Sweden (SWE) and British Virgin Islands (VGB) Trade | The Observatory of Economic Complexity

About

Sweden-British Virgin Islands Trade: In 2022, Sweden exported $2.03M to British Virgin Islands. The main products that Sweden exported to British Virgin Islands were Recreational Boats ($1.69M), Paintings ($127k), and Other Heating Machinery ($81k). Over the past 5 years the exports of Sweden to British Virgin Islands have increased at an annualized rate of 7.02%, from $1.45M in 2017 to $2.03M in 2022.

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

British Virgin Islands-Sweden Trade: In 2022, British Virgin Islands exported $115k to Sweden. The main products that British Virgin Islands exported to Sweden were Other Slag and Ash ($68.5k), Leather Footwear ($27.1k), and Rubber Footwear ($10.5k). Over the past 5 years the exports of British Virgin Islands to Sweden have decreased at an annualized rate of 41%, from $1.61M in 2017 to $115k in 2022.

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

Comparison In 2022, Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B). That same year, British Virgin Islands ranked 185 in total exports ($206M), and does not have data regarding Economic Complexity Index.

Latest Trends

July, 2024

About

Overview In July 2024, Sweden exported SEK6k and imported SEK3.3M from British Virgin Islands, resulting in a negative trade balance of SEK3.3M. Between July 2023 and July 2024 the exports of Sweden have decreased by SEK-474k (-98.8%) from SEK480k to SEK6k, while imports increased by SEK1.82M (122%) from SEK1.49M to SEK3.3M.

Trade In July 2024, the top exports of Sweden to British Virgin Islands were Matches (SEK72k), Metal Mountings (SEK18k), Jewellery (SEK4k), Used Clothing (SEK1k), and Leather Footwear (SEK1k). In July 2024 the top imports of Sweden from British Virgin Islands were Rubber Footwear (SEK3.46M), Textile Footwear (SEK3.43M), Leather Footwear (SEK377k), Other Headwear (SEK40k), and Knit Gloves (SEK26k).

Growth In July 2024, the decrease in Sweden's year-by-year exports to British Virgin Islands was explained primarily by an decrease in product exports in . In August 2024, the increase in Sweden's year-by-year imports from British Virgin Islands was explained primarily by an increase in product imports in .

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Sweden exported $2.03M to British Virgin Islands. The main products exported from Sweden to British Virgin Islands were Recreational Boats ($1.69M), Paintings ($127k), and Other Heating Machinery ($81k). During the last 5 years the exports of Sweden to British Virgin Islands have increased at an annualized rate of 7.02%, from $1.45M in 2017 to $2.03M in 2022.

In 2017, British Virgin Islands exported $115k to Sweden. The main products exported from British Virgin Islands to Sweden were Other Slag and Ash ($68.5k), Leather Footwear ($27.1k), and Rubber Footwear ($10.5k). During the last 5 years the exports of British Virgin Islands to Sweden have decreased at an annualized rate of 41%, from $1.61M in 2022 to $115k in 2017.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Sweden
Top DestinationGermany$19.2B

British Virgin Islands
Top DestinationMalta$85.8M

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 2022, countries that imported more from Sweden than British Virgin Islands included Germany ($19.2B), Norway ($18.7B), and United States ($17.8B).

In 2022, countries that imported more from British Virgin Islands than Sweden included Malta ($85.8M) and Montserrat ($24.9k).

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

Comparative Advantage Sweden - British Virgin Islands

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Sweden had a large net trade with British Virgin Islands in the exports of Transportation ($1.69M), Arts and Antiques ($127k), and Machines ($125k).

During 2017, British Virgin Islands had a large net trade with Sweden in the exports of Mineral Products ($68.5k), Footwear and Headwear ($44.2k), and Metals ($2.1k).

Economic Complexity

Competitive Landscape

Year

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.

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage Sweden - British Virgin Islands

Economic Complexity

Competitive Landscape

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

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage Sweden - British Virgin Islands

Economic Complexity

Competitive Landscape

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

Keep Exploring