Cyprus / Portugal

Cyprus-Portugal Trade: In 2023, Cyprus exported $15.5M to Portugal. The main products that Cyprus exported to Portugal were Packaged Medicaments ($4.88M), Inedible Fats and Oils ($1.72M), and Plastic Building Materials ($1.6M). Over the past 5 years the exports of Cyprus to Portugal have decreased at an annualized rate of 0.59%, from $15.9M in 2018 to $15.5M in 2023.

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 2023, Portugal exported $57.5M to Cyprus. The main products that Portugal exported to Cyprus were Coal Tar Oil ($5.33M), Packaged Medicaments ($3.92M), and Uncoated Paper ($3.07M). Over the past 5 years the exports of Portugal to Cyprus have increased at an annualized rate of 4.7%,  from $45.7M in 2018 to $57.5M in 2023.

In 2020, Portugal exported services to Cyprus worth $6.85M, with Travel ($6.85M) 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B).