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Pricing

2022
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Exports $1.36BRnk 58 / 221
2022
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Top Product $416MRefined Petroleum
2022
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Exports $90.3MRnk 16 / 194
2022
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Top Product $8.03MBase Metal Watches
2022
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Economic Complexity (ECI) ECI 1.24Rnk 18 / 124
2022
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GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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 GDP$28.4BCURRENT US$
Rnk 105 / 186
2012-2022
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GDP GROWTH13.5%CURRENT US$
Rnk 138 / 186
2022
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GDP PC $34,158CURRENT US$
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2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 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

Italy-Cyprus In 2022, Italy exported $1.36B to Cyprus. The main products that Italy exported to Cyprus are Refined Petroleum ($416M), Raw Iron Bars ($63.2M), and Recreational Boats ($58.3M). During the last 27 years the exports of Italy to Cyprus have increased at an annualized rate of 4.71%, from $393M in 1995 to $1.36B in 2022.

In 2020, Italy exported services to Cyprus worth $56M, with Communications services ($27.5M), Transportation ($12.4M), and Other business services ($6.97M) being the largest in terms of value.

Cyprus-Italy In 2022, Cyprus exported $90.3M to Italy. The main products that Cyprus exported to Italy were Base Metal Watches ($8.03M), Planes, Helicopters, and/or Spacecraft ($5.8M), and Hard Liquor ($5M). During the last 27 years the exports of Cyprus to Italy have increased at an annualized rate of 5.44%, from $21.6M in 1995 to $90.3M in 2022.

In 2020, Cyprus exported services to Italy worth $131M, with Financial services ($122M), Other business services ($4.57M), and Transportation ($3.43M) being the largest in terms of value.

Comparison In 2022,  Italy ranked 18 in the Economic Complexity Index (ECI 1.24),  and 7 in total exports ($634B). That same year, Cyprus ranked 125 in total exports ($4.91B), and does not have data regarding Economic Complexity Index.

Latest Trends

N/A

About

Overview In N/A, Italy exported €N/A and imported €N/A from Cyprus, resulting in a N/A trade balance of €N/A. Between N/A and N/A the exports of Italy have N/A by €N/A (N/A) from €N/A to €N/A, while imports N/A by €N/A (N/A) from €N/A to €N/A.

Trade In N/A, the top exports of Italy to Cyprus were Refined Petroleum (€20.5M), Packaged Medicaments (€3.78M), Raw Iron Bars (€2.77M), Cars (€2.2M), and Unglazed Ceramics (€1.7M). In N/A the top imports of Italy from Cyprus were Rolled Tobacco (€4.74M), Other Edible Preparations (€2.85M), Hard Liquor (€174k), and Yeast (€35.6k).

Growth In N/A, the N/A in Italy's year-by-year exports to Cyprus was explained primarily by an decrease in product exports in Integrated Circuits (€-396k or -97.6%), Unglazed Ceramics (€-385k or -18.5%), and Safety Glass (€-64.9k or -58.6%). In N/A, the N/A in Italy's year-by-year imports  from Cyprus was explained primarily by an decrease in product imports  in .

Latest Trade

Flow
Time Scale
Depth
Value

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

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

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $1.36B to Cyprus. The main products exported from Italy to Cyprus were Refined Petroleum ($416M), Raw Iron Bars ($63.2M), and Recreational Boats ($58.3M). During the last 27 years the exports of Italy to Cyprus have increased at an annualized rate of 4.71%, from $393M in 1995 to $1.36B in 2022.

In 2022, Cyprus exported $90.3M to Italy. The main products exported from Cyprus to Italy were Base Metal Watches ($8.03M), Planes, Helicopters, and/or Spacecraft ($5.8M), and Hard Liquor ($5M). During the last 27 years the exports of Cyprus to Italy have increased at an annualized rate of 5.44%, from $21.6M in 1995 to $90.3M in 2022.

Exports from Italy (Flag) to Cyprus (Flag) (2022)

Exports from Cyprus (Flag) to Italy (Flag) (2022)

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Cyprus
Top DestinationHong Kong$482M

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

In 2021, countries that imported more from Italy than Cyprus were Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2021, countries that imported more from Cyprus than Italy were Liberia ($255M) and Seychelles ($70.8M).

Difference in imports from Cyprus (Flag) and Italy (Flag) (2022)

Comparative Advantage Italy - Cyprus

Flow
Scale

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

During 2022, Italy had a large net trade with Cyprus in the exports of Mineral Products ($421M), Transportation ($159M), and Machines ($137M).

During 2022, Cyprus had a large net trade with Italy in the exports of Transportation ($13.1M), Machines ($11.5M), and Vegetable Products ($10.1M).

Service Trade

Bilateral Service Trade

In 2020, Italy exported services to Cyprus worth $56M, with Communications services ($27.5M), Transportation ($12.4M), and Other business services ($6.97M) being the largest in terms of value.

In 2020, Cyprus exported services to Italy worth $131M, with Financial services ($122M), Other business services ($4.57M), and Transportation ($3.43M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Cyprus (Flag) to Italy (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 Italy has comparative advantage over Cyprus. Similarly, the more yellow a dot/product is, the more Cyprus has comparative advantage over Italy.

Product Space of Italy (Flag) and Cyprus (Flag) (2022)

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