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2023
Flag → Flag
Exports $11.5MRnk 53 / 196
2023
Flag → Flag
Top Product $10.7MPackaged Medicaments
2023
Flag → Flag
Exports $2.29MRnk 62 / 130
2023
Flag → Flag
Top Product $1.57MCast Iron Pipes
2023
Flag
Economic Complexity (ECI) ECI 0.084Rnk 58 / 132
2023
Flag  
GDP$33.9BCURRENT US$
Rnk 106 / 195
2013-2023
Flag
GDP GROWTH41.4%CURRENT US$
Rnk 91 / 195
2023
Flag
 GDP$405BCURRENT US$
Rnk 36 / 195
2013-2023
Flag
GDP GROWTH-19.1%CURRENT US$
Rnk 189 / 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$4,466CURRENT US$
Rnk 125 / 196
2013-2023
Flag
GDP PC GROWTH-28.2%CURRENT US$
Rnk 186 / 195

About

Cyprus-Iran Trade: In 2023, Cyprus exported $11.5M to Iran. The main products that Cyprus exported to Iran were Packaged Medicaments ($10.7M), Special Pharmaceuticals ($279k), and Other Plastic Products ($275k). Over the past 5 years the exports of Cyprus to Iran have decreased at an annualized rate of 23.8%, from $44.7M in 2018 to $11.5M in 2023.

In 2023, Cyprus did not export any services to Iran.

Iran-Cyprus Trade: In 2023, Iran exported $2.29M to Cyprus. The main products that Iran exported to Cyprus were Cast Iron Pipes ($1.57M), Grapes ($445k), and Aluminium Bars ($106k). Over the past 5 years the exports of Iran to Cyprus have increased at an annualized rate of 1.09%,  from $2.17M in 2018 to $2.29M in 2023.

In 2023, Iran did not export any services to Cyprus.

Comparison In 2023,  Cyprus ranked 126 in total exports ($5.7B), and does not have data regarding Economic Complexity Index. That same year, Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cyprus exported $11.5M to Iran. The main products exported from Cyprus to Iran were Packaged Medicaments ($10.7M), Special Pharmaceuticals ($279k), and Other Plastic Products ($275k). During the last 5 years the exports of Cyprus to Iran have decreased at an annualized rate of 23.8%, from $44.7M in 2018 to $11.5M in 2023.

In 2018, Iran exported $2.29M to Cyprus. The main products exported from Iran to Cyprus were Cast Iron Pipes ($1.57M), Grapes ($445k), and Aluminium Bars ($106k). During the last 5 years the exports of Iran to Cyprus have increased at an annualized rate of 1.09%, from $2.17M in 2023 to $2.29M in 2018.

Exports from Cyprus (Flag) to Iran (Flag) (2023)

Exports from Iran (Flag) to Cyprus (Flag) (2023)

Latest Data

Trade between Cyprus (Flag) and Iran (Flag)

Cyprus Exports

Market Competitiveness

Color
Cyprus
Top DestinationLibya$775M
Iran
Top DestinationChina$4.59B

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

In 2023, countries that imported more from Cyprus than Iran included Libya ($775M), Greece ($626M), and Bermuda ($403M).

In 2023, countries that imported more from Iran than Cyprus included China ($4.59B), Turkey ($2.18B), and India ($1.02B).

Difference in imports from Iran (Flag) and Cyprus (Flag) (2023)

Comparative Advantage Cyprus - Iran

Flow
Scale

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

During 2023, Cyprus had a large net trade with Iran in the exports of Chemical Products ($11M), Plastics and Rubbers ($281k), and Machines ($96k).

During 2018, Iran had a large net trade with Cyprus in the exports of Metals ($1.74M), Vegetable Products ($456k), and Plastics and Rubbers ($44.1k).

Economic Complexity

Competitive Landscape

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

Product Space of Cyprus (Flag) and Iran (Flag) (2023)

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