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2022
Flag → Flag
Exports $276MRnk 4 / 194
2022
Flag → Flag
Top Product $156MCheese
2022
Flag → Flag
Exports $397MRnk 71 / 224
2022
Flag → Flag
Top Product $94MCars
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$28.4BCURRENT US$
Rnk 105 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 138 / 186
2022
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 GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
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GDP PC $31,284CURRENT US$
Rnk 36 / 186
2012-2022
Flag
GDP PC GROWTH7.9%CURRENT US$
Rnk 123 / 186
2022
Flag
GDP PC$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Cyprus-United Kingdom Trade: In 2022, Cyprus exported $276M to United Kingdom. The main products that Cyprus exported to United Kingdom were Cheese ($156M), Precious Metal Scraps ($22.7M), and Gold ($14.8M). Over the past 5 years the exports of Cyprus to United Kingdom have increased at an annualized rate of 2.8%, from $241M in 2017 to $276M in 2022.

In 2020, Cyprus exported services to United Kingdom worth $797M, with Transportation ($217M), Financial services ($196M), and Travel ($143M) being the largest in terms of value.

United Kingdom-Cyprus Trade: In 2022, United Kingdom exported $397M to Cyprus. The main products that United Kingdom exported to Cyprus were Cars ($94M), Hard Liquor ($23.6M), and Delivery Trucks ($16.6M). Over the past 5 years the exports of United Kingdom to Cyprus have decreased at an annualized rate of 1.02%,  from $518M in 2017 to $397M in 2022.

In 2019, United Kingdom exported services to Cyprus worth $1.36B, with Transportation ($343M), Personal, cultural, and recreational services ($321M), and Travel ($267M) being the largest in terms of value.

Comparison In 2022,  Cyprus ranked 125 in total exports ($4.91B), and does not have data regarding Economic Complexity Index. That same year, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Cyprus exported $276M to United Kingdom. The main products exported from Cyprus to United Kingdom were Cheese ($156M), Precious Metal Scraps ($22.7M), and Gold ($14.8M). During the last 5 years the exports of Cyprus to United Kingdom have increased at an annualized rate of 2.8%, from $241M in 2017 to $276M in 2022.

In 2017, United Kingdom exported $397M to Cyprus. The main products exported from United Kingdom to Cyprus were Cars ($94M), Hard Liquor ($23.6M), and Delivery Trucks ($16.6M). During the last 5 years the exports of United Kingdom to Cyprus have decreased at an annualized rate of 1.02%, from $518M in 2022 to $397M in 2017.

Exports from Cyprus (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Cyprus (Flag) (2022)

Latest Data

Trade between Cyprus (Flag) and United Kingdom (Flag)

Cyprus Exports

United Kingdom Exports

Market Competitiveness

Color
Cyprus
Top DestinationHong Kong$482M
United Kingdom
Top DestinationUnited States$61.8B

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

In 2022, countries that imported more from Cyprus than United Kingdom included Liberia ($255M), Marshall Islands ($173M), and Seychelles ($70.8M).

In 2022, countries that imported more from United Kingdom than Cyprus included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

Difference in imports from United Kingdom (Flag) and Cyprus (Flag) (2022)

Comparative Advantage Cyprus - United Kingdom

Flow
Scale

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

During 2022, Cyprus had a large net trade with United Kingdom in the exports of Animal Products ($158M), Precious Metals ($37.8M), and Chemical Products ($17.5M).

During 2017, United Kingdom had a large net trade with Cyprus in the exports of Transportation ($148M), Machines ($74M), and Foodstuffs ($63.4M).

Bilateral Service Trade

In 2020, Cyprus exported services to United Kingdom worth $797M, with Transportation ($217M), Financial services ($196M), and Travel ($143M) being the largest in terms of value.

In 2019, United Kingdom exported services to Cyprus worth $1.36B, with Transportation ($343M), Personal, cultural, and recreational services ($321M), and Travel ($267M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Cyprus (Flag) to United Kingdom (Flag) (2020)

Services Exports from United Kingdom (Flag) to Cyprus (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Cyprus (Flag) and United Kingdom (Flag) (2022)

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