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2023
Flag → Flag
Exports $274MRnk 6 / 196
2023
Flag → Flag
Top Product $161MCheese
2023
Flag → Flag
Exports $1.48BRnk 40 / 223
2023
Flag → Flag
Top Product $1.02BPassenger and Cargo Ships
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag  
GDP$33.9BCURRENT US$
Rnk 106 / 195
2013-2023
Flag
GDP GROWTH41.4%CURRENT US$
Rnk 91 / 195
2023
Flag
 GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC $36,551CURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP PC GROWTH31.5%CURRENT US$
Rnk 76 / 195
2023
Flag
GDP PC$49,464CURRENT US$
Rnk 26 / 196
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195

About

Cyprus-United Kingdom Trade: In 2023, Cyprus exported $274M to United Kingdom. The main products that Cyprus exported to United Kingdom were Cheese ($161M), Packaged Medicaments ($11.5M), and Potatoes ($9.65M). Over the past 5 years the exports of Cyprus to United Kingdom have increased at an annualized rate of 0.92%, from $262M in 2018 to $274M in 2023.

In 2020, Cyprus exported services to United Kingdom worth $797M, with Transportation ($217M), Financial services ($196M), and Travel ($143M) being the largest in terms of value.

United Kingdom-Cyprus Trade: In 2023, United Kingdom exported $1.48B to Cyprus. The main products that United Kingdom exported to Cyprus were Passenger and Cargo Ships ($1.02B), Cars ($149M), and Delivery Trucks ($27.6M). Over the past 5 years the exports of United Kingdom to Cyprus have increased at an annualized rate of 12.9%,  from $712M in 2018 to $1.48B in 2023.

In 2019, United Kingdom exported services to Cyprus worth $1.36B, with Transportation ($343M), Personal, cultural, and recreational services ($321M), and Travel ($267M) being the largest in terms of value.

Comparison In 2023,  Cyprus ranked 126 in total exports ($5.7B), and does not have data regarding Economic Complexity Index. That same year, United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cyprus exported $274M to United Kingdom. The main products exported from Cyprus to United Kingdom were Cheese ($161M), Packaged Medicaments ($11.5M), and Potatoes ($9.65M). During the last 5 years the exports of Cyprus to United Kingdom have increased at an annualized rate of 0.92%, from $262M in 2018 to $274M in 2023.

In 2018, United Kingdom exported $1.48B to Cyprus. The main products exported from United Kingdom to Cyprus were Passenger and Cargo Ships ($1.02B), Cars ($149M), and Delivery Trucks ($27.6M). During the last 5 years the exports of United Kingdom to Cyprus have increased at an annualized rate of 12.9%, from $712M in 2023 to $1.48B in 2018.

Exports from Cyprus (Flag) to United Kingdom (Flag) (2023)

Exports from United Kingdom (Flag) to Cyprus (Flag) (2023)

Latest Data

Trade between Cyprus (Flag) and United Kingdom (Flag)

Cyprus Exports

United Kingdom Exports

Market Competitiveness

Color
Cyprus
Top DestinationLibya$775M
United Kingdom
Top DestinationUnited States$59.7B

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

In 2023, countries that imported more from Cyprus than United Kingdom included Libya ($775M), Bermuda ($403M), and Marshall Islands ($294M).

In 2023, countries that imported more from United Kingdom than Cyprus included United States ($59.7B), China ($35.3B), and Germany ($34.6B).

Difference in imports from United Kingdom (Flag) and Cyprus (Flag) (2023)

Comparative Advantage Cyprus - United Kingdom

Flow
Scale

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

During 2023, Cyprus had a large net trade with United Kingdom in the exports of Animal Products ($162M), Vegetable Products ($18.4M), and Transportation ($16.2M).

During 2018, United Kingdom had a large net trade with Cyprus in the exports of Transportation ($1.24B), Foodstuffs ($72.3M), and Machines ($70.6M).

Bilateral Service Trade

In 2020, Cyprus exported services to United Kingdom worth $797M, with Transportation ($217M), Financial services ($196M), and Travel ($143M) being the largest in terms of value.

In 2019, United Kingdom exported services to Cyprus worth $1.36B, with Transportation ($343M), Personal, cultural, and recreational services ($321M), and Travel ($267M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Cyprus (Flag) to United Kingdom (Flag) (2020)

Services Exports from United Kingdom (Flag) to Cyprus (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Cyprus (Flag) and United Kingdom (Flag) (2023)

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