2023
Flag  
GDP
$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH
6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
GDP PC 
$39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH
9.11%CURRENT US$
Rnk 136 / 195

About

Italy-British Virgin Islands Trade: In 2023, Italy exported $83.2M to British Virgin Islands. The main products that Italy exported to British Virgin Islands were Recreational Boats ($78.8M), Stone Processing Machines ($928k), and Metal Molds ($783k). Over the past 5 years the exports of Italy to British Virgin Islands have decreased at an annualized rate of 18.3%, from $229M in 2018 to $83.2M in 2023.

In 2023, Italy did not export any services to British Virgin Islands.

British Virgin Islands-Italy Trade: In 2023, British Virgin Islands exported $4.27M to Italy. The main products that British Virgin Islands exported to Italy were Recreational Boats ($4.22M), Other Floating Structures ($18.6k), and Synthetic Reconstructed Jewellery Stones ($8.17k). Over the past 5 years the exports of British Virgin Islands to Italy have decreased at an annualized rate of 26.7%,  from $20.1M in 2018 to $4.27M in 2023.

In 2023, British Virgin Islands did not export any services to Italy.

Comparison In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29),  and 6 in total exports ($638B). That same year, British Virgin Islands ranked 178 in total exports ($281M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $83.2M to British Virgin Islands. The main products exported from Italy to British Virgin Islands were Recreational Boats ($78.8M), Stone Processing Machines ($928k), and Metal Molds ($783k). During the last 5 years the exports of Italy to British Virgin Islands have decreased at an annualized rate of 18.3%, from $229M in 2018 to $83.2M in 2023.

In 2018, British Virgin Islands exported $4.27M to Italy. The main products exported from British Virgin Islands to Italy were Recreational Boats ($4.22M), Other Floating Structures ($18.6k), and Synthetic Reconstructed Jewellery Stones ($8.17k). During the last 5 years the exports of British Virgin Islands to Italy have decreased at an annualized rate of 26.7%, from $20.1M in 2023 to $4.27M in 2018.

Exports from Italy (Flag) to British Virgin Islands (Flag) (2023)

Exports from British Virgin Islands (Flag) to Italy (Flag) (2023)

Market Competitiveness

Color
Italy
Top Destination
Germany$71.4B
British Virgin Islands
Top Destination
Malta$93.7M

This map shows whether countries import more from Italy or British Virgin Islands. Each country is colored based on the difference in imports they receive from Italy and British Virgin Islands or the difference in the growth in imports.

In 2023, countries that imported more from Italy than British Virgin Islands included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

In 2023, no countries were registered that imported more from British Virgin Islands than from Italy.

Difference in imports from British Virgin Islands (Flag) and Italy (Flag) (2023)

Comparative Advantage Italy - British Virgin Islands

Flow
Scale

This chart compares trade between Italy and British Virgin Islands by product, considering products traded by both, Italy and British Virgin Islands.

During 2023, Italy had a large net trade with British Virgin Islands in the exports of Transportation ($78.9M), Machines ($2.01M), and Foodstuffs ($691k).

During 2018, British Virgin Islands had a large net trade with Italy in the exports of Transportation ($4.24M), Precious Metals ($8.17k), and Machines ($5.41k).

Economic Complexity

Competitive Landscape

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

Product Space of Italy (Flag) and British Virgin Islands (Flag) (2023)

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