2023
Flag  
GDP
$33.9BCURRENT US$
Rnk 106 / 195
2013-2023
Flag
GDP GROWTH
41.4%CURRENT US$
Rnk 91 / 195
2023
Flag
 GDP
$381BCURRENT US$
Rnk 39 / 195
2013-2023
Flag
GDP GROWTH
38.1%CURRENT US$
Rnk 97 / 195
2023
Flag
GDP PC 
$36,551CURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP PC GROWTH
31.5%CURRENT US$
Rnk 76 / 195
2023
Flag
GDP PC
$50,532CURRENT US$
Rnk 25 / 196
2013-2023
Flag
GDP PC GROWTH
31.6%CURRENT US$
Rnk 75 / 195

About

Cyprus-Hong Kong Trade: In 2023, Cyprus exported $179M to Hong Kong. The main products that Cyprus exported to Hong Kong were Passenger and Cargo Ships ($143M), Other Sea Vessels ($16.3M), and Packaged Medicaments ($5.3M). Over the past 5 years the exports of Cyprus to Hong Kong have increased at an annualized rate of 1.17%, from $169M in 2018 to $179M in 2023.

In 2020, Cyprus exported services to Hong Kong worth $33.1M, with Financial services ($25.1M), Travel ($6.85M), and Transportation ($1.14M) being the largest in terms of value.

Hong Kong-Cyprus Trade: In 2023, Hong Kong exported $31.4M to Cyprus. The main products that Hong Kong exported to Cyprus were Broadcasting Equipment ($13.2M), Computers ($1.11M), and Air Conditioners ($1.08M). Over the past 5 years the exports of Hong Kong to Cyprus have decreased at an annualized rate of 31.7%,  from $212M in 2018 to $31.4M in 2023.

In 2023, Hong Kong did not export any services to Cyprus.

Comparison In 2023,  Cyprus ranked 126 in total exports ($5.7B), and does not have data regarding Economic Complexity Index. That same year, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cyprus exported $179M to Hong Kong. The main products exported from Cyprus to Hong Kong were Passenger and Cargo Ships ($143M), Other Sea Vessels ($16.3M), and Packaged Medicaments ($5.3M). During the last 5 years the exports of Cyprus to Hong Kong have increased at an annualized rate of 1.17%, from $169M in 2018 to $179M in 2023.

In 2018, Hong Kong exported $31.4M to Cyprus. The main products exported from Hong Kong to Cyprus were Broadcasting Equipment ($13.2M), Computers ($1.11M), and Air Conditioners ($1.08M). During the last 5 years the exports of Hong Kong to Cyprus have decreased at an annualized rate of 31.7%, from $212M in 2023 to $31.4M in 2018.

Exports from Cyprus (Flag) to Hong Kong (Flag) (2023)

Exports from Hong Kong (Flag) to Cyprus (Flag) (2023)

Latest Data

Trade between Cyprus (Flag) and Hong Kong (Flag)

Cyprus Exports

Hong Kong Exports

Market Competitiveness

Color
Cyprus
Top Destination
Libya$775M
Hong Kong
Top Destination
China$25.3B

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

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

In 2023, countries that imported more from Hong Kong than Cyprus included China ($25.3B), Vietnam ($14.4B), and South Korea ($9.5B).

Difference in imports from Hong Kong (Flag) and Cyprus (Flag) (2023)

Comparative Advantage Cyprus - Hong Kong

Flow
Scale

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

During 2023, Cyprus had a large net trade with Hong Kong in the exports of Transportation ($160M), Chemical Products ($6.61M), and Foodstuffs ($4.43M).

During 2018, Hong Kong had a large net trade with Cyprus in the exports of Machines ($21.3M), Miscellaneous ($2.15M), and Precious Metals ($1.48M).

Economic Complexity

Competitive Landscape

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

Product Space of Cyprus (Flag) and Hong Kong (Flag) (2023)

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