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British Virgin Islands trade in 2024

In 2024, the British Virgin Islands exported $238 million and imported $1 billion, a trade deficit of $788 million. It was the world's 180th-largest exporter, with 0% of world exports. Its top export was paintings and drawings (40% of the total) and its main trading partner was the United States (23.6% of its trade).

Summary

Exports
$238million
Imports
$1billion
Trade balance
-$788million
Routes to the main partners. Width: trade value; color: estimated transport mode.SeaAirLand
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Products

What it exports

Paintings and drawings (40%) and refined petroleum (15.2%) together make up 55.2% of its exports.

  1. Paintings and drawings$95 million · 40%
    Main partner: Germany
  2. Refined petroleum$36 million · 15.2%
    Main partner: Guyana
  3. Ferrous scrap$24 million · 10%
    Main partner: Egypt
  4. Yachts and pleasure boats$19 million · 8%
    Main partner: Italy
  5. Crude petroleum$15 million · 6.3%
    Main partner: Bolivia
  6. Sculptures$5 million · 2%
    Main partner: United States
  7. Printed circuit boards$4 million · 1.7%
    Main partner: Hungary
  8. Rubber and plastic footwear$4 million · 1.5%
    Main partner: Switzerland
  9. Airplanes and helicopters$2 million · 1%
    Main partner: Ireland
  10. Leather footwear$2 million · 0.93%
    Main partner: Poland

What it imports

Yachts and pleasure boats (32%) and shipping containers (18.8%) together make up 50.8% of its imports.

