2023
Flag  
GDP
$585BCURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP GROWTH
0.14%CURRENT US$
Rnk 170 / 195
2023
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GDP PC 
$55,517CURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP PC GROWTH
-8.76%CURRENT US$
Rnk 165 / 195

About

Sweden-British Virgin Islands Trade: In 2023, Sweden exported $5.26M to British Virgin Islands. The main products that Sweden exported to British Virgin Islands were Recreational Boats ($5.12M), Hard Liquor ($42.6k), and Knit Sweaters ($28.3k). Over the past 5 years the exports of Sweden to British Virgin Islands have increased at an annualized rate of 60%, from $501k in 2018 to $5.26M in 2023.

In 2023, Sweden did not export any services to British Virgin Islands.

British Virgin Islands-Sweden Trade: In 2023, British Virgin Islands exported $211k to Sweden. The main products that British Virgin Islands exported to Sweden were Sculptures ($92.6k), Rubber Footwear ($48.8k), and Leather Footwear ($46.7k). Over the past 5 years the exports of British Virgin Islands to Sweden have decreased at an annualized rate of 34.8%,  from $1.8M in 2018 to $211k in 2023.

In 2023, British Virgin Islands did not export any services to Sweden.

Comparison In 2023,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.53),  and 32 in total exports ($188B). That same year, British Virgin Islands ranked 178 in total exports ($281M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sweden exported $5.26M to British Virgin Islands. The main products exported from Sweden to British Virgin Islands were Recreational Boats ($5.12M), Hard Liquor ($42.6k), and Knit Sweaters ($28.3k). During the last 5 years the exports of Sweden to British Virgin Islands have increased at an annualized rate of 60%, from $501k in 2018 to $5.26M in 2023.

In 2018, British Virgin Islands exported $211k to Sweden. The main products exported from British Virgin Islands to Sweden were Sculptures ($92.6k), Rubber Footwear ($48.8k), and Leather Footwear ($46.7k). During the last 5 years the exports of British Virgin Islands to Sweden have decreased at an annualized rate of 34.8%, from $1.8M in 2023 to $211k in 2018.

Exports from Sweden (Flag) to British Virgin Islands (Flag) (2023)

Exports from British Virgin Islands (Flag) to Sweden (Flag) (2023)

Market Competitiveness

Color
Sweden
Top Destination
Germany$18.4B
British Virgin Islands
Top Destination
Malta$93.7M

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

In 2023, countries that imported more from Sweden than British Virgin Islands included Germany ($18.4B), United States ($18.1B), and Denmark ($14.4B).

In 2023, countries that imported more from British Virgin Islands than Sweden included Malta ($93.7M) and Guyana ($61.6M).

Difference in imports from British Virgin Islands (Flag) and Sweden (Flag) (2023)

Comparative Advantage Sweden - British Virgin Islands

Flow
Scale

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

During 2023, Sweden had a large net trade with British Virgin Islands in the exports of Transportation ($5.12M), Foodstuffs ($42.7k), and Textiles ($34.9k).

During 2018, British Virgin Islands had a large net trade with Sweden in the exports of Footwear and Headwear ($106k), Arts and Antiques ($92.6k), and Transportation ($11.4k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Sweden and British Virgin Islands. This means that a dot/product with the flag of Sweden 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 Sweden.

Product Space of Sweden (Flag) and British Virgin Islands (Flag) (2023)

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