Australia (AUS) and Cyprus (CYP) Trade | The Observatory of Economic Complexity

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Australia-Cyprus Trade: In 2023, Australia exported $35.8M to Cyprus. The main products that Australia exported to Cyprus were Cars ($14.8M), Tractors ($8.47M), and Motorcycles and cycles ($4.88M). Over the past 5 years the exports of Australia to Cyprus have increased at an annualized rate of 49.4%, from $4.81M in 2018 to $35.8M in 2023.

In 2023, Australia did not export any services to Cyprus.

Cyprus-Australia Trade: In 2023, Cyprus exported $30.3M to Australia. The main products that Cyprus exported to Australia were Cheese ($17.1M), Packaged Medicaments ($4.21M), and Beer ($2.35M). Over the past 5 years the exports of Cyprus to Australia have increased at an annualized rate of 2.2%, from $27.2M in 2018 to $30.3M in 2023.

In 2020, Cyprus exported services to Australia worth $42.3M, with Financial services ($42.3M) being the largest in terms of value.

Comparison In 2023, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B). That same year, Cyprus ranked 126 in total exports ($5.7B), 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 2023, Australia exported $35.8M to Cyprus. The main products exported from Australia to Cyprus were Cars ($14.8M), Tractors ($8.47M), and Motorcycles and cycles ($4.88M). During the last 5 years the exports of Australia to Cyprus have increased at an annualized rate of 49.4%, from $4.81M in 2018 to $35.8M in 2023.

In 2018, Cyprus exported $30.3M to Australia. The main products exported from Cyprus to Australia were Cheese ($17.1M), Packaged Medicaments ($4.21M), and Beer ($2.35M). During the last 5 years the exports of Cyprus to Australia have increased at an annualized rate of 2.2%, from $27.2M in 2023 to $30.3M in 2018.

Exports from Australia () to Cyprus () (2023)

Exports from Cyprus () to Australia () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Australia
Top DestinationChina$137B

Cyprus
Top DestinationLibya$775M

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

In 2023, countries that imported more from Australia than Cyprus included China ($137B), Japan ($59B), and South Korea ($20.9B).

In 2023, countries that imported more from Cyprus than Australia included Libya ($775M), Greece ($626M), and Lebanon ($438M).

Difference in imports from Cyprus () and Australia () (2023)

Comparative Advantage Australia - Cyprus

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Australia and Cyprus by product, considering products traded by both, Australia and Cyprus.

During 2023, Australia had a large net trade with Cyprus in the exports of Transportation ($29.3M), Miscellaneous ($1.84M), and Machines ($1.83M).

During 2018, Cyprus had a large net trade with Australia in the exports of Animal Products ($17.3M), Chemical Products ($4.53M), and Foodstuffs ($4.01M).

Bilateral Service Trade

Cyp Year

In 2020, Cyprus exported services to Australia worth $42.3M, with Financial services ($42.3M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Cyprus () to Australia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Australia () to Cyprus () (2023)

Exports from Cyprus () to Australia () (2023)

Market Competitiveness

Difference in imports from Cyprus () and Australia () (2023)

Comparative Advantage Australia - Cyprus

Bilateral Service Trade

Services Exports from Cyprus () to Australia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Australia () and Cyprus () (2023)

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