2022
Flag  
GDP
$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH
88.7%CURRENT US$
Rnk 20 / 186
2022
Flag
 GDP
$80.4BCURRENT US$
Rnk 72 / 186
2012-2022
Flag
GDP GROWTH
19.1%CURRENT US$
Rnk 123 / 186
2022
Flag
GDP PC 
$72,903CURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP PC GROWTH
58.5%CURRENT US$
Rnk 29 / 186
2022
Flag
GDP PC
$2,255CURRENT US$
Rnk 143 / 186
2012-2022
Flag
GDP PC GROWTH
-0.55%CURRENT US$
Rnk 146 / 186

About

Iceland-Uzbekistan Trade: In 2022, Iceland exported $40.1k to Uzbekistan. The main products that Iceland exported to Uzbekistan were Hard Liquor ($38.7k), Blankets ($674), and Knit Men's Suits ($364). Over the past 5 years the exports of Iceland to Uzbekistan have increased at an annualized rate of 31.3%, from $10.3k in 2017 to $40.1k in 2022.

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

Uzbekistan-Iceland Trade: In 2022, Uzbekistan exported $21.4k to Iceland. The main products that Uzbekistan exported to Iceland were Grapes ($11k) and Non-Knit Men's Suits ($10.4k). Over the past 5 years the exports of Uzbekistan to Iceland have decreased at an annualized rate of 16.6%,  from $52.9k in 2017 to $21.4k in 2022.

In 2022, Uzbekistan 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, Uzbekistan ranked 79 in the Economic Complexity Index (ECI -0.28), and 83 in total exports ($16.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iceland exported $40.1k to Uzbekistan. The main products exported from Iceland to Uzbekistan were Hard Liquor ($38.7k), Blankets ($674), and Knit Men's Suits ($364). During the last 5 years the exports of Iceland to Uzbekistan have increased at an annualized rate of 31.3%, from $10.3k in 2017 to $40.1k in 2022.

In 2017, Uzbekistan exported $21.4k to Iceland. The main products exported from Uzbekistan to Iceland were Grapes ($11k) and Non-Knit Men's Suits ($10.4k). During the last 5 years the exports of Uzbekistan to Iceland have decreased at an annualized rate of 16.6%, from $52.9k in 2022 to $21.4k in 2017.

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

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

Latest Data

Trade between Iceland (Flag) and Uzbekistan (Flag)

Iceland Exports

Date

Market Competitiveness

Color
Iceland
Top Destination
Netherlands$1.97B
Uzbekistan
Top Destination
Switzerland$4.29B

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

In 2022, countries that imported more from Iceland than Uzbekistan included Netherlands ($1.97B), United States ($613M), and Germany ($573M).

In 2022, countries that imported more from Uzbekistan than Iceland included Switzerland ($4.29B), Russia ($2.6B), and China ($1.98B).

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

Comparative Advantage Iceland - Uzbekistan

Flow
Scale

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

During 2022, Iceland had a large net trade with Uzbekistan in the exports of Foodstuffs ($38.8k), Textiles ($1.19k), and Plastics and Rubbers ($168).

During 2017, Uzbekistan had a large net trade with Iceland in the exports of Vegetable Products ($11k) and Textiles ($10.4k).

Economic Complexity

Competitive Landscape

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

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

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