US trade with British Virgin Islands in the 3rd quarter of 2017

Published or Updated: Mar 28, 2018

The report on US foreign trade in goods with British Virgin Islands in the 3rd quarter of 2017: exports, imports, balance, product types and groups, dynamics.

US Trade with British Virgin Islands

In the 3rd quarter of 2017, US trade with British Virgin Islands totaled $115.6 million, up 170.34% ($72.8 million) from the 3rd quarter of 2016.

US exports to British Virgin Islands in the 3rd quarter of 2017 totaled $114.4 million, up 182.53% ($73.9 million) from the 3rd quarter of 2016.

US imports from British Virgin Islands in the 3rd quarter of 2017 were $1.1 million, down 48.97% ($1.1 million) from the 3rd quarter of 2016.

US trade surplus with British Virgin Islands in the 3rd quarter of 2017 was $113.3 million, a 196.15% increase ($75.0 million) over the 3rd quarter of 2016.

British Virgin Islands was the US 112th largest trading partner in the 3rd quarter of 2017 (up from 145th in the 3rd quarter of 2016), accounting for 0.0117% of US total trade (up from 0.0052% in the 3rd quarter of 2016).

British Virgin Islands was the US 94th largest export market in the 3rd quarter of 2017 (up from 128th in the 3rd quarter of 2016), accounting for 0.0300% of US total exports (up from 0.0117% in the 3rd quarter of 2016).

British Virgin Islands was the US 180th largest supplier in the 3rd quarter of 2017 (down from 167th in the 3rd quarter of 2016), accounting for 0.0002% of US total imports (down from 0.0005% in the 3rd quarter of 2016).

US Exports to British Virgin Islands

The major share of US exports to British Virgin Islands in the 3rd quarter of 2017 (and in the 3rd quarter of 2016) was accounted for the following product types:

  • Mineral products (HS codes 25-27) - 35.13% of US total exports to British Virgin Islands (8.82% in the 3rd quarter of 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 34.94% of US total exports to British Virgin Islands (31.54% in the 3rd quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 4.98% of US total exports to British Virgin Islands (13.01% in the 3rd quarter of 2016);
  • Wood and wood products (HS codes 44-49) - 3.18% of US total exports to British Virgin Islands (6.55% in the 3rd quarter of 2016);
  • Chemical products (HS codes 28-40) - 2.83% of US total exports to British Virgin Islands (10.24% in the 3rd quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 1.98% of US total exports to British Virgin Islands (6.71% in the 3rd quarter of 2016);
  • Textiles, textile products and footwear (HS codes 50-67) - 0.70% of US total exports to British Virgin Islands (1.49% in the 3rd quarter of 2016);
  • Precious metals and stones (HS code 71) - 0.12% of US total exports to British Virgin Islands (2.89% in the 3rd quarter of 2016).

The largest gains in US exports to British Virgin Islands in the 3rd quarter of 2017 over the 3rd 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 $36.8 million;
  • Aircraft, spacecraft, and parts thereof (HS code 88) - an increase of $28.8 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 $2.1 million;
  • Wood and articles of wood; wood charcoal (HS code 44) - an increase of $1.0 million;
  • Articles of stone, plaster, cement, asbestos, mica or similar materials (HS code 68) - an increase of $0.4 million;
  • Miscellaneous manufactured articles (HS code 96) - an increase of $0.4 million.

The largest declines in US exports to British Virgin Islands in the 3rd quarter of 2017 over the 3rd quarter of 2016 were recorded for the following product groups:

