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2023
Flag → Flag
Exports $16.1MRnk 44 / 196
2023
Flag → Flag
Top Product $7.22MCars
2023
Flag → Flag
Exports $41.4MRnk 120 / 216
2023
Flag → Flag
Top Product $6.53MDelivery Trucks
2023
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 132
2023
Flag  
GDP$33.9BCURRENT US$
Rnk 106 / 195
2013-2023
Flag
GDP GROWTH41.4%CURRENT US$
Rnk 91 / 195
2023
Flag
 GDP$515BCURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP GROWTH22.5%CURRENT US$
Rnk 133 / 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$7,182CURRENT US$
Rnk 102 / 196
2013-2023
Flag
GDP PC GROWTH19.3%CURRENT US$
Rnk 103 / 195

About

Cyprus-Thailand Trade: In 2023, Cyprus exported $16.1M to Thailand. The main products that Cyprus exported to Thailand were Cars ($7.22M), Packaged Medicaments ($4.8M), and Recovered Paper ($1.19M). Over the past 5 years the exports of Cyprus to Thailand have decreased at an annualized rate of 9.87%, from $27M in 2018 to $16.1M in 2023.

In 2017, Cyprus exported services to Thailand worth $1.13M, with Financial services ($1.13M) being the largest in terms of value.

Thailand-Cyprus Trade: In 2023, Thailand exported $41.4M to Cyprus. The main products that Thailand exported to Cyprus were Delivery Trucks ($6.53M), Air Conditioners ($5.42M), and Semiconductor Devices ($3.17M). Over the past 5 years the exports of Thailand to Cyprus have increased at an annualized rate of 9.41%,  from $26.4M in 2018 to $41.4M in 2023.

In 2023, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cyprus exported $16.1M to Thailand. The main products exported from Cyprus to Thailand were Cars ($7.22M), Packaged Medicaments ($4.8M), and Recovered Paper ($1.19M). During the last 5 years the exports of Cyprus to Thailand have decreased at an annualized rate of 9.87%, from $27M in 2018 to $16.1M in 2023.

In 2018, Thailand exported $41.4M to Cyprus. The main products exported from Thailand to Cyprus were Delivery Trucks ($6.53M), Air Conditioners ($5.42M), and Semiconductor Devices ($3.17M). During the last 5 years the exports of Thailand to Cyprus have increased at an annualized rate of 9.41%, from $26.4M in 2023 to $41.4M in 2018.

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

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

Latest Data

Trade between Cyprus (Flag) and Thailand (Flag)

Cyprus Exports

Thailand Exports

Market Competitiveness

Color
Cyprus
Top DestinationLibya$775M
Thailand
Top DestinationUnited States$58.5B

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

In 2023, countries that imported more from Cyprus than Thailand included Libya ($775M), Greece ($626M), and Bermuda ($403M).

In 2023, countries that imported more from Thailand than Cyprus included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

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

Comparative Advantage Cyprus - Thailand

Flow
Scale

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

During 2023, Cyprus had a large net trade with Thailand in the exports of Transportation ($7.85M), Chemical Products ($4.8M), and Paper Goods ($1.19M).

During 2018, Thailand had a large net trade with Cyprus in the exports of Machines ($15.8M), Transportation ($8.34M), and Foodstuffs ($5.69M).

Economic Complexity

Competitive Landscape

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

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

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