2023
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GDP
$501BCURRENT US$
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GDP GROWTH
63%CURRENT US$
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2023
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$84,734CURRENT US$
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48.7%CURRENT US$
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About

Singapore-British Virgin Islands Trade: In 2023, Singapore exported $224k to British Virgin Islands. The main products that Singapore exported to British Virgin Islands were LCDs ($125k), Broadcasting Equipment ($74.7k), and Packaged Medicaments ($6.06k). Over the past 5 years the exports of Singapore to British Virgin Islands have decreased at an annualized rate of 28.9%, from $1.23M in 2018 to $224k in 2023.

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

British Virgin Islands-Singapore Trade: In 2023, British Virgin Islands exported $3.69k to Singapore. The main products that British Virgin Islands exported to Singapore were Electrical Power Accessories ($2.24k), Knit Women's Suits ($689), and Oxygen Amino Compounds ($376). Over the past 5 years the exports of British Virgin Islands to Singapore have decreased at an annualized rate of 43.2%,  from $62.4k in 2018 to $3.69k in 2023.

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

Comparison In 2023,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.62),  and 24 in total exports ($333B). 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, Singapore exported $224k to British Virgin Islands. The main products exported from Singapore to British Virgin Islands were LCDs ($125k), Broadcasting Equipment ($74.7k), and Packaged Medicaments ($6.06k). During the last 5 years the exports of Singapore to British Virgin Islands have decreased at an annualized rate of 28.9%, from $1.23M in 2018 to $224k in 2023.

In 2018, British Virgin Islands exported $3.69k to Singapore. The main products exported from British Virgin Islands to Singapore were Electrical Power Accessories ($2.24k), Knit Women's Suits ($689), and Oxygen Amino Compounds ($376). During the last 5 years the exports of British Virgin Islands to Singapore have decreased at an annualized rate of 43.2%, from $62.4k in 2023 to $3.69k in 2018.

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

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

Latest Data

Trade between Singapore (Flag) and British Virgin Islands (Flag)

Singapore Exports

Market Competitiveness

Color
Singapore
Top Destination
Hong Kong$44.5B
British Virgin Islands
Top Destination
Malta$93.7M

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

In 2023, countries that imported more from Singapore than British Virgin Islands included Hong Kong ($44.5B), China ($36.7B), and United States ($32.9B).

In 2023, countries that imported more from British Virgin Islands than Singapore included Malta ($93.7M), Guyana ($61.6M), and Antigua and Barbuda ($516k).

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

Comparative Advantage Singapore - British Virgin Islands

Flow
Scale

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

During 2023, Singapore had a large net trade with British Virgin Islands in the exports of Instruments ($125k), Machines ($80.7k), and Chemical Products ($11.7k).

During 2018, British Virgin Islands had a large net trade with Singapore in the exports of Machines ($2.24k), Textiles ($689), and Chemical Products ($376).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Singapore and British Virgin Islands. This means that a dot/product with the flag of Singapore 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 Singapore.

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

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