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2022
Flag → Flag
Exports $24.8MRnk 37 / 194
2022
Flag → Flag
Top Product $14.1MCheese
2022
Flag → Flag
Exports $5.84MRnk 141 / 213
2022
Flag → Flag
Top Product $1.27MCars
2022
Flag
Economic Complexity (ECI) ECI -0.24Rnk 78 / 133
2022
Flag  
GDP$28.4BCURRENT US$
Rnk 105 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 138 / 186
2022
Flag
 GDP$1.68TCURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP GROWTH8.3%CURRENT US$
Rnk 148 / 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$64,491CURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP PC GROWTH-5.23%CURRENT US$
Rnk 153 / 186

About

Cyprus-Australia Trade: In 2022, Cyprus exported $24.8M to Australia. The main products that Cyprus exported to Australia were Cheese ($14.1M), Packaged Medicaments ($2.8M), and Beer ($1.95M). Over the past 5 years the exports of Cyprus to Australia have decreased at an annualized rate of 1.26%, from $26.4M in 2017 to $24.8M in 2022.

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

Australia-Cyprus Trade: In 2022, Australia exported $5.84M to Cyprus. The main products that Australia exported to Cyprus were Cars ($1.27M), Broadcasting Equipment ($626k), and Microphones and Headphones ($441k). Over the past 5 years the exports of Australia to Cyprus have increased at an annualized rate of 0.057%,  from $5.82M in 2017 to $5.84M in 2022.

In 2022, Australia 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, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Cyprus exported $24.8M to Australia. The main products exported from Cyprus to Australia were Cheese ($14.1M), Packaged Medicaments ($2.8M), and Beer ($1.95M). During the last 5 years the exports of Cyprus to Australia have decreased at an annualized rate of 1.26%, from $26.4M in 2017 to $24.8M in 2022.

In 2017, Australia exported $5.84M to Cyprus. The main products exported from Australia to Cyprus were Cars ($1.27M), Broadcasting Equipment ($626k), and Microphones and Headphones ($441k). During the last 5 years the exports of Australia to Cyprus have increased at an annualized rate of 0.057%, from $5.82M in 2022 to $5.84M in 2017.

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

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

Latest Data

Trade between Cyprus (Flag) and Australia (Flag)

Cyprus Exports

Australia Exports

Market Competitiveness

Color
Cyprus
Top DestinationHong Kong$482M
Australia
Top DestinationChina$123B

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

In 2022, countries that imported more from Cyprus than Australia included Greece ($471M), Lebanon ($329M), and Liberia ($255M).

In 2022, countries that imported more from Australia than Cyprus included China ($123B), Japan ($80.1B), and South Korea ($41B).

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

Comparative Advantage Cyprus - Australia

Flow
Scale

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

During 2022, Cyprus had a large net trade with Australia in the exports of Animal Products ($14.2M), Foodstuffs ($3.59M), and Chemical Products ($2.85M).

During 2017, Australia had a large net trade with Cyprus in the exports of Machines ($2.04M), Transportation ($1.6M), and Footwear and Headwear ($506k).

Economic Complexity

Competitive Landscape

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

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

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