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British Indian Ocean Territory trade in 2024

In 2024, the British Indian Ocean Territory exported $22 million and imported $86 million, a trade deficit of $63 million. It was the world's 212th-largest exporter, with 0% of world exports. Its top export was frozen fish (50.7% of the total) and its main trading partner was Singapore (52.7% of its trade).

Summary

Exports
$22million
Imports
$86million
Trade balance
-$63million
Routes to the main partners. Width: trade value; color: estimated transport mode.SeaAirLand
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Products

What it exports

Frozen fish (50.7%) and refined petroleum (29.9%) together make up 80.6% of its exports.

  1. Frozen fish$11 million · 50.7%
    Main partner: Singapore
  2. Refined petroleum$7 million · 29.9%
    Main partner: Cabo Verde
  3. Yachts and pleasure boats$314 thousand · 1.4%
    Main partner: France
  4. Ceramic tiles$306 thousand · 1.4%
    Main partner: Cabo Verde
  5. Diodes, transistors and solar cells$301 thousand · 1.4%
    Main partner: United States
  6. Amide compounds$294 thousand · 1.3%
    Main partner: Pakistan
  7. PVC and other vinyl polymers$284 thousand · 1.3%
    Main partner: Netherlands
  8. Steel bars$268 thousand · 1.2%
    Main partner: Cabo Verde
  9. Tufted carpets$200 thousand · 0.9%
    Main partner: France
  10. Matches$180 thousand · 0.81%
    Main partner: Cabo Verde

What it imports

Refined petroleum (40.1%) and prefabricated buildings (18%) together make up 58.2% of its imports.

  1. Refined petroleum$34 million · 40.1%
    Main partner: Greece
  2. Prefabricated buildings$15 million · 18%
    Main partner: Singapore
  3. Aluminum structures$8 million · 9.1%
    Main partner: Singapore
  4. Animal by-products$7 million · 7.7%
    Main partner: Singapore
  5. Steel structures$3 million · 3%
    Main partner: Singapore
  6. Medical and dental instruments$1 million · 1.3%
    Main partner: United States
  7. Sorting and crushing machines$1 million · 1.3%
    Main partner: Singapore
  8. Other cast iron or steel articles$965 thousand · 1.1%
    Main partner: Singapore
  9. Plastic pipes and hoses$830 thousand · 0.97%
    Main partner: Singapore
  10. Liquid pumps$827 thousand · 0.97%
    Main partner: United States
By Harmonized System chapter (80)
ChapterExportsImports
03 · Fish and seafood$11 million$34 thousand
27 · Oil, gas and coal$7 million$34 million
39 · Plastics$463 thousand$1 million
85 · Electrical and electronic equipment$428 thousand$3 million
84 · Mechanical machinery$425 thousand$5 million
72 · Iron and steel$353 thousand$684 thousand
69 · Ceramics$322 thousand$12 thousand
29 · Organic chemicals$320 thousand$352 thousand
89 · Ships and boats$314 thousand$204
87 · Vehicles$291 thousand$342 thousand
57 · Carpets and rugs$200 thousand$0
36 · Explosives and matches$180 thousand$0
38 · Miscellaneous chemicals$106 thousand$51 thousand
90 · Precision and medical instruments$90 thousand$1 million
19 · Baked goods and cereal products$86 thousand$16 thousand
61 · Knitted clothing$73 thousand$49 thousand
48 · Paper and paperboard$72 thousand$52 thousand
40 · Rubber$60 thousand$86 thousand
73 · Iron and steel products$55 thousand$4 million
30 · Pharmaceuticals$51 thousand$100 thousand
62 · Woven clothing$41 thousand$71 thousand
71 · Gems and precious metals$36 thousand$47 thousand
05 · Other animal products$32 thousand$7 million
34 · Soap and cleaning products$27 thousand$12 thousand
68 · Stone, plaster and cement articles$24 thousand$654 thousand
42 · Leather goods and bags$22 thousand$6 thousand
11 · Milling products and malt$13 thousand$5 thousand
33 · Perfumes and cosmetics$12 thousand$157 thousand
65 · Hats$11 thousand$4 thousand
17 · Sugar and sweets$9 thousand$4 thousand
64 · Footwear$9 thousand$27 thousand
94 · Furniture and lighting$9 thousand$16 million
97 · Art and antiques$9 thousand$21 thousand
28 · Inorganic chemicals$9 thousand$147 thousand
09 · Coffee, tea and spices$7 thousand$104 thousand
41 · Hides and leather$6 thousand$0
86 · Railway equipment$6 thousand$67 thousand
25 · Salt, stone and cement$5 thousand$340 thousand
83 · Miscellaneous metal goods$4 thousand$728 thousand
96 · Other manufactured goods$4 thousand$4 thousand
32 · Dyes, paints and tanning agents$3 thousand$230 thousand
82 · Tools and cutlery$2 thousand$191 thousand
04 · Dairy, eggs and honey$2 thousand$20 thousand
52 · Cotton$2 thousand$1 thousand
76 · Aluminum$1 thousand$8 million
95 · Toys and sports gear$1 thousand$63 thousand
07 · Vegetables$569$84 thousand
92 · Musical instruments$421$0
70 · Glass$396$55 thousand
35 · Glues, starches and enzymes$258$99 thousand
49 · Books and printed matter$222$7 thousand
91 · Watches and clocks$217$8 thousand
63 · Home textiles and used clothing$131$40 thousand
23 · Animal feed and food waste$121$0
21 · Food preparations$109$134 thousand
13 · Gums and plant extracts$39$0
22 · Beverages and spirits$33$168 thousand
20 · Preserved fruit and vegetables$0$358 thousand
24 · Tobacco$0$260 thousand
10 · Cereals$0$188 thousand
74 · Copper$0$147 thousand
12 · Oilseeds and grains$0$129 thousand
79 · Zinc$0$77 thousand
15 · Fats and oils$0$58 thousand
18 · Cocoa and chocolate$0$48 thousand
44 · Wood$0$45 thousand
56 · Felt, nonwovens and rope$0$38 thousand
47 · Wood pulp$0$34 thousand
88 · Aircraft and spacecraft$0$29 thousand
26 · Ores and slag$0$28 thousand
02 · Meat and offal$0$26 thousand
59 · Coated and technical textiles$0$20 thousand
93 · Weapons and ammunition$0$12 thousand
37 · Photographic goods$0$1 thousand
81 · Other base metals$0$1 thousand
16 · Prepared meat and fish$0$1 thousand
58 · Special fabrics and lace$0$366
31 · Fertilizers$0$361
75 · Nickel$0$260
08 · Fruit and nuts$0$11