  • 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 $1.0 million;
  • Plastics and articles thereof (HS code 39) - a decrease of $0.9 million;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $0.7 million;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - a decrease of $0.7 million;
  • Ships, boats and floating structures (HS code 89) - a decrease of $0.6 million;
  • Iron and steel (HS code 72) - a decrease of $0.3 million.
US exports to British Virgin Islands in the 3rd quarter of 2017 by product groups
HS
code
Name of product group Value
of exports
in Q3 2017
(USD thousand)
Share
in total export
(%)
Value
of exports
in Q3 2016
(USD thousand)
Change
in Q3 2017
over Q3 2016
(%)
02 Meat and edible meat offal 1,348.4 1.18 1,183.913.90
03 Fish and crustaceans, molluscs and other aquatic invertebrates 376.7 0.33 170.1121.46
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 396.2 0.35 256.754.33
05 Products of animal origin, not elsewhere specified or included 3.1 0.00 17.3-82.12
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 40.4 0.04 67.8-40.46
07 Edible vegetables and certain roots and tubers 161.1 0.14 110.745.57
08 Edible fruit and nuts; peel of citrus fruit or melons 132.8 0.12 140.6-5.55
09 Coffee, tea, maté and spices 18.9 0.02 50.5-62.52
10 Cereals 130.5 0.11 115.612.84
11 Products of the milling industry; malt; starches; inulin; wheat gluten 60.6 0.05 130.4-53.52
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 53.7 0.05 13.3303.10
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 81.4 0.07 65.025.36
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 224.6 0.20 254.2-11.67
17 Sugars and sugar confectionery 110.8 0.10 152.3-27.26
18 Cocoa and cocoa preparations 79.9 0.07 61.130.76
19 Preparations of cereals, flour, starch or milk; bakers’ wares 453.4 0.40 522.9-13.28
20 Preparations of vegetables, fruit, nuts or other parts of plants 301.6 0.26 280.07.71
21 Miscellaneous edible preparations 224.3 0.20 381.4-41.21
22 Beverages, spirits and vinegar 1,390.5 1.22 1,133.022.73
23 Residues and waste from the food industries; prepared animal feed 105.8 0.09 158.9-33.39
24 Tobacco and manufactured tobacco substitutes 0.0 0.00 2.8-100.00
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 484.2 0.42 627.5-22.84
26 Ores, slag and ash 3.0 0.00 39.9-92.54
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 39,715.5 34.71 2,904.61,267.34
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 66.5 0.06 66.8-0.55
29 Organic chemicals 17.8 0.02 30.6-41.80
30 Pharmaceutical products 25.1 0.02 38.7-35.17
31 Fertilizers 16.8 0.01 14.714.73
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 613.3 0.54 634.1-3.27
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 570.2 0.50 482.818.10
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 373.2 0.33 381.9-2.27
35 Albuminoidal substances; modified starches; glues; enzymes 104.0 0.09 28.3267.46
36 Explosives; pyrotechnic products; matches; pyrophoric alloys; certain combustible preparations 35.8 0.03 0.0
37 Photographic or cinematographic goods 0.0 0.00 9.1-100.00
38 Miscellaneous chemical products 207.5 0.18 462.8-55.17
39 Plastics and articles thereof 1,038.5 0.91 1,896.5-45.24
40 Rubber and articles thereof 168.7 0.15 100.867.44
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 31.4 0.03 71.0-55.85
44 Wood and articles of wood; wood charcoal 3,259.6 2.85 2,239.845.53
45 Cork and articles of cork 8.3 0.01 2.9185.45
46 Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork 9.8 0.01 0.0
47 Pulp of wood or of other fibrous cellulosic material; waste and scrap of paper or paperboard 0.0 0.00 25.0-100.00
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 275.7 0.24 272.41.20
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 89.4 0.08 112.6-20.55
53 Other vegetable textile fibers; paper yarn and woven fabric of paper yarn 0.0 0.00 6.1-100.00
55 Man-made staple fibers 8.4 0.01 16.0-47.68
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 28.1 0.02 31.9-11.89
57 Carpets and other textile floor coverings 71.0 0.06 65.78.14
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 2.6 0.00 2.7-0.60
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 17.4 0.02 0.0
60 Knitted or crocheted fabrics 5.0 0.00 3.163.85
61 Articles of apparel and clothing accessories, knitted or crocheted 125.0 0.11 106.217.74
62 Articles of apparel and clothing accessories, not knitted or crocheted 45.0 0.04 51.1-11.98
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 241.9 0.21 128.288.67
64 Footwear, gaiters and the like; parts of such articles 158.4 0.14 176.9-10.47
65 Headgear and parts thereof 0.0 0.00 3.5-100.00
66 Umbrellas, sun umbrellas, walking sticks, seatsticks, whips, riding-crops and parts thereof 83.2 0.07 10.7680.36
67 Prepared feathers and down and articles made of feathers or of down; artificial flowers; articles of human hair 10.2 0.01 2.8267.97
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 671.6 0.59 309.3117.15
69 Ceramic products 382.5 0.33 114.5234.09
70 Glass and glassware 120.1 0.10 104.415.08
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 141.1 0.12 1,172.0-87.96
72 Iron and steel 316.7 0.28 660.1-52.03
73 Articles of iron or steel 933.3 0.82 1,180.5-20.94
74 Copper and articles thereof 120.0 0.10 45.0166.65
75 Nickel and articles thereof 6.4 0.01 0.0
76 Aluminum and articles thereof 504.2 0.44 398.826.41
81 Other base metals; cermets; articles thereof 2.8 0.00 10.2-72.91
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 103.2 0.09 53.393.87
83 Miscellaneous articles of base metal 276.0 0.24 370.0-25.41
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 3,548.3 3.10 4,246.3-16.44
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 2,817.5 2.46 2,606.48.10
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 68.0 0.06 28.7137.24
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 3,898.7 3.41 4,561.5-14.53
88 Aircraft, spacecraft, and parts thereof 28,768.5 25.14 0.0
89 Ships, boats and floating structures 99.1 0.09 732.0-86.46
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 782.5 0.68 601.530.09
91 Clocks and watches and parts thereof 173.3 0.15 219.7-21.09
92 Musical instruments; parts and accessories of such articles 6.6 0.01 4.935.81
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 2,980.6 2.60 908.4228.10
95 Toys, games and sports requisites; parts and accessories thereof 191.5 0.17 127.849.93
96 Miscellaneous manufactured articles 447.1 0.39 96.1365.08
97 Works of art, collectors’ pieces and antiques 21.9 0.02 14.649.93

