Marshall Islands (MHL) and Cyprus (CYP) Trade | The Observatory of Economic Complexity

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Marshall Islands-Cyprus Trade: In 2022, Marshall Islands exported $12.6M to Cyprus. The main products that Marshall Islands exported to Cyprus were Passenger and Cargo Ships ($10.3M), Tug Boats ($1.77M), and Recreational Boats ($527k). Over the past 5 years the exports of Marshall Islands to Cyprus have decreased at an annualized rate of 25.8%, from $56.1M in 2017 to $12.6M in 2022.

In 2022, Marshall Islands did not export any services to Cyprus.

Cyprus-Marshall Islands Trade: In 2022, Cyprus exported $173M to Marshall Islands. The main products that Cyprus exported to Marshall Islands were Passenger and Cargo Ships ($173M) and Tug Boats ($498k). Over the past 5 years the exports of Cyprus to Marshall Islands have increased at an annualized rate of 3.02%, from $149M in 2017 to $173M in 2022.

In 2022, Cyprus did not export any services to Marshall Islands.

Comparison In 2022, Marshall Islands ranked 160 in total exports ($1.1B). That same year, Cyprus ranked 125 in total exports ($4.91B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Marshall Islands exported $12.6M to Cyprus. The main products exported from Marshall Islands to Cyprus were Passenger and Cargo Ships ($10.3M), Tug Boats ($1.77M), and Recreational Boats ($527k). During the last 5 years the exports of Marshall Islands to Cyprus have decreased at an annualized rate of 25.8%, from $56.1M in 2017 to $12.6M in 2022.

In 2017, Cyprus exported $173M to Marshall Islands. The main products exported from Cyprus to Marshall Islands were Passenger and Cargo Ships ($173M) and Tug Boats ($498k). During the last 5 years the exports of Cyprus to Marshall Islands have increased at an annualized rate of 3.02%, from $149M in 2022 to $173M in 2017.

Exports from Marshall Islands () to Cyprus () (2022)

Exports from Cyprus () to Marshall Islands () (2022)

Latest Data

Trade between Marshall Islands () and Cyprus ()

Cyprus Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Marshall Islands
Top DestinationGermany$327M

Cyprus
Top DestinationHong Kong$482M

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

In 2022, countries that imported more from Marshall Islands than Cyprus included Germany ($327M), Denmark ($159M), and Indonesia ($58.1M).

In 2022, countries that imported more from Cyprus than Marshall Islands included Hong Kong ($482M), Greece ($471M), and Lebanon ($329M).

Difference in imports from Cyprus () and Marshall Islands () (2022)

Comparative Advantage Marshall Islands - Cyprus

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Marshall Islands had a large net trade with Cyprus in the exports of Transportation ($12.6M).

During 2017, Cyprus had a large net trade with Marshall Islands in the exports of Transportation ($173M).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Marshall Islands () to Cyprus () (2022)

Exports from Cyprus () to Marshall Islands () (2022)

Latest Data

Trade between Marshall Islands () and Cyprus ()

Cyprus Exports

Market Competitiveness

Difference in imports from Cyprus () and Marshall Islands () (2022)

Comparative Advantage Marshall Islands - Cyprus

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Marshall Islands () and Cyprus () (2022)

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