2023
Flag  
GDP
$514BCURRENT US$
Rnk 28 / 195
2013-2023
Flag
GDP GROWTH
72.6%CURRENT US$
Rnk 38 / 195
2023
Flag
 GDP
$33.9BCURRENT US$
Rnk 106 / 195
2013-2023
Flag
GDP GROWTH
41.4%CURRENT US$
Rnk 91 / 195
2023
Flag
GDP PC 
$52,642CURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP PC GROWTH
42.5%CURRENT US$
Rnk 56 / 195
2023
Flag
GDP PC
$36,551CURRENT US$
Rnk 35 / 196
2013-2023
Flag
GDP PC GROWTH
31.5%CURRENT US$
Rnk 76 / 195

About

Israel-Cyprus Trade: In 2023, Israel exported $671M to Cyprus. The main products that Israel exported to Cyprus were Refined Petroleum ($586M), Planes, Helicopters, and/or Spacecraft ($11.7M), and Basketwork ($6.86M). Over the past 5 years the exports of Israel to Cyprus have increased at an annualized rate of 0.14%, from $666M in 2018 to $671M in 2023.

In 2012, Israel exported services to Cyprus worth $646M, with Computer and information services ($646M) being the largest in terms of value.

Cyprus-Israel Trade: In 2023, Cyprus exported $135M to Israel. The main products that Cyprus exported to Israel were Cement ($54.8M), Non-fillet Fresh Fish ($20.7M), and Gypsum ($15.3M). Over the past 5 years the exports of Cyprus to Israel have decreased at an annualized rate of 1.14%,  from $143M in 2018 to $135M in 2023.

In 2009, Cyprus exported services to Israel worth $145M, with Transportation ($86M), Travel ($32.1M), and Other business services ($13.2M) being the largest in terms of value.

Comparison In 2023,  Israel ranked 19 in the Economic Complexity Index (ECI 1.28),  and 49 in total exports ($69.3B). 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
Value

In 2023, Israel exported $671M to Cyprus. The main products exported from Israel to Cyprus were Refined Petroleum ($586M), Planes, Helicopters, and/or Spacecraft ($11.7M), and Basketwork ($6.86M). During the last 5 years the exports of Israel to Cyprus have increased at an annualized rate of 0.14%, from $666M in 2018 to $671M in 2023.

In 2018, Cyprus exported $135M to Israel. The main products exported from Cyprus to Israel were Cement ($54.8M), Non-fillet Fresh Fish ($20.7M), and Gypsum ($15.3M). During the last 5 years the exports of Cyprus to Israel have decreased at an annualized rate of 1.14%, from $143M in 2023 to $135M in 2018.

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

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

Latest Data

Trade between Israel (Flag) and Cyprus (Flag)

Israel Exports

Cyprus Exports

Market Competitiveness

Color
Israel
Top Destination
United States$20.3B
Cyprus
Top Destination
Libya$775M

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

In 2023, countries that imported more from Israel than Cyprus included United States ($20.3B), China ($7.09B), and Ireland ($4.22B).

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

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

Comparative Advantage Israel - Cyprus

Flow
Scale

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

During 2023, Israel had a large net trade with Cyprus in the exports of Mineral Products ($586M), Transportation ($20M), and Machines ($13.5M).

During 2018, Cyprus had a large net trade with Israel in the exports of Mineral Products ($80.5M), Animal Products ($24.7M), and Machines ($6.21M).

Economic Complexity

Competitive Landscape

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

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

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