2023
Flag  
GDP
$33.9BCURRENT US$
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2013-2023
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GDP GROWTH
41.4%CURRENT US$
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2023
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 GDP
$40.9BCURRENT US$
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2013-2023
Flag
GDP GROWTH
84.6%CURRENT US$
Rnk 26 / 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
$1,378CURRENT US$
Rnk 169 / 196
2013-2023
Flag
GDP PC GROWTH
71.5%CURRENT US$
Rnk 24 / 195

About

Cyprus-Nepal Trade: In 2023, Cyprus exported $62.1k to Nepal. The main products that Cyprus exported to Nepal were Packaged Medicaments ($55.9k), Used Clothing ($5.03k), and Telephones ($1.16k). Over the past 5 years the exports of Cyprus to Nepal have decreased at an annualized rate of 21.4%, from $207k in 2018 to $62.1k in 2023.

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

Nepal-Cyprus Trade: In 2023, Nepal exported $60.1k to Cyprus. The main products that Nepal exported to Cyprus were Knotted Carpets ($10.4k), Non-Knit Women's Suits ($8.98k), and Knit T-shirts ($6.07k). Over the past 5 years the exports of Nepal to Cyprus have increased at an annualized rate of 10.6%,  from $36.3k in 2018 to $60.1k in 2023.

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

Comparison In 2023,  Cyprus ranked 126 in total exports ($5.7B). That same year, Nepal ranked 156 in total exports ($1.21B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cyprus exported $62.1k to Nepal. The main products exported from Cyprus to Nepal were Packaged Medicaments ($55.9k), Used Clothing ($5.03k), and Telephones ($1.16k). During the last 5 years the exports of Cyprus to Nepal have decreased at an annualized rate of 21.4%, from $207k in 2018 to $62.1k in 2023.

In 2018, Nepal exported $60.1k to Cyprus. The main products exported from Nepal to Cyprus were Knotted Carpets ($10.4k), Non-Knit Women's Suits ($8.98k), and Knit T-shirts ($6.07k). During the last 5 years the exports of Nepal to Cyprus have increased at an annualized rate of 10.6%, from $36.3k in 2023 to $60.1k in 2018.

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

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

Latest Data

Trade between Cyprus (Flag) and Nepal (Flag)

Cyprus Exports

Market Competitiveness

Color
Cyprus
Top Destination
Libya$775M
Nepal
Top Destination
India$811M

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

In 2023, countries that imported more from Cyprus than Nepal included Libya ($775M), Greece ($626M), and Lebanon ($438M).

In 2023, countries that imported more from Nepal than Cyprus included India ($811M), Japan ($13M), and Lesotho ($16.2k).

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

Comparative Advantage Cyprus - Nepal

Flow
Scale

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

During 2023, Cyprus had a large net trade with Nepal in the exports of Chemical Products ($55.9k), Textiles ($5.03k), and Machines ($1.16k).

During 2018, Nepal had a large net trade with Cyprus in the exports of Textiles ($41.8k), Chemical Products ($4.85k), and Precious Metals ($4.01k).

Economic Complexity

Competitive Landscape

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

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

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