Cyprus (CYP) and South Korea (KOR) Trade | The Observatory of Economic Complexity

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Cyprus-South Korea In 2022, Cyprus exported $9.31M to South Korea. The main products that Cyprus exported to South Korea are Liquid Dispersing Machines ($1.69M), Scrap Copper ($1.49M), and Packaged Medicaments ($1.38M). During the last 27 years the exports of Cyprus to South Korea have increased at an annualized rate of 6.19%, from $1.84M in 1995 to $9.31M in 2022.

In 2020, Cyprus exported services to South Korea worth $3.43M, with Transportation ($3.43M) being the largest in terms of value.

South Korea-Cyprus In 2022, South Korea exported $208M to Cyprus. The main products that South Korea exported to Cyprus were Passenger and Cargo Ships ($158M), Cars ($22.6M), and Electric Batteries ($7.02M). During the last 27 years the exports of South Korea to Cyprus have decreased at an annualized rate of 0.043%, from $210M in 1995 to $208M in 2022.

In 2022, South Korea 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.71), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Cyprus exported $9.31M to South Korea. The main products exported from Cyprus to South Korea were Liquid Dispersing Machines ($1.69M), Scrap Copper ($1.49M), and Packaged Medicaments ($1.38M). During the last 27 years the exports of Cyprus to South Korea have increased at an annualized rate of 6.19%, from $1.84M in 1995 to $9.31M in 2022.

In 2022, South Korea exported $208M to Cyprus. The main products exported from South Korea to Cyprus were Passenger and Cargo Ships ($158M), Cars ($22.6M), and Electric Batteries ($7.02M). During the last 27 years the exports of South Korea to Cyprus have decreased at an annualized rate of 0.043%, from $210M in 1995 to $208M in 2022.

Exports from Cyprus () to South Korea () (2022)

Exports from South Korea () to Cyprus () (2022)

Latest Data

Trade between Cyprus () and South Korea ()

Cyprus Exports

Date

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Cyprus
Top DestinationHong Kong$482M

South Korea
Top DestinationChina$150B

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

In 2021, countries that imported more from Cyprus than South Korea were Lebanon ($329M), Seychelles ($70.8M), and Gibraltar ($34.2M).

In 2021, countries that imported more from South Korea than Cyprus were China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea () and Cyprus () (2022)

Comparative Advantage Cyprus - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Cyprus had a large net trade with South Korea in the exports of Machines ($2.52M), Chemical Products ($2.03M), and Animal Products ($1.67M).

During 2022, South Korea had a large net trade with Cyprus in the exports of Transportation ($183M), Machines ($13.1M), and Plastics and Rubbers ($4.19M).

Service Trade

Bilateral Service Trade

Cyp Year

In 2020, Cyprus exported services to South Korea worth $3.43M, with Transportation ($3.43M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Cyprus () to South Korea () (2020)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Cyprus has comparative advantage over South Korea. Similarly, the more yellow a dot/product is, the more South Korea has comparative advantage over Cyprus.

About

Historical Data

Bilateral Trade by Products

Exports from Cyprus () to South Korea () (2022)

Exports from South Korea () to Cyprus () (2022)

Latest Data

Trade between Cyprus () and South Korea ()

Cyprus Exports

South Korea Exports

Market Competitiveness

Difference in imports from South Korea () and Cyprus () (2022)

Comparative Advantage Cyprus - South Korea

Service Trade

Bilateral Service Trade

Services Exports from Cyprus () to South Korea () (2020)

Economic Complexity

Competitive Landscape

Product Space of Cyprus () and South Korea () (2022)

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