US trade with British Virgin Islands in the 2nd quarter of 2017

Published or Updated: Sep 07, 2017

The report on US foreign trade in goods with British Virgin Islands in the 2nd quarter of 2017: exports, imports, balance, product types and groups, dynamics.

US Trade with British Virgin Islands

In the 2nd quarter of 2017, US trade with British Virgin Islands totaled $92.5 million, up 16.62% ($13.2 million) from the 2nd quarter of 2016.

US exports to British Virgin Islands in the 2nd quarter of 2017 totaled $89.8 million, up 15.63% ($12.1 million) from the 2nd quarter of 2016.

US imports from British Virgin Islands in the 2nd quarter of 2017 totaled $2.7 million, up 63.34% ($1.0 million) from the 2nd quarter of 2016.

US trade surplus with British Virgin Islands in the 2nd quarter of 2017 was $87.1 million, a 14.60% increase ($11.1 million) over the 2nd quarter of 2016.

British Virgin Islands was the US 120th largest trading partner in the 2nd quarter of 2017 (up from 122nd in the 2nd quarter of 2016), accounting for 0.0094% of US total trade (up from 0.0086% in the 2nd quarter of 2016).

British Virgin Islands was the US 108th largest export market in the 2nd quarter of 2017 (down from 106th in the 2nd quarter of 2016), accounting for 0.0233% of US total exports (up from 0.0214% in the 2nd quarter of 2016).

British Virgin Islands was the US 169th largest supplier in the 2nd quarter of 2017 (up from 170th in the 2nd quarter of 2016), accounting for 0.0004% of US total imports (up from 0.0003% in the 2nd quarter of 2016).

US Exports to British Virgin Islands

The major share of US exports to British Virgin Islands in the 2nd quarter of 2017 (and in the 2nd quarter of 2016) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 59.35% of US total exports to British Virgin Islands (64.20% in the 2nd quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 7.73% of US total exports to British Virgin Islands (9.67% in the 2nd quarter of 2016);
  • Mineral products (HS codes 25-27) - 5.93% of US total exports to British Virgin Islands (3.65% in the 2nd quarter of 2016);
  • Chemical products (HS codes 28-40) - 5.11% of US total exports to British Virgin Islands (4.00% in the 2nd quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 3.67% of US total exports to British Virgin Islands (2.91% in the 2nd quarter of 2016);
  • Wood and wood products (HS codes 44-49) - 3.39% of US total exports to British Virgin Islands (3.42% in the 2nd quarter of 2016);
  • Textiles, textile products and footwear (HS codes 50-67) - 1.50% of US total exports to British Virgin Islands (0.74% in the 2nd quarter of 2016).

The largest gains in US exports to British Virgin Islands in the 2nd quarter of 2017 over the 2nd quarter of 2016 were recorded for the following product groups:

  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - an increase of $2.4 million;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $1.6 million;
  • Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings (HS code 94) - an increase of $1.6 million;
  • Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles (HS code 85) - an increase of $1.5 million;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - an increase of $1.3 million;
  • Plastics and articles thereof (HS code 39) - an increase of $0.8 million;
  • Organic chemicals (HS code 29) - an increase of $0.7 million;
  • Prepared feathers and down and articles made of feathers or of down; artificial flowers; articles of human hair (HS code 67) - an increase of $0.6 million;
  • Wood and articles of wood; wood charcoal (HS code 44) - an increase of $0.5 million;
  • Articles of iron or steel (HS code 73) - an increase of $0.4 million;
  • Ceramic products (HS code 69) - an increase of $0.4 million;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $0.4 million;
  • Aluminum and articles thereof (HS code 76) - an increase of $0.3 million;
  • Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal (HS code 82) - an increase of $0.3 million.