  1. Yachts and pleasure boats$329 million · 32%
    Main partner: Italy
  2. Shipping containers$193 million · 18.8%
    Main partner: China
  3. Airplanes and helicopters$133 million · 13%
    Main partner: Germany
  4. Refined petroleum$61 million · 5.9%
    Main partner: United States
  5. Cars$18 million · 1.8%
    Main partner: United States
  6. Jewelry$13 million · 1.3%
    Main partner: Switzerland
  7. Cargo and cruise ships$9 million · 0.86%
    Main partner: Cyprus
  8. Furniture$9 million · 0.84%
    Main partner: United States
  9. Warships and other vessels$7 million · 0.68%
    Main partner: Sweden
  10. Cameras and broadcast equipment$6 million · 0.57%
    Main partner: United States
By Harmonized System chapter (92)
ChapterExportsImports
97 · Art and antiques$101 million$4 million
27 · Oil, gas and coal$51 million$62 million
72 · Iron and steel$25 million$5 million
89 · Ships and boats$19 million$347 million
85 · Electrical and electronic equipment$7 million$25 million
64 · Footwear$7 million$1 million
84 · Mechanical machinery$4 million$31 million
39 · Plastics$3 million$10 million
88 · Aircraft and spacecraft$2 million$134 million
87 · Vehicles$2 million$27 million
29 · Organic chemicals$2 million$306 thousand
22 · Beverages and spirits$2 million$18 million
91 · Watches and clocks$2 million$6 million
71 · Gems and precious metals$1 million$19 million
86 · Railway equipment$1 million$194 million
73 · Iron and steel products$944 thousand$7 million
17 · Sugar and sweets$690 thousand$685 thousand
30 · Pharmaceuticals$529 thousand$3 million
60 · Knitted fabric$477 thousand$27 thousand
25 · Salt, stone and cement$471 thousand$4 million
90 · Precision and medical instruments$442 thousand$8 million
28 · Inorganic chemicals$426 thousand$247 thousand
40 · Rubber$373 thousand$3 million
12 · Oilseeds and grains$287 thousand$298 thousand
33 · Perfumes and cosmetics$280 thousand$3 million
76 · Aluminum$256 thousand$6 million
61 · Knitted clothing$214 thousand$2 million
38 · Miscellaneous chemicals$212 thousand$1 million
62 · Woven clothing$196 thousand$1 million
54 · Synthetic filaments$195 thousand$58 thousand
48 · Paper and paperboard$168 thousand$3 million
94 · Furniture and lighting$166 thousand$14 million
09 · Coffee, tea and spices$163 thousand$477 thousand
02 · Meat and offal$143 thousand$9 million
16 · Prepared meat and fish$125 thousand$2 million
52 · Cotton$116 thousand$26 thousand
58 · Special fabrics and lace$116 thousand$178 thousand
20 · Preserved fruit and vegetables$111 thousand$3 million
49 · Books and printed matter$97 thousand$433 thousand
63 · Home textiles and used clothing$84 thousand$2 million
55 · Synthetic staple fibers$73 thousand$82 thousand
31 · Fertilizers$70 thousand$35 thousand
35 · Glues, starches and enzymes$66 thousand$395 thousand
82 · Tools and cutlery$55 thousand$688 thousand
65 · Hats$42 thousand$240 thousand
10 · Cereals$39 thousand$4 million
42 · Leather goods and bags$39 thousand$2 million
21 · Food preparations$36 thousand$5 million
44 · Wood$35 thousand$9 million
95 · Toys and sports gear$27 thousand$4 million
34 · Soap and cleaning products$26 thousand$2 million
08 · Fruit and nuts$25 thousand$3 million
19 · Baked goods and cereal products$21 thousand$4 million
69 · Ceramics$20 thousand$2 million
96 · Other manufactured goods$19 thousand$274 thousand
75 · Nickel$17 thousand$184 thousand
32 · Dyes, paints and tanning agents$14 thousand$3 million
23 · Animal feed and food waste$14 thousand$1 million
18 · Cocoa and chocolate$8 thousand$3 million
70 · Glass$8 thousand$2 million
74 · Copper$7 thousand$557 thousand
83 · Miscellaneous metal goods$6 thousand$2 million
15 · Fats and oils$4 thousand$861 thousand
03 · Fish and seafood$4 thousand$2 million
92 · Musical instruments$3 thousand$57 thousand
81 · Other base metals$3 thousand$49 thousand
01 · Live animals$3 thousand$124 thousand
05 · Other animal products$2 thousand$7 thousand
07 · Vegetables$2 thousand$2 million
68 · Stone, plaster and cement articles$2 thousand$4 million
66 · Umbrellas and canes$1 thousand$252 thousand
41 · Hides and leather$926$9 thousand
57 · Carpets and rugs$732$453 thousand
04 · Dairy, eggs and honey$580$5 million
80 · Tin$473$25 thousand
06 · Live plants and flowers$185$841 thousand
37 · Photographic goods$73$6 thousand
46 · Wicker and basketware$41$30 thousand
59 · Coated and technical textiles$35$54 thousand
67 · Feathers and artificial flowers$10$50 thousand
26 · Ores and slag$0$2 million
11 · Milling products and malt$0$786 thousand
24 · Tobacco$0$526 thousand
56 · Felt, nonwovens and rope$0$410 thousand
79 · Zinc$0$53 thousand
36 · Explosives and matches$0$51 thousand
13 · Gums and plant extracts$0$46 thousand
93 · Weapons and ammunition$0$30 thousand
43 · Fur and fur goods$0$26 thousand
47 · Wood pulp$0$7 thousand
53 · Other plant fibers$0$7 thousand
45 · Cork$0$522

Trading partners

The United States is its main destination (22.2% of exports) and source (23.9% of imports).

