2022
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 GDP
$579BCURRENT US$
Rnk 25 / 186
2012-2022
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GDP GROWTH
16.6%CURRENT US$
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2022
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GDP PC
$49,583CURRENT US$
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2012-2022
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GDP PC GROWTH
11%CURRENT US$
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About

British Virgin Islands-Belgium In 2022, British Virgin Islands exported $158k to Belgium. The main products that British Virgin Islands exported to Belgium are Machinery Having Individual Functions ($74.4k), Other Heating Machinery ($67.7k), and Iron Stovetops ($10.1k). During the last 23 years the exports of British Virgin Islands to Belgium have decreased at an annualized rate of 14.8%, from $6.28M in 1999 to $158k in 2022.

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

Belgium-British Virgin Islands In 2022, Belgium exported $594k to British Virgin Islands. The main products that Belgium exported to British Virgin Islands were Acrylic Polymers ($307k), Other Frozen Vegetables ($86.4k), and Machinery Having Individual Functions ($78.7k). During the last 23 years the exports of Belgium to British Virgin Islands have decreased at an annualized rate of 1.26%, from $795k in 1999 to $594k in 2022.

In 2022, Belgium 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, Belgium ranked 17 in the Economic Complexity Index (ECI 1.28), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, British Virgin Islands exported $158k to Belgium. The main products exported from British Virgin Islands to Belgium were Machinery Having Individual Functions ($74.4k), Other Heating Machinery ($67.7k), and Iron Stovetops ($10.1k). During the last 23 years the exports of British Virgin Islands to Belgium have decreased at an annualized rate of 14.8%, from $6.28M in 1999 to $158k in 2022.

In 2022, Belgium exported $594k to British Virgin Islands. The main products exported from Belgium to British Virgin Islands were Acrylic Polymers ($307k), Other Frozen Vegetables ($86.4k), and Machinery Having Individual Functions ($78.7k). During the last 23 years the exports of Belgium to British Virgin Islands have decreased at an annualized rate of 1.26%, from $795k in 1999 to $594k in 2022.

Exports from British Virgin Islands (Flag) to Belgium (Flag) (2022)

Exports from Belgium (Flag) to British Virgin Islands (Flag) (2022)

Latest Data

Trade between British Virgin Islands (Flag) and Belgium (Flag)

Belgium Exports

Market Competitiveness

Color
British Virgin Islands
Top Destination
Malta$85.8M
Belgium
Top Destination
Germany$91.9B

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

In 2021, countries that imported more from British Virgin Islands than Belgium were Montserrat ($24.9k).

In 2021, countries that imported more from Belgium than British Virgin Islands were Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

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

Comparative Advantage British Virgin Islands - Belgium

Flow
Scale

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

During 2022, British Virgin Islands had a large net trade with Belgium in the exports of Machines ($142k), Metals ($10.1k), and Animal Hides ($3.21k).

During 2022, Belgium had a large net trade with British Virgin Islands in the exports of Plastics and Rubbers ($312k), Machines ($115k), and Foodstuffs ($103k).

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 Belgium. Similarly, the more yellow a dot/product is, the more Belgium has comparative advantage over British Virgin Islands.

Product Space of British Virgin Islands (Flag) and Belgium (Flag) (2022)

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