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British Indian Ocean Territory

US Revised Tariffs (%)

10

Ease of doing business

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Share of US Imports % (1 implies <1%)
US Tariff %
Revised Tariff %
Country Tariff Rate %
1
10
10
0
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
0.01
0
0.01

US Revised Tariffs

Country Tariffs

Balance of Trade

Commercial Guide

Learn about the market conditions, opportunities, regulations, and business conditions in countries, prepared by U.S. Embassies worldwide, Commerce Department, State Department and other U.S. agencies’ professionals

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Tariff Rate for US

World Bank staff estimates using the World Integrated Trade Solution system, based on tariff data from the United Nations Conference on Trade and Development's Trade Analysis and Information System ( TRAINS ) database and global imports data from the United Nations Statistics Division's Comtrade database.

Tariff rate, applied, weighted mean, all products (%)

US Imports Guide 

United States Imports from Countries during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from Countries- data, historical chart and statistics - was last updated on April of 2025.

Trading Economics - Imports

Implications

As of Saturday, April 19, 2025, the tariff situation involving the British Indian Ocean Territory (BIOT) is as follows: United States Tariffs on the British Indian Ocean Territory: A 10% baseline tariff has been imposed by the United States on goods imported from the British Indian Ocean Territory. This tariff is part of a broader "reciprocal tariff" regime initiated by the U.S. This 10% tariff went into effect on April 5, 2025. The British Indian Ocean Territory, specifically Diego Garcia which hosts a joint U.S.-UK military base, has no significant exports to the U.S. The imposition of this tariff is seen by some as a symbolic measure with likely no practical economic impact. British Indian Ocean Territory Tariffs on Imports: Information regarding specific tariffs imposed by the British Indian Ocean Territory on goods entering it is less readily available and complex due to the territory's unique nature: The British Indian Ocean Territory has no permanent civilian population. The primary inhabitants are military personnel and contractors at the Diego Garcia base. Given the limited civilian presence and the nature of the territory as a military installation, traditional customs duties and tariffs as applied in most countries may not be the primary mechanism for regulating the flow of goods. The movement of goods is likely governed by agreements between the UK and US military authorities. Some sources indicate that for general goods shipped to the territory (potentially for the personnel stationed there), import duties and taxes might apply, with rates around 20% for items like mobiles, tablets, computers, cameras, and accessories. However, this information might be related to shipping for individuals rather than formal trade. The Imports and Exports Control Ordinance 2009 of the British Indian Ocean Territory provides the legal framework for controlling the movement of goods. Key Considerations: The U.S. tariff on the BIOT is largely symbolic due to the lack of significant trade between the two. Import regulations and any applicable duties within the BIOT are likely tailored to the needs of the military base and its personnel, rather than traditional commercial trade. Access to the British Indian Ocean Territory is restricted, requiring permits. In summary, the most recent tariff update concerning the British Indian Ocean Territory is the imposition of a 10% tariff by the United States on its imports from the territory, a move that is not expected to have a practical economic impact given the nature of the BIOT's economy. Information on tariffs imposed by the BIOT is less clear and likely specific to the logistical and regulatory framework of the military base.

US Negotiation Strategy

Based on available trade data, the top imports to the US from the British Indian Ocean Territory (BIOT) are quite limited in variety and value. According to the Observatory of Economic Complexity (OEC) data for 2023: Refined Petroleum: $38.5 Million Other Inedible Animal Products: $7.56 Million Aluminium Structures: $6.92 Million Insulated Wire: $4.25 Million Prefabricated Buildings: $1.98 Million Non-fillet Frozen Fish: $14.9 Million (Note: This is listed as a top export of BIOT overall, with the US being a destination for $330k of total BIOT exports in 2023. It's unclear if this makes it a significant import to the US specifically). Electric Motor Parts: $185k (Similarly, this is a top BIOT export with the US as a destination, but the value suggests it's a smaller import to the US). It's important to note that the total value of imports from BIOT to the US is relatively small compared to imports from other countries. Now, regarding which states in the US can manufacture the same types of goods, with examples of companies: Refined Petroleum: This is a major industry in the United States. States with significant oil refining capacity include:   Texas: Companies like ExxonMobil, Valero Energy, Marathon Petroleum.   Louisiana: Companies like Shell, Phillips 66, PBF Energy.   California: Companies like Chevron, Marathon Petroleum, Valero Energy. Other states with refining capacity include Illinois, Pennsylvania, New Jersey, and Washington.   Other Inedible Animal Products: This is a broad category. Depending on the specific products, manufacturing could occur in states with significant agriculture and related processing: Texas: Leather goods manufacturing, animal hides processing. Companies can range from smaller leather goods producers to larger tanneries.   Iowa: Processing of animal byproducts. Companies involved in meat processing (e.g., Tyson Foods, JBS) also handle inedible animal products.   California: Similar to Texas, with leather and hide processing. Wisconsin: Animal byproduct processing related to the dairy and meat industries. Aluminium Structures: Several states have companies that manufacture aluminum structures for various purposes: Ohio: Companies like Novelis (although primarily aluminum rolling and recycling, they supply material for structures). Many smaller fabrication companies exist.   Indiana: Similar to Ohio, with aluminum processing and fabrication. Pennsylvania: Numerous companies specializing in metal fabrication, including aluminum.   Michigan: While known for automotive, companies also produce aluminum parts and structures for other industries. Insulated Wire: This is a common manufacturing process in numerous states: North Carolina: Companies like Corning (produces fiber optic cables), General Cable (now Prysmian). Georgia: Companies like Southwire Company. Indiana: Companies like Essex Furukawa Magnet Wire.   Texas: Numerous electrical wire and cable manufacturers. Prefabricated Buildings: Many companies across the US manufacture prefabricated buildings:   Texas: Companies like Clayton Homes (a large national manufacturer), modular building companies.   Pennsylvania: Numerous companies specializing in modular construction for residential and commercial use.   Indiana: A hub for recreational vehicle (RV) manufacturing, which involves similar prefabricated construction techniques.   California: Companies focusing on modular homes and commercial buildings.   Non-fillet Frozen Fish: The US has a significant fishing and seafood processing industry:   Alaska: Major hub for commercial fishing and processing of various fish species. Companies like Trident Seafoods, Alaska Pacific Seafoods. Washington: Similar to Alaska, with a strong presence in seafood processing.   Massachusetts: Historically a major fishing state with processing facilities.   Louisiana: Gulf Coast states have seafood processing, particularly for shrimp and other shellfish, but also some finfish.   Electric Motor Parts: The manufacturing of electric motors and their parts occurs in several states: Indiana: Companies like Regal Rexnord, Baldor Electric (now part of ABB). Ohio: Many industrial motor manufacturers. Michigan: Automotive industry suppliers often produce electric motor components, especially with the shift to electric vehicles. Illinois: Electrical equipment manufacturing. It's important to reiterate that while these US states and companies can manufacture similar types of goods to the top imports from the British Indian Ocean Territory, the specific types, quantities, and quality might differ. The BIOT's trade with the US appears to be specialized in certain niches or potentially related to specific logistical or historical factors.

