Kazakhstan (KAZ) and Iceland (ISL) Trade | The Observatory of Economic Complexity

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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 Trade: In 2022, Iceland exported $1.87M to Kazakhstan. The main products that Iceland exported to Kazakhstan were Non-fillet Frozen Fish ($1.07M), Hard Liquor ($456k), and Orthopedic Appliances ($108k). Over the past 5 years the exports of Iceland to Kazakhstan have decreased at an annualized rate of 3.85%, from $2.28M in 2017 to $1.87M in 2022.

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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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.

In 2017, Iceland exported $1.87M to Kazakhstan. The main products exported from Iceland to Kazakhstan were Non-fillet Frozen Fish ($1.07M), Hard Liquor ($456k), and Orthopedic Appliances ($108k). During the last 5 years the exports of Iceland to Kazakhstan have decreased at an annualized rate of 3.85%, from $2.28M in 2022 to $1.87M in 2017.

Exports from Kazakhstan () to Iceland () (2022)

Exports from Iceland () to Kazakhstan () (2022)

Latest Data

Trade between Kazakhstan () and Iceland ()

Kazakhstan Exports

Date

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kazakhstan
Top DestinationChina$13.4B

Iceland
Top DestinationNetherlands$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 () and Kazakhstan () (2022)

Comparative Advantage Kazakhstan - Iceland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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).

During 2017, Iceland had a large net trade with Kazakhstan in the exports of Animal Products ($1.15M), Foodstuffs ($552k), and Instruments ($108k).

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 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.

About

Historical Data

Bilateral Trade by Products

Exports from Kazakhstan () to Iceland () (2022)

Exports from Iceland () to Kazakhstan () (2022)

Latest Data

Trade between Kazakhstan () and Iceland ()

Kazakhstan Exports

Iceland Exports

Market Competitiveness

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

Comparative Advantage Kazakhstan - Iceland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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