Cyprus / Norway

Cyprus-Norway Trade: In 2023, Cyprus exported $67.6M to Norway. The main products that Cyprus exported to Norway were Tug Boats ($32.8M), Passenger and Cargo Ships ($23.2M), and Sculptures ($2.44M). Over the past 5 years the exports of Cyprus to Norway have decreased at an annualized rate of 25.1%, from $288M in 2018 to $67.6M in 2023.

In 2020, Cyprus exported services to Norway worth $43.4M, with Transportation ($36.6M), Financial services ($3.43M), and Travel ($2.28M) being the largest in terms of value.

Norway-Cyprus Trade: In 2023, Norway exported $85.1M to Cyprus. The main products that Norway exported to Cyprus were Tug Boats ($49.2M), Passenger and Cargo Ships ($11.5M), and Excavation Machinery ($5.9M). Over the past 5 years the exports of Norway to Cyprus have increased at an annualized rate of 6.86%,  from $57.2M in 2018 to $85.1M in 2023.

In 2009, Norway exported services to Cyprus worth $35.3M, with Transportation ($16.9M), Other business services ($8.95M), and Travel ($8.15M) being the largest in terms of value.

Comparison In 2023,  Cyprus ranked 126 in total exports ($5.7B), and does not have data regarding Economic Complexity Index. That same year, Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B).