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2022
Exports $484MWorld Rnk 50 / 223
Flag Rnk 3 / 96
2022
Destination $7.18M Greece
2021 - 2022
FASTEST GROWING MARKET $7.18MBulgaria
2022
PRODUCT COMPLEXITY IN Pharmaceutical products1.38Rnk 75 / 1025
2022
Imports $515MWorld Rnk 89 / 226
Flag Rnk 6 / 96
2022
Origin $11M Greece
2021 - 2022
FASTEST GROWING ORIGIN $11MItaly

About

Exports In 2022, Cyprus exported $484M in Pharmaceutical products, making it the 50th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 3rd most exported product in Cyprus. The main destination of Pharmaceutical products exports from Cyprus are: Greece ($36.4M), Vietnam ($36M), France ($32.7M), Czechia ($30.3M), and Romania ($23.8M).

The fastest growing export markets for Pharmaceutical products of Cyprus between 2021 and 2022 were Bulgaria ($7.18M), Romania ($6.18M), and Czechia ($3.34M).

Imports In 2022, Cyprus imported $515M in Pharmaceutical products, becoming the 89th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 6th most imported product in Cyprus. Cyprus imports Pharmaceutical products primarily from: Greece ($149M), Germany ($64.1M), Switzerland ($60.3M), Netherlands ($41.8M), and Italy ($33.4M).

The fastest growing import markets in Pharmaceutical products for Cyprus between 2021 and 2022 were Italy ($11M), Belgium ($5.73M), and Vietnam ($2.55M).

Latest Trends

Jul 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 Pharmaceutical products. 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)$484M
IMPORTS (2022)$515M
NET TRADE (2022)-$30.4M

In 2022, Cyprus exported $484M in Pharmaceutical products. The main destinations of Cyprus exports on Pharmaceutical products were Greece ($36.4M), Vietnam ($36M), France ($32.7M), Czechia ($30.3M), and Romania ($23.8M).

In 2022, Cyprus imported $515M in Pharmaceutical products, mainly from Greece ($149M), Germany ($64.1M), Switzerland ($60.3M), Netherlands ($41.8M), and Italy ($33.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Cyprus WERE (2021 - 2022):
Bulgaria$7.18M (67.4%)
Romania$6.18M (35%)
Czechia$3.34M (12.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Cyprus WERE (2021 - 2022):
Ethiopia-$13.1M (-72.4%)
Hungary-$8.76M (-68.7%)
Israel-$7.15M (-71.3%)
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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 Pharmaceutical products were:
Germany $125B
Switzerland $93.8B
United States $90B
In 2022, Cyprus's main importing competitors in Pharmaceutical products were:
United States $168B
Germany $71.1B
Switzerland $48.5B

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

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

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

See methodology.

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