In 2020, Cyprus exported a total of $4.28B, making it the number 117 exporter in the world. During the last five reported years the exports of Cyprus have changed by -$814M from $5.09B in 2015 to $4.28B in 2020.
In 2018, Cyprus exported $10.9B worth of services. The top services exported by Cyprus in 2018 were Transportation ($5.12B), Personal travel ($4.56B), Other business services ($368M), Government services, n.i.e. ($296M), and Business travel ($248M).
The top services imported by Cyprus in 2018 were Transportation ($2.99B), Personal travel ($1.83B), Other business services ($1.03B), Business travel ($334M), and Insurance services ($264M).
The top export opportunities for Cyprus according to the relatedness index, are Non-fillet Frozen Fish (0.17), Gold (0.16), Other Animals (0.16), Tropical Fruits (0.16), and Crude Petroleum (0.15). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Cyprus is not specialized in.
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.
This network shows the products most related to the production structure of Cyprus. These are products that tend to be co-exported with the products that Cyprus exports. Higher relatedness values indicate greater knowledge, which predicts a greater probability of exporting that product in the future.
The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities.
Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.