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Pricing

2022
Flag → Flag
Exports $198MRnk 82 / 138
2022
Flag → Flag
Top Product $111MCoal Tar Oil
2022
Flag → Flag
Exports $2.37MRnk 26 / 194
2022
Flag → Flag
Top Product $35.1MPlanes, Helicopters, and/or Spacecraft
2022
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Economic Complexity (ECI) ECI 0.42Rnk 45 / 124
2022
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GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
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GDP GROWTH1.45%CURRENT US$
Rnk 164 / 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 $15,345CURRENT US$
Rnk 63 / 186
2012-2022
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GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 186
2022
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GDP PC$31,284CURRENT US$
Rnk 36 / 186
2012-2022
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GDP PC GROWTH7.9%CURRENT US$
Rnk 123 / 186

About

Russia-Cyprus In 2022, Russia exported $198M to Cyprus. The main products that Russia exported to Cyprus are Coal Tar Oil ($111M), Refined Petroleum ($34.5M), and Tug Boats ($23.5M). During the last 27 years the exports of Russia to Cyprus have increased at an annualized rate of 1.53%, from $131M in 1995 to $198M in 2022.

In 2020, Russia exported services to Cyprus worth $3.15B, with Transportation ($1.61B), Other business services ($542M), and Computer and information services ($420M) being the largest in terms of value.

Cyprus-Russia In 2022, Cyprus exported $43.8M to Russia. The main products that Cyprus exported to Russia were Planes, Helicopters, and/or Spacecraft ($35.1M), Tug Boats ($4.64M), and Packaged Medicaments ($1.64M). During the last 27 years the exports of Cyprus to Russia have decreased at an annualized rate of 4.86%, from $168M in 1995 to $43.8M in 2022.

In 2020, Cyprus exported services to Russia worth $2.74B, with Financial services ($1.73B), Transportation ($447M), and Computer and information services ($404M) being the largest in terms of value.

Comparison In 2022,  Russia ranked 45 in the Economic Complexity Index (ECI 0.42),  and 12 in total exports ($486B). That same year, Cyprus ranked 125 in total exports ($4.91B), and does not have data regarding Economic Complexity Index.

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $5.57M and imported $489k from Cyprus, resulting in a positive trade balance of $5.08M. Between January 2021 and January 2022 the exports of Russia have decreased by $-12.6M (-69.3%) from $18.2M to $5.57M, while imports increased by $224k (84.9%) from $264k to $489k.

Trade In January 2022, the top exports of Russia to Cyprus were Tug Boats ($12.9M), Other Vegetable Residues ($1.04M), Starch Residue ($963k), Carbonates ($805k), and Corn ($624k). In January 2022 the top imports of Russia from Cyprus were Packaged Medicaments ($93.2k), Other toys ($90.1k), Other live plants, cuttings and slips; mushroom... ($34.3k), Perfume Plants ($30.6k), and Centrifuges ($11.8k).

Origins In January 2022 the exports of Russia were mainly from ROSTOV REGION ($2.02M), MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($497k), MOSCOW REGION ($446k), REPUBLIC OF BASHKORTOSTAN ($421k), and LENINGRAD REGION ($329k), while imports destinations were mainly MOSCOW REGION ($451k), ST. PETERSBURG ($27.5k), MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($9.07k), SMOLENSK REGION ($593), and UDMURTIAN REPUBLIC ($53.5).

Growth In January 2022, the decrease in Russia's year-by-year exports to Cyprus was explained primarily by an decrease in product exports in Coal Briquettes ($-2.5M or -99.5%), Raw Aluminium ($-987k or -64.4%), and Refined Petroleum ($-111k or -78.7%). In January 2022, the increase in Russia's year-by-year imports  from Cyprus was explained primarily by an increase in product imports  in Centrifuges ($4.47k or 61%) and Integrated Circuits ($137 or 7.84k%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2021 - January 2022)$-12.6M(-69.3%)
IMPORT GROWTH (January 2021 - January 2022)$224k(84.9%)
MAIN EXPORTER (January 2022)ROSTOV REGION$2.02M

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

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

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Russia exported $198M to Cyprus. The main products exported from Russia to Cyprus were Coal Tar Oil ($111M), Refined Petroleum ($34.5M), and Tug Boats ($23.5M). During the last 27 years the exports of Russia to Cyprus have increased at an annualized rate of 5.69%, from $7.38M in 1995 to $198M in 2022.

In 2022, Cyprus exported $43.8M to Russia. The main products exported from Cyprus to Russia were Planes, Helicopters, and/or Spacecraft ($35.1M), Tug Boats ($4.64M), and Packaged Medicaments ($1.64M). During the last 27 years the exports of Cyprus to Russia have decreased at an annualized rate of 6.22%, from $465k in 1995 to $43.8M in 2022.

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

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

Market Competitiveness

Color
Russia
Top DestinationChina$101B
Cyprus
Top DestinationHong Kong$482M

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

In 2021, countries that imported more from Russia than Cyprus were China ($101B), India ($40.4B), and Germany ($27.7B).

In 2021, countries that imported more from Cyprus than Russia were Liberia ($255M), Marshall Islands ($173M), and Libya ($133M).

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

Comparative Advantage Russia - Cyprus

Flow
Scale

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

During 2022, Russia had a large net trade with Cyprus in the exports of Mineral Products ($156M), Transportation ($24M), and Vegetable Products ($5.26M).

During 2022, Cyprus had a large net trade with Russia in the exports of Transportation ($39.7M), Chemical Products ($1.71M), and Instruments ($1.15M).

Service Trade

Bilateral Service Trade

In 2020, Russia exported services to Cyprus worth $3.15B, with Transportation ($1.61B), Other business services ($542M), and Computer and information services ($420M) being the largest in terms of value.

In 2020, Cyprus exported services to Russia worth $2.74B, with Financial services ($1.73B), Transportation ($447M), and Computer and information services ($404M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Russia has comparative advantage over Cyprus. Similarly, the more yellow a dot/product is, the more Cyprus has comparative advantage over Russia.

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

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