Indonesia's Exports and Imports to the British Virgin Islands Decreased in 2020

Indonesia's trade balance with the British Virgin Islands experienced a deficit of US$30,000 in 2020. This trade deficit decreased by 99.58% compared to the previous year's balance, which was recorded at US$-7,189,000.

The improvement in the trade balance, according to Trademap data, was supported by Indonesia's export value, which reached US$1.14 million. However, Indonesia's imports from the British Virgin Islands in 2020 were higher than exports, reaching US$1.17 million.

Indonesia's exports to the British Virgin Islands have been declining over the past year. The previous year's export value was US$2.1 million.

Imports, according to Trademap data, decreased by 87.42% compared to the previous year, which was recorded at US$9.28 million.

Based on product type, there were 10 main export products from Indonesia to the British Virgin Islands that recorded a surplus during 2020. The total value of these main exports reached US$1.11 million.

List of 10 Main Indonesian Export Products to the British Virgin Islands

1. (HS 94): Furniture; beds, mattresses, mattress supports, cushions and similar stuffed furniture;…


2. (HS 44): Wood and wood articles; wood charcoal


3. (HS 39): Plastics and articles thereof


4. (HS 46): Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork


5. (HS 63): Other made-up textile articles; sets; worn clothing and worn textile articles; rags


6. (HS 68): Articles of stone, plaster, cement, asbestos, mica or similar materials


7. (HS 83): Articles of base metal; nes


8. (HS 97): Works of art, collectors' pieces and antiques


9. (HS 87): Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof


10. (HS 73): Articles of iron or steel

Globally, the trade balance for all goods improved this time due to an increase in several types of goods. Indonesia's total trade balance was recorded at US$21.68 billion, or a 703.56% increase. In other words, Indonesia recorded a trade surplus. The previous year's trade balance with all countries in the world was recorded at US$-3.59 billion.