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2023
Flag → Flag
Exports $49.3kRnk 12 / 53
2023
Flag → Flag
Top Product $28.5kPlywood
2023
Flag → Flag
Exports $21.6kRnk 211 / 215
2023
Flag → Flag
Top Product $19.9kMachinery Having Individual Functions
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 / 196
2013-2023
Flag
GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195

About

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.

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.

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 2018 to $49.3k in 2023.

In 2018, 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 2023 to $21.6k in 2018.

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

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

Latest Data

Trade between British Indian Ocean Territory (Flag) and Canada (Flag)

Canada Exports

Market Competitiveness

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

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

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

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

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

Comparative Advantage British Indian Ocean Territory - Canada

Flow
Scale

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

During 2023, 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).

During 2018, Canada had a large net trade with British Indian Ocean Territory in the exports of Machines ($19.9k) and Miscellaneous ($1.7k).

Economic Complexity

Competitive Landscape

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

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

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