2023
Flag  
GDP
$33.9BCURRENT US$
Rnk 106 / 195
2013-2023
Flag
GDP GROWTH
41.4%CURRENT US$
Rnk 91 / 195
2023
Flag
 GDP
$15.8BCURRENT US$
Rnk 135 / 195
2013-2023
Flag
GDP GROWTH
45.7%CURRENT US$
Rnk 83 / 195
2023
Flag
GDP PC 
$36,551CURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP PC GROWTH
31.5%CURRENT US$
Rnk 76 / 195
2023
Flag
GDP PC
$8,624CURRENT US$
Rnk 92 / 196
2013-2023
Flag
GDP PC GROWTH
53.3%CURRENT US$
Rnk 42 / 195

About

Cyprus-North Macedonia Trade: In 2023, Cyprus exported $1.93M to North Macedonia. The main products that Cyprus exported to North Macedonia were Packaged Medicaments ($1.55M), Light Fixtures ($153k), and Large Iron Containers ($86.5k). Over the past 5 years the exports of Cyprus to North Macedonia have decreased at an annualized rate of 9.54%, from $3.18M in 2018 to $1.93M in 2023.

In 2023, Cyprus did not export any services to North Macedonia.

North Macedonia-Cyprus Trade: In 2023, North Macedonia exported $2.43M to Cyprus. The main products that North Macedonia exported to Cyprus were Eggs ($690k), Other Inorganic Acids ($420k), and Packaged Medicaments ($303k). Over the past 5 years the exports of North Macedonia to Cyprus have increased at an annualized rate of 14.3%,  from $1.25M in 2018 to $2.43M in 2023.

In 2023, North Macedonia did not export any services to Cyprus.

Comparison In 2023,  Cyprus ranked 126 in total exports ($5.7B). That same year, North Macedonia ranked 104 in total exports ($10.1B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cyprus exported $1.93M to North Macedonia. The main products exported from Cyprus to North Macedonia were Packaged Medicaments ($1.55M), Light Fixtures ($153k), and Large Iron Containers ($86.5k). During the last 5 years the exports of Cyprus to North Macedonia have decreased at an annualized rate of 9.54%, from $3.18M in 2018 to $1.93M in 2023.

In 2018, North Macedonia exported $2.43M to Cyprus. The main products exported from North Macedonia to Cyprus were Eggs ($690k), Other Inorganic Acids ($420k), and Packaged Medicaments ($303k). During the last 5 years the exports of North Macedonia to Cyprus have increased at an annualized rate of 14.3%, from $1.25M in 2023 to $2.43M in 2018.

Exports from Cyprus (Flag) to North Macedonia (Flag) (2023)

Exports from North Macedonia (Flag) to Cyprus (Flag) (2023)

Latest Data

Trade between Cyprus (Flag) and North Macedonia (Flag)

Cyprus Exports

North Macedonia Exports

Market Competitiveness

Color
Cyprus
Top Destination
Libya$775M
North Macedonia
Top Destination
Germany$4B

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

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

In 2023, countries that imported more from North Macedonia than Cyprus included Germany ($4B), Serbia ($827M), and Bulgaria ($566M).

Difference in imports from North Macedonia (Flag) and Cyprus (Flag) (2023)

Comparative Advantage Cyprus - North Macedonia

Flow
Scale

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

During 2023, Cyprus had a large net trade with North Macedonia in the exports of Chemical Products ($1.57M), Miscellaneous ($155k), and Metals ($89.9k).

During 2018, North Macedonia had a large net trade with Cyprus in the exports of Chemical Products ($725k), Animal Products ($690k), and Foodstuffs ($476k).

Economic Complexity

Competitive Landscape

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

Product Space of Cyprus (Flag) and North Macedonia (Flag) (2023)

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