2022
Flag  
GDP
$28.4BCURRENT US$
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2012-2022
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GDP GROWTH
13.5%CURRENT US$
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2022
Flag
 GDP
$301BCURRENT US$
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2012-2022
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GDP GROWTH
68.2%CURRENT US$
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2022
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GDP PC 
$31,284CURRENT US$
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2012-2022
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GDP PC GROWTH
7.9%CURRENT US$
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2022
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GDP PC
$15,892CURRENT US$
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2012-2022
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GDP PC GROWTH
77.9%CURRENT US$
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About

Cyprus-Romania Trade: In 2022, Cyprus exported $62.2M to Romania. The main products that Cyprus exported to Romania were Packaged Medicaments ($23.6M), Petroleum Coke ($5.82M), and Other Edible Preparations ($2.11M). Over the past 5 years the exports of Cyprus to Romania have increased at an annualized rate of 8.22%, from $41.9M in 2017 to $62.2M in 2022.

In 2020, Cyprus exported services to Romania worth $24M, with Transportation ($13.7M), Financial services ($8M), and Travel ($2.28M) being the largest in terms of value.

Romania-Cyprus Trade: In 2022, Romania exported $167M to Cyprus. The main products that Romania exported to Cyprus were Refined Petroleum ($32.3M), Corn ($30.6M), and Barley ($11.6M). Over the past 5 years the exports of Romania to Cyprus have increased at an annualized rate of 22.4%,  from $60.7M in 2017 to $167M in 2022.

In 2020, Romania exported services to Cyprus worth $115M, with Other business services ($42.9M), Computer and information services ($32.1M), and Transportation ($24.6M) being the largest in terms of value.

Comparison In 2022,  Cyprus ranked 125 in total exports ($4.91B), and does not have data regarding Economic Complexity Index. That same year, Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Cyprus exported $62.2M to Romania. The main products exported from Cyprus to Romania were Packaged Medicaments ($23.6M), Petroleum Coke ($5.82M), and Other Edible Preparations ($2.11M). During the last 5 years the exports of Cyprus to Romania have increased at an annualized rate of 8.22%, from $41.9M in 2017 to $62.2M in 2022.

In 2017, Romania exported $167M to Cyprus. The main products exported from Romania to Cyprus were Refined Petroleum ($32.3M), Corn ($30.6M), and Barley ($11.6M). During the last 5 years the exports of Romania to Cyprus have increased at an annualized rate of 22.4%, from $60.7M in 2022 to $167M in 2017.

Exports from Cyprus (Flag) to Romania (Flag) (2022)

Exports from Romania (Flag) to Cyprus (Flag) (2022)

Latest Data

Trade between Cyprus (Flag) and Romania (Flag)

Cyprus Exports

Romania Exports

Market Competitiveness

Color
Cyprus
Top Destination
Hong Kong$482M
Romania
Top Destination
Germany$18.8B

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

In 2022, countries that imported more from Cyprus than Romania included Hong Kong ($482M), Liberia ($255M), and Marshall Islands ($173M).

In 2022, countries that imported more from Romania than Cyprus included Germany ($18.8B), Italy ($9.55B), and Hungary ($6.75B).

Difference in imports from Romania (Flag) and Cyprus (Flag) (2022)

Comparative Advantage Cyprus - Romania

Flow
Scale

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

During 2022, Cyprus had a large net trade with Romania in the exports of Chemical Products ($26.2M), Machines ($7.21M), and Mineral Products ($7.02M).

During 2017, Romania had a large net trade with Cyprus in the exports of Vegetable Products ($47.5M), Mineral Products ($32.3M), and Miscellaneous ($17.6M).

Bilateral Service Trade

In 2020, Cyprus exported services to Romania worth $24M, with Transportation ($13.7M), Financial services ($8M), and Travel ($2.28M) being the largest in terms of value.

In 2020, Romania exported services to Cyprus worth $115M, with Other business services ($42.9M), Computer and information services ($32.1M), and Transportation ($24.6M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Cyprus (Flag) to Romania (Flag) (2020)

Services Exports from Romania (Flag) to Cyprus (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Cyprus (Flag) and Romania (Flag) (2022)

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