Denmark (DNK) and Cyprus (CYP) Trade | The Observatory of Economic Complexity

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Denmark-Cyprus Trade: In 2023, Denmark exported $63.6M to Cyprus. The main products that Denmark exported to Cyprus were Cheese ($6.44M), Fish Fillets ($3.99M), and Beauty Products ($2.98M). Over the past 5 years the exports of Denmark to Cyprus have decreased at an annualized rate of 6.53%, from $89.1M in 2018 to $63.6M in 2023.

In 2020, Denmark exported services to Cyprus worth $101M, with Transportation ($49M), Other business services ($28.2M), and Construction services ($10.6M) being the largest in terms of value.

Cyprus-Denmark Trade: In 2023, Cyprus exported $46.4M to Denmark. The main products that Cyprus exported to Denmark were Passenger and Cargo Ships ($20.9M), Packaged Medicaments ($6.91M), and Cheese ($6.58M). Over the past 5 years the exports of Cyprus to Denmark have decreased at an annualized rate of 2.39%, from $52.3M in 2018 to $46.4M in 2023.

In 2020, Cyprus exported services to Denmark worth $106M, with Transportation ($85.7M), Travel ($17.1M), and Financial services ($3.43M) being the largest in terms of value.

Comparison In 2023, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B). That same year, Cyprus ranked 126 in total exports ($5.7B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Denmark exported $63.6M to Cyprus. The main products exported from Denmark to Cyprus were Cheese ($6.44M), Fish Fillets ($3.99M), and Beauty Products ($2.98M). During the last 5 years the exports of Denmark to Cyprus have decreased at an annualized rate of 6.53%, from $89.1M in 2018 to $63.6M in 2023.

In 2018, Cyprus exported $46.4M to Denmark. The main products exported from Cyprus to Denmark were Passenger and Cargo Ships ($20.9M), Packaged Medicaments ($6.91M), and Cheese ($6.58M). During the last 5 years the exports of Cyprus to Denmark have decreased at an annualized rate of 2.39%, from $52.3M in 2023 to $46.4M in 2018.

Exports from Denmark () to Cyprus () (2023)

Exports from Cyprus () to Denmark () (2023)

Latest Data

Trade between Denmark () and Cyprus ()

Denmark Exports

Date

Cyprus Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Denmark
Top DestinationGermany$14.8B

Cyprus
Top DestinationLibya$775M

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

In 2023, countries that imported more from Denmark than Cyprus included Germany ($14.8B), United States ($12B), and Sweden ($11.2B).

In 2023, countries that imported more from Cyprus than Denmark included Libya ($775M), Bermuda ($403M), and Lebanon ($438M).

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

Comparative Advantage Denmark - Cyprus

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Denmark had a large net trade with Cyprus in the exports of Animal Products ($19.2M), Machines ($10.9M), and Foodstuffs ($9.65M).

During 2018, Cyprus had a large net trade with Denmark in the exports of Transportation ($20.9M), Chemical Products ($8.71M), and Animal Products ($6.58M).

Bilateral Service Trade

Cyp Year

Dnk Year

In 2020, Denmark exported services to Cyprus worth $101M, with Transportation ($49M), Other business services ($28.2M), and Construction services ($10.6M) being the largest in terms of value.

In 2020, Cyprus exported services to Denmark worth $106M, with Transportation ($85.7M), Travel ($17.1M), and Financial services ($3.43M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Denmark () to Cyprus () (2023)

Exports from Cyprus () to Denmark () (2023)

Latest Data

Trade between Denmark () and Cyprus ()

Denmark Exports

Cyprus Exports

Market Competitiveness

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

Comparative Advantage Denmark - Cyprus

Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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