2023
Flag  
GDP
$33.9BCURRENT US$
Rnk 106 / 195
2013-2023
Flag
GDP GROWTH
41.4%CURRENT US$
Rnk 91 / 195
2023
Flag
 GDP
$585BCURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP GROWTH
0.14%CURRENT US$
Rnk 170 / 195
2023
Flag
GDP PC 
$36,551CURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP PC GROWTH
31.5%CURRENT US$
Rnk 76 / 195
2023
Flag
GDP PC
$55,517CURRENT US$
Rnk 19 / 196
2013-2023
Flag
GDP PC GROWTH
-8.76%CURRENT US$
Rnk 165 / 195

About

Cyprus-Sweden Trade: In 2023, Cyprus exported $54.9M to Sweden. The main products that Cyprus exported to Sweden were Cheese ($30.7M), Fruit Juice ($5.93M), and Edible Offal ($2.4M). Over the past 5 years the exports of Cyprus to Sweden have increased at an annualized rate of 0.17%, from $54.5M in 2018 to $54.9M in 2023.

In 2020, Cyprus exported services to Sweden worth $20.6M, with Transportation ($6.85M), Other business services ($6.85M), and Financial services ($5.71M) being the largest in terms of value.

Sweden-Cyprus Trade: In 2023, Sweden exported $132M to Cyprus. The main products that Sweden exported to Cyprus were Gas Turbines ($50.9M), Packaged Medicaments ($20.9M), and Passenger and Cargo Ships ($13.2M). Over the past 5 years the exports of Sweden to Cyprus have increased at an annualized rate of 0.35%,  from $128M in 2018 to $132M in 2023.

In 2020, Sweden exported services to Cyprus worth $75.7M, with Transportation ($22.6M), Computer and information services ($20.9M), and Other business services ($17.9M) being the largest in terms of value.

Comparison In 2023,  Cyprus ranked 126 in total exports ($5.7B), and does not have data regarding Economic Complexity Index. That same year, Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cyprus exported $54.9M to Sweden. The main products exported from Cyprus to Sweden were Cheese ($30.7M), Fruit Juice ($5.93M), and Edible Offal ($2.4M). During the last 5 years the exports of Cyprus to Sweden have increased at an annualized rate of 0.17%, from $54.5M in 2018 to $54.9M in 2023.

In 2018, Sweden exported $132M to Cyprus. The main products exported from Sweden to Cyprus were Gas Turbines ($50.9M), Packaged Medicaments ($20.9M), and Passenger and Cargo Ships ($13.2M). During the last 5 years the exports of Sweden to Cyprus have increased at an annualized rate of 0.35%, from $128M in 2023 to $132M in 2018.

Exports from Cyprus (Flag) to Sweden (Flag) (2023)

Exports from Sweden (Flag) to Cyprus (Flag) (2023)

Latest Data

Trade between Cyprus (Flag) and Sweden (Flag)

Cyprus Exports

Sweden Exports

Market Competitiveness

Color
Cyprus
Top Destination
Libya$775M
Sweden
Top Destination
Germany$18.4B

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

In 2023, countries that imported more from Cyprus than Sweden included Libya ($775M), Bermuda ($403M), and Lebanon ($438M).

In 2023, countries that imported more from Sweden than Cyprus included Germany ($18.4B), United States ($18.1B), and Denmark ($14.4B).

Difference in imports from Sweden (Flag) and Cyprus (Flag) (2023)

Comparative Advantage Cyprus - Sweden

Flow
Scale

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

During 2023, Cyprus had a large net trade with Sweden in the exports of Animal Products ($33.1M), Foodstuffs ($6.87M), and Chemical Products ($3.86M).

During 2018, Sweden had a large net trade with Cyprus in the exports of Machines ($59.4M), Chemical Products ($23.5M), and Transportation ($21.8M).

Bilateral Service Trade

In 2020, Cyprus exported services to Sweden worth $20.6M, with Transportation ($6.85M), Other business services ($6.85M), and Financial services ($5.71M) being the largest in terms of value.

In 2020, Sweden exported services to Cyprus worth $75.7M, with Transportation ($22.6M), Computer and information services ($20.9M), and Other business services ($17.9M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Product Space of Cyprus (Flag) and Sweden (Flag) (2023)

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