Cyprus / Italy

Cyprus-Italy Trade: In 2022, Cyprus exported $90.3M to Italy. The main products that Cyprus exported to Italy were Base Metal Watches ($8.03M), Planes, Helicopters, and/or Spacecraft ($5.8M), and Hard Liquor ($5M). Over the past 5 years the exports of Cyprus to Italy have decreased at an annualized rate of 3.72%, from $109M in 2017 to $90.3M in 2022.

In 2020, Cyprus exported services to Italy worth $131M, with Financial services ($122M), Other business services ($4.57M), and Transportation ($3.43M) being the largest in terms of value.

Italy-Cyprus Trade: In 2022, Italy exported $1.36B to Cyprus. The main products that Italy exported to Cyprus were Refined Petroleum ($416M), Raw Iron Bars ($63.2M), and Recreational Boats ($58.3M). Over the past 5 years the exports of Italy to Cyprus have increased at an annualized rate of 9.01%,  from $744M in 2017 to $1.36B in 2022.

In 2020, Italy exported services to Cyprus worth $56M, with Communications services ($27.5M), Transportation ($12.4M), and Other business services ($6.97M) 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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).