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2022
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Exports $397MRnk 71 / 224
2022
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Top Product $94MCars
2022
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Exports $276MRnk 4 / 194
2022
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Top Product $156MCheese
2022
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Economic Complexity (ECI) ECI 1.38Rnk 12 / 124
2022
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GDP$3.07TCURRENT US$
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2012-2022
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GDP GROWTH13.5%CURRENT US$
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2022
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 GDP$28.4BCURRENT US$
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2012-2022
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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
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GDP PC GROWTH7.9%CURRENT US$
Rnk 123 / 186

About

United Kingdom-Cyprus In 2022, United Kingdom exported $397M to Cyprus. The main products that United Kingdom exported to Cyprus are Cars ($94M), Hard Liquor ($23.6M), and Delivery Trucks ($16.6M). During the last 27 years the exports of United Kingdom to Cyprus have decreased at an annualized rate of 0.76%, from $487M in 1995 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 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). During the last 27 years the exports of Cyprus to United Kingdom have increased at an annualized rate of 0.54%, from $239M in 1995 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 1.38),  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

January, 2024

About

Overview In January 2024, United Kingdom exported £35.9M and imported £26.1M from Cyprus, resulting in a positive trade balance of £9.86M. Between January 2023 and January 2024 the exports of United Kingdom have increased by £11M (44.1%) from £24.9M to £35.9M, while imports increased by £6M (29.9%) from £20.1M to £26.1M.

Trade In January 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 January 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 January 2024 the exports of United Kingdom were mainly from Southampton (£9.59M), London Gateway (£8.6M), Felixstowe (£2.72M), Harwich (£1.92M), and Dover Eurotunnel (£1.73M), while imports destinations were mainly London Gateway (£13.6M), Aberdeen Airport (£3.8M), Prestwick Airport (£2.98M), and London Heathrow Airport (£1.41M).

Growth In January 2024, the increase in United Kingdom's year-by-year exports to Cyprus was explained primarily by an increase in product exports in Cars (£4.94M or 85%), Gold (£834k or 224%), and Cheese (£333k or 692%). In January 2024, the increase in United Kingdom's year-by-year imports  from Cyprus was explained primarily by an increase in product imports  in Valves (£1.22M or 122k%), Machinery Having Individual Functions (£475k or 1.97k%), and Cars (£398k or 408%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2023 - January 2024)£11M(44.1%)
IMPORT GROWTH (January 2023 - January 2024)£6M(29.9%)
MAIN EXPORTER (January 2024)Southampton£9.59M

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 27 years the exports of United Kingdom to Cyprus have decreased at an annualized rate of 0.76%, from $487M in 1995 to $397M in 2022.

In 2022, 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 27 years the exports of Cyprus to United Kingdom have increased at an annualized rate of 0.54%, from $239M in 1995 to $276M in 2022.

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 2021, countries that imported more from United Kingdom than Cyprus were United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

In 2021, countries that imported more from Cyprus than United Kingdom were 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 2022, 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).

Service Trade

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)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more United Kingdom has comparative advantage over Cyprus. Similarly, the more yellow a dot/product is, the more Cyprus has comparative advantage over United Kingdom.

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

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