🇨🇾 Cyprus / United Kingdom 🇬🇧

Exports
🇨🇾 → 🇬🇧
$274M
Rank 6 / 196
(2023)
Top Product
🇨🇾 → 🇬🇧
$161M
Cheese
(2023)
GDP per Capita
🇨🇾
$36.6k
GDP: $33.9B
(2023)
Exports
🇬🇧 → 🇨🇾
$1.48B
Rank 40 / 223
(2023)
Top Product
🇬🇧 → 🇨🇾
$1.02B
Economic Complexity
🇬🇧
1.5
Rank 11 / 132
(2023)
GDP per Capita
🇬🇧
$49.5k
GDP: $3.38T
(2023)

About

Overview

In January 2025, Cyprus exported £12.4M and imported £46.7M from United Kingdom, resulting in a negative trade balance of £34.4M. Between January 2024 and January 2025 the exports of Cyprus to United Kingdom decreased by £13.7M (52.6%) from £26.1M to £12.4M, while imports increased by £10.8M (30.1%) from £35.9M to £46.7M.

Trade

In January 2025, the top exports of Cyprus to United Kingdom were Cheese (£6.62M), Delivery Trucks (£1.13M), and Citrus (£450k).

In January 2025, the main imports of Cyprus from United Kingdom were Refined Petroleum (£18.3M), Cars (£11.8M), and Delivery Trucks (£1.82M).

Growth

In January 2025, the year-on-year decline in Cyprus's exports to United Kingdom was driven mainly by exports of Valves (£-495k or -96.4%), Surveying Equipment (£-1.77M or -99.9%), and Cheese (£-4.6M or -41%). Meanwhile, in the same month, the rise in Cyprus's imports from United Kingdom was mainly attributed to imports of Refined Petroleum (£18.2M or 26.2k%), Machinery Having Individual Functions (£747k or 1.01k%), and Self-Propelled Rail Transport (£464k or 171%).

Latest Trends

Latest Data

In January 2025, Cyprus exported £12.4M to United Kingdom, marking a 52.6% decrease from January 2024, when trade amounted to £26.1M. Over the past 5 years, trade has decreased at an annualized rate of 8.18%.

This section presents data on subnational export and import activities between Cyprus and United Kingdom. You can interact with the data by selecting a specific date on the line chart, or by choosing a subnational region or product category to explore how trade patterns evolve over time.

*This section presents data reported by United Kingdom.

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Historical Data

Bilateral Trade by Products

The charts show the products exported between Cyprus and United Kingdom. You can review the growth and percentage growth of exports in different periods by changing the options selected in the selectors.

Market Competitiveness

The map shows whether countries import more from Cyprus or United Kingdom. Each country is colored based on the difference in imports they receive from both countries or the difference in imports growth.

In 2023, countries that imported more from Cyprus than United Kingdom were Libya ($775M), Bermuda ($403M), and Marshall Islands ($294M).

In the same year, countries that imported more from United Kingdom than Cyprus included Germany ($34.6B), China ($35.3B), and United States ($59.7B).

Comparative Advantage

This chart compares trade between Cyprus and United Kingdom, considering products traded by both at HS4 level.

During 2023, the top exports from Cyprus to United Kingdom were Cheese ($161M), Packaged Medicaments ($11.5M), and Potatoes ($9.65M).

On the other hand, the top exports from United Kingdom to Cyprus were Passenger and Cargo Ships ($1.02B), Cars ($149M), and Delivery Trucks ($27.6M).

Tariffs

Digital Trade

Digital Trade

Digital products are goods, services, or fees delivered or facilitated through digital means, and involving pure digital goods, automated and encoded services, and digital intermediation fees, but excluding the physical trade they enable. For example, downloading a video game, streaming a movie, or buying an ad in a social media platform are examples of digital trade when these involve a transaction across international borders. Here we use the methodology described in Estimating Digital Product Trade through Corporate Revenue Data to provide estimates for [FIRM]’s digital product exports using two assignments i) headquarters (all revenues are assigned to the parent company), and ii) subsidiaries (the revenues are distributed across subsidiaries based on their reports).

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2025-04-07T22:56:57.558Z
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