British Virgin Islands (VGB) and Norway (NOR) Trade | The Observatory of Economic Complexity

About

British Virgin Islands-Norway Trade: In 2022, British Virgin Islands exported $4.42k to Norway. The main products that British Virgin Islands exported to Norway were Office Machine Parts ($21.5k) and Other Footwear ($412). Over the past 6 years the exports of British Virgin Islands to Norway have decreased at an annualized rate of 67.6%, from $3.8M in 2016 to $4.42k in 2022.

In 2022, British Virgin Islands did not export any services to Norway.

Norway-British Virgin Islands Trade: In 2022, Norway exported $261k to British Virgin Islands. The main products that Norway exported to British Virgin Islands were Compasses ($427k), Gas and Liquid Flow Measuring Instruments ($152k), and Other Measuring Instruments ($144k). Over the past 6 years the exports of Norway to British Virgin Islands have decreased at an annualized rate of 57.8%, from $46M in 2016 to $261k in 2022.

In 2022, Norway did not export any services to British Virgin Islands.

Comparison In 2022, British Virgin Islands ranked 185 in total exports ($206M), and does not have data regarding Economic Complexity Index. That same year, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, British Virgin Islands exported $4.42k to Norway. The main products exported from British Virgin Islands to Norway were Office Machine Parts ($21.5k) and Other Footwear ($412). During the last 6 years the exports of British Virgin Islands to Norway have decreased at an annualized rate of 67.6%, from $3.8M in 2016 to $4.42k in 2022.

In 2017, Norway exported $261k to British Virgin Islands. The main products exported from Norway to British Virgin Islands were Compasses ($427k), Gas and Liquid Flow Measuring Instruments ($152k), and Other Measuring Instruments ($144k). During the last 22 years the exports of Norway to British Virgin Islands have decreased at an annualized rate of 57.8%, from $46M in 1995 to $261k in 2017.

Exports from British Virgin Islands () to Norway () (2022)

Exports from Norway () to British Virgin Islands () (2022)

Latest Data

Trade between British Virgin Islands () and Norway ()

Norway Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

British Virgin Islands
Top DestinationMalta$85.8M

Norway
Top DestinationGermany$78.1B

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

In 2022, countries that imported more from British Virgin Islands than Norway included Malta ($85.8M), Zimbabwe ($5.02M), and Madagascar ($266k).

In 2022, countries that imported more from Norway than British Virgin Islands included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

Difference in imports from Norway () and British Virgin Islands () (2022)

Comparative Advantage British Virgin Islands - Norway

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, British Virgin Islands had a large net trade with Norway in the exports of Machines ($21.5k) and Footwear and Headwear ($412).

During 2017, Norway had a large net trade with British Virgin Islands in the exports of Instruments ($930k), Machines ($759k), and Metals ($28.6k).

Potential Exports

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of British Virgin Islands and Norway. This means that a dot/product with the flag of British Virgin Islands indicates it has a comparative advantage over Norway. Similarly, a dot/product with the flag of Norway indicates it has a comparative advantage over British Virgin Islands.

About

Historical Data

Bilateral Trade by Products

Exports from British Virgin Islands () to Norway () (2022)

Exports from Norway () to British Virgin Islands () (2022)

Latest Data

Trade between British Virgin Islands () and Norway ()

Norway Exports

Market Competitiveness

Difference in imports from Norway () and British Virgin Islands () (2022)

Comparative Advantage British Virgin Islands - Norway

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of British Virgin Islands () and Norway () (2022)

Keep Exploring