2022
Flag
 GDP
$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH
16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC
$49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH
11%CURRENT US$
Rnk 112 / 186

About

British Virgin Islands-Belgium Trade: In 2022, British Virgin Islands exported $158k to Belgium. The main products that British Virgin Islands exported to Belgium were Machinery Having Individual Functions ($74.4k), Other Heating Machinery ($67.7k), and Iron Stovetops ($10.1k). Over the past 5 years the exports of British Virgin Islands to Belgium have increased at an annualized rate of 66.9%, from $12.2k in 2017 to $158k in 2022.

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

Belgium-British Virgin Islands Trade: In 2022, Belgium exported $594k to British Virgin Islands. The main products that Belgium exported to British Virgin Islands were Acrylic Polymers ($307k), Other Frozen Vegetables ($86.4k), and Machinery Having Individual Functions ($78.7k). Over the past 5 years the exports of Belgium to British Virgin Islands have increased at an annualized rate of 14.1%,  from $307k in 2017 to $594k in 2022.

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

Comparison In 2022,  British Virgin Islands ranked 185 in total exports ($206M), and does not have data regarding Economic Complexity Index. That same year, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, British Virgin Islands exported $158k to Belgium. The main products exported from British Virgin Islands to Belgium were Machinery Having Individual Functions ($74.4k), Other Heating Machinery ($67.7k), and Iron Stovetops ($10.1k). During the last 5 years the exports of British Virgin Islands to Belgium have increased at an annualized rate of 66.9%, from $12.2k in 2017 to $158k in 2022.

In 2017, Belgium exported $594k to British Virgin Islands. The main products exported from Belgium to British Virgin Islands were Acrylic Polymers ($307k), Other Frozen Vegetables ($86.4k), and Machinery Having Individual Functions ($78.7k). During the last 5 years the exports of Belgium to British Virgin Islands have increased at an annualized rate of 14.1%, from $307k in 2022 to $594k in 2017.

Exports from British Virgin Islands (Flag) to Belgium (Flag) (2022)

Exports from Belgium (Flag) to British Virgin Islands (Flag) (2022)

Latest Data

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

Belgium Exports

Market Competitiveness

Color
British Virgin Islands
Top Destination
Malta$85.8M
Belgium
Top Destination
Germany$91.9B

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 2022, countries that imported more from British Virgin Islands than Belgium included Montserrat ($24.9k).

In 2022, countries that imported more from Belgium than British Virgin Islands included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

Difference in imports from Belgium (Flag) and British Virgin Islands (Flag) (2022)

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 2022, British Virgin Islands had a large net trade with Belgium in the exports of Machines ($142k), Metals ($10.1k), and Animal Hides ($3.21k).

During 2017, Belgium had a large net trade with British Virgin Islands in the exports of Plastics and Rubbers ($312k), Machines ($115k), and Foodstuffs ($103k).

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) (2022)

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