2022
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 GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
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GDP PC
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186

About

British Virgin Islands-South Korea In 2022, British Virgin Islands exported $1.28k to South Korea. The main products that British Virgin Islands exported to South Korea are Other Edible Preparations ($797), Printed Circuit Boards ($337), and Other Printed Material ($81). During the last 25 years the exports of British Virgin Islands to South Korea have decreased at an annualized rate of 6.13%, from $6.24k in 1997 to $1.28k in 2022.

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

South Korea-British Virgin Islands In 2022, South Korea exported $2.92M to British Virgin Islands. The main products that South Korea exported to British Virgin Islands were Cars ($2.44M), Delivery Trucks ($242k), and Electric Batteries ($64.3k). During the last 25 years the exports of South Korea to British Virgin Islands have increased at an annualized rate of 30.1%, from $4.05k in 1997 to $2.92M in 2022.

In 2022, South Korea 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.71), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, British Virgin Islands exported $1.28k to South Korea. The main products exported from British Virgin Islands to South Korea were Other Edible Preparations ($797), Printed Circuit Boards ($337), and Other Printed Material ($81). During the last 25 years the exports of British Virgin Islands to South Korea have decreased at an annualized rate of 6.13%, from $6.24k in 1997 to $1.28k in 2022.

In 2022, South Korea exported $2.92M to British Virgin Islands. The main products exported from South Korea to British Virgin Islands were Cars ($2.44M), Delivery Trucks ($242k), and Electric Batteries ($64.3k). During the last 27 years the exports of South Korea to British Virgin Islands have increased at an annualized rate of 30.1%, from $4.05k in 1995 to $2.92M in 2022.

Exports from British Virgin Islands (Flag) to South Korea (Flag) (2022)

Exports from South Korea (Flag) to British Virgin Islands (Flag) (2022)

Latest Data

Trade between British Virgin Islands (Flag) and South Korea (Flag)

South Korea Exports

Market Competitiveness

Color
British Virgin Islands
Top Destination
Malta$85.8M
South Korea
Top Destination
China$150B

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

In 2019, no countries were registered that imported more from British Virgin Islands than from South Korea.

In 2021, countries that imported more from South Korea than British Virgin Islands were China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea (Flag) and British Virgin Islands (Flag) (2022)

Comparative Advantage British Virgin Islands - South Korea

Flow
Scale

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

During 2022, British Virgin Islands had a large net trade with South Korea in the exports of Foodstuffs ($797), Machines ($337), and Paper Goods ($81).

During 2022, South Korea had a large net trade with British Virgin Islands in the exports of Transportation ($2.78M), Machines ($68.2k), and Foodstuffs ($43.7k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more British Virgin Islands has comparative advantage over South Korea. Similarly, the more yellow a dot/product is, the more South Korea has comparative advantage over British Virgin Islands.

Product Space of British Virgin Islands (Flag) and South Korea (Flag) (2022)

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