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Pricing

2022
Flag → Flag
Exports $60.2kRnk 174 / 194
2022
Flag → Flag
Top Product $59.6kPackaged Medicaments
2022
Flag → Flag
Exports $174kRnk 85 / 126
2022
Flag → Flag
Top Product $120kCocoa Paste
2022
Flag
Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
Flag  
GDP$28.4BCURRENT US$
Rnk 105 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 138 / 186
2022
Flag
GDP PC $31,284CURRENT US$
Rnk 36 / 186
2012-2022
Flag
GDP PC GROWTH7.9%CURRENT US$
Rnk 123 / 186

About

Cyprus-Venezuela Trade: In 2022, Cyprus exported $60.2k to Venezuela. The main products that Cyprus exported to Venezuela were Packaged Medicaments ($59.6k) and Low-voltage Protection Equipment ($655). Over the past 5 years the exports of Cyprus to Venezuela have decreased at an annualized rate of 5.72%, from $80.9k in 2017 to $60.2k in 2022.

In 2019, Cyprus exported services to Venezuela worth $7.84M, with Transportation ($7.84M) being the largest in terms of value.

Venezuela-Cyprus Trade: In 2022, Venezuela exported $174k to Cyprus. The main products that Venezuela exported to Cyprus were Cocoa Paste ($120k), Wood Charcoal ($52.7k), and Base Metal Watches ($306). Over the past 5 years the exports of Venezuela to Cyprus have decreased at an annualized rate of 33.3%,  from $1.98M in 2017 to $174k in 2022.

In 2022, Venezuela did not export any services to Cyprus.

Comparison In 2022,  Cyprus ranked 125 in total exports ($4.91B), and does not have data regarding Economic Complexity Index. That same year, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Cyprus exported $60.2k to Venezuela. The main products exported from Cyprus to Venezuela were Packaged Medicaments ($59.6k) and Low-voltage Protection Equipment ($655). During the last 5 years the exports of Cyprus to Venezuela have decreased at an annualized rate of 5.72%, from $80.9k in 2017 to $60.2k in 2022.

In 2017, Venezuela exported $174k to Cyprus. The main products exported from Venezuela to Cyprus were Cocoa Paste ($120k), Wood Charcoal ($52.7k), and Base Metal Watches ($306). During the last 5 years the exports of Venezuela to Cyprus have decreased at an annualized rate of 33.3%, from $1.98M in 2022 to $174k in 2017.

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

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

Latest Data

Trade between Cyprus (Flag) and Venezuela (Flag)

Cyprus Exports

Market Competitiveness

Color
Cyprus
Top DestinationHong Kong$482M
Venezuela
Top DestinationChina$703M

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

In 2022, countries that imported more from Cyprus than Venezuela included Greece ($471M), Hong Kong ($482M), and United Kingdom ($276M).

In 2022, countries that imported more from Venezuela than Cyprus included China ($703M), Spain ($518M), and Turkey ($597M).

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

Comparative Advantage Cyprus - Venezuela

Flow
Scale

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

During 2022, Cyprus had a large net trade with Venezuela in the exports of Chemical Products ($59.6k) and Machines ($655).

During 2017, Venezuela had a large net trade with Cyprus in the exports of Foodstuffs ($120k), Wood Products ($52.7k), and Instruments ($306).

Economic Complexity

Competitive Landscape

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

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

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