Investing in USA

theboardiQ Economic Relevance Score, ranks States of USA based on 11 parameters

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Sources : Forbes | USDA Economic Research | TCGen Total Innovation Rank Index | Best States for Manufacturing | World Population Review | Tax Foundation | US News | BEA Data | Wikipedia | International Trade Administration

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theboardiQ's Economic Relevance Score provides a comprehensive, data-driven assessment of a nation's economic vitality and global significance. This score is meticulously calculated using 11 key parameters, each reflecting a critical facet of economic performance. It analyzes the representation of Fortune 500 companies within a nation, a strong indicator of its business environment and market size. The balance of trade surplus or deficit reveals the nation's international competitiveness and export strength. It incorporates Gross Domestic Product (GDP), a fundamental measure of overall economic output, and examine the health of key sectors like agriculture and manufacturing. The score also accounts for innovation, gauging a nation's ability to drive future growth through technological advancements. Crucial labor market indicators such as employment rates are considered, alongside fiscal policies reflected in tax rates. To capture the lived experience of citizens, it assesses cost of living and disposable income, providing insight into purchasing power and economic well-being. Finally, education levels are integrated, recognizing their pivotal role in fostering a skilled workforce and driving long-term economic development. By synthesizing these 11 parameters, theboardiQ's Economic Relevance Score delivers a nuanced and holistic view of a nation's economic standing, enabling informed strategic decisions. The Top 5 States in the assessment are Texas, North Carolina, Virginia, Florida and Washington. Texas does consistently well across most of the 11 variables especially in the areas of GDP, F500 representation in the State, Balance of Trade where it ranks 2nd nationally. North Carolina scores as the highest-ranking state nationally in manufacturing and performs consistently across the other variables. Virginia does well in disposable income where it ranks 3rd nationally. It also scores high in the variables of manufacturing and employment Florida holds the 4th ranking nationally for GDP and Tax Washington State scores the top spot for disposable income nationally, 2nd for education and 3rd for innovation. Colorado, with an overall rank of 7 scores the top spot for Education (schools and higher education). Nebraska, that ranked 10th overall, did well in Agriculture where it is ranked 3rd nationally as well as Trade Balance where it ranked 5th. Illinois, though ranked 20th overall did well nationally in F500 representation, GDP, Agriculture, and Disposable Income. Pennsylvania comes in at 21 overall doing well nationally in GDP (6th); Manufacturing (8th) and F500 representation (8th) New York scores 23rd overall with a 2 ranking in Disposable Income nationally, as well as 3rd in both F500 representation and GDP. California comes in at 29th overall and has the top spot ranking in a whopping 4 variables nationally – GDP, Innovation, Agriculture and F500 representation. However, performance in the areas of Trade Balance, Cost of Living, Tax, Manufacturing and Employment resulted in the overall ranking dipping. Wyoming at 30th overall scores the top spot nationally in the area of Tax Massachusetts at 31 overall does well in innovation where it is ranked 2nd nationally Arkansas at 36 and Alabama at 39, do well in overall Cost of Living where they are ranked 2nd and 3rd nationally, respectively. Louisiana ranked 44th overall is ranked 1st in Trade Balance nationally.

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