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2022
Exports $452MWorld Rnk 46 / 217
Flag Rnk 3 / 1147
2022
Destination $6.57M Vietnam
2021 - 2022
FASTEST GROWING MARKET $6.57MRomania
2022
PRODUCT COMPLEXITY IN Packaged Medicaments0.67Rnk 291 / 1025
2022
Imports $400MWorld Rnk 81 / 224
Flag Rnk 4 / 1204
2022
Origin $13.1M Greece
2021 - 2022
FASTEST GROWING ORIGIN $13.1MItaly

About

Exports In 2022, Cyprus exported $452M in Packaged Medicaments, making it the 46th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 3rd most exported product in Cyprus. The main destination of Packaged Medicaments exports from Cyprus are: Vietnam ($35.9M), Czechia ($30.3M), France ($30.1M), Greece ($27.9M), and Romania ($23.6M).

The fastest growing export markets for Packaged Medicaments of Cyprus between 2021 and 2022 were Romania ($6.57M), United Kingdom ($3.53M), and Czechia ($3.34M).

Imports In 2022, Cyprus imported $400M in Packaged Medicaments, becoming the 81st largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 4th most imported product in Cyprus. Cyprus imports Packaged Medicaments primarily from: Greece ($131M), Germany ($39.8M), Netherlands ($36.5M), Switzerland ($36.1M), and Vietnam ($31.4M).

The fastest growing import markets in Packaged Medicaments for Cyprus between 2021 and 2022 were Italy ($13.1M), Belgium ($9.01M), and Germany ($7.17M).

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Packaged Medicaments. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$452M
IMPORTS (2022)$400M
NET TRADE (2022)$51.7M

In 2022, Cyprus exported $452M in Packaged Medicaments. The main destinations of Cyprus exports on Packaged Medicaments were Vietnam ($35.9M), Czechia ($30.3M), France ($30.1M), Greece ($27.9M), and Romania ($23.6M).

In 2022, Cyprus imported $400M in Packaged Medicaments, mainly from Greece ($131M), Germany ($39.8M), Netherlands ($36.5M), Switzerland ($36.1M), and Vietnam ($31.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Cyprus WERE (2021 - 2022):
Romania$6.57M (38.6%)
United Kingdom$3.53M (33.6%)
Czechia$3.34M (12.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Cyprus WERE (2021 - 2022):
Ethiopia-$13.1M (-72.4%)
Hungary-$9.01M (-70.7%)
Russia-$6.37M (-79.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Cyprus's main exporting competitors in Packaged Medicaments were:
Germany $74.8B
Switzerland $45.4B
United States $38.2B
In 2022, Cyprus's main importing competitors in Packaged Medicaments were:
United States $91.3B
Switzerland $32.9B
Germany $32B

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

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N/A
N/AN/A
N/AN/A

Packaged Medicaments’s highest export potential is N/A. With an export gap of N/A.   Packaged Medicaments’s highest import potential is N/A with an import gap of N/A.

See methodology.

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