Malta / Cyprus

Malta-Cyprus Trade: In 2023, Malta exported $67.5M to Cyprus. The main products that Malta exported to Cyprus were Passenger and Cargo Ships ($38.8M), Refined Petroleum ($18.2M), and Recreational Boats ($4.29M). Over the past 5 years the exports of Malta to Cyprus have increased at an annualized rate of 24.4%, from $22.7M in 2018 to $67.5M in 2023.

In 2020, Malta exported services to Cyprus worth $0, with being the largest in terms of value.

Cyprus-Malta Trade: In 2023, Cyprus exported $17.9M to Malta. The main products that Cyprus exported to Malta were Packaged Medicaments ($5.33M), Bitumen and asphalt ($2.43M), and Fruit Juice ($1.2M). Over the past 5 years the exports of Cyprus to Malta have increased at an annualized rate of 2.09%,  from $16.2M in 2018 to $17.9M in 2023.

In 2020, Cyprus exported services to Malta worth $107M, with Transportation ($103M), Financial services ($3.43M), and Other business services ($1.14M) being the largest in terms of value.

Comparison In 2023,  Malta ranked 112 in total exports ($8.21B). That same year, Cyprus ranked 126 in total exports ($5.7B). Both countries does not have data related to Economic Complexity Index.