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2022
Flag → Flag
Exports $449MRnk 68 / 218
2022
Flag → Flag
Top Product $68.9MRefined Petroleum
2022
Flag → Flag
Exports $31.2MRnk 35 / 194
2022
Flag → Flag
Top Product $5.56MPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
 GDP$28.4BCURRENT US$
Rnk 105 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 138 / 186
2022
Flag
GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC$31,284CURRENT US$
Rnk 36 / 186
2012-2022
Flag
GDP PC GROWTH7.9%CURRENT US$
Rnk 123 / 186

About

Spain-Cyprus Trade: In 2022, Spain exported $449M to Cyprus. The main products that Spain exported to Cyprus were Refined Petroleum ($68.9M), Unglazed Ceramics ($35.7M), and Non-Knit Women's Suits ($21.5M). Over the past 5 years the exports of Spain to Cyprus have increased at an annualized rate of 7.8%, from $308M in 2017 to $449M in 2022.

In 2009, Spain exported services to Cyprus worth $124M, with Services not allocated ($124M) being the largest in terms of value.

Cyprus-Spain Trade: In 2022, Cyprus exported $31.2M to Spain. The main products that Cyprus exported to Spain were Packaged Medicaments ($5.56M), Cheese ($2.78M), and Beer ($1.61M). Over the past 5 years the exports of Cyprus to Spain have decreased at an annualized rate of 12.7%,  from $61.4M in 2017 to $31.2M in 2022.

In 2020, Cyprus exported services to Spain worth $93.7M, with Financial services ($76.5M), Transportation ($12.6M), and Other business services ($3.43M) being the largest in terms of value.

Comparison In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81),  and 20 in total exports ($394B). 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, Spain exported €66.1M and imported €2.36M from Cyprus, resulting in a positive trade balance of €63.8M. Between August 2023 and August 2024 the exports of Spain have increased by €309k (0.47%) from €65.8M to €66.1M, while imports decreased by €-631k (-21.1%) from €2.99M to €2.36M.

Trade In August 2024, the top exports of Spain to Cyprus were Cars (€2.84M), Unglazed Ceramics (€2.56M), Hard Liquor (€1.7M), Rolled Tobacco (€1.2M), and Non-Knit Women's Suits (€1.08M). In August 2024 the top imports of Spain from Cyprus were Packaged Medicaments (€412k), Cheese (€410k), Phenols (€365k), Quaternary Ammonium Salts and Hydroxides (€188k), and Animal Organs (€133k).

Origins In August 2024 the exports of Spain were mainly from Cádiz (€39.4M), A Coruña (€6.14M), Barcelona (€4.23M), Castellón (€2.58M), and Ciudad Real (€1.73M), while imports destinations were mainly Madrid (€734k), Barcelona (€733k), Zaragoza (€187k), Murcia (€109k), and Sevilla (€105k).

Growth In August 2024, the increase in Spain's year-by-year exports to Cyprus was explained primarily by an increase in product exports in Cars (€2.15M or 311%), Hard Liquor (€1.53M or 896%), and Machinery Having Individual Functions (€503k or 2.53k%). In August 2024, the decrease in Spain's year-by-year imports  from Cyprus was explained primarily by an decrease in product imports  in Animal Organs (€-89.2k or -40.2%), Other Plastic Products (€-20.7k or -39.2%), and Plastic Pipes (€-19.3k or -16.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€309k(0.47%)
IMPORT GROWTH (August 2023 - August 2024)€-631k(-21.1%)
MAIN EXPORTER (August 2024)Cádiz€39.4M

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

To check Cyprus and Spain 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, Spain exported $449M to Cyprus. The main products exported from Spain to Cyprus were Refined Petroleum ($68.9M), Unglazed Ceramics ($35.7M), and Non-Knit Women's Suits ($21.5M). During the last 5 years the exports of Spain to Cyprus have increased at an annualized rate of 7.8%, from $308M in 2017 to $449M in 2022.

In 2017, Cyprus exported $31.2M to Spain. The main products exported from Cyprus to Spain were Packaged Medicaments ($5.56M), Cheese ($2.78M), and Beer ($1.61M). During the last 5 years the exports of Cyprus to Spain have decreased at an annualized rate of 12.7%, from $61.4M in 2022 to $31.2M in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Cyprus
Top DestinationHong Kong$482M

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

In 2022, countries that imported more from Spain than Cyprus included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2022, countries that imported more from Cyprus than Spain included Liberia ($255M), Marshall Islands ($173M), and Kiribati ($30.8k).

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

Comparative Advantage Spain - Cyprus

Flow
Scale

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

During 2022, Spain had a large net trade with Cyprus in the exports of Mineral Products ($87.6M), Textiles ($77.4M), and Foodstuffs ($48.2M).

During 2017, Cyprus had a large net trade with Spain in the exports of Chemical Products ($9M), Animal Products ($4.96M), and Foodstuffs ($3.37M).

Bilateral Service Trade

In 2009, Spain exported services to Cyprus worth $124M, with Services not allocated ($124M) being the largest in terms of value.

In 2020, Cyprus exported services to Spain worth $93.7M, with Financial services ($76.5M), Transportation ($12.6M), and Other business services ($3.43M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Spain (Flag) to Cyprus (Flag) (2009)

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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