Market (2020 - 2021)

Economic Complexity

Most Specialized Products by RCA Index

British Virgin Islands has a high level of specialization in Recreational Boats (308), Halogens (212), Planes, Helicopters, and/or Spacecraft (69.5), Magnesium (64), and Hydrogen (46.3). Specialization is measured using RCA, an index that takes the ratio between British Virgin Islands observed and expected exports in each product.

Most Complex Products by PCI

The highest complexity exports of British Virgin Islands according to the product complexity index (PCI) are Microscopes, compound optical; including those for photomicrography, cinephotomicrography or microprojection (1.28), Machines; for making up paper pulp, paper or paperboard, including cutting machines... (1.17), Circuits; printed (1.1), Provitamins, vitamins; natural or reproduced by synthesis (including natural concentrates) derivatives thereof... (1.04), and Magnesium; articles thereof, including waste and scrap (0.94). 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 Virgin Islands according to the relatedness index, were Rubber (0.044), Live Fish (0.042), Cassava (0.042), Non-fillet Frozen Fish (0.042), and Crustaceans (0.042). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that British Virgin Islands 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 Virgin Islands. These are products that tend to be co-exported with the products that British Virgin Islands 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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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.

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