2022
Flag  
GDP
$28.4BCURRENT US$
Rnk 105 / 186
2012-2022
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GDP GROWTH
13.5%CURRENT US$
Rnk 138 / 186
2022
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 GDP
$281BCURRENT US$
Rnk 47 / 186
2012-2022
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GDP GROWTH
8.73%CURRENT US$
Rnk 147 / 186
2022
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GDP PC 
$31,284CURRENT US$
Rnk 36 / 186
2012-2022
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GDP PC GROWTH
7.9%CURRENT US$
Rnk 123 / 186
2022
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GDP PC
$50,537CURRENT US$
Rnk 18 / 186
2012-2022
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GDP PC GROWTH
5.93%CURRENT US$
Rnk 127 / 186

About

Cyprus-Finland Trade: In 2022, Cyprus exported $11.6M to Finland. The main products that Cyprus exported to Finland were Cheese ($7.95M), Packaged Medicaments ($1.66M), and Centrifuges ($363k). Over the past 5 years the exports of Cyprus to Finland have increased at an annualized rate of 15.1%, from $5.72M in 2017 to $11.6M in 2022.

In 2020, Cyprus exported services to Finland worth $1.14M, with Transportation ($1.14M) being the largest in terms of value.

Finland-Cyprus Trade: In 2022, Finland exported $42.4M to Cyprus. The main products that Finland exported to Cyprus were Passenger and Cargo Ships ($8.42M), Cyclic Hydrocarbons ($5.21M), and Sawn Wood ($4.04M). Over the past 5 years the exports of Finland to Cyprus have decreased at an annualized rate of 36.2%,  from $402M in 2017 to $42.4M in 2022.

In 2020, Finland exported services to Cyprus worth $34.3M, with Transportation ($16M), Computer and information services ($10.3M), and Travel ($3.43M) 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, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Cyprus exported $11.6M to Finland. The main products exported from Cyprus to Finland were Cheese ($7.95M), Packaged Medicaments ($1.66M), and Centrifuges ($363k). During the last 5 years the exports of Cyprus to Finland have increased at an annualized rate of 15.1%, from $5.72M in 2017 to $11.6M in 2022.

In 2017, Finland exported $42.4M to Cyprus. The main products exported from Finland to Cyprus were Passenger and Cargo Ships ($8.42M), Cyclic Hydrocarbons ($5.21M), and Sawn Wood ($4.04M). During the last 5 years the exports of Finland to Cyprus have decreased at an annualized rate of 36.2%, from $402M in 2022 to $42.4M in 2017.

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

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

Latest Data

Trade between Cyprus (Flag) and Finland (Flag)

Cyprus Exports

Finland Exports

Market Competitiveness

Color
Cyprus
Top Destination
Hong Kong$482M
Finland
Top Destination
Germany$9.99B

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

In 2022, countries that imported more from Cyprus than Finland included Hong Kong ($482M), Lebanon ($329M), and Liberia ($255M).

In 2022, countries that imported more from Finland than Cyprus included Germany ($9.99B), United States ($9.17B), and Sweden ($9.1B).

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

Comparative Advantage Cyprus - Finland

Flow
Scale

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

During 2022, Cyprus had a large net trade with Finland in the exports of Animal Products ($7.95M), Chemical Products ($1.75M), and Machines ($736k).

During 2017, Finland had a large net trade with Cyprus in the exports of Transportation ($11.5M), Paper Goods ($6.7M), and Wood Products ($6.56M).

Bilateral Service Trade

In 2020, Cyprus exported services to Finland worth $1.14M, with Transportation ($1.14M) being the largest in terms of value.

In 2020, Finland exported services to Cyprus worth $34.3M, with Transportation ($16M), Computer and information services ($10.3M), and Travel ($3.43M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Finland (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 Finland. This means that a dot/product with the flag of Cyprus indicates it has a comparative advantage over Finland. Similarly, a dot/product with the flag of Finland indicates it has a comparative advantage over Cyprus.

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

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