British Virgin Islands

British Virgin Islands ranked No. 114 in total trade value through April with a total of $156.07 million. Exports totaled $154.14 million and Imports totaled $1.93 million, a surplus of $152.2 million.

U.S. trade with British Virgin Islands rose to $142.91 million through March

British Virgin Islands’s trade with the United States rose to $142.91 million through the first three months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 33.04 percent below its total trade during the same time period last year. U.S. exports to British Virgin Islands decreased 33.51 percent while U.S. imports from British Virgin Islands rose 73.26 percent. The U.S. surplus with British Virgin Islands was $139.64 million.

Through March, 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 Wichita Mid-Continent Airport, Kan.; No. 4 Port Everglades, 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 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 81.23 percent of British Virgin Islands’s U.S. trade.

Among those top five:

  • Trade with No. 1 Anchorage International Airport, Alaska rose 1013268 percent to $59.6 million.
    Exports totaled $59.52 million. Imports rose 1219.57 percent to $77,604.
  • Trade with No. 2 Port of Palm Beach, Fla. fell 43.61 percent to $19.72 million.
    Exports fell 43.76 percent to $19.67 million. Imports totaled $49,910.
  • Trade with No. 3 Wichita Mid-Continent Airport, Kan. totaled $15.2 million.
    Exports totaled $15.2 million. There were no imports.
  • Trade with No. 4 Port Everglades, Fla. fell 36.7 percent to $13.22 million.
    Exports fell 36.52 percent to $13.21 million. Imports fell 90.88 percent to $6,200.
  • Trade with No. 5 Port of San Juan, Puerto Rico fell 19.61 percent to $8.35 million.
    Exports fell 19.45 percent to $8.33 million. Imports fell 53.96 percent to $22,228.

British Virgin Islands ranked No. 112 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 107.

Meanwhile, total U.S. trade with the world increased to $964.77 billion, down 4.16 percent compared to the same period last year. The nation’s exports dropped 3.07 percent to $395.69 billion; imports dropped 4.91 percent to $569.09 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $173.4 billion, down compared to the same period of last year when the deficit was $190.25 billion.

The top five U.S. exports to British Virgin Islands by value through March were the categories of Civilian aircraft, parts; Gasoline, other fuels; Low value shipments; Motorboats and yachts; and Cell phones, related equipment, respectively. They accounted for 70.27 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; Misc. articles of unhardened vulcanized rubber; Provitamins and vitamins; Estimates of low-value imports; and Plastic boxes, containers –– accounted for 90.02 percent of all inbound shipments.

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

  • Civilian aircraft, parts fell 40.62 percent compared to last year to $74.75 million.
  • Gasoline, other fuels fell 61.33 percent compared to last year to $8.12 million.
  • Low value shipments fell 16.25 percent compared to last year to $7.15 million.
  • Motorboats and yachts rose 47.51 percent compared to last year to $7.04 million.
  • Cell phones, related equipment rose 187.92 percent compared to last year to $2.21 million.

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

  • Value added to a returned import rose 72.6 percent compared to last year to $824,286.
  • Misc. articles of unhardened vulcanized rubber totaled $263,353. 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.
  • Estimates of low-value imports rose 64.13 percent compared to last year to $117,536.
  • Plastic boxes, containers totaled $31,861. The previous year, there were no imports in this category.

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.