Flag Cyprus / Greece Flag

2021
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Exports
: $744M, Rnk 1 / 198

2021
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Top Product
: $45.6M, Packaged Medicaments

2021
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Exports
: $4.47B, Rnk 3 / 212

2021
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Top Product
: $1.27B, Refined Petroleum

2021
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Economic Complexity (ECI)
: ECI 0.32, Rnk 50 / 131

2021
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GDP
: $27.7B, CURRENT US$
Rnk 99 / 182

2011-2021
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GDP GROWTH
: 0.56%, CURRENT US$
Rnk 146 / 182

2021
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 GDP
: $216B, CURRENT US$
Rnk 49 / 182

2011-2021
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GDP GROWTH
: -23.6%, CURRENT US$
Rnk 174 / 182

2021
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GDP PC 
: $30,798, CURRENT US$
Rnk 31 / 182

2011-2021
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GDP PC GROWTH
: -4.93%, CURRENT US$
Rnk 140 / 182

2021
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GDP PC
: $20,277, CURRENT US$
Rnk 44 / 182

2011-2021
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GDP PC GROWTH
: -20.4%, CURRENT US$
Rnk 163 / 182

Cyprus-Greece In 2021, Cyprus exported $744M to Greece. The main products that Cyprus exported to Greece are Packaged Medicaments ($45.6M), Electrical Resistors ($36.9M), and Scrap Iron ($35.4M). During the last 26 years the exports of Cyprus to Greece have increased at an annualized rate of 8.04%, from $99.7M in 1995 to $744M in 2021.

In 2020, Cyprus exported services to Greece worth $521M, with Travel ($216M), Transportation ($185M), and Financial services ($41.1M) being the largest in terms of value.

Greece-Cyprus In 2021, Greece exported $4.47B to Cyprus. The main products that Greece exported to Cyprus were Refined Petroleum ($1.27B), Packaged Medicaments ($175M), and Broadcasting Equipment ($162M). During the last 26 years the exports of Greece to Cyprus have increased at an annualized rate of 10.8%, from $310M in 1995 to $4.47B in 2021.

In 2020, Greece exported services to Cyprus worth $634M, with Travel ($194M), Other business services ($127M), and Transportation ($111M) being the largest in terms of value.

Comparison In 2021,  Cyprus ranked 118 in total exports ($5.16B), and does not have data regarding Economic Complexity Index. That same year, Greece ranked 50 in the Economic Complexity Index (ECI 0.32), and 44 in total exports ($82B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2021, Cyprus exported $744M to Greece. The main products exported from Cyprus to Greece were Packaged Medicaments ($45.6M), Electrical Resistors ($36.9M), and Scrap Iron ($35.4M). During the last 26 years the exports of Cyprus to Greece have increased at an annualized rate of 8.04%, from $99.7M in 1995 to $744M in 2021.

In 2021, Greece exported $4.47B to Cyprus. The main products exported from Greece to Cyprus were Refined Petroleum ($1.27B), Packaged Medicaments ($175M), and Broadcasting Equipment ($162M). During the last 26 years the exports of Greece to Cyprus have increased at an annualized rate of 10.8%, from $310M in 1995 to $4.47B in 2021.

Cyprus Exports

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Greece Exports

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Market Competitiveness

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Color

Cyprus
Top Destination
: Greece, $744M

Greece
Top Destination
: Italy, $6.8B

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

In 2021, countries that imported more from Cyprus than Greece were British Virgin Islands ($238M), Kenya ($67.9M), and Bermuda ($38.4M).

In 2021, countries that imported more from Greece than Cyprus were Italy ($6.8B), Germany ($6.09B), and Turkey ($4.44B).

Comparative Advantage Cyprus - Greece

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Flow
Scale

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

During 2021, Cyprus had a large net trade with Greece in the exports of Machines ($205M), Chemical Products ($174M), and Animal Products ($73.7M).

During 2021, Greece had a large net trade with Cyprus in the exports of Mineral Products ($1.38B), Machines ($728M), and Chemical Products ($550M).

Bilateral Service Trade

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In 2020, Cyprus exported services to Greece worth $521M, with Travel ($216M), Transportation ($185M), and Financial services ($41.1M) being the largest in terms of value.

In 2020, Greece exported services to Cyprus worth $634M, with Travel ($194M), Other business services ($127M), and Transportation ($111M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Cyprus has comparative advantage over Greece. Similarly, the more yellow a dot/product is, the more Greece has comparative advantage over Cyprus.