The largest declines in US exports to British Virgin Islands in the 2nd quarter of 2017 over the 2nd quarter of 2016 were recorded for the following product groups:

  • Aircraft, spacecraft, and parts thereof (HS code 88) - a decrease of $0.9 million;
  • Ships, boats and floating structures (HS code 89) - a decrease of $0.4 million;
  • Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin (HS code 71) - a decrease of $0.3 million;
  • Miscellaneous edible preparations (HS code 21) - a decrease of $0.3 million;
  • Preparations of cereals, flour, starch or milk; bakers’ wares (HS code 19) - a decrease of $0.3 million.
US exports to British Virgin Islands in the 2nd quarter of 2017 by product groups
HS
code
Name of product group Value
of exports
in Q2 2017
(USD thousand)
Share
in total export
(%)
Value
of exports
in Q2 2016
(USD thousand)
Change
in Q2 2017
over Q2 2016
(%)
01 Live animals 0.0 0.00 3.0-100.00
02 Meat and edible meat offal 1,484.1 1.65 1,546.4-4.03
03 Fish and crustaceans, molluscs and other aquatic invertebrates 482.3 0.54 380.226.86
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 554.8 0.62 359.354.43
05 Products of animal origin, not elsewhere specified or included 101.6 0.11 2.73,664.68
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 84.6 0.09 69.621.51
07 Edible vegetables and certain roots and tubers 247.4 0.28 146.568.85
08 Edible fruit and nuts; peel of citrus fruit or melons 225.4 0.25 206.39.26
09 Coffee, tea, maté and spices 48.7 0.05 98.6-50.66
10 Cereals 97.2 0.11 123.7-21.42
11 Products of the milling industry; malt; starches; inulin; wheat gluten 49.9 0.06 65.2-23.54
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 11.1 0.01 14.8-25.15
13 Lac; gums, resins and other vegetable saps and extracts 0.0 0.00 2.7-100.00
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 119.1 0.13 137.7-13.48
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 242.2 0.27 329.9-26.57
17 Sugars and sugar confectionery 82.8 0.09 127.9-35.23
18 Cocoa and cocoa preparations 53.9 0.06 88.4-38.99
19 Preparations of cereals, flour, starch or milk; bakers’ wares 505.9 0.56 778.6-35.02
20 Preparations of vegetables, fruit, nuts or other parts of plants 532.8 0.59 474.712.24
21 Miscellaneous edible preparations 300.6 0.33 580.7-48.24
22 Beverages, spirits and vinegar 1,569.4 1.75 1,810.7-13.33
23 Residues and waste from the food industries; prepared animal feed 132.8 0.15 142.9-7.05
24 Tobacco and manufactured tobacco substitutes 12.1 0.01 17.6-31.21
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 816.6 0.91 754.48.26
26 Ores, slag and ash 11.3 0.01 0.0
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 4,493.2 5.00 2,077.4116.29
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 86.2 0.10 21.9293.35
29 Organic chemicals 708.4 0.79 12.55,558.80
30 Pharmaceutical products 75.2 0.08 58.129.32
31 Fertilizers 3.1 0.00 0.0
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 508.7 0.57 473.17.53
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 424.0 0.47 477.9-11.27
34 Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial waxes, prepared waxes, polishing or scouring preparations, candles and similar articles, modeling pastes, "dental waxes" and dental preparations with a basis of plaster 464.5 0.52 468.7-0.91
35 Albuminoidal substances; modified starches; glues; enzymes 34.9 0.04 22.058.34
36 Explosives; pyrotechnic products; matches; pyrophoric alloys; certain combustible preparations 0.0 0.00 3.9-100.00
37 Photographic or cinematographic goods 7.4 0.01 0.0
38 Miscellaneous chemical products 459.7 0.51 486.7-5.55
