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2023
Flag → Flag
Exports $308MRnk 75 / 220
2023
Flag → Flag
Top Product $42.8MCoal Tar Oil
2023
Flag → Flag
Exports $36.1MRnk 29 / 196
2023
Flag → Flag
Top Product $7.37MSpecial Purpose Ships
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
Flag  
GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
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GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
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 GDP$33.9BCURRENT US$
Rnk 106 / 195
2013-2023
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GDP GROWTH41.4%CURRENT US$
Rnk 91 / 195
2023
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GDP PC $54,701CURRENT US$
Rnk 20 / 195
2013-2023
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GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195
2023
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GDP PC$36,551CURRENT US$
Rnk 35 / 196
2013-2023
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GDP PC GROWTH31.5%CURRENT US$
Rnk 76 / 195

About

Belgium-Cyprus Trade: In 2023, Belgium exported $308M to Cyprus. The main products that Belgium exported to Cyprus were Coal Tar Oil ($42.8M), Packaged Medicaments ($28.9M), and Refined Petroleum ($22.3M). Over the past 5 years the exports of Belgium to Cyprus have increased at an annualized rate of 7.53%, from $214M in 2018 to $308M in 2023.

In 2020, Belgium exported services to Cyprus worth $143M, with Transportation ($49.1M), Computer and information services ($37.7M), and Other business services ($34.3M) being the largest in terms of value.

Cyprus-Belgium Trade: In 2023, Cyprus exported $36.1M to Belgium. The main products that Cyprus exported to Belgium were Special Purpose Ships ($7.37M), Packaged Medicaments ($4.25M), and Other Inedible Animal Products ($3.36M). Over the past 5 years the exports of Cyprus to Belgium have decreased at an annualized rate of 1.69%,  from $39.3M in 2018 to $36.1M in 2023.

In 2020, Cyprus exported services to Belgium worth $10.3M, with Travel ($3.43M), Transportation ($2.28M), and Financial services ($2.28M) being the largest in terms of value.

Comparison In 2023,  Belgium ranked 20 in the Economic Complexity Index (ECI 1.23),  and 13 in total exports ($437B). That same year, Cyprus ranked 126 in total exports ($5.7B), and does not have data regarding Economic Complexity Index.

Latest Trends

N/A

About

Overview In N/A, Belgium exported €N/A and imported €N/A from Cyprus, resulting in a N/A trade balance of €N/A. Between N/A and N/A the exports of Belgium have N/A by €N/A (N/A) from €N/A to €N/A, while imports N/A by €N/A (N/A) from €N/A to €N/A.

Trade In N/A, the top exports of Belgium to Cyprus were Pharmaceutical products (€2.89M), Cars, tractors, trucks & parts thereof. (€2.2M), Machinery, mechanical appliances, & parts (€1.18M), Optical, photo, & film equipment; medical... (€751k), and Plastics & articles thereof (€585k). In N/A the top imports of Belgium from Cyprus were Organic chemicals (€227k), Animal originated products, n.e.s. (€199k), Electrical machinery and electronics (€184k), Inorganic chemicals (€150k), and Copper articles (€129k).

Growth In N/A, the N/A in Belgium's year-by-year exports to Cyprus was explained primarily by an decrease in product exports in Pharmaceutical products (€-1.96M or -40.4%), Tobacco & substitutes (€-429k or -91.2%), and Beverages, spirits, & vinegar (€-222k or -64.1%). In N/A, the N/A in Belgium's year-by-year imports  from Cyprus was explained primarily by an decrease in product imports  in Edible fruits, nuts & fruit peels (€-370k or -78.2%), Copper articles (€-272k or -67.8%), and Beverages, spirits, & vinegar (€-158k or -80.9%).

Latest Trade

Time Scale
Flow
Value
Depth

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

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

For full datasets download visit Bulk Download page.

Explore Cyprus and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $308M to Cyprus. The main products exported from Belgium to Cyprus were Coal Tar Oil ($42.8M), Packaged Medicaments ($28.9M), and Refined Petroleum ($22.3M). During the last 5 years the exports of Belgium to Cyprus have increased at an annualized rate of 7.53%, from $214M in 2018 to $308M in 2023.

In 2018, Cyprus exported $36.1M to Belgium. The main products exported from Cyprus to Belgium were Special Purpose Ships ($7.37M), Packaged Medicaments ($4.25M), and Other Inedible Animal Products ($3.36M). During the last 5 years the exports of Cyprus to Belgium have decreased at an annualized rate of 1.69%, from $39.3M in 2023 to $36.1M in 2018.

Exports from Belgium (Flag) to Cyprus (Flag) (2023)

Exports from Cyprus (Flag) to Belgium (Flag) (2023)

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Cyprus
Top DestinationLibya$775M

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

In 2023, countries that imported more from Belgium than Cyprus included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

In 2023, countries that imported more from Cyprus than Belgium included Bermuda ($403M), Libya ($775M), and Marshall Islands ($294M).

Difference in imports from Cyprus (Flag) and Belgium (Flag) (2023)

Comparative Advantage Belgium - Cyprus

Flow
Scale

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

During 2023, Belgium had a large net trade with Cyprus in the exports of Mineral Products ($67.7M), Chemical Products ($52.6M), and Foodstuffs ($38.5M).

During 2018, Cyprus had a large net trade with Belgium in the exports of Transportation ($7.84M), Chemical Products ($7.07M), and Animal Products ($4.83M).

Bilateral Service Trade

In 2020, Belgium exported services to Cyprus worth $143M, with Transportation ($49.1M), Computer and information services ($37.7M), and Other business services ($34.3M) being the largest in terms of value.

In 2020, Cyprus exported services to Belgium worth $10.3M, with Travel ($3.43M), Transportation ($2.28M), and Financial services ($2.28M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Belgium and Cyprus. This means that a dot/product with the flag of Belgium indicates it has a comparative advantage over Cyprus. Similarly, a dot/product with the flag of Cyprus indicates it has a comparative advantage over Belgium.

Product Space of Belgium (Flag) and Cyprus (Flag) (2023)

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