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2023
Flag → Flag
Exports $4.17kRnk 65 / 82
2023
Flag → Flag
Top Product $2.34kHard Liquor
2023
Flag → Flag
Exports $415kRnk 96 / 0
2023
Flag
 GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 195
2023
Flag
GDP PC$79,637CURRENT US$
Rnk 11 / 196
2013-2023
Flag
GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 195

About

British Virgin Islands-Iceland Trade: In 2023, British Virgin Islands exported $4.17k to Iceland. The main products that British Virgin Islands exported to Iceland were Hard Liquor ($2.34k) and Tropical Fruits ($1.84k). Over the past 7 years the exports of British Virgin Islands to Iceland have decreased at an annualized rate of 6.17%, from $6.52k in 2016 to $4.17k in 2023.

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

Iceland-British Virgin Islands Trade: In 2023, Iceland exported $415k to British Virgin Islands. The main products that Iceland exported to British Virgin Islands were N/A. Over the past 7 years the exports of Iceland to British Virgin Islands have increased at an annualized rate of 30.7%,  from $48.9k in 2016 to $415k in 2023.

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

Comparison In 2023,  British Virgin Islands ranked 178 in total exports ($281M). That same year, Iceland ranked 115 in total exports ($7.31B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, British Virgin Islands exported $4.17k to Iceland. The main products exported from British Virgin Islands to Iceland were Hard Liquor ($2.34k) and Tropical Fruits ($1.84k). During the last 7 years the exports of British Virgin Islands to Iceland have decreased at an annualized rate of 6.17%, from $6.52k in 2016 to $4.17k in 2023.

In 2016, Iceland exported $415k to British Virgin Islands. There were not main exports from Iceland to British Virgin Islands in 2016. During the last 5 years the exports of Iceland to British Virgin Islands have increased at an annualized rate of 30.7%, from $48.9k in 2021 to $415k in 2016.

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

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

Latest Data

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

Iceland Exports

Market Competitiveness

Color
British Virgin Islands
Top DestinationMalta$93.7M
Iceland
Top DestinationNetherlands$1.97B

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

In 2023, countries that imported more from British Virgin Islands than Iceland included Malta ($93.7M), Guyana ($61.6M), and Greece ($30.3M).

In 2023, countries that imported more from Iceland than British Virgin Islands included Netherlands ($1.97B), Germany ($771M), and United States ($735M).

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

Comparative Advantage British Virgin Islands - Iceland

Flow
Scale

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

During 2023, British Virgin Islands had a large net trade with Iceland in the exports of Foodstuffs ($2.34k) and Vegetable Products ($1.84k).

During 2016, Iceland had a large net trade with British Virgin Islands in the exports of .

Economic Complexity

Competitive Landscape

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

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

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