NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Product
Exports | Imports $281M | $857M178 of 226 |  186 of 226
2023
Per Capita Product
Exports | Imports $7.21k | $22k50 of 220 |  59 of 220

About

Overview In 2023 British Virgin Islands was the number 178 economy in the world in terms of total exports and the number 186 in total imports.

Exports The top exports of British Virgin Islands are Recreational Boats ($94.9M), Refined Petroleum ($52.7M), Planes, Helicopters, and/or Spacecraft ($39.5M), Passenger and Cargo Ships ($29.3M), and Molasses ($15.5M), exporting mostly to Malta ($93.7M), Guyana ($61.6M), Greece ($30.3M), Germany ($18.8M), and Indonesia ($11.5M).

Imports The top imports of British Virgin Islands are Recreational Boats ($263M), Refined Petroleum ($93.7M), Planes, Helicopters, and/or Spacecraft ($73.1M), Passenger and Cargo Ships ($71.1M), and Railway Cargo Containers ($31.9M), importing mostly from United States ($292M), Italy ($83.2M), France ($73.5M), China ($72.2M), and Luxembourg ($39.8M).

Latest Trends

Latest Trade

Flow
View
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.

* 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.

Subscribe today to OEC pro and access the latest data

Sign Up

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

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2023)Recreational Boats$94.9M
Top Destination (2023)Malta$93.7M

In 2023, British Virgin Islands exported a total of $281M, making it the number 178 exporter in the world. During the last five reported years the exports of British Virgin Islands have changed by -$46.8M from $328M in 2018 to $281M in 2023.

The most recent exports are led by Recreational Boats ($94.9M), Refined Petroleum ($52.7M), Planes, Helicopters, and/or Spacecraft ($39.5M), Passenger and Cargo Ships ($29.3M), and Molasses ($15.5M). The most common destination for the exports of British Virgin Islands are Malta ($93.7M), Guyana ($61.6M), Greece ($30.3M), Germany ($18.8M), and Indonesia ($11.5M).

Explore Visualizations

Exports (2023)
[Click to Select a Product]

Destinations (2023)
[Click to Select a Country]

Market Growth

Flow
View
Growth
Fastest Growing Export Markets (2022 - 2023)
Guyana$61.6M (+ 74.5k%)
Greece$29.3M (+ 3.1k%)
Germany$16.8M (+ 830%)
Fastest Growing Import Markets (2022 - 2023)
Luxembourg$39.8M (+ 14.1M%)
Austria$31M (+ 10.5k%)
Denmark$22.5M (+ 166%)

Total Export Growth by Market (2022 - 2023)

Potential Exports

Potential Exports

Type
Flow
Depth
View
Sort By

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Most Specialized Products by RCA Index

British Virgin Islands has a high level of specialization in Molasses (767), Recreational Boats (469), Passenger and Cargo Ships (37.7), Precious Stones (37.2), and Planes, Helicopters, and/or Spacecraft (22.5). 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 Epoxides, epoxyalcohols, epoxyphenols and epoxyethers; with a three-membered ring and their halogenated,... (1.41), Acrylic polymers in primary forms (1.18), Newspapers, journals and periodicals, whether or not illustrated or containing advertising material (1.14), Circuits; printed (1.13), and Paintings, drawings, pastels, executed entirely by hand; not drawings of heading no.... (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 Precious Metal Watches (0.055), Crude Petroleum (0.054), Scrap Lead (0.051), Non-fillet Fresh Fish (0.049), and Crustaceans (0.049). 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.

Relatedness Space (2023)

Diversification Frontier

Filter
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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms