2022
Flag  
GDP
$28.4BCURRENT US$
Rnk 105 / 186
2012-2022
Flag
GDP GROWTH
13.5%CURRENT US$
Rnk 138 / 186
2022
Flag
 GDP
$522BCURRENT US$
Rnk 27 / 186
2012-2022
Flag
GDP GROWTH
99%CURRENT US$
Rnk 14 / 186
2022
Flag
GDP PC 
$31,284CURRENT US$
Rnk 36 / 186
2012-2022
Flag
GDP PC GROWTH
7.9%CURRENT US$
Rnk 123 / 186
2022
Flag
GDP PC
$54,660CURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP PC GROWTH
64.9%CURRENT US$
Rnk 21 / 186

About

Cyprus-Israel Trade: In 2022, Cyprus exported $254M to Israel. The main products that Cyprus exported to Israel were Other Vegetable Residues ($46.3M), Cement ($39.8M), and Non-fillet Fresh Fish ($30.2M). Over the past 5 years the exports of Cyprus to Israel have decreased at an annualized rate of 2.9%, from $294M in 2017 to $254M in 2022.

In 2009, Cyprus exported services to Israel worth $145M, with Transportation ($86M), Travel ($32.1M), and Other business services ($13.2M) being the largest in terms of value.

Israel-Cyprus Trade: In 2022, Israel exported $827M to Cyprus. The main products that Israel exported to Cyprus were Refined Petroleum ($723M), Passenger and Cargo Ships ($34M), and Telephones ($3.8M). Over the past 5 years the exports of Israel to Cyprus have increased at an annualized rate of 8.21%,  from $347M in 2017 to $827M in 2022.

In 2012, Israel exported services to Cyprus worth $646M, with Computer and information services ($646M) being the largest in terms of value.

Comparison In 2022,  Cyprus ranked 125 in total exports ($4.91B), and does not have data regarding Economic Complexity Index. That same year, Israel ranked 20 in the Economic Complexity Index (ECI 1.23), and 49 in total exports ($76.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Cyprus exported $254M to Israel. The main products exported from Cyprus to Israel were Other Vegetable Residues ($46.3M), Cement ($39.8M), and Non-fillet Fresh Fish ($30.2M). During the last 5 years the exports of Cyprus to Israel have decreased at an annualized rate of 2.9%, from $294M in 2017 to $254M in 2022.

In 2017, Israel exported $827M to Cyprus. The main products exported from Israel to Cyprus were Refined Petroleum ($723M), Passenger and Cargo Ships ($34M), and Telephones ($3.8M). During the last 5 years the exports of Israel to Cyprus have increased at an annualized rate of 8.21%, from $347M in 2022 to $827M in 2017.

Exports from Cyprus (Flag) to Israel (Flag) (2022)

Exports from Israel (Flag) to Cyprus (Flag) (2022)

Latest Data

Trade between Cyprus (Flag) and Israel (Flag)

Cyprus Exports

Israel Exports

Market Competitiveness

Color
Cyprus
Top Destination
Hong Kong$482M
Israel
Top Destination
United States$20.3B

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

In 2022, countries that imported more from Cyprus than Israel included Lebanon ($329M), Liberia ($255M), and Marshall Islands ($173M).

In 2022, countries that imported more from Israel than Cyprus included United States ($20.3B), China ($5.53B), and Palestine ($4.6B).

Difference in imports from Israel (Flag) and Cyprus (Flag) (2022)

Comparative Advantage Cyprus - Israel

Flow
Scale

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

During 2022, Cyprus had a large net trade with Israel in the exports of Foodstuffs ($62.9M), Mineral Products ($59.9M), and Animal Products ($35.4M).

During 2017, Israel had a large net trade with Cyprus in the exports of Mineral Products ($723M), Transportation ($41.7M), and Machines ($16.8M).

Economic Complexity

Competitive Landscape

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

Product Space of Cyprus (Flag) and Israel (Flag) (2022)

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