Hong Kong (HKG) and Cyprus (CYP) Trade | The Observatory of Economic Complexity

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Hong Kong-Cyprus Trade: In 2023, Hong Kong exported $31.4M to Cyprus. The main products that Hong Kong exported to Cyprus were Broadcasting Equipment ($13.2M), Computers ($1.11M), and Air Conditioners ($1.08M). Over the past 5 years the exports of Hong Kong to Cyprus have decreased at an annualized rate of 31.7%, from $212M in 2018 to $31.4M in 2023.

In 2023, Hong Kong did not export any services to Cyprus.

Cyprus-Hong Kong Trade: In 2023, Cyprus exported $179M to Hong Kong. The main products that Cyprus exported to Hong Kong were Passenger and Cargo Ships ($143M), Other Sea Vessels ($16.3M), and Packaged Medicaments ($5.3M). Over the past 5 years the exports of Cyprus to Hong Kong have increased at an annualized rate of 1.17%, from $169M in 2018 to $179M in 2023.

In 2020, Cyprus exported services to Hong Kong worth $33.1M, with Financial services ($25.1M), Travel ($6.85M), and Transportation ($1.14M) being the largest in terms of value.

Comparison In 2023, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B). That same year, Cyprus ranked 126 in total exports ($5.7B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Hong Kong exported $31.4M to Cyprus. The main products exported from Hong Kong to Cyprus were Broadcasting Equipment ($13.2M), Computers ($1.11M), and Air Conditioners ($1.08M). During the last 5 years the exports of Hong Kong to Cyprus have decreased at an annualized rate of 31.7%, from $212M in 2018 to $31.4M in 2023.

In 2018, Cyprus exported $179M to Hong Kong. The main products exported from Cyprus to Hong Kong were Passenger and Cargo Ships ($143M), Other Sea Vessels ($16.3M), and Packaged Medicaments ($5.3M). During the last 5 years the exports of Cyprus to Hong Kong have increased at an annualized rate of 1.17%, from $169M in 2023 to $179M in 2018.

Exports from Hong Kong () to Cyprus () (2023)

Exports from Cyprus () to Hong Kong () (2023)

Latest Data

Trade between Hong Kong () and Cyprus ()

Hong Kong Exports

Date

Cyprus Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hong Kong
Top DestinationChina$25.3B

Cyprus
Top DestinationLibya$775M

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

In 2023, countries that imported more from Hong Kong than Cyprus included China ($25.3B), Vietnam ($14.4B), and South Korea ($9.5B).

In 2023, countries that imported more from Cyprus than Hong Kong included Libya ($775M), Greece ($626M), and Lebanon ($438M).

Difference in imports from Cyprus () and Hong Kong () (2023)

Comparative Advantage Hong Kong - Cyprus

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Hong Kong had a large net trade with Cyprus in the exports of Machines ($21.3M), Miscellaneous ($2.15M), and Precious Metals ($1.48M).

During 2018, Cyprus had a large net trade with Hong Kong in the exports of Transportation ($160M), Chemical Products ($6.61M), and Foodstuffs ($4.43M).

Bilateral Service Trade

Cyp Year

In 2020, Cyprus exported services to Hong Kong worth $33.1M, with Financial services ($25.1M), Travel ($6.85M), and Transportation ($1.14M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Cyprus () to Hong Kong () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Hong Kong () to Cyprus () (2023)

Exports from Cyprus () to Hong Kong () (2023)

Latest Data

Trade between Hong Kong () and Cyprus ()

Hong Kong Exports

Cyprus Exports

Market Competitiveness

Difference in imports from Cyprus () and Hong Kong () (2023)

Comparative Advantage Hong Kong - Cyprus

Bilateral Service Trade

Services Exports from Cyprus () to Hong Kong () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Hong Kong () and Cyprus () (2023)

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