In 2021, Cyprus exported a total of $5.16B, making it the number 118 exporter in the world. During the last five reported years the exports of Cyprus have changed by $1.05B from $4.11B in 2016 to $5.16B in 2021.
In 2020, Cyprus exported $11.1B worth of services. The top services exported by Cyprus in 2020 were Financial services ($5.66B), Sea transport ($3.32B), Miscellaneous business, professional, and technical services ($875M), Personal travel ($617M), and Merchanting and other trade-related services ($89.1M).
The top services imported by Cyprus in 2020 were Sea transport ($1.68B), Financial services ($1.32B), Miscellaneous business, professional, and technical services ($1.02B), Personal travel ($621M), and Telecommunications services ($215M).
The top export opportunities for Cyprus according to the relatedness index, were Gold (0.19), Collector's Items (0.18), Non-fillet Frozen Fish (0.18), Tropical Fruits (0.17), and Glass Scraps (0.17). 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.