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Who does the British Virgin Islands rely on?

The largest supplier of the British Virgin Islands in 2024 is the United States, with 23.9% of what the British Virgin Islands buys. Its share was 21.6% in 2019 and 13.1% in 1995. 74 of the 83 products the British Virgin Islands buys for more than $1 million have a supplier selling more than 50% of what the British Virgin Islands buys of that product; in 54, more than 75%. In those products, purchases from each one’s dominant supplier add up to 45.5% of what the British Virgin Islands buys.

Summary

Largest supplier: United States
23.9%
Concentration (HHI)
1,401
Products with a supplier above 50%
74
Products with a supplier above 75%
54

Concentration index (HHI): 1,401 out of 10,000; equivalent to splitting purchases among 7 suppliers of the same size

Trend

Trend in shares

China went from 0% to 21.2% of what the British Virgin Islands buys

Share (%)

  • United States 23.9%
  • China 21.2%
  • Italy 12.9%
  • Germany 8.7%
  • France 8.6%

Source: CEPII BACI

Show the numbers
YearLargest supplierShare
1995Netherlands23.6%
1996Russia81.3%
1997Russia53.1%
1998Russia76%
1999Russia83.4%
2000Russia67.2%
2001Russia74%
2002Russia74.9%
2003Russia64.4%
2004Russia42.3%
2005Russia59.2%
2006Russia48.6%
2007Russia43.6%
2008Ukraine27.2%
2009South Korea24.7%
2010South Korea41.8%
2011South Korea17.5%
2012South Korea32.8%
2013South Korea20.9%
2014South Korea20.7%
2015Germany27%
2016Germany17.2%
2017Seychelles34.4%
2018United States29.8%
2019Germany31.4%
2020Italy29.8%
2021Germany47.4%
2022United States34.2%
2023United States32.7%
2024United States23.9%

Its suppliers

  1. United States$246 million · 23.9%
  2. China$218 million · 21.2%
  3. Italy$132 million · 12.9%
  4. Germany$89 million · 8.7%
  5. France$89 million · 8.6%
  6. Switzerland$53 million · 5.2%
  7. South Africa$43 million · 4.1%
  8. Croatia$31 million · 3%
  9. Turkey$13 million · 1.3%
  10. Netherlands$13 million · 1.2%

Some of these goods may have been produced in another country: countries record origin in different ways.

Products with a dominant supplier

Of the 83 products the British Virgin Islands buys for more than $1 million in 2024, these are the highest-value ones with a dominant supplier.

ProductSupplierShareSecondValue
Shipping containersChina99.7%over 75%United States · 0.33%$193 million
Airplanes and helicoptersGermany64.6%Switzerland · 26.8%$133 million
Refined petroleumUnited States77.1%over 75%Uzbekistan · 15%$61 million
Cargo and cruise shipsCyprus100%over 75%—$9 million
FurnitureUnited States87.2%over 75%China · 4.2%$9 million
Warships and other vesselsSweden99.2%over 75%United Kingdom · 0.69%$7 million
Soft drinksUnited States77.7%over 75%Trinidad and Tobago · 13.1%$6 million
Poultry meatUnited States87.6%over 75%Brazil · 12.2%$4 million
SpiritsUnited States65.5%France · 9.3%$4 million
Other plastic articlesUnited States85.2%over 75%France · 5.9%$4 million
WineUnited States59.6%France · 23.4%$4 million
CornBrazil69.1%Ukraine · 30%$4 million
GemstonesSwitzerland100%over 75%—$4 million
Precious metal watchesSwitzerland98.1%over 75%United States · 1.9%$4 million
BeerUnited States51.7%Netherlands · 28.4%$3 million
Sawn woodUnited States93.4%over 75%Guyana · 6.5%$3 million
Aluminum structuresUnited States63.6%China · 23.4%$3 million
Physical and chemical analysis instrumentsNetherlands95.9%over 75%United States · 3.1%$3 million
Steel structuresUnited States71.9%United Kingdom · 16.9%$3 million
Bread, biscuits and pastriesUnited States75.9%over 75%United Kingdom · 8.7%$3 million
Refrigerators, freezers and heat pumpsUnited States81.7%over 75%China · 16.4%$3 million
ChocolateUnited States94.2%over 75%United Kingdom · 3.4%$3 million
Air conditionersUnited States80.6%over 75%China · 16.1%$3 million
CementUnited States77.5%over 75%Trinidad and Tobago · 22.5%$3 million
Lamps and light fittingsUnited States86.9%over 75%China · 4.5%$3 million

and 49 more

A product has a dominant supplier when a single country sells more than 50% of what is bought of it; we flag it separately above 75%.

