Mexico (MEX) and Cyprus (CYP) Trade | The Observatory of Economic Complexity

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Mexico-Cyprus Trade: In 2022, Mexico exported $6.37M to Cyprus. The main products that Mexico exported to Cyprus were Beer ($1.29M), Orthopedic Appliances ($960k), and Industrial Fatty Acids, Oils and Alcohols ($915k). Over the past 5 years the exports of Mexico to Cyprus have decreased at an annualized rate of 1.05%, from $6.71M in 2017 to $6.37M in 2022.

In 2022, Mexico did not export any services to Cyprus.

Cyprus-Mexico Trade: In 2022, Cyprus exported $11.9M to Mexico. The main products that Cyprus exported to Mexico were Packaged Medicaments ($10.5M), Video Displays ($457k), and Plastic Pipes ($375k). Over the past 5 years the exports of Cyprus to Mexico have increased at an annualized rate of 24.1%, from $4.04M in 2017 to $11.9M in 2022.

In 2019, Cyprus exported services to Mexico worth $1.12M, with Financial services ($1.12M) being the largest in terms of value.

Comparison In 2022, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B). That same year, Cyprus ranked 125 in total exports ($4.91B), 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 2022, Mexico exported $6.37M to Cyprus. The main products exported from Mexico to Cyprus were Beer ($1.29M), Orthopedic Appliances ($960k), and Industrial Fatty Acids, Oils and Alcohols ($915k). During the last 5 years the exports of Mexico to Cyprus have decreased at an annualized rate of 1.05%, from $6.71M in 2017 to $6.37M in 2022.

In 2017, Cyprus exported $11.9M to Mexico. The main products exported from Cyprus to Mexico were Packaged Medicaments ($10.5M), Video Displays ($457k), and Plastic Pipes ($375k). During the last 5 years the exports of Cyprus to Mexico have increased at an annualized rate of 24.1%, from $4.04M in 2022 to $11.9M in 2017.

Exports from Mexico () to Cyprus () (2022)

Exports from Cyprus () to Mexico () (2022)

Latest Data

Trade between Mexico () and Cyprus ()

Mexico Exports

Date

Cyprus Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mexico
Top DestinationUnited States$421B

Cyprus
Top DestinationHong Kong$482M

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

In 2022, countries that imported more from Mexico than Cyprus included United States ($421B), Canada ($22.2B), and China ($12.7B).

In 2022, countries that imported more from Cyprus than Mexico included Greece ($471M), Liberia ($255M), and Lebanon ($329M).

Difference in imports from Cyprus () and Mexico () (2022)

Comparative Advantage Mexico - Cyprus

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Mexico had a large net trade with Cyprus in the exports of Foodstuffs ($1.94M), Machines ($1.64M), and Instruments ($1.16M).

During 2017, Cyprus had a large net trade with Mexico in the exports of Chemical Products ($10.5M), Machines ($651k), and Plastics and Rubbers ($375k).

Bilateral Service Trade

Cyp Year

In 2019, Cyprus exported services to Mexico worth $1.12M, with Financial services ($1.12M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Cyprus () to Mexico () (2019)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Mexico () to Cyprus () (2022)

Exports from Cyprus () to Mexico () (2022)

Latest Data

Trade between Mexico () and Cyprus ()

Mexico Exports

Cyprus Exports

Market Competitiveness

Difference in imports from Cyprus () and Mexico () (2022)

Comparative Advantage Mexico - Cyprus

Bilateral Service Trade

Services Exports from Cyprus () to Mexico () (2019)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Mexico () and Cyprus () (2022)

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