Products Imported from China to British Virgin Islands

In the calendar year of 2023, China exported goods worth US$109 million to British Virgin Islands. Among the main exports from China to British Virgin Islands were Passenger and Cargo Ships (US$80.4 million), Railway Cargo Containers (US$13.5 million), Iron Structures (US$1.99 million), Gas Turbines (US$1.42 million) and Rubber Tires (US$1.37 million). During the last 26 years the exports of China to British Virgin Islands have grown steadily at an annualized rate of 27.8%, rising from US$185,000 in 1996 to US$109 million in 2023.

List of All Products That Were Imported from China to British Virgin Islands

The table below presents a comprehensive list of all commodities that were exported from China to British Virgin Islands in 2023, categorized by product types, and ranked by their trade values in US dollars.

Tips to use this table

1. Identifying High-Demand Products: Analyze the top-ranked products to identify which items have the highest trade values. These products are likely to be in high demand in the British Virgin Islands market, presenting lucrative opportunities for importers and resellers.
2. Niche Market Exploration: Explore products with significant trade values that may not be commonly known. These niche products could represent untapped market segments with less competition, allowing resellers and importers to carve out a unique position in the market.

Last Updated: April, 2024

Note #1: The HS4 code, or Harmonized System 4-digit code, is part of the Harmonized Commodity Description and Coding System (HS). It’s an internationally standardized system for classifying goods in international trade.

Note #2: This table is regularly updated on an annual basis. Therefore, we encourage you to revisit frequently to access the latest information regarding trade between China and British Virgin Islands.

Trade Agreements between China and British Virgin Islands

China and the British Virgin Islands (BVI), a British Overseas Territory, do not have formal bilateral trade agreements directly between each other, primarily due to the political status of the BVI which conducts most foreign affairs and defense matters through the United Kingdom. However, economic interactions, particularly in finance and investment, are influenced by broader agreements and policies involving the UK and by the BVI’s status as an offshore financial center.

Here are some of the key points relevant to the relationship between China and the British Virgin Islands:

1. Global Financial Relations – The British Virgin Islands is a significant player in the global financial services industry, and it is known for its offshore financial services that attract Chinese businesses and investors. The BVI provides incorporation services, and many Chinese companies and individuals utilize BVI entities for international business transactions, investments, and as holding companies, due to favorable tax regulations and the ease of doing business.
2. Indirect Impact of UK-China Relations – While not directly linked through trade agreements, the BVI’s economic policies and legal frameworks are impacted by the UK’s international agreements and foreign policy, which in turn influence economic activities between China and the BVI. For instance, regulatory changes in the UK affecting offshore financial practices can influence Chinese investments in the BVI.
3. Investment Routes and Protection – Chinese investments often route through BVI-registered entities to other global destinations, leveraging the jurisdiction’s regulatory framework. Although there is no specific bilateral investment treaty between China and the BVI, the legal protections provided by the BVI’s framework under UK oversight offer a level of security for Chinese investors.

The economic relationship between China and the BVI primarily revolves around the use of BVI’s offshore financial services by Chinese businesses. This relationship is characterized by indirect but significant financial flows, which highlight the BVI’s role in global finance rather than conventional trade in goods or services.