US Imports from British Virgin Islands

The major share of US imports from British Virgin Islands in the 3rd quarter of 2017 (and in the 3rd quarter of 2016) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 47.24% of US total imports from British Virgin Islands (19.77% in the 3rd quarter of 2016);
  • Chemical products (HS codes 28-40) - 7.89% of US total imports from British Virgin Islands (0.00% in the 3rd quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 7.28% of US total imports from British Virgin Islands (9.76% in the 3rd quarter of 2016);
  • Textiles, textile products and footwear (HS codes 50-67) - 6.51% of US total imports from British Virgin Islands (0.00% in the 3rd quarter of 2016);
  • Mineral products (HS codes 25-27) - 5.22% of US total imports from British Virgin Islands (0.00% in the 3rd quarter of 2016).

The largest gains in US imports from British Virgin Islands in the 3rd quarter of 2017 over the 3rd quarter of 2016 were recorded for the following product groups:

  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $0.3 million;
  • Rubber and articles thereof (HS code 40) - an increase of $0.1 million;
  • Articles of iron or steel (HS code 73) - an increase of $0.1 million;
  • Salt; sulfur; earths and stone; plastering materials, lime and cement (HS code 25) - an increase of $0.1 million;
  • Articles of apparel and clothing accessories, knitted or crocheted (HS code 61) - an increase of $0.0 million;
  • Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof (HS code 56) - an increase of $0.0 million;
  • Miscellaneous manufactured articles (HS code 96) - an increase of $0.0 million;
  • Headgear and parts thereof (HS code 65) - an increase 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) - an increase of $0.0 million.

The largest declines in US imports from British Virgin Islands in the 3rd quarter of 2017 over the 3rd quarter of 2016 were recorded for the following product groups:

  • Works of art, collectors’ pieces and antiques (HS code 97) - a decrease of $1.0 million;
  • Iron and steel (HS code 72) - a decrease of $0.2 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 $0.2 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 $0.1 million;
  • Glass and glassware (HS code 70) - 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;
  • Toys, games and sports requisites; parts and accessories thereof (HS code 95) - 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.
US imports from British Virgin Islands in the 3rd quarter of 2017 by product groups
HS
code
Name of product group Value
of imports
in Q3 2017
(USD thousand)
Share
in total import
(%)
Value
of imports
in Q3 2016
(USD thousand)
Change
in Q3 2017
over Q3 2016
(%)
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 60.0 5.22 0.0
39 Plastics and articles thereof 1.5 0.13 0.0
40 Rubber and articles thereof 89.2 7.77 0.0
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 3.9 0.34 0.0
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 20.0 1.74 0.0
61 Articles of apparel and clothing accessories, knitted or crocheted 47.7 4.15 0.0
64 Footwear, gaiters and the like; parts of such articles 3.0 0.26 0.0
65 Headgear and parts thereof 4.0 0.34 0.0
70 Glass and glassware 0.0 0.00 116.1-100.00
72 Iron and steel 5.6 0.49 219.7-97.45
73 Articles of iron or steel 75.9 6.60 0.0
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 2.2 0.19 0.0
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 361.5 31.46 33.8969.58
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 74.8 6.51 218.2-65.70
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 106.5 9.27 106.00.47
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 0.0 0.00 15.7-100.00
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 0.0 0.00 71.5-100.00
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 36.2 3.15 205.8-82.42
95 Toys, games and sports requisites; parts and accessories thereof 0.0 0.00 27.1-100.00
96 Miscellaneous manufactured articles 8.7 0.76 0.0
97 Works of art, collectors’ pieces and antiques 3.6 0.32 1,050.7-99.65
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce