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2023
Flag → Flag
Exports $7.71MRnk 43 / 157
2023
Flag → Flag
Top Product $3.7MNon-fillet Frozen Fish
2023
Flag → Flag
Exports $9.95MRnk 77 / 144
2023
Flag → Flag
Top Product $8.36MCoal Briquettes
2023
Flag
Economic Complexity (ECI) ECI -0.18Rnk 71 / 132
2023
Flag  
GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 195
2023
Flag
 GDP$263BCURRENT US$
Rnk 50 / 195
2013-2023
Flag
GDP GROWTH11%CURRENT US$
Rnk 153 / 195
2023
Flag
GDP PC $79,637CURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 195
2023
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GDP PC$12,919CURRENT US$
Rnk 79 / 196
2013-2023
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GDP PC GROWTH-4.15%CURRENT US$
Rnk 158 / 195

About

Iceland-Kazakhstan Trade: In 2023, Iceland exported $7.71M to Kazakhstan. The main products that Iceland exported to Kazakhstan were Non-fillet Frozen Fish ($3.7M), Orthopedic Appliances ($2.07M), and Processed Fish ($838k). Over the past 5 years the exports of Iceland to Kazakhstan have increased at an annualized rate of 8.52%, from $5.12M in 2018 to $7.71M in 2023.

In 2023, Iceland did not export any services to Kazakhstan.

Kazakhstan-Iceland Trade: In 2023, Kazakhstan exported $9.95M to Iceland. The main products that Kazakhstan exported to Iceland were Coal Briquettes ($8.36M), Wood Carpentry ($1.55M), and Linseed ($26.2k). Over the past 5 years the exports of Kazakhstan to Iceland have increased at an annualized rate of 967%,  from $72 in 2018 to $9.95M in 2023.

In 2023, Kazakhstan did not export any services to Iceland.

Comparison In 2023,  Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Kazakhstan ranked 71 in the Economic Complexity Index (ECI -0.18), and 44 in total exports ($96.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Iceland exported $7.71M to Kazakhstan. The main products exported from Iceland to Kazakhstan were Non-fillet Frozen Fish ($3.7M), Orthopedic Appliances ($2.07M), and Processed Fish ($838k). During the last 5 years the exports of Iceland to Kazakhstan have increased at an annualized rate of 8.52%, from $5.12M in 2018 to $7.71M in 2023.

In 2018, Kazakhstan exported $9.95M to Iceland. The main products exported from Kazakhstan to Iceland were Coal Briquettes ($8.36M), Wood Carpentry ($1.55M), and Linseed ($26.2k). During the last 5 years the exports of Kazakhstan to Iceland have increased at an annualized rate of 967%, from $72 in 2023 to $9.95M in 2018.

Exports from Iceland (Flag) to Kazakhstan (Flag) (2023)

Exports from Kazakhstan (Flag) to Iceland (Flag) (2023)

Latest Data

Trade between Iceland (Flag) and Kazakhstan (Flag)

Iceland Exports

Kazakhstan Exports

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Kazakhstan
Top DestinationChina$15.2B

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 2023, countries that imported more from Iceland than Kazakhstan included Norway ($444M), Denmark ($228M), and Nigeria ($73.5M).

In 2023, countries that imported more from Kazakhstan than Iceland included China ($15.2B), United Kingdom ($14.3B), and Russia ($9.78B).

Difference in imports from Kazakhstan (Flag) and Iceland (Flag) (2023)

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 2023, Iceland had a large net trade with Kazakhstan in the exports of Animal Products ($4.06M), Instruments ($2.07M), and Foodstuffs ($1.43M).

During 2018, Kazakhstan had a large net trade with Iceland in the exports of Mineral Products ($8.36M), Wood Products ($1.55M), and Vegetable Products ($28.8k).

Economic Complexity

Competitive Landscape

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

Product Space of Iceland (Flag) and Kazakhstan (Flag) (2023)

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