2023
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 GDP
$501BCURRENT US$
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2013-2023
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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

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.

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.

Comparison In 2023,  British Virgin Islands ranked 178 in total exports ($281M), and does not have data regarding Economic Complexity Index. That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 2018 to $3.69k in 2023.

In 2018, 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 2023 to $224k in 2018.

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

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

Latest Data

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

Singapore Exports

Market Competitiveness

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

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

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

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).

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

Comparative Advantage British Virgin Islands - Singapore

Flow
Scale

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

During 2023, British Virgin Islands had a large net trade with Singapore in the exports of Machines ($2.24k), Textiles ($689), and Chemical Products ($376).

During 2018, Singapore had a large net trade with British Virgin Islands in the exports of Instruments ($125k), Machines ($80.7k), and Chemical Products ($11.7k).

Economic Complexity

Competitive Landscape

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

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

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