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2022
Flag → Flag
Exports $397MRnk 71 / 224
2022
Flag → Flag
Top Product $94MCars
2022
Flag → Flag
Exports $276MRnk 4 / 194
2022
Flag → Flag
Top Product $156MCheese
2022
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Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
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GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
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 GDP$28.4BCURRENT US$
Rnk 105 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 138 / 186
2022
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GDP PC $45,850CURRENT US$
Rnk 23 / 186
2012-2022
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GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 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

United Kingdom-Cyprus Trade: In 2022, United Kingdom exported $397M to Cyprus. The main products that United Kingdom exported to Cyprus were Cars ($94M), Hard Liquor ($23.6M), and Delivery Trucks ($16.6M). Over the past 5 years the exports of United Kingdom to Cyprus have decreased at an annualized rate of 5.18%, from $518M in 2017 to $397M in 2022.

In 2019, United Kingdom exported services to Cyprus worth $1.36B, with Transportation ($343M), Personal, cultural, and recreational services ($321M), and Travel ($267M) being the largest in terms of value.

Cyprus-United Kingdom Trade: In 2022, Cyprus exported $276M to United Kingdom. The main products that Cyprus exported to United Kingdom were Cheese ($156M), Precious Metal Scraps ($22.7M), and Gold ($14.8M). Over the past 5 years the exports of Cyprus to United Kingdom have increased at an annualized rate of 2.8%,  from $241M in 2017 to $276M in 2022.

In 2020, Cyprus exported services to United Kingdom worth $797M, with Transportation ($217M), Financial services ($196M), and Travel ($143M) being the largest in terms of value.

Comparison In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42),  and 14 in total exports ($469B). 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, United Kingdom exported £27M and imported £15.2M from Cyprus, resulting in a positive trade balance of £11.8M. Between August 2023 and August 2024 the exports of United Kingdom have decreased by £-5.31M (-16.4%) from £32.3M to £27M, while imports decreased by £-5.01M (-24.8%) from £20.2M to £15.2M.

Trade In August 2024, the top exports of United Kingdom to Cyprus were Cars (£10.8M), Gold (£1.21M), Hard Liquor (£657k), Buses (£494k), and Prepared Cereals (£467k). In August 2024 the top imports of United Kingdom from Cyprus were Cheese (£9.57M), Valves (£1.22M), Citrus (£800k), Packaged Medicaments (£735k), and Potatoes (£549k).

Origins In August 2024 the exports of United Kingdom were mainly from London Gateway (£8.45M), Southampton (£6.77M), Felixstowe (£2.7M), Liverpool (£2.21M), and London Heathrow Airport (£1.83M), while imports destinations were mainly London Gateway (£8.48M), Felixstowe (£2.3M), Southampton (£947k), London Heathrow Airport (£512k), and London (£396k).

Growth In August 2024, the decrease in United Kingdom's year-by-year exports to Cyprus was explained primarily by an decrease in product exports in Machinery Having Individual Functions (£-1.68M or -99.4%), Low-voltage Protection Equipment (£-452k or -72%), and Liquid Pumps (£-451k or -97.4%). In August 2024, the decrease in United Kingdom's year-by-year imports  from Cyprus was explained primarily by an decrease in product imports  in Cheese (£-1.71M or -15.2%), Flavored Water (£-560k or -69.3%), and Insulated Wire (£-362k or -86.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)£-5.31M(-16.4%)
IMPORT GROWTH (August 2023 - August 2024)£-5.01M(-24.8%)
MAIN EXPORTER (August 2024)London Gateway£8.45M

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

To check Cyprus and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Cyprus and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $397M to Cyprus. The main products exported from United Kingdom to Cyprus were Cars ($94M), Hard Liquor ($23.6M), and Delivery Trucks ($16.6M). During the last 5 years the exports of United Kingdom to Cyprus have decreased at an annualized rate of 5.18%, from $518M in 2017 to $397M in 2022.

In 2017, Cyprus exported $276M to United Kingdom. The main products exported from Cyprus to United Kingdom were Cheese ($156M), Precious Metal Scraps ($22.7M), and Gold ($14.8M). During the last 5 years the exports of Cyprus to United Kingdom have increased at an annualized rate of 2.8%, from $241M in 2022 to $276M in 2017.

Exports from United Kingdom (Flag) to Cyprus (Flag) (2022)

Exports from Cyprus (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
Cyprus
Top DestinationHong Kong$482M

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

In 2022, countries that imported more from United Kingdom than Cyprus included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

In 2022, countries that imported more from Cyprus than United Kingdom included Liberia ($255M), Marshall Islands ($173M), and Seychelles ($70.8M).

Difference in imports from Cyprus (Flag) and United Kingdom (Flag) (2022)

Comparative Advantage United Kingdom - Cyprus

Flow
Scale

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

During 2022, United Kingdom had a large net trade with Cyprus in the exports of Transportation ($148M), Machines ($74M), and Foodstuffs ($63.4M).

During 2017, Cyprus had a large net trade with United Kingdom in the exports of Animal Products ($158M), Precious Metals ($37.8M), and Chemical Products ($17.5M).

Bilateral Service Trade

In 2019, United Kingdom exported services to Cyprus worth $1.36B, with Transportation ($343M), Personal, cultural, and recreational services ($321M), and Travel ($267M) being the largest in terms of value.

In 2020, Cyprus exported services to United Kingdom worth $797M, with Transportation ($217M), Financial services ($196M), and Travel ($143M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United Kingdom (Flag) to Cyprus (Flag) (2019)

Services Exports from Cyprus (Flag) to United Kingdom (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of United Kingdom (Flag) and Cyprus (Flag) (2022)

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