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2023
Flag → Flag
Exports $38.4MRnk 27 / 196
2023
Flag → Flag
Top Product $11.4MScrap Iron
2023
Flag → Flag
Exports $126MRnk 135 / 220
2023
Flag → Flag
Top Product $20.6MNitrogen Heterocyclic Compounds
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag  
GDP$33.9BCURRENT US$
Rnk 106 / 195
2013-2023
Flag
GDP GROWTH41.4%CURRENT US$
Rnk 91 / 195
2023
Flag
 GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
GDP PC $36,551CURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP PC GROWTH31.5%CURRENT US$
Rnk 76 / 195
2023
Flag
GDP PC$2,481CURRENT US$
Rnk 148 / 196
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195

About

Cyprus-India Trade: In 2023, Cyprus exported $38.4M to India. The main products that Cyprus exported to India were Scrap Iron ($11.4M), Scrap Aluminium ($7.7M), and Recovered Paper ($6M). Over the past 5 years the exports of Cyprus to India have increased at an annualized rate of 4.93%, from $30.2M in 2018 to $38.4M in 2023.

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 Trade: In 2023, India exported $126M to Cyprus. The main products that India exported to Cyprus were Nitrogen Heterocyclic Compounds ($20.6M), Antiknock ($8.81M), and Nucleic Acids ($7.74M). Over the past 5 years the exports of India to Cyprus have increased at an annualized rate of 8.1%,  from $85.4M in 2018 to $126M in 2023.

In 2023, India 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, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cyprus exported $38.4M to India. The main products exported from Cyprus to India were Scrap Iron ($11.4M), Scrap Aluminium ($7.7M), and Recovered Paper ($6M). During the last 5 years the exports of Cyprus to India have increased at an annualized rate of 4.93%, from $30.2M in 2018 to $38.4M in 2023.

In 2018, India exported $126M to Cyprus. The main products exported from India to Cyprus were Nitrogen Heterocyclic Compounds ($20.6M), Antiknock ($8.81M), and Nucleic Acids ($7.74M). During the last 5 years the exports of India to Cyprus have increased at an annualized rate of 8.1%, from $85.4M in 2023 to $126M in 2018.

Exports from Cyprus (Flag) to India (Flag) (2023)

Exports from India (Flag) to Cyprus (Flag) (2023)

Latest Data

Trade between Cyprus (Flag) and India (Flag)

Cyprus Exports

India Exports

Market Competitiveness

Color
Cyprus
Top DestinationLibya$775M
India
Top DestinationUnited States$85.5B

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 2023, countries that imported more from Cyprus than India included Bermuda ($403M), Marshall Islands ($294M), and Libya ($775M).

In 2023, countries that imported more from India than Cyprus included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

Difference in imports from India (Flag) and Cyprus (Flag) (2023)

Comparative Advantage Cyprus - India

Flow
Scale

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

During 2023, Cyprus had a large net trade with India in the exports of Metals ($24.5M), Paper Goods ($6M), and Transportation ($2.45M).

During 2018, India had a large net trade with Cyprus in the exports of Chemical Products ($65.2M), Machines ($9.78M), and Metals ($8.08M).

Economic Complexity

Competitive Landscape

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

Product Space of Cyprus (Flag) and India (Flag) (2023)

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