39 Plastics and articles thereof 1,730.5 1.93 928.286.44
40 Rubber and articles thereof 85.8 0.10 152.2-43.61
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 114.2 0.13 48.8134.18
43 Furskins and artificial fur; manufactures thereof 0.0 0.00 6.1-100.00
44 Wood and articles of wood; wood charcoal 2,524.0 2.81 2,062.022.41
45 Cork and articles of cork 5.7 0.01 0.0
46 Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork 3.2 0.00 0.0
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 325.7 0.36 481.4-32.33
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 182.3 0.20 108.568.00
53 Other vegetable textile fibers; paper yarn and woven fabric of paper yarn 8.6 0.01 17.5-50.96
54 Man-made filaments 3.1 0.00 0.0
55 Man-made staple fibers 15.2 0.02 0.0
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 17.4 0.02 76.3-77.26
57 Carpets and other textile floor coverings 132.3 0.15 55.9136.53
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 4.7 0.01 2.587.96
60 Knitted or crocheted fabrics 5.5 0.01 0.0
61 Articles of apparel and clothing accessories, knitted or crocheted 117.1 0.13 37.2215.06
62 Articles of apparel and clothing accessories, not knitted or crocheted 54.0 0.06 78.9-31.52
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 171.2 0.19 99.971.43
64 Footwear, gaiters and the like; parts of such articles 181.4 0.20 136.033.34
65 Headgear and parts thereof 10.5 0.01 15.2-30.53
66 Umbrellas, sun umbrellas, walking sticks, seatsticks, whips, riding-crops and parts thereof 8.8 0.01 8.61.44
67 Prepared feathers and down and articles made of feathers or of down; artificial flowers; articles of human hair 613.4 0.68 46.61,217.05
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 330.3 0.37 485.2-31.92
69 Ceramic products 543.2 0.60 158.6242.57
70 Glass and glassware 230.0 0.26 271.1-15.15
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 489.6 0.55 773.5-36.70
72 Iron and steel 397.7 0.44 463.1-14.11
73 Articles of iron or steel 1,235.2 1.38 790.256.31
74 Copper and articles thereof 98.8 0.11 172.7-42.78
76 Aluminum and articles thereof 691.1 0.77 402.771.63
79 Zinc and articles thereof 0.0 0.00 2.7-100.00
80 Tin and articles thereof 2.7 0.00 16.5-83.59
81 Other base metals; cermets; articles thereof 30.5 0.03 4.3601.29
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 365.1 0.41 81.8346.21
83 Miscellaneous articles of base metal 477.9 0.53 321.948.46
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 5,947.5 6.62 4,336.237.16
85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 3,763.6 4.19 2,305.163.28
86 Railway or tramway locomotives, rolling-stock and parts thereof; railway or tramway track fixtures and fittings and parts thereof; mechanical (including electro-mechanical) traffic signalling equipment of all kinds 14.9 0.02 7.3103.25
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 5,736.0 6.39 4,387.430.74
88 Aircraft, spacecraft, and parts thereof 35,576.2 39.62 36,515.2-2.57
89 Ships, boats and floating structures 1,080.9 1.20 1,506.9-28.27
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 1,170.7 1.30 791.247.96
91 Clocks and watches and parts thereof 246.9 0.27 158.955.35
92 Musical instruments; parts and accessories of such articles 26.6 0.03 27.5-3.44
94 Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings 2,667.2 2.97 1,082.3146.44
95 Toys, games and sports requisites; parts and accessories thereof 231.5 0.26 126.083.80
96 Miscellaneous manufactured articles 114.7 0.13 168.0-31.68
97 Works of art, collectors’ pieces and antiques 20.4 0.02 0.0

