Cyprus (CYP) and Denmark (DNK) Trade | The Observatory of Economic Complexity

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Cyprus-Denmark Trade: In 2022, Cyprus exported $22M to Denmark. The main products that Cyprus exported to Denmark were Cheese ($6.38M), Packaged Medicaments ($4.98M), and Coffee and Tea Extracts ($1.54M). Over the past 5 years the exports of Cyprus to Denmark have increased at an annualized rate of 4.64%, from $17.6M in 2017 to $22M in 2022.

In 2020, Cyprus exported services to Denmark worth $106M, with Transportation ($85.7M), Travel ($17.1M), and Financial services ($3.43M) being the largest in terms of value.

Denmark-Cyprus Trade: In 2022, Denmark exported $77.1M to Cyprus. The main products that Denmark exported to Cyprus were Coal Tar Oil ($19.6M), Cheese ($4.33M), and Fish Fillets ($3.9M). Over the past 5 years the exports of Denmark to Cyprus have increased at an annualized rate of 0.3%, from $76M in 2017 to $77.1M in 2022.

In 2020, Denmark exported services to Cyprus worth $101M, with Transportation ($49M), Other business services ($28.2M), and Construction services ($10.6M) 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, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Cyprus exported $22M to Denmark. The main products exported from Cyprus to Denmark were Cheese ($6.38M), Packaged Medicaments ($4.98M), and Coffee and Tea Extracts ($1.54M). During the last 5 years the exports of Cyprus to Denmark have increased at an annualized rate of 4.64%, from $17.6M in 2017 to $22M in 2022.

In 2017, Denmark exported $77.1M to Cyprus. The main products exported from Denmark to Cyprus were Coal Tar Oil ($19.6M), Cheese ($4.33M), and Fish Fillets ($3.9M). During the last 5 years the exports of Denmark to Cyprus have increased at an annualized rate of 0.3%, from $76M in 2022 to $77.1M in 2017.

Exports from Cyprus () to Denmark () (2022)

Exports from Denmark () to Cyprus () (2022)

Latest Data

Trade between Cyprus () and Denmark ()

Cyprus Exports

Date

Denmark Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Cyprus
Top DestinationHong Kong$482M

Denmark
Top DestinationGermany$18.9B

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

In 2022, countries that imported more from Cyprus than Denmark included Lebanon ($329M), Hong Kong ($482M), and Libya ($133M).

In 2022, countries that imported more from Denmark than Cyprus included Germany ($18.9B), United States ($13.1B), and Sweden ($11.6B).

Difference in imports from Denmark () and Cyprus () (2022)

Comparative Advantage Cyprus - Denmark

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Cyprus had a large net trade with Denmark in the exports of Animal Products ($6.65M), Chemical Products ($5.31M), and Foodstuffs ($4.57M).

During 2017, Denmark had a large net trade with Cyprus in the exports of Mineral Products ($19.7M), Animal Products ($14.8M), and Machines ($12.3M).

Bilateral Service Trade

Dnk Year

Cyp Year

In 2020, Cyprus exported services to Denmark worth $106M, with Transportation ($85.7M), Travel ($17.1M), and Financial services ($3.43M) being the largest in terms of value.

In 2020, Denmark exported services to Cyprus worth $101M, with Transportation ($49M), Other business services ($28.2M), and Construction services ($10.6M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Cyprus () to Denmark () (2020)

Services Exports from Denmark () to Cyprus () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Cyprus () to Denmark () (2022)

Exports from Denmark () to Cyprus () (2022)

Latest Data

Trade between Cyprus () and Denmark ()

Cyprus Exports

Denmark Exports

Market Competitiveness

Difference in imports from Denmark () and Cyprus () (2022)

Comparative Advantage Cyprus - Denmark

Bilateral Service Trade

Services Exports from Cyprus () to Denmark () (2020)

Services Exports from Denmark () to Cyprus () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Cyprus () and Denmark () (2022)

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