Cyprus (CYP) and Ireland (IRL) Trade | The Observatory of Economic Complexity

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Cyprus-Ireland Trade: In 2023, Cyprus exported $9.98M to Ireland. The main products that Cyprus exported to Ireland were Cheese ($3.12M), Packaged Medicaments ($1.26M), and Plastic Pipes ($759k). Over the past 5 years the exports of Cyprus to Ireland have decreased at an annualized rate of 40.8%, from $137M in 2018 to $9.98M in 2023.

In 2020, Cyprus exported services to Ireland worth $187M, with Computer and information services ($160M), Financial services ($22.8M), and Transportation ($3.43M) being the largest in terms of value.

Ireland-Cyprus Trade: In 2023, Ireland exported $92.1M to Cyprus. The main products that Ireland exported to Cyprus were Scented Mixtures ($44.4M), Packaged Medicaments ($6.39M), and Cars ($4.43M). Over the past 5 years the exports of Ireland to Cyprus have increased at an annualized rate of 27.2%, from $27.6M in 2018 to $92.1M in 2023.

In 2020, Ireland exported services to Cyprus worth $40M, with Insurance services ($19.4M), Transportation ($10.3M), and Financial services ($6.85M) being the largest in terms of value.

Comparison In 2023, Cyprus ranked 126 in total exports ($5.7B), and does not have data regarding Economic Complexity Index. That same year, Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Cyprus exported $9.98M to Ireland. The main products exported from Cyprus to Ireland were Cheese ($3.12M), Packaged Medicaments ($1.26M), and Plastic Pipes ($759k). During the last 5 years the exports of Cyprus to Ireland have decreased at an annualized rate of 40.8%, from $137M in 2018 to $9.98M in 2023.

In 2018, Ireland exported $92.1M to Cyprus. The main products exported from Ireland to Cyprus were Scented Mixtures ($44.4M), Packaged Medicaments ($6.39M), and Cars ($4.43M). During the last 5 years the exports of Ireland to Cyprus have increased at an annualized rate of 27.2%, from $27.6M in 2023 to $92.1M in 2018.

Exports from Cyprus () to Ireland () (2023)

Exports from Ireland () to Cyprus () (2023)

Latest Data

Trade between Cyprus () and Ireland ()

Cyprus Exports

Date

Ireland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Cyprus
Top DestinationLibya$775M

Ireland
Top DestinationUnited States$67.4B

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

In 2023, countries that imported more from Cyprus than Ireland included Libya ($775M), Bermuda ($403M), and Lebanon ($438M).

In 2023, countries that imported more from Ireland than Cyprus included United States ($67.4B), Germany ($26.7B), and United Kingdom ($20.5B).

Difference in imports from Ireland () and Cyprus () (2023)

Comparative Advantage Cyprus - Ireland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Cyprus had a large net trade with Ireland in the exports of Animal Products ($3.15M), Chemical Products ($1.4M), and Plastics and Rubbers ($885k).

During 2018, Ireland had a large net trade with Cyprus in the exports of Chemical Products ($56.9M), Foodstuffs ($10.6M), and Animal Products ($8.44M).

Bilateral Service Trade

Irl Year

Cyp Year

In 2020, Cyprus exported services to Ireland worth $187M, with Computer and information services ($160M), Financial services ($22.8M), and Transportation ($3.43M) being the largest in terms of value.

In 2020, Ireland exported services to Cyprus worth $40M, with Insurance services ($19.4M), Transportation ($10.3M), and Financial services ($6.85M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Cyprus () to Ireland () (2023)

Exports from Ireland () to Cyprus () (2023)

Latest Data

Trade between Cyprus () and Ireland ()

Cyprus Exports

Ireland Exports

Market Competitiveness

Difference in imports from Ireland () and Cyprus () (2023)

Comparative Advantage Cyprus - Ireland

Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Cyprus () and Ireland () (2023)

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