Uzbekistan (UZB) and Iceland (ISL) Trade | The Observatory of Economic Complexity

About

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.

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.

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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, 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 2017 to $21.4k in 2022.

In 2017, 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 2022 to $40.1k in 2017.

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

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

Latest Data

Trade between Uzbekistan () and Iceland ()

Iceland Exports

Date

Dec 2020

Jun 2020

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Uzbekistan
Top DestinationSwitzerland$4.29B

Iceland
Top DestinationNetherlands$1.97B

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

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

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

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

Comparative Advantage Uzbekistan - Iceland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Uzbekistan had a large net trade with Iceland in the exports of Vegetable Products ($11k) and Textiles ($10.4k).

During 2017, Iceland had a large net trade with Uzbekistan in the exports of Foodstuffs ($38.8k), Textiles ($1.19k), and Plastics and Rubbers ($168).

Potential Exports

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Uzbekistan () and Iceland ()

Iceland Exports

Market Competitiveness

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

Comparative Advantage Uzbekistan - Iceland

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring