Cyprus / Belgium

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.

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.

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