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2023
Flag → Flag
Exports $438MRnk 3 / 196
2023
Flag → Flag
Top Product $406MRefined Petroleum
2023
Flag → Flag
Exports $114MRnk 10 / 179
2023
Flag → Flag
Top Product $42.7MExcavation Machinery
2023
Flag
Economic Complexity (ECI) ECI 0.42Rnk 45 / 132
2023
Flag  
GDP$33.9BCURRENT US$
Rnk 106 / 195
2013-2023
Flag
GDP GROWTH41.4%CURRENT US$
Rnk 91 / 195
2023
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GDP PC $36,551CURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP PC GROWTH31.5%CURRENT US$
Rnk 76 / 195

About

Cyprus-Lebanon Trade: In 2023, Cyprus exported $438M to Lebanon. The main products that Cyprus exported to Lebanon were Refined Petroleum ($406M), Rolled Tobacco ($12.3M), and Packaged Medicaments ($6.3M). Over the past 5 years the exports of Cyprus to Lebanon have increased at an annualized rate of 20.3%, from $174M in 2018 to $438M in 2023.

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

Lebanon-Cyprus Trade: In 2023, Lebanon exported $114M to Cyprus. The main products that Lebanon exported to Cyprus were Excavation Machinery ($42.7M), Rolled Tobacco ($12M), and Petroleum Gas ($10.3M). Over the past 5 years the exports of Lebanon to Cyprus have increased at an annualized rate of 20.6%,  from $17.4M in 2018 to $114M in 2023.

In 2023, Lebanon 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, Lebanon ranked 45 in the Economic Complexity Index (ECI 0.42), and 130 in total exports ($4.94B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cyprus exported $438M to Lebanon. The main products exported from Cyprus to Lebanon were Refined Petroleum ($406M), Rolled Tobacco ($12.3M), and Packaged Medicaments ($6.3M). During the last 5 years the exports of Cyprus to Lebanon have increased at an annualized rate of 20.3%, from $174M in 2018 to $438M in 2023.

In 2018, Lebanon exported $114M to Cyprus. The main products exported from Lebanon to Cyprus were Excavation Machinery ($42.7M), Rolled Tobacco ($12M), and Petroleum Gas ($10.3M). During the last 5 years the exports of Lebanon to Cyprus have increased at an annualized rate of 20.6%, from $17.4M in 2023 to $114M in 2018.

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

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

Latest Data

Trade between Cyprus (Flag) and Lebanon (Flag)

Cyprus Exports

Market Competitiveness

Color
Cyprus
Top DestinationLibya$775M
Lebanon
Top DestinationUnited Arab Emirates$1.3B

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

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

In 2023, countries that imported more from Lebanon than Cyprus included United Arab Emirates ($1.3B), Egypt ($340M), and Iraq ($236M).

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

Comparative Advantage Cyprus - Lebanon

Flow
Scale

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

During 2023, Cyprus had a large net trade with Lebanon in the exports of Mineral Products ($407M), Foodstuffs ($15M), and Chemical Products ($6.46M).

During 2018, Lebanon had a large net trade with Cyprus in the exports of Machines ($53.1M), Foodstuffs ($14.3M), and Metals ($12.1M).

Economic Complexity

Competitive Landscape

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

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

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