Br. Virgin Isds

Br. Virgin Isds

Global Trade Profile โ€ข Rank #178 Exporter

$280.48M

Total Exports (2023)

$856.57M

Total Imports (2023)

$576.09M

Trade Deficit

#178

Export Ranking

Trade Flow Visualization

Interactive map showing Br. Virgin Isds's top trading partners. Green lines represent exports, red lines represent imports.

#178

Export Rank

$280.48M

Total Exports

$856.57M

Total Imports

-$576.09M

Trade Balance

30

Trade Partners

๐ŸŒ Top Export Destinations

Top Export Products

#1Motorboats: (other than outboard motorboats), for ...
32.5%$91.24M
#2Petroleum oils and oils from bituminous minerals, ...
18.8%$52.68M
#3Aeroplanes and other aircraft: of an unladen weigh...
14.1%$39.50M
#4Vessels: n.e.c. in heading no. 8901, for the trans...
6.7%$18.71M
#5Sugars: molasses, from sugar beet, resulting from ...
4.9%$13.64M
#6Tankers
3.8%$10.61M
#7Stones: rubies, sapphires and emeralds, worked (ot...
2.0%$5.51M
#8Diamonds: non-industrial, (other than unworked or ...
1.7%$4.89M
#9Jewellery: of precious metal (excluding silver) wh...
1.3%$3.57M
#10Sailboats: with or without auxiliary motor, for pl...
1.2%$3.49M

๐Ÿ“ฅ Top Import Sources

Top Import Products

#1Motorboats: (other than outboard motorboats), for ...
16.3%$139.26M
#2Sailboats: with or without auxiliary motor, for pl...
12.6%$107.76M
#3Petroleum oils and oils from bituminous minerals, ...
10.9%$93.46M
#4Aeroplanes and other aircraft: of an unladen weigh...
8.2%$70.20M
#5Tankers
4.8%$40.83M
#6Containers: (including containers for transport of...
3.7%$31.91M
#7Vessels: n.e.c. in heading no. 8901, for the trans...
3.5%$30.14M
#8Jewellery: of precious metal (excluding silver) wh...
2.3%$19.68M
#9Yachts and other vessels: for pleasure or sports, ...
1.6%$13.76M
#10Soya beans: other than seed, whether or not broken
1.3%$10.72M

๐Ÿ“ˆ Historical Trade Trends (1995-2023)

29 Years

Data Coverage

29

Data Points

๐Ÿ“ˆ

Trend Direction

Br. Virgin Isds Trade Analysis 2023

๐Ÿ“Š Overview

#178
Global Export Rank
1.14B
Total Trade Volume
0.01%
Share of Global Trade

Br. Virgin Isds stands as the world's #178 largest exporter and #186 largest importer, demonstrating emerging market dynamics.

The trade profile reveals a deficit of 576.09 million, reflecting import dependencies for growth.

โš ๏ธ
Trade deficit of 67.3% of imports requires careful management of external financing.
280.48M
Total Exports
856.57M
Total Imports
0.33
Export/Import Ratio

The country maintains active trading relationships with 20 major partners, creating a highly diversified trade network.

Monthly trade flows average $94.75M, generating continuous economic activity across logistics, finance, and trade services.

๐Ÿšข Export Markets

Malta
Guyana
Greece
Germany
Indonesia
Others

Export Market Concentration

33.4%
$93.71M
22.0%
$61.64M
10.8%$30.30M
6.7%$18.82M
4.1%$11.48M
4.1%$11.36M
3.2%$9.02M
13 others
11.7%$32.85M

Export concentration shows Malta as the dominant market at 33.4%. The top three markets control 66.2% of exports.

โš ๏ธ

Market Concentration Risk

Heavy reliance on Malta (33.4% of exports) creates vulnerability to bilateral tensions or economic downturns in that market.
77.0%
Top 5 Markets
88.6%
Top 10 Markets
20
Total Partners

Regional patterns reveal globally balanced access. Secondary markets (USA, Switzerland, Italy) provide $32.65M in additional trade.

๐Ÿ“ฆ Import Sources

Import Source Concentration

34.0%
$291.55M
9.7%$83.21M
8.6%$73.49M
8.4%$72.20M
4.6%$39.76M
4.2%$36.19M
4.2%$36.09M
13 others
21.8%$187.02M

Br. Virgin Isds relies heavily on USA for imports (34.0%),creating supply chain concentration risk.

Manufacturing inputs come primarily from China, Indonesia, reflecting deep integration into Asian production networks. China's dominant position at 72.20 million encompasses electronics components, textiles, machinery parts, and consumer goods, creating both efficiency benefits and concentration risks.

