Cyprus (CYP) and Malta (MLT) Trade | The Observatory of Economic Complexity

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Cyprus-Malta Trade: In 2023, Cyprus exported $17.9M to Malta. The main products that Cyprus exported to Malta were Packaged Medicaments ($5.33M), Bitumen and asphalt ($2.43M), and Fruit Juice ($1.2M). Over the past 5 years the exports of Cyprus to Malta have increased at an annualized rate of 2.09%, from $16.2M in 2018 to $17.9M in 2023.

In 2020, Cyprus exported services to Malta worth $107M, with Transportation ($103M), Financial services ($3.43M), and Other business services ($1.14M) being the largest in terms of value.

Malta-Cyprus Trade: In 2023, Malta exported $67.5M to Cyprus. The main products that Malta exported to Cyprus were Passenger and Cargo Ships ($38.8M), Refined Petroleum ($18.2M), and Recreational Boats ($4.29M). Over the past 5 years the exports of Malta to Cyprus have increased at an annualized rate of 24.4%, from $22.7M in 2018 to $67.5M in 2023.

In 2020, Malta exported services to Cyprus worth $0, with being the largest in terms of value.

Comparison In 2023, Cyprus ranked 126 in total exports ($5.7B). That same year, Malta ranked 112 in total exports ($8.21B). 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 2023, Cyprus exported $17.9M to Malta. The main products exported from Cyprus to Malta were Packaged Medicaments ($5.33M), Bitumen and asphalt ($2.43M), and Fruit Juice ($1.2M). During the last 5 years the exports of Cyprus to Malta have increased at an annualized rate of 2.09%, from $16.2M in 2018 to $17.9M in 2023.

In 2018, Malta exported $67.5M to Cyprus. The main products exported from Malta to Cyprus were Passenger and Cargo Ships ($38.8M), Refined Petroleum ($18.2M), and Recreational Boats ($4.29M). During the last 5 years the exports of Malta to Cyprus have increased at an annualized rate of 24.4%, from $22.7M in 2023 to $67.5M in 2018.

Exports from Cyprus () to Malta () (2023)

Exports from Malta () to Cyprus () (2023)

Latest Data

Trade between Cyprus () and Malta ()

Cyprus Exports

Date

Malta Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Cyprus
Top DestinationLibya$775M

Malta
Top DestinationNigeria$2.26B

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

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

In 2023, countries that imported more from Malta than Cyprus included Nigeria ($2.26B), Germany ($849M), and China ($494M).

Difference in imports from Malta () and Cyprus () (2023)

Comparative Advantage Cyprus - Malta

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Cyprus had a large net trade with Malta in the exports of Chemical Products ($5.78M), Foodstuffs ($3.22M), and Mineral Products ($2.45M).

During 2018, Malta had a large net trade with Cyprus in the exports of Transportation ($43.1M), Mineral Products ($18.2M), and Metals ($2.27M).

Bilateral Service Trade

Mlt Year

Cyp Year

In 2020, Cyprus exported services to Malta worth $107M, with Transportation ($103M), Financial services ($3.43M), and Other business services ($1.14M) being the largest in terms of value.

In 2020, Malta exported services to Cyprus worth $0, with being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Cyprus () to Malta () (2020)

Services Exports from Malta () to Cyprus () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Cyprus () to Malta () (2023)

Exports from Malta () to Cyprus () (2023)

Latest Data

Trade between Cyprus () and Malta ()

Cyprus Exports

Malta Exports

Market Competitiveness

Difference in imports from Malta () and Cyprus () (2023)

Comparative Advantage Cyprus - Malta

Bilateral Service Trade

Services Exports from Cyprus () to Malta () (2020)

Services Exports from Malta () to Cyprus () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Cyprus () and Malta () (2023)

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