Cyprus (CYP) and Marshall Islands (MHL) Trade | The Observatory of Economic Complexity

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Cyprus-Marshall Islands Trade: In 2022, Cyprus exported $173M to Marshall Islands. The main products that Cyprus exported to Marshall Islands were Passenger and Cargo Ships ($173M) and Tug Boats ($498k). Over the past 5 years the exports of Cyprus to Marshall Islands have increased at an annualized rate of 3.02%, from $149M in 2017 to $173M in 2022.

In 2022, Cyprus did not export any services to Marshall Islands.

Marshall Islands-Cyprus Trade: In 2022, Marshall Islands exported $12.6M to Cyprus. The main products that Marshall Islands exported to Cyprus were Passenger and Cargo Ships ($10.3M), Tug Boats ($1.77M), and Recreational Boats ($527k). Over the past 5 years the exports of Marshall Islands to Cyprus have decreased at an annualized rate of 19.2%, from $56.1M in 2017 to $12.6M in 2022.

In 2022, Marshall Islands did not export any services to Cyprus.

Comparison In 2022, Cyprus ranked 125 in total exports ($4.91B). That same year, Marshall Islands ranked 160 in total exports ($1.1B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Cyprus exported $173M to Marshall Islands. The main products exported from Cyprus to Marshall Islands were Passenger and Cargo Ships ($173M) and Tug Boats ($498k). During the last 5 years the exports of Cyprus to Marshall Islands have increased at an annualized rate of 3.02%, from $149M in 2017 to $173M in 2022.

In 2017, Marshall Islands exported $12.6M to Cyprus. The main products exported from Marshall Islands to Cyprus were Passenger and Cargo Ships ($10.3M), Tug Boats ($1.77M), and Recreational Boats ($527k). During the last 5 years the exports of Marshall Islands to Cyprus have decreased at an annualized rate of 19.2%, from $56.1M in 2022 to $12.6M in 2017.

Exports from Cyprus () to Marshall Islands () (2022)

Exports from Marshall Islands () to Cyprus () (2022)

Latest Data

Trade between Cyprus () and Marshall Islands ()

Cyprus Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Cyprus
Top DestinationHong Kong$482M

Marshall Islands
Top DestinationGermany$327M

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

In 2022, countries that imported more from Cyprus than Marshall Islands included Hong Kong ($482M), Greece ($471M), and Lebanon ($329M).

In 2022, countries that imported more from Marshall Islands than Cyprus included Germany ($327M), Denmark ($159M), and Indonesia ($58.1M).

Difference in imports from Marshall Islands () and Cyprus () (2022)

Comparative Advantage Cyprus - Marshall Islands

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Cyprus had a large net trade with Marshall Islands in the exports of Transportation ($173M).

During 2017, Marshall Islands had a large net trade with Cyprus in the exports of Transportation ($12.6M).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Cyprus () to Marshall Islands () (2022)

Exports from Marshall Islands () to Cyprus () (2022)

Latest Data

Trade between Cyprus () and Marshall Islands ()

Cyprus Exports

Market Competitiveness

Difference in imports from Marshall Islands () and Cyprus () (2022)

Comparative Advantage Cyprus - Marshall Islands

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Cyprus () and Marshall Islands () (2022)

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