The USA provides 291.55 million (34.0%) in imports, concentrated in agricultural products, aircraft, pharmaceuticals, and advanced technology.The top 10 import sources account for 84.7% of total imports, with the remaining 15% distributed among 10 other suppliers.

Regional sourcing patterns reveal diversified global sourcing. European suppliers including Italy (83.21M), France (73.49M), Netherlands (7.19M) focus on luxury goods, machinery, and specialized chemicals.

Supply chain resilience strategies increasingly emphasize "China Plus One" approaches, with emerging as alternative manufacturing bases. The geographic proximity of major suppliers balances efficiency with risk diversification.

๐Ÿ“ฆ Product Composition

๐Ÿš€ Export Products

Top Export Products

(other than outboard motorboats), for pleasure or ...
32.5%
$91.24M
preparations n.e.c. containing by weight 70% or mo...
18.8%
$52.68M
of an unladen weight exceeding 15,000kg...
14.1%$39.50M
n.e.c. in heading no. 8901, for the transport of g...
6.7%$18.71M
molasses, from sugar beet, resulting from the extr...
4.9%$13.64M
3 others
7.5%$21.01M

Br. Virgin Isds's export economy centers on diversified industrial production, with the leading export being (other than outboard motorboats), for pleasure or sports, other than inflatableat $91.24 million, accounting for 32.5% of total exports.

Vehicle-related products including passenger cars, hybrid vehicles, electric vehicles, and automotive parts total approximately 2.05 million or 0.7% of exports, encompassing 1 distinct product categories. Electronics, semiconductors, and machinery contribute 2.45 million or 0.9% of exports.

The automotive sector's dominance is evident in the export portfolio, with compression-ignition internal combustion piston en... (2.05M). This automotive specialization reflects decades of manufacturing excellence, continuous innovation in fuel efficiency and hybrid technology, and established global brand recognition.

The transition to electric and hybrid vehicles is captured in export data, with 0 categories specifically related to alternative propulsion systems, totaling $0.

Beyond automotive, Br. Virgin Isds maintains strong positions in specialized equipment, electronic components (2.45M), and Motorboats, Petroleum oils and oils from bituminous minerals, not crude, Aeroplanes and other aircraft.

The top 20 export products collectively account for 93.4% of total exports, revealing moderate concentration with room for further diversification.

๐Ÿ›’ Import Products

Top Import Products

(other than outboard motorboats), for pleasure or ...
16.3%
$139.26M
with or without auxiliary motor, for pleasure or s...
12.6%$107.76M
preparations n.e.c. containing by weight 70% or mo...
10.9%$93.46M
of an unladen weight exceeding 15,000kg...
8.2%$70.20M
Tankers
4.8%$40.83M
3 others
9.5%$81.73M

Energy dominates Br. Virgin Isds's import profile, with fossil fuels accounting for 93.46 million or 10.9% of total imports. Crude oil leads at 93.46 million (10.9%), followed by natural gas and coal. This energy import dependency shapes economic policy, inflation dynamics, and strategic relationships with supplier nations.

Beyond energy, critical imports include (other than outboard motorboats), for pl... (139.26M, 16.3%), with or without auxiliary motor, for ple... (107.76M, 12.6%), of an unladen weight exceeding 15,000kg (70.20M, 8.2%), Tankers (40.83M, 4.8%), (including containers for transport of f... (31.91M, 3.7%).

The import product mix reveals structural characteristics of Br. Virgin Isds's economy: and sophisticated consumption patterns.

The ratio of raw materials to finished goods in imports (6 : 14among top 20 products) indicates balanced import composition. Import substitution potential exists in technology sectors through targeted industrial policies and investment.

Product diversification metrics reveal focused product specializationwith implications for economic resilience and growth potential. The technology ladder progression from 4 primary products to 9 high-tech goods indicates the economy's structural transformation and industrial upgrading trajectory.

Value addition opportunities exist in transitioning from raw material exports to processed goods, from components to finished products, and from standard to customized offerings. The product space connectivity, measuring relatedness between current exports and potential new products, suggests need for capability building to enter new product categories.

โš–๏ธ Trade Balance Dynamics

-576.09 million
Trade Deficit โ€ข 50.67% of total trade
PartnerExportsImportsBalance
USA$11.36M$291.55M$-280.19M
Malta$93.71M$0+$93.71M
Italy$4.27M$83.21M$-78.95M
France$2.14M$73.49M$-71.35M
China$0$72.20M$-72.20M

Export-to-import ratio of 0.327 means exports cover 32.7% of import costs.