US Imports from British Virgin Islands

The major share of US imports from British Virgin Islands in the 2nd quarter of 2017 (and in the 2nd quarter of 2016) was accounted for the following product types:

  • Chemical products (HS codes 28-40) - 19.57% of US total imports from British Virgin Islands (0.84% in the 2nd quarter of 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 17.08% of US total imports from British Virgin Islands (24.59% in the 2nd quarter of 2016);
  • Textiles, textile products and footwear (HS codes 50-67) - 12.58% of US total imports from British Virgin Islands (8.90% in the 2nd quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 5.28% of US total imports from British Virgin Islands (0.70% in the 2nd quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 0.00% of US total imports from British Virgin Islands (8.78% in the 2nd quarter of 2016).
  • Precious metals and stones (HS code 71) - 0.00% of US total imports from British Virgin Islands (3.62% in the 2nd quarter of 2016).

The largest gains in US imports from British Virgin Islands in the 2nd quarter of 2017 over the 2nd quarter of 2016 were recorded for the following product groups:

  • Rubber and articles thereof (HS code 40) - an increase of $0.5 million;
  • Footwear, gaiters and the like; parts of such articles (HS code 64) - an increase of $0.3 million;
  • Railway or tramway locomotives, rolling-stock and parts thereof; railway or tramway track fixtures and fittings and parts thereof; mechanical (including electro-mechanical) traffic signalling equipment of all kinds (HS code 86) - an increase of $0.1 million;
  • Articles of iron or steel (HS code 73) - an increase of $0.1 million;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $0.0 million;
  • Toys, games and sports requisites; parts and accessories thereof (HS code 95) - an increase of $0.0 million;
  • Iron and steel (HS code 72) - an increase of $0.0 million.

The largest declines in US imports from British Virgin Islands in the 2nd quarter of 2017 over the 2nd quarter of 2016 were recorded for the following product groups:

  • Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes (HS code 15) - a decrease of $0.1 million;
  • Ceramic products (HS code 69) - a decrease of $0.1 million;
  • Articles of apparel and clothing accessories, knitted or crocheted (HS code 61) - a decrease of $0.1 million;
  • Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin (HS code 71) - a decrease of $0.1 million;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $0.1 million;
  • Articles of apparel and clothing accessories, not knitted or crocheted (HS code 62) - a decrease of $0.0 million;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - a decrease of $0.0 million;
  • Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) (HS code 42) - a decrease of $0.0 million;
  • Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles (HS code 85) - a decrease of $0.0 million;
  • Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings (HS code 94) - a decrease of $0.0 million;
  • Headgear and parts thereof (HS code 65) - a decrease of $0.0 million;
  • Man-made filaments (HS code 54) - a decrease of $0.0 million.
US imports from British Virgin Islands in the 2nd quarter of 2017 by product groups
HS
code
Name of product group Value
of imports
in Q2 2017
(USD thousand)
Share
in total import
(%)
Value
of imports
in Q2 2016
(USD thousand)
Change
in Q2 2017
over Q2 2016
(%)
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 0.0 0.00 144.0-100.00
39 Plastics and articles thereof 4.1 0.15 4.03.01
40 Rubber and articles thereof 520.4 19.42 9.95,175.28
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 0.0 0.00 29.1-100.00
54 Man-made filaments 0.0 0.00 10.2-100.00
61 Articles of apparel and clothing accessories, knitted or crocheted 4.3 0.16 75.3-94.31
62 Articles of apparel and clothing accessories, not knitted or crocheted 2.9 0.11 44.0-93.37
64 Footwear, gaiters and the like; parts of such articles 330.0 12.31 0.0
65 Headgear and parts thereof 0.0 0.00 16.6-100.00
69 Ceramic products 0.0 0.00 77.5-100.00
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 0.0 0.00 59.4-100.00
72 Iron and steel 14.2 0.53 0.0
73 Articles of iron or steel 127.3 4.75 3.53,504.22
76 Aluminum and articles thereof 0.0 0.00 8.0-100.00
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 278.1 10.38 236.517.61
85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 38.1 1.42 64.9-41.37
86 Railway or tramway locomotives, rolling-stock and parts thereof; railway or tramway track fixtures and fittings and parts thereof; mechanical (including electro-mechanical) traffic signalling equipment of all kinds 130.0 4.85 0.0
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 11.4 0.43 47.4-75.84
88 Aircraft, spacecraft, and parts thereof 0.0 0.00 3.6-100.00
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 0.0 0.00 51.1-100.00
92 Musical instruments; parts and accessories of such articles 0.0 0.00 4.9-100.00
94 Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings 0.0 0.00 22.0-100.00
95 Toys, games and sports requisites; parts and accessories thereof 85.3 3.18 48.775.16
96 Miscellaneous manufactured articles 0.0 0.00 7.5-100.00
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce