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Pricing

2022
Flag → Flag
Exports $21.9kRnk 52 / 90
2022
Flag → Flag
Top Product $21.5kOffice Machine Parts
2022
Flag → Flag
Exports $1.75MRnk 143 / 209
2022
Flag → Flag
Top Product $427kCompasses
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag
 GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186

About

British Virgin Islands-Norway Trade: In 2022, British Virgin Islands exported $21.9k 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 increased at an annualized rate of 30.6%, from $4.42k in 2016 to $21.9k in 2022.

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

Norway-British Virgin Islands Trade: In 2022, Norway exported $1.75M 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 increased at an annualized rate of 23.6%,  from $261k in 2016 to $1.75M 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
Value

In 2022, British Virgin Islands exported $21.9k 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 increased at an annualized rate of 30.6%, from $4.42k in 2016 to $21.9k in 2022.

In 2017, Norway exported $1.75M 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 increased at an annualized rate of 23.6%, from $261k in 2022 to $1.75M in 2017.

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

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

Latest Data

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

Norway Exports

Market Competitiveness

Color
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 (Flag) and British Virgin Islands (Flag) (2022)

Comparative Advantage British Virgin Islands - Norway

Flow
Scale

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).

Economic Complexity

Competitive Landscape

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.

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

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