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2023
Flag → Flag
Exports $752MRnk 83 / 220
2023
Flag → Flag
Top Product $159MCars
2023
Flag → Flag
Exports $120MRnk 14 / 196
2023
Flag → Flag
Top Product $26MCheese
2023
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Economic Complexity (ECI) ECI 1.79Rnk 5 / 132
2023
Flag  
GDP$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
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GDP GROWTH18.8%CURRENT US$
Rnk 144 / 195
2023
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 GDP$33.9BCURRENT US$
Rnk 106 / 195
2013-2023
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GDP GROWTH41.4%CURRENT US$
Rnk 91 / 195
2023
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GDP PC $54,343CURRENT US$
Rnk 21 / 195
2013-2023
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GDP PC GROWTH15.1%CURRENT US$
Rnk 118 / 195
2023
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GDP PC$36,551CURRENT US$
Rnk 35 / 196
2013-2023
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GDP PC GROWTH31.5%CURRENT US$
Rnk 76 / 195

About

Germany-Cyprus Trade: In 2023, Germany exported $752M to Cyprus. The main products that Germany exported to Cyprus were Cars ($159M), Packaged Medicaments ($42.2M), and Washing and Bottling Machines ($18.3M). Over the past 5 years the exports of Germany to Cyprus have increased at an annualized rate of 4.58%, from $601M in 2018 to $752M in 2023.

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 2023, Cyprus exported $120M to Germany. The main products that Cyprus exported to Germany were Cheese ($26M), Passenger and Cargo Ships ($15M), and Packaged Medicaments ($14.2M). Over the past 5 years the exports of Cyprus to Germany have decreased at an annualized rate of 9.85%,  from $202M in 2018 to $120M in 2023.

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 2023,  Germany ranked 5 in the Economic Complexity Index (ECI 1.79),  and 3 in total exports ($1.57T). That same year, Cyprus ranked 126 in total exports ($5.7B), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, Germany exported €77M and imported €9.96M from Cyprus, resulting in a positive trade balance of €67.1M. Between November 2023 and November 2024 the exports of Germany have increased by €6.33M (8.96%) from €70.7M to €77M, while imports increased by €3.83M (62.5%) from €6.13M to €9.96M.

Trade In November 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 November 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 November 2024 the exports of Germany were mainly from North Rhine-Westphalia (€11.1M), Baden-Württemberg (€8.06M), Bavaria (€7.45M), Lower Saxony (€6.79M), and Hesse (€3.47M), while imports destinations were mainly Saxony-Anhalt (€2.69M), Brandenburg (€1.98M), Bavaria (€1.49M), North Rhine-Westphalia (€1.1M), and Hesse (€826k).

Growth In November 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 November 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 (November 2023 - November 2024)€6.33M(8.96%)
IMPORT GROWTH (November 2023 - November 2024)€3.83M(62.5%)
MAIN EXPORTER (November 2024)North Rhine-Westphalia€11.1M

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 2023, Germany exported $752M to Cyprus. The main products exported from Germany to Cyprus were Cars ($159M), Packaged Medicaments ($42.2M), and Washing and Bottling Machines ($18.3M). During the last 5 years the exports of Germany to Cyprus have increased at an annualized rate of 4.58%, from $601M in 2018 to $752M in 2023.

In 2018, Cyprus exported $120M to Germany. The main products exported from Cyprus to Germany were Cheese ($26M), Passenger and Cargo Ships ($15M), and Packaged Medicaments ($14.2M). During the last 5 years the exports of Cyprus to Germany have decreased at an annualized rate of 9.85%, from $202M in 2023 to $120M in 2018.

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

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

Market Competitiveness

Color
Germany
Top DestinationUnited States$157B
Cyprus
Top DestinationLibya$775M

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 2023, countries that imported more from Germany than Cyprus included United States ($157B), France ($118B), and Netherlands ($108B).

In 2023, countries that imported more from Cyprus than Germany included Bermuda ($403M), Libya ($775M), and North Korea ($15.4k).

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

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 2023, Germany had a large net trade with Cyprus in the exports of Transportation ($211M), Machines ($158M), and Chemical Products ($83.8M).

During 2018, Cyprus had a large net trade with Germany in the exports of Animal Products ($27.8M), Foodstuffs ($18.6M), and Transportation ($18.1M).

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) (2023)

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