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2023
Flag → Flag
Exports $294MRnk 5 / 196
2023
Flag → Flag
Top Product $287MPassenger and Cargo Ships
2023
Flag → Flag
Exports $79.5MRnk 5 / 76
2023
Flag → Flag
Top Product $75.8MPassenger and Cargo Ships
2023
Flag  
GDP$33.9BCURRENT US$
Rnk 106 / 195
2013-2023
Flag
GDP GROWTH41.4%CURRENT US$
Rnk 91 / 195
2023
Flag
 GDP$259MCURRENT US$
Rnk 193 / 195
2013-2023
Flag
GDP GROWTH39.1%CURRENT US$
Rnk 94 / 195
2023
Flag
GDP PC $36,551CURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP PC GROWTH31.5%CURRENT US$
Rnk 76 / 195
2023
Flag
GDP PC$6,678CURRENT US$
Rnk 107 / 196
2013-2023
Flag
GDP PC GROWTH81.6%CURRENT US$
Rnk 14 / 195

About

Cyprus-Marshall Islands Trade: In 2023, Cyprus exported $294M to Marshall Islands. The main products that Cyprus exported to Marshall Islands were Passenger and Cargo Ships ($287M), Other Sea Vessels ($4.6M), and Special Purpose Ships ($1.8M). Over the past 5 years the exports of Cyprus to Marshall Islands have increased at an annualized rate of 12.9%, from $160M in 2018 to $294M in 2023.

In 2023, Cyprus did not export any services to Marshall Islands.

Marshall Islands-Cyprus Trade: In 2023, Marshall Islands exported $79.5M to Cyprus. The main products that Marshall Islands exported to Cyprus were Passenger and Cargo Ships ($75.8M), Tug Boats ($1.84M), and Special Purpose Ships ($1.81M). Over the past 5 years the exports of Marshall Islands to Cyprus have decreased at an annualized rate of 11.3%,  from $145M in 2018 to $79.5M in 2023.

In 2023, Marshall Islands did not export any services to Cyprus.

Comparison In 2023,  Cyprus ranked 126 in total exports ($5.7B). That same year, Marshall Islands ranked 164 in total exports ($917M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cyprus exported $294M to Marshall Islands. The main products exported from Cyprus to Marshall Islands were Passenger and Cargo Ships ($287M), Other Sea Vessels ($4.6M), and Special Purpose Ships ($1.8M). During the last 5 years the exports of Cyprus to Marshall Islands have increased at an annualized rate of 12.9%, from $160M in 2018 to $294M in 2023.

In 2018, Marshall Islands exported $79.5M to Cyprus. The main products exported from Marshall Islands to Cyprus were Passenger and Cargo Ships ($75.8M), Tug Boats ($1.84M), and Special Purpose Ships ($1.81M). During the last 5 years the exports of Marshall Islands to Cyprus have decreased at an annualized rate of 11.3%, from $145M in 2023 to $79.5M in 2018.

Exports from Cyprus (Flag) to Marshall Islands (Flag) (2023)

Exports from Marshall Islands (Flag) to Cyprus (Flag) (2023)

Latest Data

Trade between Cyprus (Flag) and Marshall Islands (Flag)

Cyprus Exports

Market Competitiveness

Color
Cyprus
Top DestinationLibya$775M
Marshall Islands
Top DestinationUnited Kingdom$150M

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

In 2023, countries that imported more from Cyprus than Marshall Islands included Libya ($775M), Greece ($626M), and Lebanon ($438M).

In 2023, countries that imported more from Marshall Islands than Cyprus included Ghana ($80.2M), Tanzania ($68.2M), and Indonesia ($70.7M).

Difference in imports from Marshall Islands (Flag) and Cyprus (Flag) (2023)

Comparative Advantage Cyprus - Marshall Islands

Flow
Scale

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

During 2023, Cyprus had a large net trade with Marshall Islands in the exports of Transportation ($294M).

During 2018, Marshall Islands had a large net trade with Cyprus in the exports of Transportation ($79.5M).

Economic Complexity

Competitive Landscape

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

Product Space of Cyprus (Flag) and Marshall Islands (Flag) (2023)

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