2022
Flag  
GDP
$28.4BCURRENT US$
Rnk 105 / 186
2012-2022
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GDP GROWTH
13.5%CURRENT US$
Rnk 138 / 186
2022
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 GDP
$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP GROWTH
1.45%CURRENT US$
Rnk 164 / 186
2022
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GDP PC 
$31,284CURRENT US$
Rnk 36 / 186
2012-2022
Flag
GDP PC GROWTH
7.9%CURRENT US$
Rnk 123 / 186
2022
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GDP PC
$15,345CURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP PC GROWTH
-0.49%CURRENT US$
Rnk 145 / 186

About

Cyprus-Russia Trade: In 2022, Cyprus exported $43.8M to Russia. The main products that Cyprus exported to Russia were Planes, Helicopters, and/or Spacecraft ($35.1M), Tug Boats ($4.64M), and Packaged Medicaments ($1.64M). Over the past 5 years the exports of Cyprus to Russia have decreased at an annualized rate of 7.96%, from $66.3M in 2017 to $43.8M in 2022.

In 2020, Cyprus exported services to Russia worth $2.74B, with Financial services ($1.73B), Transportation ($447M), and Computer and information services ($404M) being the largest in terms of value.

Russia-Cyprus Trade: In 2022, Russia exported $198M to Cyprus. The main products that Russia exported to Cyprus were Coal Tar Oil ($111M), Refined Petroleum ($34.5M), and Tug Boats ($23.5M). Over the past 5 years the exports of Russia to Cyprus have decreased at an annualized rate of 10.9%,  from $352M in 2017 to $198M in 2022.

In 2020, Russia exported services to Cyprus worth $3.15B, with Transportation ($1.61B), Other business services ($542M), and Computer and information services ($420M) 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, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Cyprus exported $43.8M to Russia. The main products exported from Cyprus to Russia were Planes, Helicopters, and/or Spacecraft ($35.1M), Tug Boats ($4.64M), and Packaged Medicaments ($1.64M). During the last 5 years the exports of Cyprus to Russia have decreased at an annualized rate of 7.96%, from $66.3M in 2017 to $43.8M in 2022.

In 2017, Russia exported $198M to Cyprus. The main products exported from Russia to Cyprus were Coal Tar Oil ($111M), Refined Petroleum ($34.5M), and Tug Boats ($23.5M). During the last 5 years the exports of Russia to Cyprus have decreased at an annualized rate of 10.9%, from $352M in 2022 to $198M in 2017.

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

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

Latest Data

Trade between Cyprus (Flag) and Russia (Flag)

Cyprus Exports

Russia Exports

Market Competitiveness

Color
Cyprus
Top Destination
Hong Kong$482M
Russia
Top Destination
China$101B

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

In 2022, countries that imported more from Cyprus than Russia included Liberia ($255M), Marshall Islands ($173M), and Libya ($133M).

In 2022, countries that imported more from Russia than Cyprus included China ($101B), India ($40.4B), and Germany ($27.7B).

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

Comparative Advantage Cyprus - Russia

Flow
Scale

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

During 2022, Cyprus had a large net trade with Russia in the exports of Transportation ($39.7M), Chemical Products ($1.71M), and Instruments ($1.15M).

During 2017, Russia had a large net trade with Cyprus in the exports of Mineral Products ($156M), Transportation ($24M), and Vegetable Products ($5.26M).

Bilateral Service Trade

In 2020, Cyprus exported services to Russia worth $2.74B, with Financial services ($1.73B), Transportation ($447M), and Computer and information services ($404M) being the largest in terms of value.

In 2020, Russia exported services to Cyprus worth $3.15B, with Transportation ($1.61B), Other business services ($542M), and Computer and information services ($420M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Russia (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 Russia. This means that a dot/product with the flag of Cyprus indicates it has a comparative advantage over Russia. Similarly, a dot/product with the flag of Russia indicates it has a comparative advantage over Cyprus.

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

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