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2023
Flag → Flag
Exports $92.1MRnk 69 / 211
2023
Flag → Flag
Top Product $44.4MScented Mixtures
2023
Flag → Flag
Exports $9.98MRnk 56 / 196
2023
Flag → Flag
Top Product $3.12MCheese
2023
Flag
Economic Complexity (ECI) ECI 1.31Rnk 17 / 132
2023
Flag  
GDP$551BCURRENT US$
Rnk 25 / 195
2013-2023
Flag
GDP GROWTH127%CURRENT US$
Rnk 7 / 195
2023
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 GDP$33.9BCURRENT US$
Rnk 106 / 195
2013-2023
Flag
GDP GROWTH41.4%CURRENT US$
Rnk 91 / 195
2023
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GDP PC $103,888CURRENT US$
Rnk 4 / 195
2013-2023
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GDP PC GROWTH97.4%CURRENT US$
Rnk 9 / 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

Ireland-Cyprus Trade: In 2023, Ireland exported $92.1M to Cyprus. The main products that Ireland exported to Cyprus were Scented Mixtures ($44.4M), Packaged Medicaments ($6.39M), and Cars ($4.43M). Over the past 5 years the exports of Ireland to Cyprus have increased at an annualized rate of 27.2%, from $27.6M in 2018 to $92.1M in 2023.

In 2020, Ireland exported services to Cyprus worth $40M, with Insurance services ($19.4M), Transportation ($10.3M), and Financial services ($6.85M) being the largest in terms of value.

Cyprus-Ireland Trade: In 2023, Cyprus exported $9.98M to Ireland. The main products that Cyprus exported to Ireland were Cheese ($3.12M), Packaged Medicaments ($1.26M), and Plastic Pipes ($759k). Over the past 5 years the exports of Cyprus to Ireland have decreased at an annualized rate of 13.6%,  from $137M in 2018 to $9.98M in 2023.

In 2020, Cyprus exported services to Ireland worth $187M, with Computer and information services ($160M), Financial services ($22.8M), and Transportation ($3.43M) being the largest in terms of value.

Comparison In 2023,  Ireland ranked 17 in the Economic Complexity Index (ECI 1.31),  and 29 in total exports ($241B). 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, Ireland exported €6M and imported €583k from Cyprus, resulting in a positive trade balance of €5.41M. Between November 2023 and November 2024 the exports of Ireland have increased by €614k (11.4%) from €5.38M to €6M, while imports increased by €182k (45.4%) from €401k to €583k.

Trade In November 2024, the top exports of Ireland to Cyprus were Essential oils, perfume materials, toilet preparations... (€5.75M), Medicinal and pharmaceutical products (€753k), Miscellaneous edible products and preparations (€445k), Beverages (€402k), and Office machines and automatic data processing... (€330k). In November 2024 the top imports of Ireland from Cyprus were Unclassified estimates (€235k), Plastics in non-primary forms (€69k), Medicinal and pharmaceutical products (€43k), Non-metallic mineral manufactures, n.e.s. (€34k), and Professional, scientific and controlling apparatus (€30k).

Growth In November 2024, the increase in Ireland's year-by-year exports to Cyprus was explained primarily by an increase in product exports in Beverages (€382k or 1.91k%), Medicinal and pharmaceutical products (€157k or 26.3%), and Miscellaneous manufactured articles, n.e.s. (€143k or 292%). In November 2024, the increase in Ireland's year-by-year imports  from Cyprus was explained primarily by an increase in product imports  in Unclassified estimates (€233k or 11.7k%), Plastics in non-primary forms (€44k or 176%), and Medicinal and pharmaceutical products (€39k or 975%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€614k(11.4%)
IMPORT GROWTH (November 2023 - November 2024)€182k(45.4%)

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

To check Cyprus and Ireland trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Cyprus and Ireland Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ireland exported $92.1M to Cyprus. The main products exported from Ireland to Cyprus were Scented Mixtures ($44.4M), Packaged Medicaments ($6.39M), and Cars ($4.43M). During the last 5 years the exports of Ireland to Cyprus have increased at an annualized rate of 27.2%, from $27.6M in 2018 to $92.1M in 2023.

In 2018, Cyprus exported $9.98M to Ireland. The main products exported from Cyprus to Ireland were Cheese ($3.12M), Packaged Medicaments ($1.26M), and Plastic Pipes ($759k). During the last 5 years the exports of Cyprus to Ireland have decreased at an annualized rate of 13.6%, from $137M in 2023 to $9.98M in 2018.

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

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

Market Competitiveness

Color
Ireland
Top DestinationUnited States$67.4B
Cyprus
Top DestinationLibya$775M

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

In 2023, countries that imported more from Ireland than Cyprus included United States ($67.4B), Germany ($26.7B), and United Kingdom ($20.5B).

In 2023, countries that imported more from Cyprus than Ireland included Libya ($775M), Bermuda ($403M), and Lebanon ($438M).

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

Comparative Advantage Ireland - Cyprus

Flow
Scale

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

During 2023, Ireland had a large net trade with Cyprus in the exports of Chemical Products ($56.9M), Foodstuffs ($10.6M), and Animal Products ($8.44M).

During 2018, Cyprus had a large net trade with Ireland in the exports of Animal Products ($3.15M), Chemical Products ($1.4M), and Plastics and Rubbers ($885k).

Bilateral Service Trade

In 2020, Ireland exported services to Cyprus worth $40M, with Insurance services ($19.4M), Transportation ($10.3M), and Financial services ($6.85M) being the largest in terms of value.

In 2020, Cyprus exported services to Ireland worth $187M, with Computer and information services ($160M), Financial services ($22.8M), and Transportation ($3.43M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Ireland (Flag) and Cyprus (Flag) (2023)

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