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Pricing

2023
Flag → Flag
Exports $21.6kRnk 211 / 215
2023
Flag → Flag
Top Product $19.9kMachinery Having Individual Functions
2023
Flag → Flag
Exports $49.3kRnk 12 / 53
2023
Flag → Flag
Top Product $28.5kPlywood
2023
Flag
Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
Flag  
GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH16%CURRENT US$
Rnk 150 / 195
2023
Flag
GDP PC $53,431CURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195

About

Canada-British Indian Ocean Territory Trade: In 2023, Canada exported $21.6k to British Indian Ocean Territory. The main products that Canada exported to British Indian Ocean Territory were Machinery Having Individual Functions ($19.9k) and Fairground Amusements ($1.7k). Over the past 5 years the exports of Canada to British Indian Ocean Territory have decreased at an annualized rate of 46.5%, from $491k in 2018 to $21.6k in 2023.

In 2023, Canada did not export any services to British Indian Ocean Territory.

British Indian Ocean Territory-Canada Trade: In 2023, British Indian Ocean Territory exported $49.3k to Canada. The main products that British Indian Ocean Territory exported to Canada were Plywood ($28.5k), Collector's Items ($10.2k), and Electrical Lighting and Signalling Equipment ($3.89k). Over the past 5 years the exports of British Indian Ocean Territory to Canada have decreased at an annualized rate of 8.15%,  from $75.4k in 2018 to $49.3k in 2023.

In 2023, British Indian Ocean Territory did not export any services to Canada.

Comparison In 2023,  Canada ranked 30 in the Economic Complexity Index (ECI 0.9),  and 10 in total exports ($574B). That same year, British Indian Ocean Territory ranked 209 in total exports ($23.5M), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

About

Overview In October 2024, Canada exported C$4.23k and imported C$19.4k from British Indian Ocean Territory, resulting in a negative trade balance of C$15.2k. Between October 2023 and October 2024 the exports of Canada have increased by C$1.94k (84.5%) from C$2.29k to C$4.23k, while imports increased by C$19.4k (55.5k%) from C$35 to C$19.4k.

Trade In October 2024, the top exports of Canada to British Indian Ocean Territory were . In October 2024 the top imports of Canada from British Indian Ocean Territory were Other Iron Products (C$127), Low-voltage Protection Equipment (C$41), Knit Men's Shirts (C$10), and Electrical Resistors (C$6).

Origins In October 2024 the exports of Canada were mainly from N/A, while imports destinations were mainly Ontario (C$16.9k), Manitoba (C$2.56k), and British Columbia (C$38).

Growth In October 2024, the increase in Canada's year-by-year exports to British Indian Ocean Territory was explained primarily by an increase in product exports in . In December 2024, the increase in Canada's year-by-year imports  from British Indian Ocean Territory was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)C$1.94k(84.5%)
IMPORT GROWTH (December 2023 - December 2024)C$19.4k(55.5k%)

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check British Indian Ocean Territory and Canada trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Canada exported $21.6k to British Indian Ocean Territory. The main products exported from Canada to British Indian Ocean Territory were Machinery Having Individual Functions ($19.9k) and Fairground Amusements ($1.7k). During the last 5 years the exports of Canada to British Indian Ocean Territory have decreased at an annualized rate of 46.5%, from $491k in 2018 to $21.6k in 2023.

In 2018, British Indian Ocean Territory exported $49.3k to Canada. The main products exported from British Indian Ocean Territory to Canada were Plywood ($28.5k), Collector's Items ($10.2k), and Electrical Lighting and Signalling Equipment ($3.89k). During the last 5 years the exports of British Indian Ocean Territory to Canada have decreased at an annualized rate of 8.15%, from $75.4k in 2023 to $49.3k in 2018.

Exports from Canada (Flag) to British Indian Ocean Territory (Flag) (2023)

Exports from British Indian Ocean Territory (Flag) to Canada (Flag) (2023)

Market Competitiveness

Color
Canada
Top DestinationUnited States$410B
British Indian Ocean Territory
Top DestinationSingapore$20.2M

This map shows whether countries import more from Canada or British Indian Ocean Territory. Each country is colored based on the difference in imports they receive from Canada and British Indian Ocean Territory or the difference in the growth in imports.

In 2023, countries that imported more from Canada than British Indian Ocean Territory included United States ($410B), China ($31.1B), and United Kingdom ($18B).

In 2023, no countries were registered that imported more from British Indian Ocean Territory than from Canada.

Difference in imports from British Indian Ocean Territory (Flag) and Canada (Flag) (2023)

Comparative Advantage Canada - British Indian Ocean Territory

Flow
Scale

This chart compares trade between Canada and British Indian Ocean Territory by product, considering products traded by both, Canada and British Indian Ocean Territory.

During 2023, Canada had a large net trade with British Indian Ocean Territory in the exports of Machines ($19.9k) and Miscellaneous ($1.7k).

During 2018, British Indian Ocean Territory had a large net trade with Canada in the exports of Wood Products ($28.5k), Arts and Antiques ($10.2k), and Machines ($7.31k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Canada and British Indian Ocean Territory. This means that a dot/product with the flag of Canada indicates it has a comparative advantage over British Indian Ocean Territory. Similarly, a dot/product with the flag of British Indian Ocean Territory indicates it has a comparative advantage over Canada.

Product Space of Canada (Flag) and British Indian Ocean Territory (Flag) (2023)

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