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2023
Flag → Flag
Exports $775MRnk 1 / 196
2023
Flag → Flag
Top Product $646MRefined Petroleum
2023
Flag → Flag
Exports $12.8MRnk 32 / 89
2023
Flag → Flag
Top Product $12.8MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI -0.84Rnk 102 / 132
2023
Flag  
GDP$33.9BCURRENT US$
Rnk 106 / 195
2013-2023
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GDP GROWTH41.4%CURRENT US$
Rnk 91 / 195
2023
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 GDP$45.1BCURRENT US$
Rnk 97 / 195
2013-2023
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GDP GROWTH-40.2%CURRENT US$
Rnk 194 / 195
2023
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GDP PC $36,551CURRENT US$
Rnk 35 / 195
2013-2023
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GDP PC GROWTH31.5%CURRENT US$
Rnk 76 / 195
2023
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GDP PC$6,173CURRENT US$
Rnk 112 / 196
2013-2023
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GDP PC GROWTH-48.4%CURRENT US$
Rnk 193 / 195

About

Cyprus-Libya Trade: In 2023, Cyprus exported $775M to Libya. The main products that Cyprus exported to Libya were Refined Petroleum ($646M), Scented Mixtures ($123M), and Fruit Juice ($1.19M). Over the past 5 years the exports of Cyprus to Libya have increased at an annualized rate of 12.6%, from $427M in 2018 to $775M in 2023.

In 2023, Cyprus did not export any services to Libya.

Libya-Cyprus Trade: In 2023, Libya exported $12.8M to Cyprus. The main products that Libya exported to Cyprus were Refined Petroleum ($12.8M), Non-Knit Men's Suits ($153), and Other Knit Garments ($11). Over the past 5 years the exports of Libya to Cyprus have decreased at an annualized rate of 8.4%,  from $19.9M in 2018 to $12.8M in 2023.

In 2023, Libya 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, Libya ranked 102 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($35.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cyprus exported $775M to Libya. The main products exported from Cyprus to Libya were Refined Petroleum ($646M), Scented Mixtures ($123M), and Fruit Juice ($1.19M). During the last 5 years the exports of Cyprus to Libya have increased at an annualized rate of 12.6%, from $427M in 2018 to $775M in 2023.

In 2018, Libya exported $12.8M to Cyprus. The main products exported from Libya to Cyprus were Refined Petroleum ($12.8M), Non-Knit Men's Suits ($153), and Other Knit Garments ($11). During the last 5 years the exports of Libya to Cyprus have decreased at an annualized rate of 8.4%, from $19.9M in 2023 to $12.8M in 2018.

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

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

Latest Data

Trade between Cyprus (Flag) and Libya (Flag)

Cyprus Exports

Market Competitiveness

Color
Cyprus
Top DestinationLibya$775M
Libya
Top DestinationItaly$7.96B

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

In 2023, countries that imported more from Cyprus than Libya included Bermuda ($403M), Lebanon ($438M), and Marshall Islands ($294M).

In 2023, countries that imported more from Libya than Cyprus included Italy ($7.96B), Germany ($5.16B), and Spain ($3.08B).

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

Comparative Advantage Cyprus - Libya

Flow
Scale

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

During 2023, Cyprus had a large net trade with Libya in the exports of Mineral Products ($646M), Chemical Products ($124M), and Foodstuffs ($2.27M).

During 2018, Libya had a large net trade with Cyprus in the exports of Mineral Products ($12.8M), Textiles ($164), and Paper Goods ($6).

Economic Complexity

Competitive Landscape

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

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

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