Us Virgin Islands

State in United States

2019
Economic
Complexity
: -0.45, Rank 51 of 53

Jan 2021
Trade
Exports | Imports
: $134M | $6.17M, 51 of 54 | 54 of 54

Jan 2021
Country
Destination | Origin
: Netherlands | Mexico , $73.2M  | $2.02M

Jan 2021
Product
Exports | Imports
: Refined Petroleum | Petroleum Gas , $133M  | $2.22M

Overview: This page contains the latest international trade data for US Virgin Islands, including export and import data.

Exports: In 2020, United States' Us Virgin Islands exported $591M, making it the 52nd largest exporter out of the 53 exporters in United States. In 2020 the top exports of Us Virgin Islands were Light petroleum distillates nes ($351M), Petroleum spirit for motor vehicles ($217M), Motorboats, other than outboard motorboats ($9.37M), Parts for spark-ignition engines except aircraft ($2.7M), and Jewellery and parts of precious metal... ($1.85M).

Imports: In 2020, United States' Us Virgin Islands imported $626M, making it the 52nd largest importer out of the 53 importers in United States. In 2020 top imports of Us Virgin Islands were Petroleum spirit for motor vehicles ($402M), Articles of, or clad with, precious... ($106M), Light petroleum distillates nes ($66.9M), Cane molasses ($15.1M), and Petroleum oils, oils from bituminous minerals,... ($7.17M).

Economic Complexity: In 2019, the highest complexity exports of Us Virgin Islands according to the product complexity index (PCI) are Sound Recording Equipment (0.4), Aluminium Gas Containers (0.29), Recreational Boats (0.15), Base Metal Watches (-0.019), and Silicates (-0.084). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

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This section shows the differences between US Virgin Islands's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit United States's country profile.

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Yearly Exports

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Top Destination (2020): Netherlands, $90M

Top Product (2020): Light petroleum distillates nes, $351M

In 2020 the top export destinations of Us Virgin Islands were Netherlands ($90M), Guadeloupe ($83M), Bahamas ($58.6M), Ecuador ($49.9M), and Trinidad and Tobago ($33.8M).

In 2020 the top exports of Us Virgin Islands were Light petroleum distillates nes ($351M), Petroleum spirit for motor vehicles ($217M), Motorboats, other than outboard motorboats ($9.37M), Parts for spark-ignition engines except aircraft ($2.7M), and Jewellery and parts of precious metal... ($1.85M).

Exports Dynamics

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Fastest Growing Exports Destination (Jan 2020 - Jan 2021)

Rapidly Declining Export Origins (Jan 2020 - Jan 2021)

Yearly Imports

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Top Origin (2020): Portugal, $174M

Top Import (2020): Petroleum spirit for motor vehicles, $402M

In 2020 the top import origins of Us Virgin Islands were Portugal ($174M), Sweden ($148M), Hong Kong ($108M), Brazil ($48M), and India ($41M).

In 2020 the top imports of Us Virgin Islands were Petroleum spirit for motor vehicles ($402M), Articles of, or clad with, precious... ($106M), Light petroleum distillates nes ($66.9M), Cane molasses ($15.1M), and Petroleum oils, oils from bituminous minerals,... ($7.17M).

Imports Dynamics

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Fastest Growing Import Origins (Jan 2020 - Jan 2021)

Rapidly Declining Import Origins (Jan 2020 - Jan 2021)

Economic Complexity

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Economic Complexity of United States

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Us Virgin Islands ranks 51st out of the 53 states and territories in United States according to ECI.

Estimated using exports data.

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Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were Us Virgin Islands already has a comparative advantage, are led by Nitrogen Heterocyclic Compounds (0.022), Precious Metal Watches (0.02), Diamonds (0.018), Telephones (0.017), and Surveying Equipment (0.017).

Most Complex Products by PCI

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The highest complexity exports of Us Virgin Islands according to the product complexity index (PCI) are Sound Recording Equipment (0.4), Aluminium Gas Containers (0.29), Recreational Boats (0.15), Base Metal Watches (-0.019), and Silicates (-0.084). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

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The most specialized products according to the RCA index are led by Refined Petroleum (24.7), Metal-Clad Products (13.9), Pearl Products (13.2), Stranded Aluminium Wire (10.7), and Recreational Boats (6.59).

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 Us Virgin Islands is 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.

Relatedness Space

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This network shows the products most related to the production structure of  Us Virgin Islands. These are products that tend to be co-exported with the products that Us 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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The Complexity-Relatedness diagram compares the risk and the strategic value of a territory'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.