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2023
Flag → Flag
Exports $983kRnk 112 / 196
2023
Flag → Flag
Top Product $733kPackaged Medicaments
2023
Flag → Flag
Exports $338kRnk 98 / 146
2023
Flag → Flag
Top Product $191kRailway Cargo Containers
2023
Flag
Economic Complexity (ECI) ECI -0.14Rnk 69 / 132
2023
Flag  
GDP$33.9BCURRENT US$
Rnk 106 / 195
2013-2023
Flag
GDP GROWTH41.4%CURRENT US$
Rnk 91 / 195
2023
Flag
 GDP$83.3BCURRENT US$
Rnk 76 / 195
2013-2023
Flag
GDP GROWTH77.5%CURRENT US$
Rnk 32 / 195
2023
Flag
GDP PC $36,551CURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP PC GROWTH31.5%CURRENT US$
Rnk 76 / 195
2023
Flag
GDP PC$18,686CURRENT US$
Rnk 65 / 196
2013-2023
Flag
GDP PC GROWTH52.3%CURRENT US$
Rnk 43 / 195

About

Cyprus-Panama Trade: In 2023, Cyprus exported $983k to Panama. The main products that Cyprus exported to Panama were Packaged Medicaments ($733k), Liquid Dispersing Machines ($52k), and Computers ($42.6k). Over the past 5 years the exports of Cyprus to Panama have decreased at an annualized rate of 34.3%, from $8M in 2018 to $983k in 2023.

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

Panama-Cyprus Trade: In 2023, Panama exported $338k to Cyprus. The main products that Panama exported to Cyprus were Railway Cargo Containers ($191k), Rough Wood ($140k), and Office Machine Parts ($3.78k). Over the past 5 years the exports of Panama to Cyprus have decreased at an annualized rate of 71.7%,  from $186M in 2018 to $338k in 2023.

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

Comparison In 2023,  Cyprus ranked 126 in total exports ($5.7B), and does not have data regarding Economic Complexity Index. That same year, Panama ranked 69 in the Economic Complexity Index (ECI -0.14), and 121 in total exports ($6.59B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cyprus exported $983k to Panama. The main products exported from Cyprus to Panama were Packaged Medicaments ($733k), Liquid Dispersing Machines ($52k), and Computers ($42.6k). During the last 5 years the exports of Cyprus to Panama have decreased at an annualized rate of 34.3%, from $8M in 2018 to $983k in 2023.

In 2018, Panama exported $338k to Cyprus. The main products exported from Panama to Cyprus were Railway Cargo Containers ($191k), Rough Wood ($140k), and Office Machine Parts ($3.78k). During the last 5 years the exports of Panama to Cyprus have decreased at an annualized rate of 71.7%, from $186M in 2023 to $338k in 2018.

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

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

Latest Data

Trade between Cyprus (Flag) and Panama (Flag)

Cyprus Exports

Market Competitiveness

Color
Cyprus
Top DestinationLibya$775M
Panama
Top DestinationChina$1.62B

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

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

In 2023, countries that imported more from Panama than Cyprus included China ($1.62B), Japan ($653M), and Thailand ($346M).

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

Comparative Advantage Cyprus - Panama

Flow
Scale

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

During 2023, Cyprus had a large net trade with Panama in the exports of Chemical Products ($733k), Machines ($196k), and Plastics and Rubbers ($45.4k).

During 2018, Panama had a large net trade with Cyprus in the exports of Transportation ($191k), Wood Products ($140k), and Machines ($5.14k).

Economic Complexity

Competitive Landscape

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

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

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