2022
Flag  
GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 141 / 186
2022
Flag
 GDP
$28.4BCURRENT US$
Rnk 105 / 186
2012-2022
Flag
GDP GROWTH
13.5%CURRENT US$
Rnk 138 / 186
2022
Flag
GDP PC 
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC
$31,284CURRENT US$
Rnk 36 / 186
2012-2022
Flag
GDP PC GROWTH
7.9%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.

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 Destination
Germany$78.1B
Cyprus
Top Destination
Hong 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).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Cyprus+N/AN/A
Top Product Potential Cyprus Norway+N/AN/A

N/A

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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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