2022
Flag  
GDP
$221BCURRENT US$
Rnk 53 / 186
2012-2022
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GDP GROWTH
6.07%CURRENT US$
Rnk 150 / 186
2022
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 GDP
$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
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GDP GROWTH
88.7%CURRENT US$
Rnk 20 / 186
2022
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GDP PC 
$11,244CURRENT US$
Rnk 73 / 186
2012-2022
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GDP PC GROWTH
-9.23%CURRENT US$
Rnk 161 / 186
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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About

Kazakhstan-Iceland Trade: 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). Over the past 5 years the exports of Kazakhstan to Iceland have increased at an annualized rate of 29.3%, from $1.51M in 2017 to $5.47M in 2022.

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

Iceland-Kazakhstan In N/A, Iceland did not export any products to Kazakhstan.

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 5 years the exports of Kazakhstan to Iceland have increased at an annualized rate of 29.3%, from $1.51M in 2017 to $5.47M in 2022.

Iceland does not register exports to Kazakhstan. The main products exported from Iceland to Kazakhstan were Non-fillet Frozen Fish ($1.07M), Hard Liquor ($456k), and Orthopedic Appliances ($108k).

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 2022, countries that imported more from Kazakhstan than Iceland included China ($13.4B), Italy ($12.4B), and Russia ($8.78B).

In 2022, countries that imported more from Iceland than Kazakhstan included 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).

Economic Complexity

Competitive Landscape

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

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

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