Cyprus (CYP) and Estonia (EST) Trade | The Observatory of Economic Complexity

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Cyprus-Estonia Trade: In 2023, Cyprus exported $9.07M to Estonia. The main products that Cyprus exported to Estonia were Packaged Medicaments ($4.87M), Scrap Aluminium ($976k), and Scrap Copper ($597k). Over the past 5 years the exports of Cyprus to Estonia have decreased at an annualized rate of 0.35%, from $9.23M in 2018 to $9.07M in 2023.

In 2020, Cyprus exported services to Estonia worth $1.14M, with Financial services ($1.14M) being the largest in terms of value.

Estonia-Cyprus Trade: In 2023, Estonia exported $10.4M to Cyprus. The main products that Estonia exported to Cyprus were Ferroalloys ($2.5M), Sawn Wood ($1.1M), and Time Recording Instruments ($899k). Over the past 5 years the exports of Estonia to Cyprus have decreased at an annualized rate of 9.42%, from $17M in 2018 to $10.4M in 2023.

In 2020, Estonia exported services to Cyprus worth $40.8M, with Transportation ($19.5M), Other business services ($9.02M), and Computer and information services ($7.88M) being the largest in terms of value.

Comparison In 2023, Cyprus ranked 126 in total exports ($5.7B). That same year, Estonia ranked 79 in total exports ($20B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Cyprus exported $9.07M to Estonia. The main products exported from Cyprus to Estonia were Packaged Medicaments ($4.87M), Scrap Aluminium ($976k), and Scrap Copper ($597k). During the last 5 years the exports of Cyprus to Estonia have decreased at an annualized rate of 0.35%, from $9.23M in 2018 to $9.07M in 2023.

In 2018, Estonia exported $10.4M to Cyprus. The main products exported from Estonia to Cyprus were Ferroalloys ($2.5M), Sawn Wood ($1.1M), and Time Recording Instruments ($899k). During the last 5 years the exports of Estonia to Cyprus have decreased at an annualized rate of 9.42%, from $17M in 2023 to $10.4M in 2018.

Exports from Cyprus () to Estonia () (2023)

Exports from Estonia () to Cyprus () (2023)

Latest Data

Trade between Cyprus () and Estonia ()

Cyprus Exports

Date

Estonia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Cyprus
Top DestinationLibya$775M

Estonia
Top DestinationFinland$2.71B

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

In 2023, countries that imported more from Cyprus than Estonia included Libya ($775M), Greece ($626M), and Lebanon ($438M).

In 2023, countries that imported more from Estonia than Cyprus included Finland ($2.71B), Latvia ($1.91B), and Lithuania ($1.74B).

Difference in imports from Estonia () and Cyprus () (2023)

Comparative Advantage Cyprus - Estonia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Cyprus had a large net trade with Estonia in the exports of Chemical Products ($4.92M), Metals ($2.14M), and Instruments ($521k).

During 2018, Estonia had a large net trade with Cyprus in the exports of Metals ($2.64M), Wood Products ($2.28M), and Instruments ($1.67M).

Bilateral Service Trade

Est Year

Cyp Year

In 2020, Cyprus exported services to Estonia worth $1.14M, with Financial services ($1.14M) being the largest in terms of value.

In 2020, Estonia exported services to Cyprus worth $40.8M, with Transportation ($19.5M), Other business services ($9.02M), and Computer and information services ($7.88M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Cyprus () to Estonia () (2023)

Exports from Estonia () to Cyprus () (2023)

Latest Data

Trade between Cyprus () and Estonia ()

Cyprus Exports

Estonia Exports

Market Competitiveness

Difference in imports from Estonia () and Cyprus () (2023)

Comparative Advantage Cyprus - Estonia

Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Cyprus () and Estonia () (2023)

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