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British Virgin Islands

British Virgin Islands ranked No. 104 in total trade value through October with a total of $641.78 million. Exports totaled $609.03 million and Imports totaled $32.75 million, a surplus of $576.28 million.

January – October 2018

Top Trading Ports

Total Trade: $641.78 million

RankPortTotal YTD
1Anchorage International Airport, Alaska $135,369,003
2Port of Savannah, Ga. $131,680,329
3Port Everglades, Fla. $90,560,524
4Port of Palm Beach, Fla. $83,005,606
5Port of San Juan, Puerto Rico $48,258,766
6Low-Valued Imports and Exports $37,916,423
7Miami International Airport $27,754,620
8Port of Hartford, Conn. $22,808,350
9Christiansted Port Terminal, U.S. Virgin Islands $17,549,022
10Port of Frederiksted, V.I. $13,975,439

U.S. trade with British Virgin Islands rose to $641.78 million through October

British Virgin Islands’s trade with the United States rose to $641.78 million through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 110.24 percent above its total trade during the same time period last year. British Virgin Islands’s exports increased 103.52 percent while imports rose 443.67 percent. The U.S. surplus with British Virgin Islands was $576.28 million.

Through October, the top five among the nation’s airports, seaports and border crossings were No. 1 Anchorage International Airport, Alaska; No. 2 Port of Savannah, Ga.; No. 3 Port Everglades, Fla.; No. 4 Port of Palm Beach, Fla.; and No. 5 Port of San Juan, Puerto Rico. During the same period the previous year, the top five were No. 1 Port of Palm Beach, Fla. No. 2 Clinton International Airport, Little Rock, Ark. No. 3 Port of San Juan, Puerto Rico No. 4 Port Everglades, Fla. and No. 5 Low-Valued Imports and Exports. In the current time period, the top five accounted for 76.17 percent of British Virgin Islands’s U.S. trade.

Among those top five:

  • Trade with No. 1 Anchorage International Airport, Alaska rose 576.8 percent to $135.37 million.
    Exports rose 576.73 percent to $135.34 million. Imports rose 1217.27 percent to $31,430.
  • Trade with No. 2 Port of Savannah, Ga. rose 29362 percent to $131.68 million.
    Exports rose 37717 percent to $131.67 million. Imports fell 92.28 percent to $7,625.
  • Trade with No. 3 Port Everglades, Fla. rose 222.36 percent to $90.56 million.
    Exports rose 212.47 percent to $87.53 million. Imports rose 3625.06 percent to $3.03 million.
  • Trade with No. 4 Port of Palm Beach, Fla. rose 27.22 percent to $83.01 million.
    Exports rose 26.93 percent to $82.74 million. Imports rose 325.47 percent to $263,430.
  • Trade with No. 5 Port of San Juan, Puerto Rico rose 64.96 percent to $48.26 million.
    Exports rose 64.71 percent to $48.06 million. Imports rose 156.27 percent to $202,486.

British Virgin Islands ranked No. 104 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 123.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to British Virgin Islands by value through October were the categories of Civilian aircraft, parts; Gasoline, other fuels; Low value shipments; Motor vehicles for transporting people; and Motorboats and yachts, respectively. They accounted for 65.63 percent of total exports to British Virgin Islands.

The value of the top five categories of U.S. imports from British Virgin Islands –– Value added to a returned import; Paintings, drawings and other artwork; Motorboats and yachts; Containers for transportation; and Men’s or boys’ suits, knit or crocheted –– accounted for 93.64 percent of all inbound shipments.

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

  • Civilian aircraft, parts rose 225.99 percent compared to last year to $289.72 million.
  • Gasoline, other fuels fell 19.53 percent compared to last year to $40.46 million.
  • Low value shipments rose 41.31 percent compared to last year to $37.92 million.
  • Motor vehicles for transporting people rose 56.46 percent compared to last year to $19.85 million.
  • Motorboats and yachts rose 847.09 percent compared to last year to $11.75 million.

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

  • Value added to a returned import rose 658.85 percent compared to last year to $18.15 million.
  • Paintings, drawings and other artwork rose 476090 percent compared to last year to $10 million.
  • Motorboats and yachts totaled $1.95 million. The previous year, there were no imports in this category.
  • Containers for transportation fell 51.44 percent compared to last year to $289,000.
  • Men’s or boys’ suits, knit or crocheted totaled $274,284. The previous year, there were no imports in this category.

In the latest annual figures available, British Virgin Islands recorded $374.81 million in trade with the United States. At year’s end, its were Miami; New Orleans; U.S. Virgin Islands; San Juan; and Low Value Shipments. Total U.S. exports to British Virgin Islands were $ 368.16 million and imports from British Virgin Islands were $6.66 million. The U.S. surplus with British Virgin Islands was $361.5 million.