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2023
Flag → Flag
Exports $63.1MRnk 102 / 142
2023
Flag → Flag
Top Product $39.4MCars
2023
Flag → Flag
Exports $41.6MRnk 25 / 196
2023
Flag → Flag
Top Product $31MOther Sea Vessels
2023
Flag
Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
Flag  
GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
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GDP GROWTH25%CURRENT US$
Rnk 127 / 195
2023
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 GDP$33.9BCURRENT US$
Rnk 106 / 195
2013-2023
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GDP GROWTH41.4%CURRENT US$
Rnk 91 / 195
2023
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GDP PC $33,121CURRENT US$
Rnk 41 / 195
2013-2023
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GDP PC GROWTH21.9%CURRENT US$
Rnk 99 / 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

South Korea-Cyprus Trade: In 2023, South Korea exported $63.1M to Cyprus. The main products that South Korea exported to Cyprus were Cars ($39.4M), Electric Batteries ($5.41M), and Beauty Products ($1.8M). Over the past 5 years the exports of South Korea to Cyprus have decreased at an annualized rate of 43.4%, from $1.08B in 2018 to $63.1M in 2023.

In 2023, South Korea did not export any services to Cyprus.

Cyprus-South Korea Trade: In 2023, Cyprus exported $41.6M to South Korea. The main products that Cyprus exported to South Korea were Other Sea Vessels ($31M), Liquid Dispersing Machines ($2.43M), and Packaged Medicaments ($2.42M). Over the past 5 years the exports of Cyprus to South Korea have decreased at an annualized rate of 15%,  from $94M in 2018 to $41.6M in 2023.

In 2020, Cyprus exported services to South Korea worth $3.43M, with Transportation ($3.43M) being the largest in terms of value.

Comparison In 2023,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.85),  and 5 in total exports ($645B). That same year, Cyprus ranked 126 in total exports ($5.7B), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2024

About

Overview In December 2024, South Korea exported $8.15M and imported $229k from Cyprus, resulting in a positive trade balance of $7.92M. Between December 2023 and December 2024 the exports of South Korea have increased by $1.82M (28.8%) from $6.33M to $8.15M, while imports decreased by $-233k (-50.4%) from $462k to $229k.

Trade In December 2024, the top exports of South Korea to Cyprus were Cars, tractors, trucks & parts thereof. ($3.65M), Electrical machinery and electronics ($631k), Perfumery & cosmetics ($178k), Pharmaceutical products ($175k), and Optical, photo, & film equipment; medical... ($167k). In December 2024 the top imports of South Korea from Cyprus were Machinery, mechanical appliances, & parts ($362k), Copper articles ($205k), Ships, boats, & floating structures ($59k), Perfumery & cosmetics ($47k), and Preparations of vegetables, fruit, nuts or... ($4k).

Growth In December 2024, the increase in South Korea's year-by-year exports to Cyprus was explained primarily by an increase in product exports in Perfumery & cosmetics ($119k or 202%), Pharmaceutical products ($109k or 165%), and Cars, tractors, trucks & parts thereof. ($94k or 2.65%). In December 2024, the decrease in South Korea's year-by-year imports  from Cyprus was explained primarily by an decrease in product imports  in Pharmaceutical products ($-420k or -100%), Copper articles ($-407k or -66.5%), and Electrical machinery and electronics ($-3k or -100%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$1.82M(28.8%)
IMPORT GROWTH (December 2023 - December 2024)$-233k(-50.4%)

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

To check Cyprus and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Cyprus and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, South Korea exported $63.1M to Cyprus. The main products exported from South Korea to Cyprus were Cars ($39.4M), Electric Batteries ($5.41M), and Beauty Products ($1.8M). During the last 5 years the exports of South Korea to Cyprus have decreased at an annualized rate of 43.4%, from $1.08B in 2018 to $63.1M in 2023.

In 2018, Cyprus exported $41.6M to South Korea. The main products exported from Cyprus to South Korea were Other Sea Vessels ($31M), Liquid Dispersing Machines ($2.43M), and Packaged Medicaments ($2.42M). During the last 5 years the exports of Cyprus to South Korea have decreased at an annualized rate of 15%, from $94M in 2023 to $41.6M in 2018.

Exports from South Korea (Flag) to Cyprus (Flag) (2023)

Exports from Cyprus (Flag) to South Korea (Flag) (2023)

Market Competitiveness

Color
South Korea
Top DestinationChina$162B
Cyprus
Top DestinationLibya$775M

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

In 2023, countries that imported more from South Korea than Cyprus included China ($162B), United States ($118B), and Hong Kong ($28.8B).

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

Difference in imports from Cyprus (Flag) and South Korea (Flag) (2023)

Comparative Advantage South Korea - Cyprus

Flow
Scale

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

During 2023, South Korea had a large net trade with Cyprus in the exports of Transportation ($40.9M), Machines ($10.1M), and Plastics and Rubbers ($3.94M).

During 2018, Cyprus had a large net trade with South Korea in the exports of Transportation ($31.2M), Chemical Products ($3.14M), and Machines ($3.11M).

Bilateral Service Trade

In 2020, Cyprus exported services to South Korea worth $3.43M, with Transportation ($3.43M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Cyprus (Flag) to South Korea (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of South Korea (Flag) and Cyprus (Flag) (2023)

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