British Virgin Islands

British Virgin Islands ranked No. 114 in total trade value through May with a total of $170.47 million. Exports totaled $166.8 million and Imports totaled $3.67 million, a surplus of $163.13 million.

U.S. trade with British Virgin Islands rose to $156.07 million through May

British Virgin Islands’s trade with the United States rose to $156.07 million through the first five months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 41.24 percent below its total trade during the same time period last year. U.S. exports to British Virgin Islands decreased 41.65 percent while U.S. imports from British Virgin Islands rose 34.06 percent. The U.S. surplus with British Virgin Islands was $152.2 million.

Through May, the top five among the nation’s airports, seaports and border crossings were No. 1 Anchorage International Airport, Alaska; No. 2 Port of Palm Beach, Fla.; No. 3 Port Everglades, Fla.; No. 4 Wichita Mid-Continent Airport, Kan.; and No. 5 Port of San Juan, Puerto Rico. During the same period the previous year, the top five were No. 1 Port of Savannah, Ga.; No. 2 Clinton International Airport, Little Rock, Ark.; No. 3 Port of Palm Beach, Fla.; No. 4 Port Everglades, Fla. and No. 5 Port of San Juan, Puerto Rico. In the current time period, the top five accounted for 79.46 percent of British Virgin Islands’s U.S. trade.

Among those top five:

  • Trade with No. 1 Anchorage International Airport, Alaska rose 1013758 percent to $59.62 million.
    Exports totaled $59.55 million. Imports rose 1219.57 percent to $77,604.
  • Trade with No. 2 Port of Palm Beach, Fla. fell 50.73 percent to $28.57 million.
    Exports fell 50.82 percent to $28.52 million. Imports totaled $49,910.
  • Trade with No. 3 Port Everglades, Fla. fell 60.09 percent to $18.34 million.
    Exports fell 60.02 percent to $18.33 million. Imports fell 92.7 percent to $7,189.
  • Trade with No. 4 Wichita Mid-Continent Airport, Kan. totaled $15.2 million.
    Exports totaled $15.2 million. There were no imports.
  • Trade with No. 5 Port of San Juan, Puerto Rico fell 18.41 percent to $13.71 million.
    Exports fell 26.05 percent to $12.39 million. Imports rose 2634.08 percent to $1.32 million.

British Virgin Islands ranked No. 114 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 111.

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 Virgin Islands by value through May were the categories of Civilian aircraft, parts; Low value shipments; Gasoline, other fuels; Motorboats and yachts; and Passenger vehicles, respectively. They accounted for 63.62 percent of total exports to British Virgin Islands.

The value of the top five categories of U.S. imports from British Virgin Islands –– Returned exports, without change; Misc. articles of unhardened vulcanized rubber; Provitamins and vitamins; Bicycles, etc.; and Estimates of low-value imports –– accounted for 93 percent of all inbound shipments.

Looking more closely at U.S. exports to British Virgin Islands:

  • Civilian aircraft, parts fell 40.63 percent compared to last year to $74.76 million.
  • Low value shipments fell 36.86 percent compared to last year to $10.24 million.
  • Gasoline, other fuels fell 78.74 percent compared to last year to $9.01 million.
  • Motorboats and yachts fell 46.03 percent compared to last year to $8.71 million.
  • Passenger vehicles fell 35.2 percent compared to last year to $3.41 million.

Looking more closely at U.S. imports from British Virgin Islands:

  • Returned exports, without change rose 121.89 percent compared to last year to $2.58 million.
  • Misc. articles of unhardened vulcanized rubber totaled $267,755. The previous year, there were no imports in this category.
  • Provitamins and vitamins totaled $235,000. The previous year, there were no imports in this category.
  • Bicycles, etc. totaled $200,797. The previous year, there were no imports in this category.
  • Estimates of low-value imports fell 7.21 percent compared to last year to $134,818.

In the latest annual figures available, British Virgin Islands recorded $585.28 million in trade with the United States. Total U.S. exports to British Virgin Islands were $ 580.46 million and imports from British Virgin Islands were $4.82 million. The U.S. surplus with British Virgin Islands was $575.64 million.