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$33.9BCURRENT US$
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41.4%CURRENT US$
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31.5%CURRENT US$
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$33,767CURRENT US$
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About

Cyprus-Japan Trade: In 2023, Cyprus exported $2.03M to Japan. The main products that Cyprus exported to Japan were Other Plastic Products ($418k), Fruit Juice ($381k), and Flavored Water ($189k). Over the past 5 years the exports of Cyprus to Japan have increased at an annualized rate of 14.6%, from $1.02M in 2018 to $2.03M in 2023.

In 2020, Cyprus exported services to Japan worth $46.8M, with Transportation ($46.8M) being the largest in terms of value.

Japan-Cyprus Trade: In 2023, Japan exported $327M to Cyprus. The main products that Japan exported to Cyprus were Cars ($245M), Passenger and Cargo Ships ($59.5M), and Motor vehicles; parts and accessories (8701 to 8705) ($2.67M). Over the past 5 years the exports of Japan to Cyprus have increased at an annualized rate of 16.5%,  from $152M in 2018 to $327M in 2023.

In 2023, Japan 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, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cyprus exported $2.03M to Japan. The main products exported from Cyprus to Japan were Other Plastic Products ($418k), Fruit Juice ($381k), and Flavored Water ($189k). During the last 5 years the exports of Cyprus to Japan have increased at an annualized rate of 14.6%, from $1.02M in 2018 to $2.03M in 2023.

In 2018, Japan exported $327M to Cyprus. The main products exported from Japan to Cyprus were Cars ($245M), Passenger and Cargo Ships ($59.5M), and Motor vehicles; parts and accessories (8701 to 8705) ($2.67M). During the last 5 years the exports of Japan to Cyprus have increased at an annualized rate of 16.5%, from $152M in 2023 to $327M in 2018.

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

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

Latest Data

Trade between Cyprus (Flag) and Japan (Flag)

Cyprus Exports

Japan Exports

Market Competitiveness

Color
Cyprus
Top Destination
Libya$775M
Japan
Top Destination
United States$143B

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

In 2023, countries that imported more from Cyprus than Japan included Libya ($775M), Bermuda ($403M), and Greece ($626M).

In 2023, countries that imported more from Japan than Cyprus included United States ($143B), China ($138B), and Chinese Taipei ($43B).

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

Comparative Advantage Cyprus - Japan

Flow
Scale

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

During 2023, Cyprus had a large net trade with Japan in the exports of Foodstuffs ($740k), Plastics and Rubbers ($436k), and Chemical Products ($192k).

During 2018, Japan had a large net trade with Cyprus in the exports of Transportation ($311M), Machines ($5.47M), and Plastics and Rubbers ($3.73M).

Economic Complexity

Competitive Landscape

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

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

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