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2023
Flag → Flag
Exports $4.27MRnk 8 / 82
2023
Flag → Flag
Top Product $4.22MRecreational Boats
2023
Flag → Flag
Exports $83.2MRnk 124 / 219
2023
Flag → Flag
Top Product $78.8MRecreational Boats
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag
 GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
GDP PC$39,003CURRENT US$
Rnk 32 / 196
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195

About

British Virgin Islands-Italy Trade: In 2023, British Virgin Islands exported $4.27M to Italy. The main products that British Virgin Islands exported to Italy were Recreational Boats ($4.22M), Other Floating Structures ($18.6k), and Synthetic Reconstructed Jewellery Stones ($8.17k). Over the past 5 years the exports of British Virgin Islands to Italy have decreased at an annualized rate of 26.7%, from $20.1M in 2018 to $4.27M in 2023.

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

Italy-British Virgin Islands Trade: In 2023, Italy exported $83.2M to British Virgin Islands. The main products that Italy exported to British Virgin Islands were Recreational Boats ($78.8M), Stone Processing Machines ($928k), and Metal Molds ($783k). Over the past 5 years the exports of Italy to British Virgin Islands have decreased at an annualized rate of 18.3%,  from $229M in 2018 to $83.2M in 2023.

In 2023, Italy 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, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, British Virgin Islands exported $4.27M to Italy. The main products exported from British Virgin Islands to Italy were Recreational Boats ($4.22M), Other Floating Structures ($18.6k), and Synthetic Reconstructed Jewellery Stones ($8.17k). During the last 5 years the exports of British Virgin Islands to Italy have decreased at an annualized rate of 26.7%, from $20.1M in 2018 to $4.27M in 2023.

In 2018, Italy exported $83.2M to British Virgin Islands. The main products exported from Italy to British Virgin Islands were Recreational Boats ($78.8M), Stone Processing Machines ($928k), and Metal Molds ($783k). During the last 5 years the exports of Italy to British Virgin Islands have decreased at an annualized rate of 18.3%, from $229M in 2023 to $83.2M in 2018.

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

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

Latest Data

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

Italy Exports

Market Competitiveness

Color
British Virgin Islands
Top DestinationMalta$93.7M
Italy
Top DestinationGermany$71.4B

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

In 2023, no countries were registered that imported more from British Virgin Islands than from Italy.

In 2023, countries that imported more from Italy than British Virgin Islands included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

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

Comparative Advantage British Virgin Islands - Italy

Flow
Scale

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

During 2023, British Virgin Islands had a large net trade with Italy in the exports of Transportation ($4.24M), Precious Metals ($8.17k), and Machines ($5.41k).

During 2018, Italy had a large net trade with British Virgin Islands in the exports of Transportation ($78.9M), Machines ($2.01M), and Foodstuffs ($691k).

Economic Complexity

Competitive Landscape

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

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

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