Who it sells to

PartnerValue (USD millions)ShareMode
United States52.822.2%Air
Germany49.220.6%Air
Guyana35.815%Sea
Egypt2410.1%Sea
Bolivia15.16.3%Sea
Italy10.74.5%Sea
Switzerland5.22.2%Air
Malta5.12.2%Sea
Ireland4.11.7%Air
France3.51.5%Sea

Who it buys from

PartnerValue (USD millions)ShareMode
United States24623.9%Sea
China21821.2%Sea
Italy13212.9%Air
Germany898.7%Air
France88.68.6%Air
Switzerland53.25.2%Air
South Africa42.54.1%Sea
Croatia30.93%Air
Turkey13.11.3%Air
Netherlands12.51.2%Air

Overview 1995–2024

In 2024, the British Virgin Islands accounted for 0% of world exports, compared with 0% in 1995.

Exports and imports

Exports grew 2.4-fold since 1995

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

  • Exports 0.2
  • Imports 1
  • Balance -0.8

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$101 million$330 million-$229 million
1996$128 million$2 billion-$1.9 billion
1997$245 million$1.4 billion-$1.1 billion
1998$138 million$1.5 billion-$1.4 billion
1999$173 million$2.1 billion-$1.9 billion
2000$203 million$5 billion-$4.7 billion
2001$231 million$4.1 billion-$3.8 billion
2002$400 million$3.4 billion-$3 billion
2003$395 million$3.9 billion-$3.5 billion
2004$451 million$4.3 billion-$3.8 billion
2005$1.5 billion$4.7 billion-$3.2 billion
2006$380 million$4.4 billion-$4 billion
2007$426 million$3.9 billion-$3.4 billion
2008$549 million$3.2 billion-$2.6 billion
2009$332 million$2.9 billion-$2.6 billion
2010$511 million$4 billion-$3.5 billion
2011$630 million$4.2 billion-$3.5 billion
2012$1.3 billion$3.3 billion-$2 billion
2013$1 billion$2.4 billion-$1.4 billion
2014$458 million$2.4 billion-$1.9 billion
2015$637 million$2.2 billion-$1.6 billion
2016$670 million$1.4 billion-$771 million
2017$921 million$1.6 billion-$667 million
2018$347 million$1.3 billion-$949 million
2019$390 million$1.6 billion-$1.2 billion
2020$752 million$1 billion-$289 million
2021$302 million$2.1 billion-$1.8 billion
2022$218 million$989 million-$771 million
2023$321 million$892 million-$571 million
2024$238 million$1 billion-$788 million

World rank

The British Virgin Islands fell from 169th to 180th among the world's exporters

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

  • 169th in 1995
  • 180th in 2024

Source: CEPII BACI

Show the numbers
YearRank
1995169th
1996163rd
1997158th
1998166th
1999162nd
2000164th
2001164th
2002155th
2003160th
2004162nd
2005134th
2006168th
2007167th
2008170th
2009171st
2010168th
2011169th
2012154th
2013156th
2014176th
2015167th
2016165th
2017164th
2018174th
2019174th
2020164th
2021178th
2022188th
2023178th
2024180th

What it sells

Art and antiques became its top export group: from 2% to 42%

% of exports by Harmonized System chapter.

  • Other 9%
  • Plastics 1%
  • Mechanical machinery 2%
  • Footwear 3%
  • Electrical and electronic equipment 3%
  • Ships and boats 8%
  • Iron and steel 11%
  • Oil, gas and coal 21%
  • Art and antiques 42%

Source: CEPII BACI

Show the numbers
Chapter19952024
Art and antiques2.1%42.2%
Oil, gas and coal3.4%21.5%
Iron and steel0.09%10.6%
Ships and boats20%8.1%
Electrical and electronic equipment8.2%3%
Footwear0.06%2.8%
Mechanical machinery3.5%1.6%
Plastics0.33%1.2%
Other62.3%9%

Who it trades with

China went from 0% to 17% of the British Virgin Islands' trade

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

  • United States 24%
  • China 17%
  • Italy 11%
  • Germany 11%
  • France 7%

Source: CEPII BACI

Show the numbers
Partner19952024
United States11.3%23.6%
China0%17.2%
Italy8.4%11.3%
Germany3%10.9%
France10.2%7.3%

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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