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2022
Flag → Flag
Exports $50.3MRnk 72 / 208
2022
Flag → Flag
Top Product $6.76MCars
2022
Flag → Flag
Exports $22.1MRnk 39 / 194
2022
Flag → Flag
Top Product $5.11MBovine Meat
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$28.4BCURRENT US$
Rnk 105 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 138 / 186
2022
Flag
GDP PC $24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186
2022
Flag
GDP PC$31,284CURRENT US$
Rnk 36 / 186
2012-2022
Flag
GDP PC GROWTH7.9%CURRENT US$
Rnk 123 / 186

About

Portugal-Cyprus Trade: In 2022, Portugal exported $50.3M to Cyprus. The main products that Portugal exported to Cyprus were Cars ($6.76M), Uncoated Paper ($3.36M), and Other Electrical Machinery ($2.78M). Over the past 5 years the exports of Portugal to Cyprus have decreased at an annualized rate of 1.72%, from $54.9M in 2017 to $50.3M in 2022.

In 2020, Portugal exported services to Cyprus worth $6.85M, with Travel ($6.85M) being the largest in terms of value.

Cyprus-Portugal Trade: In 2022, Cyprus exported $22.1M to Portugal. The main products that Cyprus exported to Portugal were Bovine Meat ($5.11M), Packaged Medicaments ($3.5M), and Inedible Fats and Oils ($2.25M). Over the past 5 years the exports of Cyprus to Portugal have increased at an annualized rate of 22.5%,  from $8.02M in 2017 to $22.1M in 2022.

In 2020, Cyprus exported services to Portugal worth $18.3M, with Transportation ($11.4M), Financial services ($4.57M), and Other business services ($2.28M) being the largest in terms of value.

Comparison In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57),  and 48 in total exports ($81.7B). That same year, Cyprus ranked 125 in total exports ($4.91B), and does not have data regarding Economic Complexity Index.

Latest Trends

September, 2024

About

Overview In September 2024, Portugal exported €14.1M and imported €1.23M from Cyprus, resulting in a positive trade balance of €12.8M. Between September 2023 and September 2024 the exports of Portugal have increased by €11M (352%) from €3.11M to €14.1M, while imports increased by €383k (45.1%) from €848k to €1.23M.

Trade In September 2024, the top exports of Portugal to Cyprus were Electrical machinery and electronics (€658k), Cars, tractors, trucks & parts thereof. (€569k), Plastics & articles thereof (€346k), Machinery, mechanical appliances, & parts (€345k), and Pharmaceutical products (€270k). In September 2024 the top imports of Portugal from Cyprus were Meat & edible offal (€1M), Plastics & articles thereof (€320k), Explosives, matches, & fireworks (€254k), Pharmaceutical products (€181k), and Animal or vegetable fats, oils, &... (€132k).

Growth In September 2024, the increase in Portugal's year-by-year exports to Cyprus was explained primarily by an increase in product exports in Electrical machinery and electronics (€509k or 343%), Cars, tractors, trucks & parts thereof. (€233k or 69.1%), and Pharmaceutical products (€186k or 221%). In September 2024, the increase in Portugal's year-by-year imports  from Cyprus was explained primarily by an increase in product imports  in Meat & edible offal (€649k or 182%), Plastics & articles thereof (€148k or 85.3%), and Beverages, spirits, & vinegar (€82k or 303%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (September 2023 - September 2024)€11M(352%)
IMPORT GROWTH (September 2023 - September 2024)€383k(45.1%)

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

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

For full datasets download visit Bulk Download page.

Explore Cyprus and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $50.3M to Cyprus. The main products exported from Portugal to Cyprus were Cars ($6.76M), Uncoated Paper ($3.36M), and Other Electrical Machinery ($2.78M). During the last 5 years the exports of Portugal to Cyprus have decreased at an annualized rate of 1.72%, from $54.9M in 2017 to $50.3M in 2022.

In 2017, Cyprus exported $22.1M to Portugal. The main products exported from Cyprus to Portugal were Bovine Meat ($5.11M), Packaged Medicaments ($3.5M), and Inedible Fats and Oils ($2.25M). During the last 5 years the exports of Cyprus to Portugal have increased at an annualized rate of 22.5%, from $8.02M in 2022 to $22.1M in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Cyprus
Top DestinationHong Kong$482M

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

In 2022, countries that imported more from Portugal than Cyprus included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

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

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

Comparative Advantage Portugal - Cyprus

Flow
Scale

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

During 2022, Portugal had a large net trade with Cyprus in the exports of Machines ($9.5M), Transportation ($8.11M), and Paper Goods ($5.29M).

During 2017, Cyprus had a large net trade with Portugal in the exports of Animal Products ($5.49M), Chemical Products ($3.97M), and Plastics and Rubbers ($2.89M).

Bilateral Service Trade

In 2020, Portugal exported services to Cyprus worth $6.85M, with Travel ($6.85M) being the largest in terms of value.

In 2020, Cyprus exported services to Portugal worth $18.3M, with Transportation ($11.4M), Financial services ($4.57M), and Other business services ($2.28M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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