2022
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GDP
$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
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GDP GROWTH
88.7%CURRENT US$
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2022
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 GDP
$221BCURRENT US$
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2012-2022
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GDP GROWTH
6.07%CURRENT US$
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2022
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GDP PC 
$72,903CURRENT US$
Rnk 9 / 186
2012-2022
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GDP PC GROWTH
58.5%CURRENT US$
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2022
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GDP PC
$11,244CURRENT US$
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2012-2022
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GDP PC GROWTH
-9.23%CURRENT US$
Rnk 161 / 186

About

Iceland-Kazakhstan In 2022, Iceland exported $1.87M to Kazakhstan. The main products that Iceland exported to Kazakhstan are Non-fillet Frozen Fish ($1.07M), Hard Liquor ($456k), and Orthopedic Appliances ($108k). During the last 27 years the exports of Iceland to Kazakhstan have increased at an annualized rate of 11.8%, from $93.2k in 1995 to $1.87M in 2022.

In 2022, Iceland did not export any services to Kazakhstan.

Kazakhstan-Iceland In 2022, Kazakhstan exported $5.47M to Iceland. The main products that Kazakhstan exported to Iceland were Coal Briquettes ($5.38M), Wood Carpentry ($70.9k), and Linseed ($8.21k). During the last 27 years the exports of Kazakhstan to Iceland have increased at an annualized rate of 8.76%, from $566k in 1995 to $5.47M in 2022.

In 2022, Kazakhstan did not export any services to Iceland.

Comparison In 2022,  Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Kazakhstan ranked 73 in the Economic Complexity Index (ECI -0.17), and 45 in total exports ($98.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iceland exported $1.87M to Kazakhstan. The main products exported from Iceland to Kazakhstan were Non-fillet Frozen Fish ($1.07M), Hard Liquor ($456k), and Orthopedic Appliances ($108k). During the last 27 years the exports of Iceland to Kazakhstan have increased at an annualized rate of 11.8%, from $93.2k in 1995 to $1.87M in 2022.

In 2022, Kazakhstan exported $5.47M to Iceland. The main products exported from Kazakhstan to Iceland were Coal Briquettes ($5.38M), Wood Carpentry ($70.9k), and Linseed ($8.21k). During the last 24 years the exports of Kazakhstan to Iceland have increased at an annualized rate of 8.76%, from $566k in 1998 to $5.47M in 2022.

Exports from Iceland (Flag) to Kazakhstan (Flag) (2022)

Exports from Kazakhstan (Flag) to Iceland (Flag) (2022)

Latest Data

Trade between Iceland (Flag) and Kazakhstan (Flag)

Iceland Exports

Kazakhstan Exports

Market Competitiveness

Color
Iceland
Top Destination
Netherlands$1.97B
Kazakhstan
Top Destination
China$13.4B

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

In 2021, countries that imported more from Iceland than Kazakhstan were Norway ($459M), Denmark ($257M), and Portugal ($95M).

In 2021, countries that imported more from Kazakhstan than Iceland were China ($13.4B), Italy ($12.4B), and Russia ($8.78B).

Difference in imports from Kazakhstan (Flag) and Iceland (Flag) (2022)

Comparative Advantage Iceland - Kazakhstan

Flow
Scale

This chart compares trade between Iceland and Kazakhstan by product, considering products traded by both, Iceland and Kazakhstan.

During 2022, Iceland had a large net trade with Kazakhstan in the exports of Animal Products ($1.15M), Foodstuffs ($552k), and Instruments ($108k).

During 2022, Kazakhstan had a large net trade with Iceland in the exports of Mineral Products ($5.38M), Wood Products ($70.9k), and Vegetable Products ($8.55k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Iceland has comparative advantage over Kazakhstan. Similarly, the more yellow a dot/product is, the more Kazakhstan has comparative advantage over Iceland.

Product Space of Iceland (Flag) and Kazakhstan (Flag) (2022)

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