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2023
Flag → Flag
Exports $57.5MRnk 72 / 211
2023
Flag → Flag
Top Product $5.33MCoal Tar Oil
2023
Flag → Flag
Exports $15.5MRnk 47 / 196
2023
Flag → Flag
Top Product $4.88MPackaged Medicaments
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
 GDP$33.9BCURRENT US$
Rnk 106 / 195
2013-2023
Flag
GDP GROWTH41.4%CURRENT US$
Rnk 91 / 195
2023
Flag
GDP PC $27,331CURRENT US$
Rnk 50 / 195
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195
2023
Flag
GDP PC$36,551CURRENT US$
Rnk 35 / 196
2013-2023
Flag
GDP PC GROWTH31.5%CURRENT US$
Rnk 76 / 195

About

Portugal-Cyprus Trade: In 2023, Portugal exported $57.5M to Cyprus. The main products that Portugal exported to Cyprus were Coal Tar Oil ($5.33M), Packaged Medicaments ($3.92M), and Uncoated Paper ($3.07M). Over the past 5 years the exports of Portugal to Cyprus have increased at an annualized rate of 4.7%, from $45.7M in 2018 to $57.5M in 2023.

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 2023, Cyprus exported $15.5M to Portugal. The main products that Cyprus exported to Portugal were Packaged Medicaments ($4.88M), Inedible Fats and Oils ($1.72M), and Plastic Building Materials ($1.6M). Over the past 5 years the exports of Cyprus to Portugal have decreased at an annualized rate of 0.59%,  from $15.9M in 2018 to $15.5M in 2023.

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 2023,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57),  and 46 in total exports ($83B). That same year, Cyprus ranked 126 in total exports ($5.7B), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, Portugal exported €9.45M and imported €1.02M from Cyprus, resulting in a positive trade balance of €8.43M. Between November 2023 and November 2024 the exports of Portugal have increased by €4.49M (90.4%) from €4.96M to €9.45M, while imports increased by €318k (45.5%) from €698k to €1.02M.

Trade In November 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 November 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 November 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 November 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 (November 2023 - November 2024)€4.49M(90.4%)
IMPORT GROWTH (November 2023 - November 2024)€318k(45.5%)

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $57.5M to Cyprus. The main products exported from Portugal to Cyprus were Coal Tar Oil ($5.33M), Packaged Medicaments ($3.92M), and Uncoated Paper ($3.07M). During the last 5 years the exports of Portugal to Cyprus have increased at an annualized rate of 4.7%, from $45.7M in 2018 to $57.5M in 2023.

In 2018, Cyprus exported $15.5M to Portugal. The main products exported from Cyprus to Portugal were Packaged Medicaments ($4.88M), Inedible Fats and Oils ($1.72M), and Plastic Building Materials ($1.6M). During the last 5 years the exports of Cyprus to Portugal have decreased at an annualized rate of 0.59%, from $15.9M in 2023 to $15.5M in 2018.

Exports from Portugal (Flag) to Cyprus (Flag) (2023)

Exports from Cyprus (Flag) to Portugal (Flag) (2023)

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Cyprus
Top DestinationLibya$775M

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 2023, countries that imported more from Portugal than Cyprus included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

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

Difference in imports from Cyprus (Flag) and Portugal (Flag) (2023)

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 2023, Portugal had a large net trade with Cyprus in the exports of Chemical Products ($8.77M), Machines ($8.62M), and Foodstuffs ($5.36M).

During 2018, Cyprus had a large net trade with Portugal in the exports of Chemical Products ($5.04M), Plastics and Rubbers ($2.24M), and Animal and Vegetable Bi-Products ($1.72M).

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) (2023)

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