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2022
Flag → Flag
Exports $12.8MRnk 52 / 194
2022
Flag → Flag
Top Product $8.57MPassenger and Cargo Ships
2022
Flag → Flag
Exports $7.86MRnk 54 / 153
2022
Flag → Flag
Top Product $7.51MPassenger and Cargo Ships
2022
Flag
Economic Complexity (ECI) ECI 0.17Rnk 56 / 133
2022
Flag  
GDP$28.4BCURRENT US$
Rnk 105 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 138 / 186
2022
Flag
 GDP$76.5BCURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP GROWTH89.3%CURRENT US$
Rnk 19 / 186
2022
Flag
GDP PC $31,284CURRENT US$
Rnk 36 / 186
2012-2022
Flag
GDP PC GROWTH7.9%CURRENT US$
Rnk 123 / 186
2022
Flag
GDP PC$17,358CURRENT US$
Rnk 59 / 186
2012-2022
Flag
GDP PC GROWTH61.2%CURRENT US$
Rnk 26 / 186

About

Cyprus-Panama Trade: In 2022, Cyprus exported $12.8M to Panama. The main products that Cyprus exported to Panama were Passenger and Cargo Ships ($8.57M), Tug Boats ($3.37M), and Packaged Medicaments ($553k). Over the past 5 years the exports of Cyprus to Panama have increased at an annualized rate of 14.4%, from $6.5M in 2017 to $12.8M in 2022.

In 2022, Cyprus did not export any services to Panama.

Panama-Cyprus Trade: In 2022, Panama exported $7.86M to Cyprus. The main products that Panama exported to Cyprus were Passenger and Cargo Ships ($7.51M), Railway Cargo Containers ($303k), and Cigarette Paper ($21.9k). Over the past 5 years the exports of Panama to Cyprus have decreased at an annualized rate of 26.4%,  from $36.3M in 2017 to $7.86M in 2022.

In 2022, Panama did not export any services to Cyprus.

Comparison In 2022,  Cyprus ranked 125 in total exports ($4.91B), and does not have data regarding Economic Complexity Index. That same year, Panama ranked 56 in the Economic Complexity Index (ECI 0.17), and 119 in total exports ($6.62B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Cyprus exported $12.8M to Panama. The main products exported from Cyprus to Panama were Passenger and Cargo Ships ($8.57M), Tug Boats ($3.37M), and Packaged Medicaments ($553k). During the last 5 years the exports of Cyprus to Panama have increased at an annualized rate of 14.4%, from $6.5M in 2017 to $12.8M in 2022.

In 2017, Panama exported $7.86M to Cyprus. The main products exported from Panama to Cyprus were Passenger and Cargo Ships ($7.51M), Railway Cargo Containers ($303k), and Cigarette Paper ($21.9k). During the last 5 years the exports of Panama to Cyprus have decreased at an annualized rate of 26.4%, from $36.3M in 2022 to $7.86M in 2017.

Exports from Cyprus (Flag) to Panama (Flag) (2022)

Exports from Panama (Flag) to Cyprus (Flag) (2022)

Latest Data

Trade between Cyprus (Flag) and Panama (Flag)

Cyprus Exports

Market Competitiveness

Color
Cyprus
Top DestinationHong Kong$482M
Panama
Top DestinationChina$1.14B

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 2022, countries that imported more from Cyprus than Panama included Greece ($471M), Hong Kong ($482M), and Lebanon ($329M).

In 2022, countries that imported more from Panama than Cyprus included China ($1.14B), Japan ($785M), and South Korea ($539M).

Difference in imports from Panama (Flag) and Cyprus (Flag) (2022)

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 2022, Cyprus had a large net trade with Panama in the exports of Transportation ($11.9M), Chemical Products ($625k), and Machines ($96.2k).

During 2017, Panama had a large net trade with Cyprus in the exports of Transportation ($7.82M), Paper Goods ($22.7k), and Vegetable Products ($11.3k).

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) (2022)

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