2023
Flag  
GDP
$33.9BCURRENT US$
Rnk 106 / 195
2013-2023
Flag
GDP GROWTH
41.4%CURRENT US$
Rnk 91 / 195
2023
Flag
 GDP
$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH
16%CURRENT US$
Rnk 150 / 195
2023
Flag
GDP PC 
$36,551CURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP PC GROWTH
31.5%CURRENT US$
Rnk 76 / 195
2023
Flag
GDP PC
$53,431CURRENT US$
Rnk 22 / 196
2013-2023
Flag
GDP PC GROWTH
1.51%CURRENT US$
Rnk 152 / 195

About

Cyprus-Canada Trade: In 2023, Cyprus exported $12.1M to Canada. The main products that Cyprus exported to Canada were Packaged Medicaments ($4.04M), Cheese ($1.91M), and Salt ($730k). Over the past 5 years the exports of Cyprus to Canada have increased at an annualized rate of 14.5%, from $6.14M in 2018 to $12.1M in 2023.

In 2020, Cyprus exported services to Canada worth $59.4M, with Transportation ($53.7M), Financial services ($4.57M), and Travel ($1.14M) being the largest in terms of value.

Canada-Cyprus Trade: In 2023, Canada exported $85.6M to Cyprus. The main products that Canada exported to Cyprus were Planes, Helicopters, and/or Spacecraft ($75.1M), Tractors ($1.3M), and Dried Legumes ($1.15M). Over the past 5 years the exports of Canada to Cyprus have increased at an annualized rate of 41.4%,  from $15.1M in 2018 to $85.6M in 2023.

In 2020, Canada exported services to Cyprus worth $76.1M, with Computer and information services ($68.6M), Communications services ($4.47M), and Financial services ($1.49M) 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, Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cyprus exported $12.1M to Canada. The main products exported from Cyprus to Canada were Packaged Medicaments ($4.04M), Cheese ($1.91M), and Salt ($730k). During the last 5 years the exports of Cyprus to Canada have increased at an annualized rate of 14.5%, from $6.14M in 2018 to $12.1M in 2023.

In 2018, Canada exported $85.6M to Cyprus. The main products exported from Canada to Cyprus were Planes, Helicopters, and/or Spacecraft ($75.1M), Tractors ($1.3M), and Dried Legumes ($1.15M). During the last 5 years the exports of Canada to Cyprus have increased at an annualized rate of 41.4%, from $15.1M in 2023 to $85.6M in 2018.

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

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

Latest Data

Trade between Cyprus (Flag) and Canada (Flag)

Cyprus Exports

Canada Exports

Market Competitiveness

Color
Cyprus
Top Destination
Libya$775M
Canada
Top Destination
United States$410B

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

In 2023, countries that imported more from Cyprus than Canada included Libya ($775M), Greece ($626M), and Bermuda ($403M).

In 2023, countries that imported more from Canada than Cyprus included United States ($410B), China ($31.1B), and United Kingdom ($18B).

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

Comparative Advantage Cyprus - Canada

Flow
Scale

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

During 2023, Cyprus had a large net trade with Canada in the exports of Chemical Products ($4.38M), Machines ($2.85M), and Animal Products ($1.91M).

During 2018, Canada had a large net trade with Cyprus in the exports of Transportation ($76.5M), Machines ($2.17M), and Chemical Products ($1.62M).

Bilateral Service Trade

In 2020, Cyprus exported services to Canada worth $59.4M, with Transportation ($53.7M), Financial services ($4.57M), and Travel ($1.14M) being the largest in terms of value.

In 2020, Canada exported services to Cyprus worth $76.1M, with Computer and information services ($68.6M), Communications services ($4.47M), and Financial services ($1.49M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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