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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 GDP
$27.8BCURRENT US$
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GDP GROWTH
88.7%CURRENT US$
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GDP PC 
$11,244CURRENT US$
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GDP PC GROWTH
-9.23%CURRENT US$
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GDP PC
$72,903CURRENT US$
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2012-2022
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GDP PC GROWTH
58.5%CURRENT US$
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About

Kazakhstan-Iceland In 2022, Kazakhstan exported $5.47M to Iceland. The main products that Kazakhstan exported to Iceland are 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 9.91%, from $566k in 1998 to $5.47M in 2022.

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

Iceland-Kazakhstan In 2022, Iceland exported $1.87M to Kazakhstan. The main products that Iceland exported to Kazakhstan were Non-fillet Frozen Fish ($1.07M), Hard Liquor ($456k), and Orthopedic Appliances ($108k). During the last 24 years the exports of Iceland to Kazakhstan have increased at an annualized rate of 13.3%, from $93.2k in 1998 to $1.87M in 2022.

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

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

Historical Data

Bilateral Trade by Products

Depth
Value

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 9.91%, from $566k in 1998 to $5.47M in 2022.

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 13.3%, from $93.2k in 1995 to $1.87M in 2022.

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

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

Latest Data

Trade between Kazakhstan (Flag) and Iceland (Flag)

Kazakhstan Exports

Iceland Exports

Market Competitiveness

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

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

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

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

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

Comparative Advantage Kazakhstan - Iceland

Flow
Scale

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

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).

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

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 Kazakhstan has comparative advantage over Iceland. Similarly, the more yellow a dot/product is, the more Iceland has comparative advantage over Kazakhstan.

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

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