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2023
Flag → Flag
Exports $8.5MRnk 60 / 196
2023
Flag → Flag
Top Product $7.66MPackaged Medicaments
2023
Flag → Flag
Exports $6.54kRnk 84 / 100
2023
Flag → Flag
Top Product $2.92kBroadcasting Equipment
2023
Flag
Economic Complexity (ECI) ECI -0.71Rnk 97 / 132
2023
Flag  
GDP$33.9BCURRENT US$
Rnk 106 / 195
2013-2023
Flag
GDP GROWTH41.4%CURRENT US$
Rnk 91 / 195
2023
Flag
 GDP$251BCURRENT US$
Rnk 52 / 195
2013-2023
Flag
GDP GROWTH6.91%CURRENT US$
Rnk 164 / 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$5,565CURRENT US$
Rnk 118 / 196
2013-2023
Flag
GDP PC GROWTH-16.3%CURRENT US$
Rnk 174 / 195

About

Cyprus-Iraq Trade: In 2023, Cyprus exported $8.5M to Iraq. The main products that Cyprus exported to Iraq were Packaged Medicaments ($7.66M), Liquid Dispersing Machines ($227k), and Pesticides ($225k). Over the past 5 years the exports of Cyprus to Iraq have decreased at an annualized rate of 7.84%, from $12.8M in 2018 to $8.5M in 2023.

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

Iraq-Cyprus Trade: In 2023, Iraq exported $6.54k to Cyprus. The main products that Iraq exported to Cyprus were Broadcasting Equipment ($2.92k), Video Recording Equipment ($1.49k), and Computers ($900). Over the past 5 years the exports of Iraq to Cyprus have decreased at an annualized rate of 4.83%,  from $8.81k in 2018 to $6.54k in 2023.

In 2023, Iraq 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, Iraq ranked 97 in the Economic Complexity Index (ECI -0.71), and 40 in total exports ($107B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cyprus exported $8.5M to Iraq. The main products exported from Cyprus to Iraq were Packaged Medicaments ($7.66M), Liquid Dispersing Machines ($227k), and Pesticides ($225k). During the last 5 years the exports of Cyprus to Iraq have decreased at an annualized rate of 7.84%, from $12.8M in 2018 to $8.5M in 2023.

In 2018, Iraq exported $6.54k to Cyprus. The main products exported from Iraq to Cyprus were Broadcasting Equipment ($2.92k), Video Recording Equipment ($1.49k), and Computers ($900). During the last 5 years the exports of Iraq to Cyprus have decreased at an annualized rate of 4.83%, from $8.81k in 2023 to $6.54k in 2018.

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

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

Latest Data

Trade between Cyprus (Flag) and Iraq (Flag)

Cyprus Exports

Market Competitiveness

Color
Cyprus
Top DestinationLibya$775M
Iraq
Top DestinationChina$35.5B

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

In 2023, countries that imported more from Cyprus than Iraq included Libya ($775M), Lebanon ($438M), and Bermuda ($403M).

In 2023, countries that imported more from Iraq than Cyprus included China ($35.5B), India ($29.8B), and United States ($8.92B).

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

Comparative Advantage Cyprus - Iraq

Flow
Scale

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

During 2023, Cyprus had a large net trade with Iraq in the exports of Chemical Products ($7.96M), Machines ($231k), and Foodstuffs ($170k).

During 2018, Iraq had a large net trade with Cyprus in the exports of Machines ($5.56k), Textiles ($457), and Footwear and Headwear ($161).

Economic Complexity

Competitive Landscape

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

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

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