Cyprus / Luxembourg

Cyprus-Luxembourg Trade: In 2023, Cyprus exported $3.96M to Luxembourg. The main products that Cyprus exported to Luxembourg were Potatoes ($1.6M), Cheese ($1.1M), and Cars ($825k). Over the past 5 years the exports of Cyprus to Luxembourg have decreased at an annualized rate of 2.14%, from $4.42M in 2018 to $3.96M in 2023.

In 2020, Cyprus exported services to Luxembourg worth $17.1M, with Other business services ($11.4M), Royalties and license fees ($4.57M), and Transportation ($1.14M) being the largest in terms of value.

Luxembourg-Cyprus Trade: In 2023, Luxembourg exported $7.75M to Cyprus. The main products that Luxembourg exported to Cyprus were Precious Metal Watches ($885k), Iron Blocks ($851k), and Porcelain Tableware ($811k). Over the past 5 years the exports of Luxembourg to Cyprus have increased at an annualized rate of 0.13%,  from $7.66M in 2018 to $7.75M in 2023.

In 2020, Luxembourg exported services to Cyprus worth $61.7M, with Other business services ($46.8M) and Transportation ($14.8M) being the largest in terms of value.

Comparison In 2023,  Cyprus ranked 126 in total exports ($5.7B). That same year, Luxembourg ranked 82 in total exports ($18.9B). Both countries does not have data related to Economic Complexity Index.