Cyprus / Spain

Cyprus-Spain Trade: In 2022, Cyprus exported $31.2M to Spain. The main products that Cyprus exported to Spain were Packaged Medicaments ($5.56M), Cheese ($2.78M), and Beer ($1.61M). Over the past 5 years the exports of Cyprus to Spain have decreased at an annualized rate of 12.7%, from $61.4M in 2017 to $31.2M in 2022.

In 2020, Cyprus exported services to Spain worth $93.7M, with Financial services ($76.5M), Transportation ($12.6M), and Other business services ($3.43M) being the largest in terms of value.

Spain-Cyprus Trade: In 2022, Spain exported $449M to Cyprus. The main products that Spain exported to Cyprus were Refined Petroleum ($68.9M), Unglazed Ceramics ($35.7M), and Non-Knit Women's Suits ($21.5M). Over the past 5 years the exports of Spain to Cyprus have increased at an annualized rate of 7.8%,  from $308M in 2017 to $449M in 2022.

In 2009, Spain exported services to Cyprus worth $124M, with Services not allocated ($124M) 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, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).