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2022
Flag → Flag
Exports $758MRnk 78 / 223
2022
Flag → Flag
Top Product $111MCars
2022
Flag → Flag
Exports $158MRnk 9 / 194
2022
Flag → Flag
Top Product $42.2MPassenger and Cargo Ships
2022
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Economic Complexity (ECI) ECI 1.78Rnk 5 / 133
2022
Flag  
GDP$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP GROWTH15.5%CURRENT US$
Rnk 136 / 186
2022
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 GDP$28.4BCURRENT US$
Rnk 105 / 186
2012-2022
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GDP GROWTH13.5%CURRENT US$
Rnk 138 / 186
2022
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GDP PC $48,432CURRENT US$
Rnk 21 / 186
2012-2022
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GDP PC GROWTH10.4%CURRENT US$
Rnk 115 / 186
2022
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GDP PC$31,284CURRENT US$
Rnk 36 / 186
2012-2022
Flag
GDP PC GROWTH7.9%CURRENT US$
Rnk 123 / 186

About

Germany-Cyprus Trade: In 2022, Germany exported $758M to Cyprus. The main products that Germany exported to Cyprus were Cars ($111M), Passenger and Cargo Ships ($64M), and Packaged Medicaments ($39.8M). Over the past 5 years the exports of Germany to Cyprus have increased at an annualized rate of 2.95%, from $655M in 2017 to $758M in 2022.

In 2020, Germany exported services to Cyprus worth $338M, with Transportation ($202M), Other business services ($94.8M), and Financial services ($28.6M) being the largest in terms of value.

Cyprus-Germany Trade: In 2022, Cyprus exported $158M to Germany. The main products that Cyprus exported to Germany were Passenger and Cargo Ships ($42.2M), Cheese ($20.4M), and Packaged Medicaments ($19.5M). Over the past 5 years the exports of Cyprus to Germany have decreased at an annualized rate of 1.69%,  from $172M in 2017 to $158M in 2022.

In 2020, Cyprus exported services to Germany worth $1.3B, with Transportation ($1.08B), Financial services ($142M), and Travel ($56M) being the largest in terms of value.

Comparison In 2022,  Germany ranked 5 in the Economic Complexity Index (ECI 1.78),  and 3 in total exports ($1.6T). That same year, Cyprus ranked 125 in total exports ($4.91B), and does not have data regarding Economic Complexity Index.

Latest Trends

August, 2024

About

Overview In August 2024, Germany exported €66.6M and imported €10.7M from Cyprus, resulting in a positive trade balance of €56M. Between August 2023 and August 2024 the exports of Germany have increased by €8.77M (15.2%) from €57.9M to €66.6M, while imports increased by €134k (1.27%) from €10.5M to €10.7M.

Trade In August 2024, the top exports of Germany to Cyprus were Motor cars and motor caravans (€14M), Pharmaceutical products (€3.41M), Estimations for non-response (€3.11M), Office and automatic data processing machines (€3.04M), and Other machinery (€2.44M). In August 2024 the top imports of Germany from Cyprus were Estimations for non-response (€1.15M), Estimations for exemptions (€847k), Pharmaceutical products (€835k), Ferro-alloys (€699k), and Cheese (€686k).

Origins In August 2024 the exports of Germany were mainly from North Rhine-Westphalia (€7.6M), Lower Saxony (€7.31M), Baden-Württemberg (€6.09M), Bavaria (€5.76M), and Saxony (€2.78M), while imports destinations were mainly Saxony-Anhalt (€1.83M), Brandenburg (€1.74M), Hesse (€1.61M), Bavaria (€1.34M), and North Rhine-Westphalia (€1.09M).

Growth In August 2024, the increase in Germany's year-by-year exports to Cyprus was explained primarily by an increase in product exports in Motor cars and motor caravans (€6.8M or 94.9%), Estimations for non-response (€3.1M or 20.7k%), and Lifting and handling equipment (€1.11M or 1.52k%). In August 2024, the increase in Germany's year-by-year imports  from Cyprus was explained primarily by an increase in product imports  in Estimations for non-response (€642k or 125%), Machinery for electricity production, distribution (€129k or 759%), and Returned goods (€65k or 127%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)€8.77M(15.2%)
IMPORT GROWTH (August 2023 - August 2024)€134k(1.27%)
MAIN EXPORTER (August 2024)North Rhine-Westphalia€7.6M

This section shows exports and imports data at subnational level for Germany. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Germany over time.

To check Cyprus and Germany trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Germany exported $758M to Cyprus. The main products exported from Germany to Cyprus were Cars ($111M), Passenger and Cargo Ships ($64M), and Packaged Medicaments ($39.8M). During the last 5 years the exports of Germany to Cyprus have increased at an annualized rate of 2.95%, from $655M in 2017 to $758M in 2022.

In 2017, Cyprus exported $158M to Germany. The main products exported from Cyprus to Germany were Passenger and Cargo Ships ($42.2M), Cheese ($20.4M), and Packaged Medicaments ($19.5M). During the last 5 years the exports of Cyprus to Germany have decreased at an annualized rate of 1.69%, from $172M in 2022 to $158M in 2017.

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

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

Market Competitiveness

Color
Germany
Top DestinationUnited States$153B
Cyprus
Top DestinationHong Kong$482M

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

In 2022, countries that imported more from Germany than Cyprus included United States ($153B), France ($120B), and China ($109B).

In 2022, countries that imported more from Cyprus than Germany included Seychelles ($70.8M).

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

Comparative Advantage Germany - Cyprus

Flow
Scale

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

During 2022, Germany had a large net trade with Cyprus in the exports of Transportation ($204M), Machines ($173M), and Chemical Products ($96.6M).

During 2017, Cyprus had a large net trade with Germany in the exports of Transportation ($46.2M), Chemical Products ($31.5M), and Animal Products ($21.8M).

Bilateral Service Trade

In 2020, Germany exported services to Cyprus worth $338M, with Transportation ($202M), Other business services ($94.8M), and Financial services ($28.6M) being the largest in terms of value.

In 2020, Cyprus exported services to Germany worth $1.3B, with Transportation ($1.08B), Financial services ($142M), and Travel ($56M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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