Austria (AUT) and Cyprus (CYP) Trade | The Observatory of Economic Complexity

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Austria-Cyprus Trade: In 2022, Austria exported $89.6M to Cyprus. The main products that Austria exported to Cyprus were Orthopedic Appliances ($9.19M), Electrical Transformers ($7.09M), and Cars ($3.43M). Over the past 5 years the exports of Austria to Cyprus have increased at an annualized rate of 5.99%, from $67M in 2017 to $89.6M in 2022.

In 2020, Austria exported services to Cyprus worth $152M, with Transportation ($41.1M), Computer and information services ($32M), and Communications services ($28.6M) being the largest in terms of value.

Cyprus-Austria Trade: In 2022, Cyprus exported $27.9M to Austria. The main products that Cyprus exported to Austria were Cheese ($7.06M), Ferroalloys ($4.52M), and Packaged Medicaments ($2.05M). Over the past 5 years the exports of Cyprus to Austria have increased at an annualized rate of 3.64%, from $22.5M in 2017 to $27.9M in 2022.

In 2020, Cyprus exported services to Austria worth $29.7M, with Travel ($10.3M), Insurance services ($9.14M), and Financial services ($6.85M) being the largest in terms of value.

Comparison In 2022, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B). That same year, Cyprus ranked 125 in total exports ($4.91B), 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, Austria exported $89.6M to Cyprus. The main products exported from Austria to Cyprus were Orthopedic Appliances ($9.19M), Electrical Transformers ($7.09M), and Cars ($3.43M). During the last 5 years the exports of Austria to Cyprus have increased at an annualized rate of 5.99%, from $67M in 2017 to $89.6M in 2022.

In 2017, Cyprus exported $27.9M to Austria. The main products exported from Cyprus to Austria were Cheese ($7.06M), Ferroalloys ($4.52M), and Packaged Medicaments ($2.05M). During the last 5 years the exports of Cyprus to Austria have increased at an annualized rate of 3.64%, from $22.5M in 2022 to $27.9M in 2017.

Exports from Austria () to Cyprus () (2022)

Exports from Cyprus () to Austria () (2022)

Latest Data

Trade between Austria () and Cyprus ()

Austria Exports

Date

Cyprus Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Austria
Top DestinationGermany$57.7B

Cyprus
Top DestinationHong Kong$482M

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

In 2022, countries that imported more from Austria than Cyprus included Germany ($57.7B), United States ($14.4B), and Italy ($13.6B).

In 2022, countries that imported more from Cyprus than Austria included Lebanon ($329M), Liberia ($255M), and Marshall Islands ($173M).

Difference in imports from Cyprus () and Austria () (2022)

Comparative Advantage Austria - Cyprus

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Austria had a large net trade with Cyprus in the exports of Machines ($25.7M), Instruments ($12M), and Transportation ($7.75M).

During 2017, Cyprus had a large net trade with Austria in the exports of Animal Products ($7.09M), Metals ($4.57M), and Chemical Products ($4M).

Bilateral Service Trade

Cyp Year

Aut Year

In 2020, Austria exported services to Cyprus worth $152M, with Transportation ($41.1M), Computer and information services ($32M), and Communications services ($28.6M) being the largest in terms of value.

In 2020, Cyprus exported services to Austria worth $29.7M, with Travel ($10.3M), Insurance services ($9.14M), and Financial services ($6.85M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Austria () to Cyprus () (2022)

Exports from Cyprus () to Austria () (2022)

Latest Data

Trade between Austria () and Cyprus ()

Austria Exports

Cyprus Exports

Market Competitiveness

Difference in imports from Cyprus () and Austria () (2022)

Comparative Advantage Austria - Cyprus

Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Austria () and Cyprus () (2022)

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