Trading partners

Singapore is its main destination (51.7% of exports) and source (53% of imports).

Who it sells to

PartnerValue (USD millions)ShareMode
Singapore11.551.7%Sea
Cabo Verde7.935.4%Sea
United States0.472.1%—
France0.462.1%—
Pakistan0.442%—
Netherlands0.391.8%—
United Kingdom0.150.68%—
Germany0.110.48%—
Brazil0.10.46%—
Czechia0.090.39%—

Who it buys from

PartnerValue (USD millions)ShareMode
Singapore45.353%Sea
Greece34.440.2%Sea
United States4.45.1%Air
Panama0.70.82%—
United Kingdom0.360.42%—
Madagascar0.10.12%—
Turkey0.070.08%—
Morocco0.060.07%—
Netherlands0.050.06%—
Malaysia0.050.06%—

Overview 1995–2024

In 2024, the British Indian Ocean Territory accounted for 0% of world exports, compared with 0% in 1995.

Exports and imports

Exports grew 42% since 1995

USD millions (current). Bars: trade balance (green surplus, red deficit).

  • Exports 22.2
  • Imports 85.6
  • Balance -63.3

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$16 million$6 million$10 million
1996$11 million$4 million$7 million
1997$24 million$5 million$19 million
1998$8 million$12 million-$4 million
1999$41 million$15 million$26 million
2000$60 million$27 million$33 million
2001$53 million$27 million$27 million
2002$40 million$51 million-$12 million
2003$3 million$7 million-$5 million
2004$3 million$11 million-$7 million
2005$4 million$9 million-$5 million
2006$4 million$16 million-$11 million
2007$4 million$13 million-$9 million
2008$7 million$5 million$1 million
2009$6 million$10 million-$4 million
2010$4 million$5 million-$789 thousand
2011$14 million$55 million-$41 million
2012$32 million$119 million-$88 million
2013$34 million$93 million-$59 million
2014$34 million$23 million$10 million
2015$32 million$23 million$9 million
2016$20 million$27 million-$7 million
2017$18 million$75 million-$58 million
2018$10 million$41 million-$32 million
2019$83 million$67 million$16 million
2020$13 million$32 million-$19 million
2021$4 million$27 million-$23 million
2022$6 million$25 million-$19 million
2023$24 million$74 million-$50 million
2024$22 million$86 million-$63 million

World rank

The British Indian Ocean Territory fell from 191st to 212th among the world's exporters

Rank among 222 countries by export value (1st at the top).

  • 191st in 1995
  • 212th in 2024

Source: CEPII BACI

Show the numbers
YearRank
1995191st
1996195th
1997191st
1998201st
1999188th
2000187th
2001189th
2002193rd
2003217th
2004215th
2005214th
2006214th
2007215th
2008217th
2009213th
2010216th
2011211th
2012206th
2013205th
2014204th
2015205th
2016212th
2017213th
2018216th
2019198th
2020214th
2021219th
2022217th
2023210th
2024212th

What it sells

Its top export group is still fish and seafood: 51% in 2024

% of exports by Harmonized System chapter.

  • Other 8%
  • Organic chemicals 1%
  • Ceramics 1%
  • Iron and steel 2%
  • Mechanical machinery 2%
  • Electrical and electronic equipment 2%
  • Plastics 2%
  • Oil, gas and coal 30%
  • Fish and seafood 51%

Source: CEPII BACI

Show the numbers
Chapter19952024
Fish and seafood0.74%51.3%
Oil, gas and coal0%29.9%
Plastics0.01%2.1%
Electrical and electronic equipment0.29%1.9%
Mechanical machinery0.46%1.9%
Iron and steel0.08%1.6%
Ceramics0.13%1.5%
Organic chemicals0.23%1.4%
Other98.1%8.5%

Who it trades with

Singapore went from 0% to 53% of the British Indian Ocean Territory's trade

% of total trade (exports + imports) with each partner.

  • Singapore 53%
  • Greece 32%
  • Cabo Verde 7%
  • United States 4%
  • Panama 1%

Source: CEPII BACI

Show the numbers
Partner19952024
Singapore0%52.7%
Greece0%31.9%
Cabo Verde0%7.3%
United States9.9%4.5%
Panama0%0.65%

Production hubs

Largest industrial emission sources (Climate TRACE, 2025)

No hubs above the globe threshold.

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Largest economic production hubs (gridded GDP, 2024)

No hubs above the globe threshold.

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Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. Ranks are computed among the countries with data each year. Services are not included. Data up to 2024.

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