Some of these goods may have been produced in another country: countries record origin in different ways.

Countries that sell more than 50% of some product; the darker, the higher the value of those products.

Selling: who it relies on

Largest customer: United States
22.2%
Concentration (HHI)
1,329

Concentration index (HHI): 1,329 out of 10,000; equivalent to splitting sales among 8 customers of the same size

Trend in shares

Germany went from 0.15% to 20.6% of what the British Virgin Islands sells

Share (%)

  • United States 22.2%
  • Germany 20.6%
  • Guyana 15%
  • Egypt 10.1%
  • Bolivia 6.3%

Source: CEPII BACI

Show the numbers
YearLargest customerShare
1995Brazil29.4%
1996Belgium20%
1997Switzerland23.5%
1998Belgium20.6%
1999Italy23.7%
2000Switzerland28.6%
2001Ukraine35.2%
2002Ukraine43.9%
2003Switzerland32.6%
2004Switzerland31.8%
2005Belgium68.2%
2006Switzerland41%
2007Switzerland30.8%
2008Switzerland32.6%
2009Switzerland46.4%
2010Switzerland27.1%
2011Switzerland42.9%
2012Spain71.7%
2013Switzerland40.3%
2014Switzerland39.6%
2015Switzerland33.6%
2016Ghana25.3%
2017Seychelles56.5%
2018Dominican Republic21.1%
2019Malta27.5%
2020Cyprus56.2%
2021Austria20.9%
2022Malta39.4%
2023Malta29.2%
2024United States22.2%

16 of the 18 products the British Virgin Islands sells for more than $1 million have a customer buying more than 50% of what the British Virgin Islands sells of that product; in 12, more than 75%. In those products, sales to each one’s dominant customer add up to 64.3% of what the British Virgin Islands sells.

ProductCustomerShareSecondValue
Paintings and drawingsGermany51.5%United States · 47.9%$95 million
Refined petroleumGuyana96.9%over 75%Zambia · 3%$36 million
Ferrous scrapEgypt99.5%over 75%India · 0.39%$24 million
Yachts and pleasure boatsItaly55.3%Malta · 26.8%$19 million
Crude petroleumBolivia100%over 75%—$15 million
SculpturesUnited States99.5%over 75%Switzerland · 0.48%$5 million
Printed circuit boardsHungary59.8%Brazil · 15.8%$4 million
Airplanes and helicoptersIreland100%over 75%—$2 million
Isocyanates and other nitrogen compoundsDominican Republic100%over 75%—$2 million
Precious metal watchesSwitzerland100%over 75%—$2 million
Cameras and broadcast equipmentNamibia99.3%over 75%Mozambique · 0.48%$2 million
SpiritsCzechia66.8%Slovakia · 24.2%$1 million
Shipping containersSouth Africa82.8%over 75%Hungary · 15.2%$1 million
PVC and other vinyl polymersIndonesia100%over 75%—$1 million
Sorting and crushing machinesMozambique99.9%over 75%Guyana · 0.06%$1 million

and 1 more

Concentration compared

The closest countries in the concentration ranking (HHI, highest first).

RankCountryHHI
91Guyana1,412
92Luxembourg1,402
93British Virgin Islands1,401
94Republic of the Congo1,399
95Chad1,397
96Guinea-Bissau1,384

Sources and method

Sources and licenses

Methodology

The data come from CEPII BACI (Etalab 2.0 licence), which reconciles what the exporting and the importing country report, in current USD, FOB. Data up to 2024.

Dependence is the share of a country’s imports (or exports) that each partner accounts for. It does not measure whether a product has a substitute or how much it would cost to change supplier.

The concentration index (HHI) adds up the square of each partner’s share, in percent: it runs from 0 to 10,000. Its equivalent is 10,000 ÷ HHI, the number of partners of the same size that would give that value.

Products are HS4 headings of the 1992 nomenclature (some combine different goods), with a floor of $1 million per product and country.

The EU is the 27 current members in every year; the United Kingdom is outside the EU throughout the series.

Re-exports: countries that act as redistribution hubs carry their notice and the figures are not corrected.