Cyprus (CYP) and Ukraine (UKR) Trade | The Observatory of Economic Complexity

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Cyprus-Ukraine Trade: In 2023, Cyprus exported $18.7M to Ukraine. The main products that Cyprus exported to Ukraine were Packaged Medicaments ($10.4M), Video Recording Equipment ($5.24M), and Refined Petroleum ($1.92M). Over the past 5 years the exports of Cyprus to Ukraine have decreased at an annualized rate of 1.2%, from $19.9M in 2018 to $18.7M in 2023.

In 2023, Cyprus did not export any services to Ukraine.

Ukraine-Cyprus Trade: In 2023, Ukraine exported $123M to Cyprus. The main products that Ukraine exported to Cyprus were Corn ($54.6M), Barley ($30M), and Soybeans ($13.4M). Over the past 5 years the exports of Ukraine to Cyprus have increased at an annualized rate of 19.7%, from $49.9M in 2018 to $123M in 2023.

In 2020, Ukraine exported services to Cyprus worth $400M, with Computer and information services ($201M), Transportation ($123M), and Other business services ($45.9M) 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, Ukraine ranked 47 in the Economic Complexity Index (ECI 0.39), and 64 in total exports ($40.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Cyprus exported $18.7M to Ukraine. The main products exported from Cyprus to Ukraine were Packaged Medicaments ($10.4M), Video Recording Equipment ($5.24M), and Refined Petroleum ($1.92M). During the last 5 years the exports of Cyprus to Ukraine have decreased at an annualized rate of 1.2%, from $19.9M in 2018 to $18.7M in 2023.

In 2018, Ukraine exported $123M to Cyprus. The main products exported from Ukraine to Cyprus were Corn ($54.6M), Barley ($30M), and Soybeans ($13.4M). During the last 5 years the exports of Ukraine to Cyprus have increased at an annualized rate of 19.7%, from $49.9M in 2023 to $123M in 2018.

Exports from Cyprus () to Ukraine () (2023)

Exports from Ukraine () to Cyprus () (2023)

Latest Data

Trade between Cyprus () and Ukraine ()

Cyprus Exports

Date

Ukraine Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Cyprus
Top DestinationLibya$775M

Ukraine
Top DestinationPoland$4.83B

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

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

In 2023, countries that imported more from Ukraine than Cyprus included Poland ($4.83B), Romania ($3.56B), and Turkey ($2.88B).

Difference in imports from Ukraine () and Cyprus () (2023)

Comparative Advantage Cyprus - Ukraine

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Cyprus had a large net trade with Ukraine in the exports of Chemical Products ($10.8M), Machines ($5.4M), and Mineral Products ($1.92M).

During 2018, Ukraine had a large net trade with Cyprus in the exports of Vegetable Products ($102M), Animal and Vegetable Bi-Products ($7.85M), and Foodstuffs ($6.13M).

Bilateral Service Trade

Ukr Year

In 2020, Ukraine exported services to Cyprus worth $400M, with Computer and information services ($201M), Transportation ($123M), and Other business services ($45.9M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Ukraine () to Cyprus () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Cyprus () to Ukraine () (2023)

Exports from Ukraine () to Cyprus () (2023)

Latest Data

Trade between Cyprus () and Ukraine ()

Cyprus Exports

Ukraine Exports

Market Competitiveness

Difference in imports from Ukraine () and Cyprus () (2023)

Comparative Advantage Cyprus - Ukraine

Bilateral Service Trade

Services Exports from Ukraine () to Cyprus () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Cyprus () and Ukraine () (2023)

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