2022
Flag  
GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
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GDP GROWTH
13%CURRENT US$
Rnk 141 / 186
2022
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GDP PC 
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
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GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 186

About

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 5 years the exports of Norway to British Virgin Islands have decreased at an annualized rate of 64.5%, from $46M in 2017 to $261k in 2022.

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

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 5 years the exports of British Virgin Islands to Norway have decreased at an annualized rate of 74.1%,  from $3.8M in 2017 to $4.42k in 2022.

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

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 5 years the exports of Norway to British Virgin Islands have decreased at an annualized rate of 64.5%, from $46M in 2017 to $261k in 2022.

In 2016, 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 19 years the exports of British Virgin Islands to Norway have decreased at an annualized rate of 74.1%, from $3.8M in 1997 to $4.42k in 2016.

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

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

Market Competitiveness

Color
Norway
Top Destination
Germany$78.1B
British Virgin Islands
Top Destination
Malta$85.8M

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

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

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

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

Comparative Advantage Norway - British Virgin Islands

Flow
Scale

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

During 2022, Norway had a large net trade with British Virgin Islands in the exports of Instruments ($930k), Machines ($759k), and Metals ($28.6k).

During 2016, British Virgin Islands had a large net trade with Norway in the exports of Machines ($21.5k) and Footwear and Headwear ($412).

Economic Complexity

Competitive Landscape

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

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

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