British Virgin Islands (VGB) and Iceland (ISL) Trade | The Observatory of Economic Complexity

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British Virgin Islands-Iceland Trade: In 2022, British Virgin Islands exported $4.33k to Iceland. The main products that British Virgin Islands exported to Iceland were Hard Liquor ($4.3k) and Coin ($36). Over the past 9 years the exports of British Virgin Islands to Iceland have decreased at an annualized rate of 11.2%, from $12.6k in 2013 to $4.33k in 2022.

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

Iceland-British Virgin Islands Trade: In 2022, Iceland exported $415k to British Virgin Islands. The main products that Iceland exported to British Virgin Islands were N/A. Over the past 9 years the exports of Iceland to British Virgin Islands have increased at an annualized rate of 53.4%, from $48.9k in 2013 to $415k in 2022.

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

Comparison In 2022, British Virgin Islands ranked 185 in total exports ($206M). That same year, Iceland ranked 116 in total exports ($7.31B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, British Virgin Islands exported $4.33k to Iceland. The main products exported from British Virgin Islands to Iceland were Hard Liquor ($4.3k) and Coin ($36). During the last 9 years the exports of British Virgin Islands to Iceland have decreased at an annualized rate of 11.2%, from $12.6k in 2013 to $4.33k in 2022.

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 53.4%, from $48.9k in 2021 to $415k in 2016.

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

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

Latest Data

Trade between British Virgin Islands () and Iceland ()

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

British Virgin Islands
Top DestinationMalta$85.8M

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 2022, countries that imported more from British Virgin Islands than Iceland included Malta ($85.8M), Brazil ($23M), and Egypt ($12.2M).

In 2022, countries that imported more from Iceland than British Virgin Islands included Netherlands ($1.97B), United Kingdom ($672M), and United States ($613M).

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

Comparative Advantage British Virgin Islands - Iceland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, British Virgin Islands had a large net trade with Iceland in the exports of Foodstuffs ($4.3k) and Precious Metals ($36).

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

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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.

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between British Virgin Islands () and Iceland ()

Iceland Exports

Market Competitiveness

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

Comparative Advantage British Virgin Islands - Iceland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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