Cyprus / Belgium

Cyprus-Belgium Trade: In 2022, Cyprus exported $63.7M to Belgium. The main products that Cyprus exported to Belgium were Passenger and Cargo Ships ($18.6M), Sulfates ($5.2M), and Packaged Medicaments ($4.54M). Over the past 5 years the exports of Cyprus to Belgium have decreased at an annualized rate of 5.69%, from $85.4M in 2017 to $63.7M in 2022.

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 2022, Belgium exported $259M to Cyprus. The main products that Belgium exported to Cyprus were Coal Tar Oil ($45.2M), Cars ($17.5M), and Packaged Medicaments ($15.8M). Over the past 5 years the exports of Belgium to Cyprus have increased at an annualized rate of 2.02%,  from $235M in 2017 to $259M in 2022.

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 2022,  Cyprus ranked 125 in total exports ($4.91B), and does not have data regarding Economic Complexity Index. That same year, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).