2023
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 GDP
$645BCURRENT US$
Rnk 23 / 195
2013-2023
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GDP GROWTH
23%CURRENT US$
Rnk 132 / 195
2023
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GDP PC
$54,701CURRENT US$
Rnk 20 / 196
2013-2023
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GDP PC GROWTH
16.5%CURRENT US$
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About

British Virgin Islands-Belgium Trade: In 2023, British Virgin Islands exported $157k to Belgium. The main products that British Virgin Islands exported to Belgium were Other Heating Machinery ($83.6k), Machinery Having Individual Functions ($64.8k), and Plastic Lids ($8.01k). Over the past 5 years the exports of British Virgin Islands to Belgium have decreased at an annualized rate of 23.1%, from $585k in 2018 to $157k in 2023.

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

Belgium-British Virgin Islands Trade: In 2023, Belgium exported $203k to British Virgin Islands. The main products that Belgium exported to British Virgin Islands were Paintings ($75.3k), Other Frozen Vegetables ($32.2k), and Electrical Transformers ($20.6k). Over the past 5 years the exports of Belgium to British Virgin Islands have increased at an annualized rate of 5.17%,  from $158k in 2018 to $203k in 2023.

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

Comparison In 2023,  British Virgin Islands ranked 178 in total exports ($281M), and does not have data regarding Economic Complexity Index. That same year, Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, British Virgin Islands exported $157k to Belgium. The main products exported from British Virgin Islands to Belgium were Other Heating Machinery ($83.6k), Machinery Having Individual Functions ($64.8k), and Plastic Lids ($8.01k). During the last 5 years the exports of British Virgin Islands to Belgium have decreased at an annualized rate of 23.1%, from $585k in 2018 to $157k in 2023.

In 2018, Belgium exported $203k to British Virgin Islands. The main products exported from Belgium to British Virgin Islands were Paintings ($75.3k), Other Frozen Vegetables ($32.2k), and Electrical Transformers ($20.6k). During the last 5 years the exports of Belgium to British Virgin Islands have increased at an annualized rate of 5.17%, from $158k in 2023 to $203k in 2018.

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

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

Latest Data

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

Belgium Exports

Market Competitiveness

Color
British Virgin Islands
Top Destination
Malta$93.7M
Belgium
Top Destination
France$85.6B

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

In 2023, countries that imported more from British Virgin Islands than Belgium included Guyana ($61.6M).

In 2023, countries that imported more from Belgium than British Virgin Islands included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

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

Comparative Advantage British Virgin Islands - Belgium

Flow
Scale

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

During 2023, British Virgin Islands had a large net trade with Belgium in the exports of Machines ($148k), Plastics and Rubbers ($8.01k), and Animal Hides ($355).

During 2018, Belgium had a large net trade with British Virgin Islands in the exports of Arts and Antiques ($75.3k), Foodstuffs ($62.6k), and Machines ($50.3k).

Economic Complexity

Competitive Landscape

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

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

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