๐Ÿ”— Key Relationships

Major Trading Partners

PartnerExportsImportsBalance
USA$11.36M$291.55M$-280.19M
Malta$93.71M$0+$93.71M
Italy$4.27M$83.21M$-78.95M
France$2.14M$73.49M$-71.35M
China$0$72.20M$-72.20M
Guyana$61.64M$0+$61.64M
Switzerland$9.02M$36.19M$-27.17M
Luxembourg$0$39.76M$-39.76M
Total$182.13M$596.40M$-414.27M

The Br. Virgin Isds-USA relationship leads at 302.91 million in bilateral trade.View detailed analysis โ†’

Additional major partnerships include Italy (87.48M total trade), France (75.63M total trade), China (72.20M total trade). Regional integration through transatlantic partnerships facilitates technology transfer, market access, and production efficiency. The diversity of trading relationshipsโ€”851.72M across top 10 partnersโ€”provides resilience against bilateral tensions and regional disruptions.

๐Ÿ† Competitive Position

Global rankings position Br. Virgin Isds as the #178 exporter worldwide,in the developing trader category. The country's share of global exports at approximately 0.003%offers opportunities for market share expansion.

Export sophistication, measured by the dominance of technology-intensive products, indicates advanced industrial capabilities. The revealed comparative advantage (RCA) index shows strongest competitiveness in sectors where Br. Virgin Isds's global market share exceeds its overall trade share by factors of 2 or more.

Competitive advantages emerge in sectors where export concentration exceeds import share, particularly in(other than outboard moto, preparations n.e.c. conta, of an unladen weight exce. The revealed comparative advantage is strongest in product categories representing65.4% of exports. Market positioning against regional competitors shows niche specialization opportunities.

Trade complementarity with major partners suggests regional production network participation. The export quality ladder, comparing unit values to world averages, indicates competitive pricing strategies.

Competitive dynamics are shaped by factor endowments including cost advantages and resource availability, infrastructure quality, and business environment. The export survival rate, measuring the persistence of export relationships over time, suggests need for relationship strengthening.

Innovation capacity, reflected in the technology content of exports and R&D intensity, determines long-term competitiveness trajectories. The competitive threat from emerging exporters in similar product categories requires continuous upgrading and differentiation strategies to maintain market position. Regional integration through trade agreements provides preferential access to0 markets, creating competitive advantages over non-member competitors.

๐ŸŽฏ Strategic Outlook

โ„น๏ธ

Strategic Priority

With a trade deficit of 576.09M, focus should be on export promotion in high-value sectors and strategic import substitution.

The trade profile presents both opportunities and challenges for economic development strategy. Key strengths include strong import capacity enabling technology transfer and consumption growth,diversified market access reducing concentration risk, and competitive positions in high-value manufacturing.

Vulnerabilities include excessive reliance on single export markets. The intersection of these factors creates a complex strategic landscape requiring careful navigation to maximize opportunities while mitigating risks.

Strategic priorities should focus on export promotion and import substitution to enhance trade competitiveness. Opportunities exist in expanding trade with Zambia, Brazil, Czechia, developing new product capabilities in adjacent product categories, and strengthening regional integration through new partnership frameworks.

The digital transformation of trade, including e-commerce, digital services, and blockchain-based trade finance, offers new avenues for market access and efficiency gains. Green trade opportunities in renewable energy, sustainable products, and carbon markets represent growing segments aligned with global sustainability goals.

The evolving global trade environment, characterized by technological disruption, geopolitical realignment, and sustainability imperatives, will fundamentally reshape Br. Virgin Isds's trade prospects. Success requires balanced policies addressing both improving export capacity while ensuring sustainable import financing.

Investment in infrastructure, education, and innovation ecosystems will determine the ability to climb value chains and capture larger shares of global value addition. The resilience agenda, emphasizing supply chain robustness, strategic autonomy in critical sectors, and economic security considerations, must be balanced with efficiency and openness principles.

As global trade patterns continue evolving, Br. Virgin Isds's position as the world's #178 exporter provides a platform for continued growth, requiring adaptive strategies, institutional strengthening, and sustained commitment to competitiveness enhancement in an increasingly complex and interconnected global economy.

Data Notes

Data from CEPII BACI database, harmonized using UN Comtrade methodology. All values in current USD at 2023 exchange rates. Trade statistics cover merchandise goods only, excluding services. Mirror statistics reconciliation applied for data consistency. 2024 data available January 2026. HS6 product classification follows 2017 revision.

Data source: CEPII BACI | Last updated: January 2025 | Next update: January 2026