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2022
Flag → Flag
Exports $48.4MRnk 75 / 209
2022
Flag → Flag
Top Product $13MPassenger and Cargo Ships
2022
Flag → Flag
Exports $74.5MRnk 17 / 194
2022
Flag → Flag
Top Product $35.6MPaintings
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
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GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 141 / 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 $106,149CURRENT US$
Rnk 3 / 186
2012-2022
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GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
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GDP PC$31,284CURRENT US$
Rnk 36 / 186
2012-2022
Flag
GDP PC GROWTH7.9%CURRENT US$
Rnk 123 / 186

About

Norway-Cyprus Trade: In 2022, Norway exported $48.4M to Cyprus. The main products that Norway exported to Cyprus were Passenger and Cargo Ships ($13M), Prefabricated Buildings ($5.66M), and Surveying Equipment ($4.45M). Over the past 5 years the exports of Norway to Cyprus have decreased at an annualized rate of 19.9%, from $146M in 2017 to $48.4M in 2022.

In 2009, Norway exported services to Cyprus worth $35.3M, with Transportation ($16.9M), Other business services ($8.95M), and Travel ($8.15M) being the largest in terms of value.

Cyprus-Norway Trade: In 2022, Cyprus exported $74.5M to Norway. The main products that Cyprus exported to Norway were Paintings ($35.6M), Passenger and Cargo Ships ($25.3M), and Surveying Equipment ($5.46M). Over the past 5 years the exports of Cyprus to Norway have decreased at an annualized rate of 19.7%,  from $223M in 2017 to $74.5M in 2022.

In 2020, Cyprus exported services to Norway worth $43.4M, with Transportation ($36.6M), Financial services ($3.43M), and Travel ($2.28M) being the largest in terms of value.

Comparison In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54),  and 28 in total exports ($285B). That same year, Cyprus ranked 125 in total exports ($4.91B), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

About

Overview In October 2024, Norway exported NOK25.9M and imported NOK2.65M from Cyprus, resulting in a positive trade balance of NOK23.2M. Between October 2023 and October 2024 the exports of Norway have decreased by NOK-42.4M (-62.1%) from NOK68.3M to NOK25.9M, while imports decreased by NOK-3.78M (-58.8%) from NOK6.42M to NOK2.65M.

Trade In October 2024, the top exports of Norway to Cyprus were Professional, scientific and controlling instruments and... (NOK14.4M), General industrial machinery and equipment, n.e.s.,... (NOK1.63M), Fish (not marine mammals), crustaceans, molluscs... (NOK1.29M), Manufactures of metals, n.e.s. (NOK774k), and Electrical machinery, apparatus and appliances, n.e.s.,... (NOK515k). In October 2024 the top imports of Norway from Cyprus were General industrial machinery and equipment, n.e.s.,... (NOK7.39M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK2.83M), Manufactures of metals, n.e.s. (NOK2.68M), Professional, scientific and controlling instruments and... (NOK1.62M), and Iron and steel (NOK800k).

Growth In October 2024, the decrease in Norway's year-by-year exports to Cyprus was explained primarily by an decrease in product exports in Power-generating machinery and equipment (NOK-1.04M or -85.6%), General industrial machinery and equipment, n.e.s.,... (NOK-274k or -14.4%), and Telecommunications and sound-recording and reproducing apparatus... (NOK-186k or -49.6%). In October 2024, the decrease in Norway's year-by-year imports  from Cyprus was explained primarily by an decrease in product imports  in Dairy products and birds' eggs (NOK-270k or -29.3%), Miscellaneous manufactured articles, n.e.s. (NOK-62k or -88.6%), and Crude animal and vegetable materials, n.e.s. (NOK-45k or -100%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (October 2023 - October 2024)NOK-42.4M(-62.1%)
IMPORT GROWTH (October 2023 - October 2024)NOK-3.78M(-58.8%)

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

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

For full datasets download visit Bulk Download page.

Explore Cyprus and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $48.4M to Cyprus. The main products exported from Norway to Cyprus were Passenger and Cargo Ships ($13M), Prefabricated Buildings ($5.66M), and Surveying Equipment ($4.45M). During the last 5 years the exports of Norway to Cyprus have decreased at an annualized rate of 19.9%, from $146M in 2017 to $48.4M in 2022.

In 2017, Cyprus exported $74.5M to Norway. The main products exported from Cyprus to Norway were Paintings ($35.6M), Passenger and Cargo Ships ($25.3M), and Surveying Equipment ($5.46M). During the last 5 years the exports of Cyprus to Norway have decreased at an annualized rate of 19.7%, from $223M in 2022 to $74.5M in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Cyprus
Top DestinationHong Kong$482M

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

In 2022, countries that imported more from Norway than Cyprus included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2022, countries that imported more from Cyprus than Norway included Lebanon ($329M), Liberia ($255M), and Hong Kong ($482M).

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

Comparative Advantage Norway - Cyprus

Flow
Scale

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

During 2022, Norway had a large net trade with Cyprus in the exports of Transportation ($13.6M), Machines ($13.1M), and Instruments ($6.05M).

During 2017, Cyprus had a large net trade with Norway in the exports of Arts and Antiques ($35.6M), Transportation ($25.6M), and Instruments ($5.51M).

Bilateral Service Trade

In 2009, Norway exported services to Cyprus worth $35.3M, with Transportation ($16.9M), Other business services ($8.95M), and Travel ($8.15M) being the largest in terms of value.

In 2020, Cyprus exported services to Norway worth $43.4M, with Transportation ($36.6M), Financial services ($3.43M), and Travel ($2.28M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Norway (Flag) to Cyprus (Flag) (2009)

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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