Cyprus / Germany

Cyprus-Germany Trade: In 2022, Cyprus exported $158M to Germany. The main products that Cyprus exported to Germany were Passenger and Cargo Ships ($42.2M), Cheese ($20.4M), and Packaged Medicaments ($19.5M). Over the past 5 years the exports of Cyprus to Germany have decreased at an annualized rate of 1.69%, from $172M in 2017 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 Trade: 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). Over the past 5 years the exports of Germany to Cyprus have increased at an annualized rate of 2.95%,  from $655M in 2017 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).