2022
Flag  
GDP
$28.4BCURRENT US$
Rnk 105 / 186
2012-2022
Flag
GDP GROWTH
13.5%CURRENT US$
Rnk 138 / 186
2022
Flag
 GDP
$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP GROWTH
15.5%CURRENT US$
Rnk 136 / 186
2022
Flag
GDP PC 
$31,284CURRENT US$
Rnk 36 / 186
2012-2022
Flag
GDP PC GROWTH
7.9%CURRENT US$
Rnk 123 / 186
2022
Flag
GDP PC
$48,432CURRENT US$
Rnk 21 / 186
2012-2022
Flag
GDP PC GROWTH
10.4%CURRENT US$
Rnk 115 / 186

About

Cyprus-Germany In 2022, Cyprus exported $158M to Germany. The main products that Cyprus exported to Germany are Passenger and Cargo Ships ($42.2M), Cheese ($20.4M), and Packaged Medicaments ($19.5M). During the last 27 years the exports of Cyprus to Germany have increased at an annualized rate of 2.15%, from $88.8M in 1995 to $158M in 2022.

In 2020, Cyprus exported services to Germany worth $1.3B, with Transportation ($1.08B), Financial services ($142M), and Travel ($56M) being the largest in terms of value.

Germany-Cyprus In 2022, Germany exported $758M to Cyprus. The main products that Germany exported to Cyprus were Cars ($111M), Passenger and Cargo Ships ($64M), and Packaged Medicaments ($39.8M). During the last 27 years the exports of Germany to Cyprus have increased at an annualized rate of 1.5%, from $507M in 1995 to $758M in 2022.

In 2020, Germany exported services to Cyprus worth $338M, with Transportation ($202M), Other business services ($94.8M), and Financial services ($28.6M) 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, Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Cyprus exported $158M to Germany. The main products exported from Cyprus to Germany were Passenger and Cargo Ships ($42.2M), Cheese ($20.4M), and Packaged Medicaments ($19.5M). During the last 27 years the exports of Cyprus to Germany have increased at an annualized rate of 2.15%, from $88.8M in 1995 to $158M in 2022.

In 2022, Germany exported $758M to Cyprus. The main products exported from Germany to Cyprus were Cars ($111M), Passenger and Cargo Ships ($64M), and Packaged Medicaments ($39.8M). During the last 27 years the exports of Germany to Cyprus have increased at an annualized rate of 1.5%, from $507M in 1995 to $758M in 2022.

Exports from Cyprus (Flag) to Germany (Flag) (2022)

Exports from Germany (Flag) to Cyprus (Flag) (2022)

Latest Data

Trade between Cyprus (Flag) and Germany (Flag)

Cyprus Exports

Germany Exports

Market Competitiveness

Color
Cyprus
Top Destination
Hong Kong$482M
Germany
Top Destination
United States$153B

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

In 2021, countries that imported more from Cyprus than Germany were Seychelles ($70.8M).

In 2021, countries that imported more from Germany than Cyprus were United States ($153B), France ($120B), and China ($109B).

Difference in imports from Germany (Flag) and Cyprus (Flag) (2022)

Comparative Advantage Cyprus - Germany

Flow
Scale

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

During 2022, Cyprus had a large net trade with Germany in the exports of Transportation ($46.2M), Chemical Products ($31.5M), and Animal Products ($21.8M).

During 2022, Germany had a large net trade with Cyprus in the exports of Transportation ($204M), Machines ($173M), and Chemical Products ($96.6M).

Service Trade

Bilateral Service Trade

In 2020, Cyprus exported services to Germany worth $1.3B, with Transportation ($1.08B), Financial services ($142M), and Travel ($56M) being the largest in terms of value.

In 2020, Germany exported services to Cyprus worth $338M, with Transportation ($202M), Other business services ($94.8M), and Financial services ($28.6M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Cyprus has comparative advantage over Germany. Similarly, the more yellow a dot/product is, the more Germany has comparative advantage over Cyprus.

Product Space of Cyprus (Flag) and Germany (Flag) (2022)

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