Cyprus / Spain

Cyprus-Spain Trade: In 2023, Cyprus exported $108M to Spain. The main products that Cyprus exported to Spain were Passenger and Cargo Ships ($41.2M), Refined Petroleum ($32M), and Seed Oils ($3.64M). Over the past 5 years the exports of Cyprus to Spain have increased at an annualized rate of 27.7%, from $32M in 2018 to $108M in 2023.

In 2020, Cyprus exported services to Spain worth $93.7M, with Financial services ($76.5M), Transportation ($12.6M), and Other business services ($3.43M) being the largest in terms of value.

Spain-Cyprus Trade: In 2023, Spain exported $960M to Cyprus. The main products that Spain exported to Cyprus were Refined Petroleum ($296M), Coal Tar Oil ($247M), and Passenger and Cargo Ships ($52.3M). Over the past 5 years the exports of Spain to Cyprus have increased at an annualized rate of 12.6%,  from $530M in 2018 to $960M in 2023.

In 2009, Spain exported services to Cyprus worth $124M, with Services not allocated ($124M) being the largest in terms of value.

Comparison In 2023,  Cyprus ranked 126 in total exports ($5.7B), and does not have data regarding Economic Complexity Index. That same year, Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B).