Cyprus / Portugal

Cyprus-Portugal Trade: In 2022, Cyprus exported $22.1M to Portugal. The main products that Cyprus exported to Portugal were Bovine Meat ($5.11M), Packaged Medicaments ($3.5M), and Inedible Fats and Oils ($2.25M). Over the past 5 years the exports of Cyprus to Portugal have increased at an annualized rate of 22.5%, from $8.02M in 2017 to $22.1M in 2022.

In 2020, Cyprus exported services to Portugal worth $18.3M, with Transportation ($11.4M), Financial services ($4.57M), and Other business services ($2.28M) being the largest in terms of value.

Portugal-Cyprus Trade: In 2022, Portugal exported $50.3M to Cyprus. The main products that Portugal exported to Cyprus were Cars ($6.76M), Uncoated Paper ($3.36M), and Other Electrical Machinery ($2.78M). Over the past 5 years the exports of Portugal to Cyprus have decreased at an annualized rate of 1.23%,  from $54.9M in 2017 to $50.3M in 2022.

In 2020, Portugal exported services to Cyprus worth $6.85M, with Travel ($6.85M) being the largest in terms of value.

Comparison In 2022,  Cyprus ranked 125 in total exports ($4.91B), and does not have data regarding Economic Complexity Index. That same year, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).