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2022
Flag → Flag
Exports $115MRnk 13 / 194
2022
Flag → Flag
Top Product $25.3MCitrus
2022
Flag → Flag
Exports $1.76BRnk 36 / 219
2022
Flag → Flag
Top Product $615MRefined Petroleum
2022
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Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag  
GDP$28.4BCURRENT US$
Rnk 105 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 138 / 186
2022
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 GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 160 / 186
2022
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GDP PC $31,284CURRENT US$
Rnk 36 / 186
2012-2022
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GDP PC GROWTH7.9%CURRENT US$
Rnk 123 / 186
2022
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GDP PC$10,616CURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186

About

Cyprus-Turkey Trade: In 2022, Cyprus exported $115M to Turkey. The main products that Cyprus exported to Turkey were Citrus ($25.3M), Cheese ($18.8M), and Scrap Iron ($13.9M). Over the past 5 years the exports of Cyprus to Turkey have increased at an annualized rate of 4.29%, from $93M in 2017 to $115M in 2022.

In 2020, Cyprus exported services to Turkey worth $1.14M, with Transportation ($1.14M) being the largest in terms of value.

Turkey-Cyprus Trade: In 2022, Turkey exported $1.76B to Cyprus. The main products that Turkey exported to Cyprus were Refined Petroleum ($615M), Raw Iron Bars ($69.8M), and Coal Tar Oil ($69.6M). Over the past 5 years the exports of Turkey to Cyprus have increased at an annualized rate of 10.8%,  from $1.05B in 2017 to $1.76B in 2022.

In 2009, Turkey exported services to Cyprus worth $3.1M, with Insurance services ($3.1M) 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Cyprus exported $115M to Turkey. The main products exported from Cyprus to Turkey were Citrus ($25.3M), Cheese ($18.8M), and Scrap Iron ($13.9M). During the last 5 years the exports of Cyprus to Turkey have increased at an annualized rate of 4.29%, from $93M in 2017 to $115M in 2022.

In 2017, Turkey exported $1.76B to Cyprus. The main products exported from Turkey to Cyprus were Refined Petroleum ($615M), Raw Iron Bars ($69.8M), and Coal Tar Oil ($69.6M). During the last 5 years the exports of Turkey to Cyprus have increased at an annualized rate of 10.8%, from $1.05B in 2022 to $1.76B in 2017.

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

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

Latest Data

Trade between Cyprus (Flag) and Turkey (Flag)

Cyprus Exports

Turkey Exports

Market Competitiveness

Color
Cyprus
Top DestinationHong Kong$482M
Turkey
Top DestinationGermany$21.9B

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

In 2022, countries that imported more from Cyprus than Turkey included Seychelles ($70.8M), Liberia ($255M), and Antigua and Barbuda ($12.2M).

In 2022, countries that imported more from Turkey than Cyprus included Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

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

Comparative Advantage Cyprus - Turkey

Flow
Scale

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

During 2022, Cyprus had a large net trade with Turkey in the exports of Vegetable Products ($29.3M), Metals ($21.7M), and Animal Products ($21.1M).

During 2017, Turkey had a large net trade with Cyprus in the exports of Mineral Products ($746M), Metals ($186M), and Machines ($168M).

Economic Complexity

Competitive Landscape

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

Product Space of Cyprus (Flag) and Turkey (Flag) (2022)

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