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2023
Flag → Flag
Exports $2.07MRnk 87 / 196
2023
Flag → Flag
Top Product $453kPackaged Medicaments
2023
Flag → Flag
Exports $7.33MRnk 41 / 133
2023
Flag → Flag
Top Product $6.03MRaw Aluminium
2023
Flag
Economic Complexity (ECI) ECI 0.094Rnk 57 / 132
2023
Flag  
GDP$33.9BCURRENT US$
Rnk 106 / 195
2013-2023
Flag
GDP GROWTH41.4%CURRENT US$
Rnk 91 / 195
2023
Flag
 GDP$24.1BCURRENT US$
Rnk 114 / 195
2013-2023
Flag
GDP GROWTH117%CURRENT US$
Rnk 9 / 195
2023
Flag
GDP PC $36,551CURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP PC GROWTH31.5%CURRENT US$
Rnk 76 / 195
2023
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GDP PC$8,053CURRENT US$
Rnk 96 / 196
2013-2023
Flag
GDP PC GROWTH119%CURRENT US$
Rnk 4 / 195

About

Cyprus-Armenia Trade: In 2023, Cyprus exported $2.07M to Armenia. The main products that Cyprus exported to Armenia were Packaged Medicaments ($453k), Citrus ($268k), and Base Metal Watches ($209k). Over the past 5 years the exports of Cyprus to Armenia have increased at an annualized rate of 14.6%, from $1.05M in 2018 to $2.07M in 2023.

In 2023, Cyprus did not export any services to Armenia.

Armenia-Cyprus Trade: In 2023, Armenia exported $7.33M to Cyprus. The main products that Armenia exported to Cyprus were Raw Aluminium ($6.03M), House Linens ($209k), and Building Stone ($206k). Over the past 5 years the exports of Armenia to Cyprus have increased at an annualized rate of 213%,  from $24.4k in 2018 to $7.33M in 2023.

In 2023, Armenia did not export any services to Cyprus.

Comparison In 2023,  Cyprus ranked 126 in total exports ($5.7B), and does not have data regarding Economic Complexity Index. That same year, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cyprus exported $2.07M to Armenia. The main products exported from Cyprus to Armenia were Packaged Medicaments ($453k), Citrus ($268k), and Base Metal Watches ($209k). During the last 5 years the exports of Cyprus to Armenia have increased at an annualized rate of 14.6%, from $1.05M in 2018 to $2.07M in 2023.

In 2018, Armenia exported $7.33M to Cyprus. The main products exported from Armenia to Cyprus were Raw Aluminium ($6.03M), House Linens ($209k), and Building Stone ($206k). During the last 5 years the exports of Armenia to Cyprus have increased at an annualized rate of 213%, from $24.4k in 2023 to $7.33M in 2018.

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

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

Latest Data

Trade between Cyprus (Flag) and Armenia (Flag)

Cyprus Exports

Armenia Exports

Market Competitiveness

Color
Cyprus
Top DestinationLibya$775M
Armenia
Top DestinationRussia$3.38B

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

In 2023, countries that imported more from Cyprus than Armenia included Libya ($775M), Greece ($626M), and Lebanon ($438M).

In 2023, countries that imported more from Armenia than Cyprus included Russia ($3.38B), United Arab Emirates ($2.25B), and Hong Kong ($669M).

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

Comparative Advantage Cyprus - Armenia

Flow
Scale

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

During 2023, Cyprus had a large net trade with Armenia in the exports of Chemical Products ($608k), Vegetable Products ($268k), and Instruments ($231k).

During 2018, Armenia had a large net trade with Cyprus in the exports of Metals ($6.19M), Textiles ($272k), and Footwear and Headwear ($218k).

Economic Complexity

Competitive Landscape

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

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

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