2023
Flag  
GDP
$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH
21.4%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC 
$49,464CURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP PC GROWTH
13.9%CURRENT US$
Rnk 124 / 195

About

United Kingdom-British Indian Ocean Territory Trade: In 2023, United Kingdom exported $80.2k to British Indian Ocean Territory. The main products that United Kingdom exported to British Indian Ocean Territory were Electric Heaters ($23.1k), Other Edible Preparations ($18.3k), and Computers ($5.78k). Over the past 5 years the exports of United Kingdom to British Indian Ocean Territory have increased at an annualized rate of 44.2%, from $12.9k in 2018 to $80.2k in 2023.

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

British Indian Ocean Territory-United Kingdom Trade: In 2023, British Indian Ocean Territory exported $3.83k to United Kingdom. The main products that British Indian Ocean Territory exported to United Kingdom were Collector's Items ($2.08k) and Textile Footwear ($1.75k). Over the past 5 years the exports of British Indian Ocean Territory to United Kingdom have decreased at an annualized rate of 2.74%,  from $4.4k in 2018 to $3.83k in 2023.

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

Comparison In 2023,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5),  and 14 in total exports ($429B). That same year, British Indian Ocean Territory ranked 209 in total exports ($23.5M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United Kingdom exported $80.2k to British Indian Ocean Territory. The main products exported from United Kingdom to British Indian Ocean Territory were Electric Heaters ($23.1k), Other Edible Preparations ($18.3k), and Computers ($5.78k). During the last 5 years the exports of United Kingdom to British Indian Ocean Territory have increased at an annualized rate of 44.2%, from $12.9k in 2018 to $80.2k in 2023.

In 2018, British Indian Ocean Territory exported $3.83k to United Kingdom. The main products exported from British Indian Ocean Territory to United Kingdom were Collector's Items ($2.08k) and Textile Footwear ($1.75k). During the last 5 years the exports of British Indian Ocean Territory to United Kingdom have decreased at an annualized rate of 2.74%, from $4.4k in 2023 to $3.83k in 2018.

Exports from United Kingdom (Flag) to British Indian Ocean Territory (Flag) (2023)

Exports from British Indian Ocean Territory (Flag) to United Kingdom (Flag) (2023)

Market Competitiveness

Color
United Kingdom
Top Destination
United States$59.7B

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

In 2023, countries that imported more from United Kingdom than British Indian Ocean Territory included United States ($59.7B), China ($35.3B), and Germany ($34.6B).

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

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

Comparative Advantage United Kingdom - British Indian Ocean Territory

Flow
Scale

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

During 2023, United Kingdom had a large net trade with British Indian Ocean Territory in the exports of Machines ($44.2k), Foodstuffs ($26.6k), and Miscellaneous ($3.66k).

During 2018, British Indian Ocean Territory had a large net trade with United Kingdom in the exports of Arts and Antiques ($2.08k) and Footwear and Headwear ($1.75k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of United Kingdom and British Indian Ocean Territory. This means that a dot/product with the flag of United Kingdom 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 United Kingdom.

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

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