Cyprus (CYP) and Finland (FIN) Trade | The Observatory of Economic Complexity

About

Cyprus-Finland Trade: In 2023, Cyprus exported $17.6M to Finland. The main products that Cyprus exported to Finland were Cheese ($12.9M), Packaged Medicaments ($1.61M), and Integrated Circuits ($772k). Over the past 5 years the exports of Cyprus to Finland have increased at an annualized rate of 6.16%, from $13M in 2018 to $17.6M in 2023.

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

Finland-Cyprus Trade: In 2023, Finland exported $23.3M to Cyprus. The main products that Finland exported to Cyprus were Kaolin Coated Paper ($3.35M), Sawn Wood ($2.93M), and Cheese ($2.1M). Over the past 5 years the exports of Finland to Cyprus have decreased at an annualized rate of 33.6%, from $181M in 2018 to $23.3M in 2023.

In 2020, Finland exported services to Cyprus worth $34.3M, with Transportation ($16M), Computer and information services ($10.3M), and Travel ($3.43M) 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, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Cyprus exported $17.6M to Finland. The main products exported from Cyprus to Finland were Cheese ($12.9M), Packaged Medicaments ($1.61M), and Integrated Circuits ($772k). During the last 5 years the exports of Cyprus to Finland have increased at an annualized rate of 6.16%, from $13M in 2018 to $17.6M in 2023.

In 2018, Finland exported $23.3M to Cyprus. The main products exported from Finland to Cyprus were Kaolin Coated Paper ($3.35M), Sawn Wood ($2.93M), and Cheese ($2.1M). During the last 5 years the exports of Finland to Cyprus have decreased at an annualized rate of 33.6%, from $181M in 2023 to $23.3M in 2018.

Exports from Cyprus () to Finland () (2023)

Exports from Finland () to Cyprus () (2023)

Latest Data

Trade between Cyprus () and Finland ()

Cyprus Exports

Date

Finland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Cyprus
Top DestinationLibya$775M

Finland
Top DestinationUnited States$9.68B

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

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

In 2023, countries that imported more from Finland than Cyprus included United States ($9.68B), Germany ($9.26B), and Sweden ($8.13B).

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

Comparative Advantage Cyprus - Finland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Cyprus had a large net trade with Finland in the exports of Animal Products ($12.9M), Chemical Products ($1.95M), and Machines ($1.44M).

During 2018, Finland had a large net trade with Cyprus in the exports of Paper Goods ($5.17M), Machines ($3.64M), and Wood Products ($3.41M).

Bilateral Service Trade

Fin Year

Cyp Year

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

In 2020, Finland exported services to Cyprus worth $34.3M, with Transportation ($16M), Computer and information services ($10.3M), and Travel ($3.43M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Finland () 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 Finland. This means that a dot/product with the flag of Cyprus indicates it has a comparative advantage over Finland. Similarly, a dot/product with the flag of Finland indicates it has a comparative advantage over Cyprus.

About

Historical Data

Bilateral Trade by Products

Exports from Cyprus () to Finland () (2023)

Exports from Finland () to Cyprus () (2023)

Latest Data

Trade between Cyprus () and Finland ()

Cyprus Exports

Finland Exports

Market Competitiveness

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

Comparative Advantage Cyprus - Finland

Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

Keep Exploring