2022
Flag  
GDP
$28.4BCURRENT US$
Rnk 105 / 186
2012-2022
Flag
GDP GROWTH
13.5%CURRENT US$
Rnk 138 / 186
2022
Flag
 GDP
$13.6BCURRENT US$
Rnk 135 / 186
2012-2022
Flag
GDP GROWTH
39.2%CURRENT US$
Rnk 84 / 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
$6,591CURRENT US$
Rnk 100 / 186
2012-2022
Flag
GDP PC GROWTH
39.4%CURRENT US$
Rnk 50 / 186

About

Cyprus-North Macedonia Trade: In 2022, Cyprus exported $1.91M to North Macedonia. The main products that Cyprus exported to North Macedonia were Packaged Medicaments ($1.21M), Light Fixtures ($220k), and Semiconductor Devices ($140k). Over the past 5 years the exports of Cyprus to North Macedonia have decreased at an annualized rate of 6.63%, from $2.69M in 2017 to $1.91M in 2022.

In 2022, Cyprus did not export any services to North Macedonia.

North Macedonia-Cyprus Trade: In 2022, North Macedonia exported $1.38M to Cyprus. The main products that North Macedonia exported to Cyprus were Other Small Iron Pipes ($227k), Other Inorganic Acids ($185k), and Other Plastic Sheetings ($168k). Over the past 5 years the exports of North Macedonia to Cyprus have increased at an annualized rate of 1.61%,  from $1.28M in 2017 to $1.38M in 2022.

In 2022, North Macedonia did not export any services to Cyprus.

Comparison In 2022,  Cyprus ranked 125 in total exports ($4.91B), and does not have data regarding Economic Complexity Index. That same year, North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25), and 105 in total exports ($9.52B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Cyprus exported $1.91M to North Macedonia. The main products exported from Cyprus to North Macedonia were Packaged Medicaments ($1.21M), Light Fixtures ($220k), and Semiconductor Devices ($140k). During the last 5 years the exports of Cyprus to North Macedonia have decreased at an annualized rate of 6.63%, from $2.69M in 2017 to $1.91M in 2022.

In 2017, North Macedonia exported $1.38M to Cyprus. The main products exported from North Macedonia to Cyprus were Other Small Iron Pipes ($227k), Other Inorganic Acids ($185k), and Other Plastic Sheetings ($168k). During the last 5 years the exports of North Macedonia to Cyprus have increased at an annualized rate of 1.61%, from $1.28M in 2022 to $1.38M in 2017.

Exports from Cyprus (Flag) to North Macedonia (Flag) (2022)

Exports from North Macedonia (Flag) to Cyprus (Flag) (2022)

Latest Data

Trade between Cyprus (Flag) and North Macedonia (Flag)

Cyprus Exports

North Macedonia Exports

Market Competitiveness

Color
Cyprus
Top Destination
Hong Kong$482M
North Macedonia
Top Destination
Germany$3.96B

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

In 2022, countries that imported more from Cyprus than North Macedonia included Hong Kong ($482M), Lebanon ($329M), and Liberia ($255M).

In 2022, countries that imported more from North Macedonia than Cyprus included Germany ($3.96B), Serbia ($800M), and Bulgaria ($443M).

Difference in imports from North Macedonia (Flag) and Cyprus (Flag) (2022)

Comparative Advantage Cyprus - North Macedonia

Flow
Scale

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

During 2022, Cyprus had a large net trade with North Macedonia in the exports of Chemical Products ($1.27M), Miscellaneous ($220k), and Machines ($218k).

During 2017, North Macedonia had a large net trade with Cyprus in the exports of Foodstuffs ($525k), Plastics and Rubbers ($279k), and Chemical Products ($263k).

Economic Complexity

Competitive Landscape

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

Product Space of Cyprus (Flag) and North Macedonia (Flag) (2022)

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