2022
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GDP
$27.8BCURRENT US$
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2012-2022
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GDP GROWTH
88.7%CURRENT US$
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2022
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GDP PC 
$72,903CURRENT US$
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2012-2022
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GDP PC GROWTH
58.5%CURRENT US$
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About

Iceland-British Virgin Islands In 2021, Iceland exported $415k to British Virgin Islands. The main products that Iceland exported to British Virgin Islands are N/A. During the last 26 years the exports of Iceland to British Virgin Islands have increased at an annualized rate of 18.9%, from $4.58k in 1995 to $415k in 2021.

In 2021, Iceland did not export any services to British Virgin Islands.

British Virgin Islands-Iceland In 2021, British Virgin Islands exported $4.33k to Iceland. The main products that British Virgin Islands exported to Iceland were Hard Liquor ($4.3k) and Coin ($36). During the last 26 years the exports of British Virgin Islands to Iceland have increased at an annualized rate of 7.65%, from $637 in 1995 to $4.33k in 2021.

In 2021, British Virgin Islands did not export any services to Iceland.

Comparison In 2022,  Iceland ranked 116 in total exports ($7.31B). That same year, British Virgin Islands ranked 185 in total exports ($206M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Iceland exported $415k to British Virgin Islands. There were not main exports from Iceland to British Virgin Islands in 2021. During the last 26 years the exports of Iceland to British Virgin Islands have increased at an annualized rate of 18.9%, from $4.58k in 1995 to $415k in 2021.

In 2022, British Virgin Islands exported $4.33k to Iceland. The main products exported from British Virgin Islands to Iceland were Hard Liquor ($4.3k) and Coin ($36). During the last 26 years the exports of British Virgin Islands to Iceland have increased at an annualized rate of 7.65%, from $637 in 1996 to $4.33k in 2022.

Exports from Iceland (Flag) to British Virgin Islands (Flag) (2022)

Exports from British Virgin Islands (Flag) to Iceland (Flag) (2022)

Latest Data

Trade between Iceland (Flag) and British Virgin Islands (Flag)

Iceland Exports

Market Competitiveness

Color
Iceland
Top Destination
Netherlands$1.97B
British Virgin Islands
Top Destination
Malta$85.8M

This map shows whether countries import more from Iceland or British Virgin Islands. Each country is colored based on the difference in imports they receive from Iceland and British Virgin Islands or the difference in the growth in imports.

In 2021, countries that imported more from Iceland than British Virgin Islands were Netherlands ($1.97B), United Kingdom ($672M), and United States ($613M).

In 2021, countries that imported more from British Virgin Islands than Iceland were Malta ($85.8M), Brazil ($23M), and Egypt ($12.2M).

Difference in imports from British Virgin Islands (Flag) and Iceland (Flag) (2022)

Comparative Advantage Iceland - British Virgin Islands

Flow
Scale

This chart compares trade between Iceland and British Virgin Islands by product, considering products traded by both, Iceland and British Virgin Islands.

During 2021, Iceland had a large net trade with British Virgin Islands in the exports of .

During 2022, British Virgin Islands had a large net trade with Iceland in the exports of Foodstuffs ($4.3k) and Precious Metals ($36).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Iceland has comparative advantage over British Virgin Islands. Similarly, the more yellow a dot/product is, the more British Virgin Islands has comparative advantage over Iceland.

Product Space of Iceland (Flag) and British Virgin Islands (Flag) (2022)

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