British Indian Ocean Territories

British Indian Ocean Territories ranked No. 212 in total trade value through May with a total of $2.53 million. Exports totaled $2.46 million and Imports totaled $72,284, a surplus of $2.39 million.

U.S. trade with British Indian Ocean Territories rose to $2.27 million through May

British Indian Ocean Territories’s trade with the United States rose to $2.27 million through the first five months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 60.1 percent below its total trade during the same time period last year. U.S. exports to British Indian Ocean Territories decreased 59.06 percent while U.S. imports from British Indian Ocean Territories fell 78.44 percent. The U.S. surplus with British Indian Ocean Territories was $2.14 million.

Through May, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Philadelphia; No. 2 Port of New York; No. 3 Port of Virginia; No. 4 Port of Long Beach; and No. 5 Philadelphia International Airport. During the same period the previous year, the top five were No. 1 Houston Int’l Airport; No. 2 Port of New York; No. 3 Port of Los Angeles; No. 4 Port of Houston and No. 5 Port of Seattle, Wash.. In the current time period, the top five accounted for 67.9 percent of British Indian Ocean Territories’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Philadelphia totaled $645,160.
    Exports totaled $645,160. There were no imports.
  • Trade with No. 2 Port of New York fell 44.77 percent to $600,796.
    Exports fell 44.77 percent to $600,796. There were no imports.
  • Trade with No. 3 Port of Virginia rose 76.73 percent to $252,779.
    Exports rose 76.73 percent to $252,779. There were no imports.
  • Trade with No. 4 Port of Long Beach totaled $112,900.
    Exports totaled $112,900. There were no imports.
  • Trade with No. 5 Philadelphia International Airport rose 3193.69 percent to $107,506.
    Exports rose 3193.69 percent to $107,506. There were no imports.

British Indian Ocean Territories ranked No. 212 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 195.

Meanwhile, total U.S. trade with the world increased to $1.48 trillion, down 64.27 percent compared to the same period last year. The nation’s exports dropped 64.62 percent to $582.11 billion; imports dropped 64.04 percent to $898.44 billion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $316.33 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to British Indian Ocean Territories by value through May were the categories of Plasma, vaccines, blood; Poultry incubators, equipment; Worn clothing, other worn textile articles; Transmission shafts, bearings, gears; and Misc. machinery for moving, grading, respectively. They accounted for 50.95 percent of total exports to British Indian Ocean Territories.

The value of the top five categories of U.S. imports from British Indian Ocean Territories –– Frames, mountings for glasses, goggles; Corrective lens, goggles, protective eyewear; Returned exports, without change; Furniture, parts; and Estimates of low-value imports –– accounted for 96.94 percent of all inbound shipments.

Looking more closely at U.S. exports to British Indian Ocean Territories:

  • Plasma, vaccines, blood totaled $660,696. The previous year, there were no exports in this category.
  • Poultry incubators, equipment fell 11.46 percent compared to last year to $172,468.
  • Worn clothing, other worn textile articles totaled $157,512. The previous year, there were no exports in this category.
  • Transmission shafts, bearings, gears rose 551.93 percent compared to last year to $132,622.
  • Misc. machinery for moving, grading fell 49.99 percent compared to last year to $129,858.

Looking more closely at U.S. imports from British Indian Ocean Territories:

  • Frames, mountings for glasses, goggles totaled $37,041. The previous year, there were no imports in this category.
  • Corrective lens, goggles, protective eyewear totaled $20,264. The previous year, there were no imports in this category.
  • Returned exports, without change fell 84.52 percent compared to last year to $6,400.
  • Furniture, parts totaled $3,320. The previous year, there were no imports in this category.
  • Estimates of low-value imports fell 77.83 percent compared to last year to $3,048.

In the latest annual figures available, British Indian Ocean Territories recorded $23.82 million in trade with the United States. Total U.S. exports to British Indian Ocean Territories were $ 23.02 million and imports from British Indian Ocean Territories were $799,412. The U.S. surplus with British Indian Ocean Territories was $22.22 million.