Portugal (PRT) and British Virgin Islands (VGB) Trade | The Observatory of Economic Complexity

About

Portugal-British Virgin Islands In 2022, Portugal exported $728k to British Virgin Islands. The main products that Portugal exported to British Virgin Islands are Recreational Boats ($548k), Wood Carpentry ($83.7k), and Blank Audio Media ($11.8k). During the last 27 years the exports of Portugal to British Virgin Islands have increased at an annualized rate of 29.5%, from $674 in 1995 to $728k in 2022.

In 2022, Portugal did not export any services to British Virgin Islands.

British Virgin Islands-Portugal In 2022, British Virgin Islands exported $607k to Portugal. The main products that British Virgin Islands exported to Portugal were Recreational Boats ($369k), Printed Circuit Boards ($164k), and Electrical Control Boards ($73.7k). During the last 27 years the exports of British Virgin Islands to Portugal have increased at an annualized rate of 4.81%, from $171k in 1995 to $607k in 2022.

In 2022, British Virgin Islands did not export any services to Portugal.

Comparison In 2022, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, British Virgin Islands ranked 185 in total exports ($206M), and does not have data regarding Economic Complexity Index.

Latest Trends

February, 2024

About

Overview In February 2024, Portugal exported €38.7k and imported €9 from British Virgin Islands, resulting in a positive trade balance of €38.6k. Between February 2023 and February 2024 the exports of Portugal have increased by €38.3k (10.8k%) from €356 to €38.7k, while imports increased by €6 (200%) from €3 to €9.

Trade In February 2024, the top exports of Portugal to British Virgin Islands were Food residues & wastes; animal fodder (€356), Live animals (€0), Meat & edible offal (€0), Fish, crustaceans, & molluscs (€0), and Edible products of animal origin, n.e.s. (€0). In February 2024 the top imports of Portugal from British Virgin Islands were Misc. manufactures (€4), Live animals (€0), Meat & edible offal (€0), Fish, crustaceans, & molluscs (€0), and Edible products of animal origin, n.e.s. (€0).

Growth In February 2024, the increase in Portugal's year-by-year exports to British Virgin Islands was explained primarily by an increase in product exports in . In February 2024, the increase in Portugal's year-by-year imports from British Virgin Islands was explained primarily by an increase in product imports in .

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)€38.3k(10.8k%)

IMPORT GROWTH (February 2023 - February 2024)€6(200%)

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

To check British Virgin Islands and Portugal trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Portugal exported $728k to British Virgin Islands. The main products exported from Portugal to British Virgin Islands were Recreational Boats ($548k), Wood Carpentry ($83.7k), and Blank Audio Media ($11.8k). During the last 27 years the exports of Portugal to British Virgin Islands have increased at an annualized rate of 29.5%, from $674 in 1995 to $728k in 2022.

In 2022, British Virgin Islands exported $607k to Portugal. The main products exported from British Virgin Islands to Portugal were Recreational Boats ($369k), Printed Circuit Boards ($164k), and Electrical Control Boards ($73.7k). During the last 24 years the exports of British Virgin Islands to Portugal have increased at an annualized rate of 4.81%, from $171k in 1998 to $607k in 2022.

Exports from Portugal () to British Virgin Islands () (2022)

Exports from British Virgin Islands () to Portugal () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Portugal
Top DestinationSpain$20.5B

British Virgin Islands
Top DestinationMalta$85.8M

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

In 2021, countries that imported more from Portugal than British Virgin Islands were Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

In 2021, countries that imported more from British Virgin Islands than Portugal were Malta ($85.8M) and Montserrat ($24.9k).

Difference in imports from British Virgin Islands () and Portugal () (2022)

Comparative Advantage Portugal - British Virgin Islands

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Portugal had a large net trade with British Virgin Islands in the exports of Transportation ($548k), Wood Products ($83.8k), and Foodstuffs ($33.7k).

During 2022, British Virgin Islands had a large net trade with Portugal in the exports of Transportation ($369k), Machines ($238k), and Paper Goods ($216).

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Portugal has comparative advantage over British Virgin Islands. Similarly, the more yellow a dot/product is, the more British Virgin Islands has comparative advantage over Portugal.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from Portugal () to British Virgin Islands () (2022)

Exports from British Virgin Islands () to Portugal () (2022)

Market Competitiveness

Difference in imports from British Virgin Islands () and Portugal () (2022)

Comparative Advantage Portugal - British Virgin Islands

Economic Complexity

Competitive Landscape

Product Space of Portugal () and British Virgin Islands () (2022)

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