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2022
Flag → Flag
Exports $1.31MRnk 111 / 194
2022
Flag → Flag
Top Product $332kMedical Instruments
2022
Flag → Flag
Exports $5.74MRnk 36 / 129
2022
Flag → Flag
Top Product $5.11MRaw Aluminium
2022
Flag
Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
Flag  
GDP$28.4BCURRENT US$
Rnk 105 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 138 / 186
2022
Flag
 GDP$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
GDP PC $31,284CURRENT US$
Rnk 36 / 186
2012-2022
Flag
GDP PC GROWTH7.9%CURRENT US$
Rnk 123 / 186
2022
Flag
GDP PC$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186

About

Cyprus-Armenia Trade: In 2022, Cyprus exported $1.31M to Armenia. The main products that Cyprus exported to Armenia were Medical Instruments ($332k), Packaged Medicaments ($328k), and Base Metal Watches ($298k). Over the past 5 years the exports of Cyprus to Armenia have decreased at an annualized rate of 5.87%, from $1.77M in 2017 to $1.31M in 2022.

In 2022, Cyprus did not export any services to Armenia.

Armenia-Cyprus Trade: In 2022, Armenia exported $5.74M to Cyprus. The main products that Armenia exported to Cyprus were Raw Aluminium ($5.11M), Building Stone ($518k), and Aluminium Foil ($20.2k). Over the past 5 years the exports of Armenia to Cyprus have increased at an annualized rate of 114%,  from $127k in 2017 to $5.74M in 2022.

In 2022, Armenia did not export any services to Cyprus.

Comparison In 2022,  Cyprus ranked 125 in total exports ($4.91B), and does not have data regarding Economic Complexity Index. That same year, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Cyprus exported $1.31M to Armenia. The main products exported from Cyprus to Armenia were Medical Instruments ($332k), Packaged Medicaments ($328k), and Base Metal Watches ($298k). During the last 5 years the exports of Cyprus to Armenia have decreased at an annualized rate of 5.87%, from $1.77M in 2017 to $1.31M in 2022.

In 2017, Armenia exported $5.74M to Cyprus. The main products exported from Armenia to Cyprus were Raw Aluminium ($5.11M), Building Stone ($518k), and Aluminium Foil ($20.2k). During the last 5 years the exports of Armenia to Cyprus have increased at an annualized rate of 114%, from $127k in 2022 to $5.74M in 2017.

Exports from Cyprus (Flag) to Armenia (Flag) (2022)

Exports from Armenia (Flag) to Cyprus (Flag) (2022)

Latest Data

Trade between Cyprus (Flag) and Armenia (Flag)

Cyprus Exports

Armenia Exports

Market Competitiveness

Color
Cyprus
Top DestinationHong Kong$482M
Armenia
Top DestinationRussia$2.36B

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

In 2022, countries that imported more from Cyprus than Armenia included Greece ($471M), Hong Kong ($482M), and Lebanon ($329M).

In 2022, countries that imported more from Armenia than Cyprus included Russia ($2.36B), China ($420M), and United Arab Emirates ($535M).

Difference in imports from Armenia (Flag) and Cyprus (Flag) (2022)

Comparative Advantage Cyprus - Armenia

Flow
Scale

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

During 2022, Cyprus had a large net trade with Armenia in the exports of Instruments ($637k), Chemical Products ($332k), and Animal and Vegetable Bi-Products ($183k).

During 2017, Armenia had a large net trade with Cyprus in the exports of Metals ($5.13M), Stone And Glass ($519k), and Textiles ($41.1k).

Economic Complexity

Competitive Landscape

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

Product Space of Cyprus (Flag) and Armenia (Flag) (2022)

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