Norway (NOR) and Cyprus (CYP) Trade | The Observatory of Economic Complexity

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Norway-Cyprus Trade: In 2023, Norway exported $85.1M to Cyprus. The main products that Norway exported to Cyprus were Tug Boats ($49.2M), Passenger and Cargo Ships ($11.5M), and Excavation Machinery ($5.9M). Over the past 5 years the exports of Norway to Cyprus have increased at an annualized rate of 8.28%, from $57.2M in 2018 to $85.1M in 2023.

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 2023, Cyprus exported $67.6M to Norway. The main products that Cyprus exported to Norway were Tug Boats ($32.8M), Passenger and Cargo Ships ($23.2M), and Sculptures ($2.44M). Over the past 5 years the exports of Cyprus to Norway have decreased at an annualized rate of 25.1%, from $288M in 2018 to $67.6M in 2023.

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 2023, Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B). That same year, Cyprus ranked 126 in total exports ($5.7B), and does not have data regarding Economic Complexity Index.

Latest Trends

January, 2025

About

Overview In January 2025, Norway exported NOK28.2M and imported NOK12.9M from Cyprus, resulting in a positive trade balance of NOK15.3M. Between January 2024 and January 2025 the exports of Norway have increased by NOK17.8M (171%) from NOK10.4M to NOK28.2M, while imports increased by NOK8.01M (163%) from NOK4.93M to NOK12.9M.

Trade In January 2025, the top exports of Norway to Cyprus were General industrial machinery and equipment, n.e.s.,... (NOK4.44M), Professional, scientific and controlling instruments and... (NOK1.57M), Telecommunications and sound-recording and reproducing apparatus... (NOK1.09M), Power-generating machinery and equipment (NOK941k), and Manufactures of metals, n.e.s. (NOK539k). In January 2025 the top imports of Norway from Cyprus were Electrical machinery, apparatus and appliances, n.e.s.,... (NOK855k), Other transport equipment (NOK773k), General industrial machinery and equipment, n.e.s.,... (NOK643k), Dairy products and birds' eggs (NOK627k), and Power-generating machinery and equipment (NOK540k).

Growth In January 2025, the increase in Norway's year-by-year exports to Cyprus was explained primarily by an increase in product exports in General industrial machinery and equipment, n.e.s.,... (NOK2.81M or 172%), Telecommunications and sound-recording and reproducing apparatus... (NOK901k or 477%), and Power-generating machinery and equipment (NOK767k or 441%). In January 2025, the increase in Norway's year-by-year imports from Cyprus was explained primarily by an increase in product imports in Power-generating machinery and equipment (NOK536k or 13.4k%), Machinery specialized for particular industries (NOK197k or 75.2%), and Vegetables and fruit (NOK156k or 141%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2024 - January 2025)NOK17.8M(171%)

IMPORT GROWTH (January 2024 - January 2025)NOK8.01M(163%)

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.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Norway exported $85.1M to Cyprus. The main products exported from Norway to Cyprus were Tug Boats ($49.2M), Passenger and Cargo Ships ($11.5M), and Excavation Machinery ($5.9M). During the last 5 years the exports of Norway to Cyprus have increased at an annualized rate of 8.28%, from $57.2M in 2018 to $85.1M in 2023.

In 2018, Cyprus exported $67.6M to Norway. The main products exported from Cyprus to Norway were Tug Boats ($32.8M), Passenger and Cargo Ships ($23.2M), and Sculptures ($2.44M). During the last 5 years the exports of Cyprus to Norway have decreased at an annualized rate of 25.1%, from $288M in 2023 to $67.6M in 2018.

Exports from Norway () to Cyprus () (2023)

Exports from Cyprus () to Norway () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Norway
Top DestinationGermany$33.8B

Cyprus
Top DestinationLibya$775M

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 2023, countries that imported more from Norway than Cyprus included Germany ($33.8B), United Kingdom ($32.6B), and Sweden ($15.9B).

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

Difference in imports from Cyprus () and Norway () (2023)

Comparative Advantage Norway - Cyprus

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Norway had a large net trade with Cyprus in the exports of Transportation ($62M), Machines ($11.4M), and Animal Products ($5.22M).

During 2018, Cyprus had a large net trade with Norway in the exports of Transportation ($56.4M), Arts and Antiques ($3.24M), and Machines ($2.86M).

Bilateral Service Trade

Cyp Year

Nor Year

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 () to Cyprus () (2009)

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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.

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Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Norway () to Cyprus () (2023)

Exports from Cyprus () to Norway () (2023)

Market Competitiveness

Difference in imports from Cyprus () and Norway () (2023)

Comparative Advantage Norway - Cyprus

Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Norway () and Cyprus () (2023)

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