Cyprus (CYP) and India (IND) Trade | The Observatory of Economic Complexity

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Cyprus-India In 2022, Cyprus exported $71.6M to India. The main products that Cyprus exported to India are Passenger and Cargo Ships ($29M), Scrap Aluminium ($7.95M), and Calcium Phosphates ($5.71M). During the last 27 years the exports of Cyprus to India have increased at an annualized rate of 13.5%, from $2.36M in 1995 to $71.6M in 2022.

In 2020, Cyprus exported services to India worth $14.8M, with Financial services ($12.6M) and Travel ($2.28M) being the largest in terms of value.

India-Cyprus In 2022, India exported $118M to Cyprus. The main products that India exported to Cyprus were Refined Petroleum ($18.5M), Nitrogen Heterocyclic Compounds ($13.2M), and Nucleic Acids ($7.26M). During the last 27 years the exports of India to Cyprus have increased at an annualized rate of 4.58%, from $35.2M in 1995 to $118M in 2022.

In 2022, India did not export any services to Cyprus.

Comparison In 2022, Cyprus ranked 125 in total exports ($4.91B), and does not have data regarding Economic Complexity Index. That same year, India ranked 42 in the Economic Complexity Index (ECI 0.57), and 15 in total exports ($468B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Cyprus exported $71.6M to India. The main products exported from Cyprus to India were Passenger and Cargo Ships ($29M), Scrap Aluminium ($7.95M), and Calcium Phosphates ($5.71M). During the last 27 years the exports of Cyprus to India have increased at an annualized rate of 13.5%, from $2.36M in 1995 to $71.6M in 2022.

In 2022, India exported $118M to Cyprus. The main products exported from India to Cyprus were Refined Petroleum ($18.5M), Nitrogen Heterocyclic Compounds ($13.2M), and Nucleic Acids ($7.26M). During the last 27 years the exports of India to Cyprus have increased at an annualized rate of 4.58%, from $35.2M in 1995 to $118M in 2022.

Exports from Cyprus () to India () (2022)

Exports from India () to Cyprus () (2022)

Latest Data

Trade between Cyprus () and India ()

Cyprus Exports

Date

India Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Cyprus
Top DestinationHong Kong$482M

India
Top DestinationUnited States$82.9B

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

In 2021, countries that imported more from Cyprus than India were Marshall Islands ($173M), Liberia ($255M), and Antigua and Barbuda ($12.2M).

In 2021, countries that imported more from India than Cyprus were United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

Difference in imports from India () and Cyprus () (2022)

Comparative Advantage Cyprus - India

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Cyprus had a large net trade with India in the exports of Transportation ($33.5M), Metals ($19.1M), and Mineral Products ($5.79M).

During 2022, India had a large net trade with Cyprus in the exports of Chemical Products ($49M), Mineral Products ($18.5M), and Machines ($7.97M).

Service Trade

Bilateral Service Trade

Cyp Year

In 2020, Cyprus exported services to India worth $14.8M, with Financial services ($12.6M) and Travel ($2.28M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Economic Complexity

Competitive Landscape

Year

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 India. Similarly, the more yellow a dot/product is, the more India has comparative advantage over Cyprus.

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Historical Data

Bilateral Trade by Products

Exports from Cyprus () to India () (2022)

Exports from India () to Cyprus () (2022)

Latest Data

Trade between Cyprus () and India ()

Cyprus Exports

India Exports

Market Competitiveness

Difference in imports from India () and Cyprus () (2022)

Comparative Advantage Cyprus - India

Service Trade

Bilateral Service Trade

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

Economic Complexity

Competitive Landscape

Product Space of Cyprus () and India () (2022)

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