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2023
Flag → Flag
Exports $121MRnk 13 / 196
2023
Flag → Flag
Top Product $49.4MCitrus
2023
Flag → Flag
Exports $972MRnk 55 / 216
2023
Flag → Flag
Top Product $93MCoal Tar Oil
2023
Flag
Economic Complexity (ECI) ECI 0.62Rnk 41 / 132
2023
Flag  
GDP$33.9BCURRENT US$
Rnk 106 / 195
2013-2023
Flag
GDP GROWTH41.4%CURRENT US$
Rnk 91 / 195
2023
Flag
 GDP$1.12TCURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP GROWTH16.8%CURRENT US$
Rnk 149 / 195
2023
Flag
GDP PC $36,551CURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP PC GROWTH31.5%CURRENT US$
Rnk 76 / 195
2023
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GDP PC$13,106CURRENT US$
Rnk 77 / 196
2013-2023
Flag
GDP PC GROWTH4.19%CURRENT US$
Rnk 147 / 195

About

Cyprus-Turkey Trade: In 2023, Cyprus exported $121M to Turkey. The main products that Cyprus exported to Turkey were Citrus ($49.4M), Cheese ($20.6M), and Scrap Iron ($11.7M). Over the past 5 years the exports of Cyprus to Turkey have increased at an annualized rate of 4.99%, from $94.7M in 2018 to $121M in 2023.

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 2023, Turkey exported $972M to Cyprus. The main products that Turkey exported to Cyprus were Coal Tar Oil ($93M), Raw Iron Bars ($86.3M), and Refined Petroleum ($77.8M). Over the past 5 years the exports of Turkey to Cyprus have increased at an annualized rate of 7.47%,  from $678M in 2018 to $972M in 2023.

In 2009, Turkey exported services to Cyprus worth $3.1M, with Insurance services ($3.1M) 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cyprus exported $121M to Turkey. The main products exported from Cyprus to Turkey were Citrus ($49.4M), Cheese ($20.6M), and Scrap Iron ($11.7M). During the last 5 years the exports of Cyprus to Turkey have increased at an annualized rate of 4.99%, from $94.7M in 2018 to $121M in 2023.

In 2018, Turkey exported $972M to Cyprus. The main products exported from Turkey to Cyprus were Coal Tar Oil ($93M), Raw Iron Bars ($86.3M), and Refined Petroleum ($77.8M). During the last 5 years the exports of Turkey to Cyprus have increased at an annualized rate of 7.47%, from $678M in 2023 to $972M in 2018.

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

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

Latest Data

Trade between Cyprus (Flag) and Turkey (Flag)

Cyprus Exports

Turkey Exports

Market Competitiveness

Color
Cyprus
Top DestinationLibya$775M
Turkey
Top DestinationGermany$24.7B

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 2023, countries that imported more from Cyprus than Turkey included Bermuda ($403M), Marshall Islands ($294M), and Curaçao ($494k).

In 2023, countries that imported more from Turkey than Cyprus included Germany ($24.7B), United States ($15.9B), and United Kingdom ($15.1B).

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

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 2023, Cyprus had a large net trade with Turkey in the exports of Vegetable Products ($51.5M), Animal Products ($24.2M), and Metals ($18.1M).

During 2018, Turkey had a large net trade with Cyprus in the exports of Mineral Products ($230M), Metals ($163M), and Foodstuffs ($161M).

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) (2023)

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