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2023
Flag → Flag
Exports $3.48kRnk 68 / 82
2023
Flag → Flag
Top Product $3.15kOther Furniture
2023
Flag → Flag
Exports $3.14MRnk 133 / 205
2023
Flag → Flag
Top Product $633kThermostats
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
Flag
 GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
GDP PC$87,925CURRENT US$
Rnk 7 / 196
2013-2023
Flag
GDP PC GROWTH-15.1%CURRENT US$
Rnk 171 / 195

About

British Virgin Islands-Norway Trade: In 2023, British Virgin Islands exported $3.48k to Norway. The main products that British Virgin Islands exported to Norway were Other Furniture ($3.15k) and Seats ($326). Over the past 6 years the exports of British Virgin Islands to Norway have decreased at an annualized rate of 5.56%, from $4.9k in 2017 to $3.48k in 2023.

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

Norway-British Virgin Islands Trade: In 2023, Norway exported $3.14M to British Virgin Islands. The main products that Norway exported to British Virgin Islands were Thermostats ($633k), Compasses ($510k), and Transmissions ($394k). Over the past 6 years the exports of Norway to British Virgin Islands have decreased at an annualized rate of 38.9%,  from $36.7M in 2017 to $3.14M in 2023.

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

Comparison In 2023,  British Virgin Islands ranked 178 in total exports ($281M), and does not have data regarding Economic Complexity Index. That same year, Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, British Virgin Islands exported $3.48k to Norway. The main products exported from British Virgin Islands to Norway were Other Furniture ($3.15k) and Seats ($326). During the last 6 years the exports of British Virgin Islands to Norway have decreased at an annualized rate of 5.56%, from $4.9k in 2017 to $3.48k in 2023.

In 2018, Norway exported $3.14M to British Virgin Islands. The main products exported from Norway to British Virgin Islands were Thermostats ($633k), Compasses ($510k), and Transmissions ($394k). During the last 5 years the exports of Norway to British Virgin Islands have decreased at an annualized rate of 38.9%, from $36.7M in 2023 to $3.14M in 2018.

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

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

Latest Data

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

Norway Exports

Market Competitiveness

Color
British Virgin Islands
Top DestinationMalta$93.7M
Norway
Top DestinationGermany$33.8B

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 2023, countries that imported more from British Virgin Islands than Norway included Malta ($93.7M), Guyana ($61.6M), and Barbados ($4.1M).

In 2023, countries that imported more from Norway than British Virgin Islands included Germany ($33.8B), United Kingdom ($32.6B), and Sweden ($15.9B).

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

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 2023, British Virgin Islands had a large net trade with Norway in the exports of Miscellaneous ($3.48k).

During 2018, Norway had a large net trade with British Virgin Islands in the exports of Machines ($1.44M), Instruments ($1.38M), and Metals ($296k).

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) (2023)

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