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2023
Flag → Flag
Exports $1.3MRnk 99 / 196
2023
Flag → Flag
Top Product $463kPackaged Medicaments
2023
Flag → Flag
Exports $50.6MRnk 36 / 137
2023
Flag → Flag
Top Product $25.5MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI -0.43Rnk 84 / 132
2023
Flag  
GDP$33.9BCURRENT US$
Rnk 106 / 195
2013-2023
Flag
GDP GROWTH41.4%CURRENT US$
Rnk 91 / 195
2023
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 GDP$72.4BCURRENT US$
Rnk 83 / 195
2013-2023
Flag
GDP GROWTH-2.43%CURRENT US$
Rnk 173 / 195
2023
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GDP PC $36,551CURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP PC GROWTH31.5%CURRENT US$
Rnk 76 / 195
2023
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GDP PC$7,126CURRENT US$
Rnk 103 / 196
2013-2023
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GDP PC GROWTH-9.52%CURRENT US$
Rnk 168 / 195

About

Cyprus-Azerbaijan Trade: In 2023, Cyprus exported $1.3M to Azerbaijan. The main products that Cyprus exported to Azerbaijan were Packaged Medicaments ($463k), Chlorides ($444k), and Other Cloth Articles ($126k). Over the past 5 years the exports of Cyprus to Azerbaijan have increased at an annualized rate of 8.1%, from $882k in 2018 to $1.3M in 2023.

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

Azerbaijan-Cyprus Trade: In 2023, Azerbaijan exported $50.6M to Cyprus. The main products that Azerbaijan exported to Cyprus were Refined Petroleum ($25.5M), Petroleum Resins ($16.5M), and Coal Tar Oil ($8.33M). Over the past 5 years the exports of Azerbaijan to Cyprus have increased at an annualized rate of 127%,  from $834k in 2018 to $50.6M in 2023.

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

Comparison In 2023,  Cyprus ranked 126 in total exports ($5.7B), and does not have data regarding Economic Complexity Index. That same year, Azerbaijan ranked 84 in the Economic Complexity Index (ECI -0.43), and 70 in total exports ($31.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cyprus exported $1.3M to Azerbaijan. The main products exported from Cyprus to Azerbaijan were Packaged Medicaments ($463k), Chlorides ($444k), and Other Cloth Articles ($126k). During the last 5 years the exports of Cyprus to Azerbaijan have increased at an annualized rate of 8.1%, from $882k in 2018 to $1.3M in 2023.

In 2018, Azerbaijan exported $50.6M to Cyprus. The main products exported from Azerbaijan to Cyprus were Refined Petroleum ($25.5M), Petroleum Resins ($16.5M), and Coal Tar Oil ($8.33M). During the last 5 years the exports of Azerbaijan to Cyprus have increased at an annualized rate of 127%, from $834k in 2023 to $50.6M in 2018.

Exports from Cyprus (Flag) to Azerbaijan (Flag) (2023)

Exports from Azerbaijan (Flag) to Cyprus (Flag) (2023)

Latest Data

Trade between Cyprus (Flag) and Azerbaijan (Flag)

Cyprus Exports

Azerbaijan Exports

Market Competitiveness

Color
Cyprus
Top DestinationLibya$775M
Azerbaijan
Top DestinationItaly$11.4B

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

In 2023, countries that imported more from Cyprus than Azerbaijan included Libya ($775M), Lebanon ($438M), and Bermuda ($403M).

In 2023, countries that imported more from Azerbaijan than Cyprus included Italy ($11.4B), Turkey ($5.85B), and Israel ($1.4B).

Difference in imports from Azerbaijan (Flag) and Cyprus (Flag) (2023)

Comparative Advantage Cyprus - Azerbaijan

Flow
Scale

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

During 2023, Cyprus had a large net trade with Azerbaijan in the exports of Chemical Products ($944k), Textiles ($140k), and Plastics and Rubbers ($108k).

During 2018, Azerbaijan had a large net trade with Cyprus in the exports of Mineral Products ($33.8M), Plastics and Rubbers ($16.5M), and Metals ($324k).

Economic Complexity

Competitive Landscape

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

Product Space of Cyprus (Flag) and Azerbaijan (Flag) (2023)

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