2023
Flag
 GDP
$363BCURRENT US$
Rnk 42 / 195
2013-2023
Flag
GDP GROWTH
-4.87%CURRENT US$
Rnk 176 / 195
2023
Flag
GDP PC
$6,947CURRENT US$
Rnk 104 / 196
2013-2023
Flag
GDP PC GROWTH
-16.1%CURRENT US$
Rnk 173 / 195

About

British Virgin Islands-Colombia Trade: In 2023, British Virgin Islands exported $173k to Colombia. The main products that British Virgin Islands exported to Colombia were Other Agricultural Machinery ($163k), Insulated Wire ($6.08k), and Air Pumps ($2.91k). Over the past 5 years the exports of British Virgin Islands to Colombia have decreased at an annualized rate of 43.9%, from $3.1M in 2018 to $173k in 2023.

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

Colombia-British Virgin Islands Trade: In 2023, Colombia exported $581k to British Virgin Islands. The main products that Colombia exported to British Virgin Islands were Aluminium Structures ($262k), Other Floating Structures ($74.4k), and Industrial Food Preperation Machinery ($56.6k). Over the past 5 years the exports of Colombia to British Virgin Islands have decreased at an annualized rate of 17%,  from $1.47M in 2018 to $581k in 2023.

In 2023, Colombia 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, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, British Virgin Islands exported $173k to Colombia. The main products exported from British Virgin Islands to Colombia were Other Agricultural Machinery ($163k), Insulated Wire ($6.08k), and Air Pumps ($2.91k). During the last 5 years the exports of British Virgin Islands to Colombia have decreased at an annualized rate of 43.9%, from $3.1M in 2018 to $173k in 2023.

In 2018, Colombia exported $581k to British Virgin Islands. The main products exported from Colombia to British Virgin Islands were Aluminium Structures ($262k), Other Floating Structures ($74.4k), and Industrial Food Preperation Machinery ($56.6k). During the last 5 years the exports of Colombia to British Virgin Islands have decreased at an annualized rate of 17%, from $1.47M in 2023 to $581k in 2018.

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

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

Latest Data

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

Colombia Exports

Market Competitiveness

Color
British Virgin Islands
Top Destination
Malta$93.7M
Colombia
Top Destination
United States$14.8B

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

In 2023, countries that imported more from British Virgin Islands than Colombia included Malta ($93.7M), Guyana ($61.6M), and Greece ($30.3M).

In 2023, countries that imported more from Colombia than British Virgin Islands included United States ($14.8B), Panama ($4.66B), and India ($2.51B).

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

Comparative Advantage British Virgin Islands - Colombia

Flow
Scale

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

During 2023, British Virgin Islands had a large net trade with Colombia in the exports of Machines ($172k) and Chemical Products ($1.26k).

During 2018, Colombia had a large net trade with British Virgin Islands in the exports of Metals ($268k), Transportation ($96.1k), and Machines ($56.6k).

Economic Complexity

Competitive Landscape

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

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

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