British Virgin Islands (VGB) and Italy (ITA) Trade | The Observatory of Economic Complexity

About

British Virgin Islands-Italy Trade: In 2022, British Virgin Islands exported $8.32M to Italy. The main products that British Virgin Islands exported to Italy were Recreational Boats ($8.16M), Combustion Engines ($105k), and Other Mineral ($32.3k). Over the past 5 years the exports of British Virgin Islands to Italy have decreased at an annualized rate of 14.1%, from $17.8M in 2017 to $8.32M in 2022.

In 2022, British Virgin Islands did not export any services to Italy.

Italy-British Virgin Islands Trade: In 2022, Italy exported $107M to British Virgin Islands. The main products that Italy exported to British Virgin Islands were Recreational Boats ($103M), Packaged Medicaments ($704k), and Wine ($660k). Over the past 5 years the exports of Italy to British Virgin Islands have decreased at an annualized rate of 6.76%, from $152M in 2017 to $107M in 2022.

In 2022, Italy did not export any services to British Virgin Islands.

Comparison In 2022, British Virgin Islands ranked 185 in total exports ($206M), and does not have data regarding Economic Complexity Index. That same year, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, British Virgin Islands exported $8.32M to Italy. The main products exported from British Virgin Islands to Italy were Recreational Boats ($8.16M), Combustion Engines ($105k), and Other Mineral ($32.3k). During the last 5 years the exports of British Virgin Islands to Italy have decreased at an annualized rate of 14.1%, from $17.8M in 2017 to $8.32M in 2022.

In 2017, Italy exported $107M to British Virgin Islands. The main products exported from Italy to British Virgin Islands were Recreational Boats ($103M), Packaged Medicaments ($704k), and Wine ($660k). During the last 5 years the exports of Italy to British Virgin Islands have decreased at an annualized rate of 6.76%, from $152M in 2022 to $107M in 2017.

Exports from British Virgin Islands () to Italy () (2022)

Exports from Italy () to British Virgin Islands () (2022)

Latest Data

Trade between British Virgin Islands () and Italy ()

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

British Virgin Islands
Top DestinationMalta$85.8M

Italy
Top DestinationGermany$78.5B

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

In 2022, no countries were registered that imported more from British Virgin Islands than from Italy.

In 2022, countries that imported more from Italy than British Virgin Islands included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

Difference in imports from Italy () and British Virgin Islands () (2022)

Comparative Advantage British Virgin Islands - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, British Virgin Islands had a large net trade with Italy in the exports of Transportation ($8.17M), Machines ($110k), and Mineral Products ($32.3k).

During 2017, Italy had a large net trade with British Virgin Islands in the exports of Transportation ($103M), Machines ($1.11M), and Foodstuffs ($888k).

Potential Exports

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from British Virgin Islands () to Italy () (2022)

Exports from Italy () to British Virgin Islands () (2022)

Latest Data

Trade between British Virgin Islands () and Italy ()

Italy Exports

Market Competitiveness

Difference in imports from Italy () and British Virgin Islands () (2022)

Comparative Advantage British Virgin Islands - Italy

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of British Virgin Islands () and Italy () (2022)

Keep Exploring