Iceland (ISL) and Kyrgyzstan (KGZ) Trade | The Observatory of Economic Complexity

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Iceland-Kyrgyzstan Trade: In 2022, Iceland exported $51.7k to Kyrgyzstan. The main products that Iceland exported to Kyrgyzstan were Non-fillet Frozen Fish ($39.7k), Hard Liquor ($10.7k), and Liquid Pumps ($1.33k). Over the past 5 years the exports of Iceland to Kyrgyzstan have increased at an annualized rate of 23%, from $18.3k in 2017 to $51.7k in 2022.

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

Kyrgyzstan-Iceland Trade: In 2022, Kyrgyzstan exported $1.54k to Iceland. The main products that Kyrgyzstan exported to Iceland were Prefabricated Buildings ($1.54k). Over the past 5 years the exports of Kyrgyzstan to Iceland have increased at an annualized rate of 334%, from $1 in 2017 to $1.54k in 2022.

In 2009, Kyrgyzstan exported services to Iceland worth $5.5k, with Royalties and license fees ($5.5k) being the largest in terms of value.

Comparison In 2022, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Kyrgyzstan ranked 70 in the Economic Complexity Index (ECI -0.12), and 141 in total exports ($2.5B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Iceland exported $51.7k to Kyrgyzstan. The main products exported from Iceland to Kyrgyzstan were Non-fillet Frozen Fish ($39.7k), Hard Liquor ($10.7k), and Liquid Pumps ($1.33k). During the last 5 years the exports of Iceland to Kyrgyzstan have increased at an annualized rate of 23%, from $18.3k in 2017 to $51.7k in 2022.

In 2017, Kyrgyzstan exported $1.54k to Iceland. The main products exported from Kyrgyzstan to Iceland were Prefabricated Buildings ($1.54k). During the last 5 years the exports of Kyrgyzstan to Iceland have increased at an annualized rate of 334%, from $1 in 2022 to $1.54k in 2017.

Exports from Iceland () to Kyrgyzstan () (2022)

Exports from Kyrgyzstan () to Iceland () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iceland
Top DestinationNetherlands$1.97B

Kyrgyzstan
Top DestinationRussia$1.07B

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

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

In 2022, countries that imported more from Kyrgyzstan than Iceland included Russia ($1.07B), Kazakhstan ($445M), and Uzbekistan ($240M).

Difference in imports from Kyrgyzstan () and Iceland () (2022)

Comparative Advantage Iceland - Kyrgyzstan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iceland had a large net trade with Kyrgyzstan in the exports of Animal Products ($39.7k), Foodstuffs ($10.7k), and Machines ($1.33k).

During 2017, Kyrgyzstan had a large net trade with Iceland in the exports of Miscellaneous ($1.54k).

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 Iceland and Kyrgyzstan. This means that a dot/product with the flag of Iceland indicates it has a comparative advantage over Kyrgyzstan. Similarly, a dot/product with the flag of Kyrgyzstan indicates it has a comparative advantage over Iceland.

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Historical Data

Bilateral Trade by Products

Exports from Iceland () to Kyrgyzstan () (2022)

Exports from Kyrgyzstan () to Iceland () (2022)

Market Competitiveness

Difference in imports from Kyrgyzstan () and Iceland () (2022)

Comparative Advantage Iceland - Kyrgyzstan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Iceland () and Kyrgyzstan () (2022)

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