Cyprus (CYP) and Georgia (GEO) Trade | The Observatory of Economic Complexity

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Cyprus-Georgia Trade: In 2022, Cyprus exported $9.39M to Georgia. The main products that Cyprus exported to Georgia were Tug Boats ($4.04M), Video and Card Games ($985k), and Packaged Medicaments ($718k). Over the past 5 years the exports of Cyprus to Georgia have decreased at an annualized rate of 5.87%, from $12.7M in 2017 to $9.39M in 2022.

In 2022, Cyprus did not export any services to Georgia.

Georgia-Cyprus Trade: In 2022, Georgia exported $16.2M to Cyprus. The main products that Georgia exported to Cyprus were Coal Tar Oil ($13.7M), Polyacetals ($807k), and Hard Liquor ($635k). Over the past 5 years the exports of Georgia to Cyprus have increased at an annualized rate of 6.98%, from $8.23M in 2017 to $16.2M in 2022.

In 2022, Georgia did not export any services to Cyprus.

Comparison In 2022, Cyprus ranked 125 in total exports ($4.91B), and does not have data regarding Economic Complexity Index. That same year, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Cyprus exported $9.39M to Georgia. The main products exported from Cyprus to Georgia were Tug Boats ($4.04M), Video and Card Games ($985k), and Packaged Medicaments ($718k). During the last 5 years the exports of Cyprus to Georgia have decreased at an annualized rate of 5.87%, from $12.7M in 2017 to $9.39M in 2022.

In 2017, Georgia exported $16.2M to Cyprus. The main products exported from Georgia to Cyprus were Coal Tar Oil ($13.7M), Polyacetals ($807k), and Hard Liquor ($635k). During the last 5 years the exports of Georgia to Cyprus have increased at an annualized rate of 6.98%, from $8.23M in 2022 to $16.2M in 2017.

Exports from Cyprus () to Georgia () (2022)

Exports from Georgia () to Cyprus () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Cyprus
Top DestinationHong Kong$482M

Georgia
Top DestinationChina$759M

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

In 2022, countries that imported more from Cyprus than Georgia included Hong Kong ($482M), Greece ($471M), and Lebanon ($329M).

In 2022, countries that imported more from Georgia than Cyprus included China ($759M), Azerbaijan ($668M), and Russia ($642M).

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

Comparative Advantage Cyprus - Georgia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Cyprus had a large net trade with Georgia in the exports of Transportation ($4.06M), Machines ($1.88M), and Miscellaneous ($1.04M).

During 2017, Georgia had a large net trade with Cyprus in the exports of Mineral Products ($13.7M), Plastics and Rubbers ($1.18M), and Foodstuffs ($889k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Cyprus () to Georgia () (2022)

Exports from Georgia () to Cyprus () (2022)

Market Competitiveness

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

Comparative Advantage Cyprus - Georgia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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