Cyprus / Russia

Cyprus-Russia Trade: In 2022, Cyprus exported $43.8M to Russia. The main products that Cyprus exported to Russia were Planes, Helicopters, and/or Spacecraft ($35.1M), Tug Boats ($4.64M), and Packaged Medicaments ($1.64M). Over the past 5 years the exports of Cyprus to Russia have decreased at an annualized rate of 7.96%, from $66.3M in 2017 to $43.8M in 2022.

In 2020, Cyprus exported services to Russia worth $2.74B, with Financial services ($1.73B), Transportation ($447M), and Computer and information services ($404M) being the largest in terms of value.

Russia-Cyprus Trade: In 2022, Russia exported $198M to Cyprus. The main products that Russia exported to Cyprus were Coal Tar Oil ($111M), Refined Petroleum ($34.5M), and Tug Boats ($23.5M). Over the past 5 years the exports of Russia to Cyprus have decreased at an annualized rate of 10.9%,  from $352M in 2017 to $198M in 2022.

In 2020, Russia exported services to Cyprus worth $3.15B, with Transportation ($1.61B), Other business services ($542M), and Computer and information services ($420M) 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, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).