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2023
Flag → Flag
Exports $960MRnk 49 / 220
2023
Flag → Flag
Top Product $296MRefined Petroleum
2023
Flag → Flag
Exports $108MRnk 16 / 196
2023
Flag → Flag
Top Product $41.2MPassenger and Cargo Ships
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
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 GDP$33.9BCURRENT US$
Rnk 106 / 195
2013-2023
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GDP GROWTH41.4%CURRENT US$
Rnk 91 / 195
2023
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GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
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GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
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GDP PC$36,551CURRENT US$
Rnk 35 / 196
2013-2023
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GDP PC GROWTH31.5%CURRENT US$
Rnk 76 / 195

About

Spain-Cyprus Trade: In 2023, Spain exported $960M to Cyprus. The main products that Spain exported to Cyprus were Refined Petroleum ($296M), Coal Tar Oil ($247M), and Passenger and Cargo Ships ($52.3M). Over the past 5 years the exports of Spain to Cyprus have increased at an annualized rate of 12.6%, from $530M in 2018 to $960M in 2023.

In 2009, Spain exported services to Cyprus worth $124M, with Services not allocated ($124M) being the largest in terms of value.

Cyprus-Spain Trade: In 2023, Cyprus exported $108M to Spain. The main products that Cyprus exported to Spain were Passenger and Cargo Ships ($41.2M), Refined Petroleum ($32M), and Seed Oils ($3.64M). Over the past 5 years the exports of Cyprus to Spain have increased at an annualized rate of 27.7%,  from $32M in 2018 to $108M in 2023.

In 2020, Cyprus exported services to Spain worth $93.7M, with Financial services ($76.5M), Transportation ($12.6M), and Other business services ($3.43M) being the largest in terms of value.

Comparison In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86),  and 16 in total exports ($402B). That same year, Cyprus ranked 126 in total exports ($5.7B), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, Spain exported €37.6M and imported €3.44M from Cyprus, resulting in a positive trade balance of €34.1M. Between November 2023 and November 2024 the exports of Spain have decreased by €-4.9M (-11.5%) from €42.5M to €37.6M, while imports increased by €1.2M (53.3%) from €2.24M to €3.44M.

Trade In November 2024, the top exports of Spain to Cyprus were Cars (€2.84M), Unglazed Ceramics (€2.56M), Hard Liquor (€1.7M), Rolled Tobacco (€1.2M), and Non-Knit Women's Suits (€1.08M). In November 2024 the top imports of Spain from Cyprus were Packaged Medicaments (€412k), Cheese (€410k), Phenols (€365k), Quaternary Ammonium Salts and Hydroxides (€188k), and Animal Organs (€133k).

Origins In November 2024 the exports of Spain were mainly from Tarragona (€10.1M), A Coruña (€6.74M), Barcelona (€5.38M), Castellón (€2.9M), and Valencia (€1.4M), while imports destinations were mainly Barcelona (€1.32M), Madrid (€1.02M), Murcia (€493k), Toledo (€218k), and Tarragona (€124k).

Growth In November 2024, the decrease in Spain's year-by-year exports to Cyprus was explained primarily by an decrease in product exports in Unglazed Ceramics (€-2.57M or -50.1%), Soybean Meal (€-1.61M or -99.7%), and Liquid Pumps (€-1.07M or -84.2%). In November 2024, the increase in Spain's year-by-year imports  from Cyprus was explained primarily by an increase in product imports  in Cheese (€322k or 369%), Packaged Medicaments (€156k or 60.7%), and Quaternary Ammonium Salts and Hydroxides (€121k or 181%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€-4.9M(-11.5%)
IMPORT GROWTH (November 2023 - November 2024)€1.2M(53.3%)
MAIN EXPORTER (November 2024)Tarragona€10.1M

This section shows exports and imports data at subnational level for Spain. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Spain over time.

To check Cyprus and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $960M to Cyprus. The main products exported from Spain to Cyprus were Refined Petroleum ($296M), Coal Tar Oil ($247M), and Passenger and Cargo Ships ($52.3M). During the last 5 years the exports of Spain to Cyprus have increased at an annualized rate of 12.6%, from $530M in 2018 to $960M in 2023.

In 2018, Cyprus exported $108M to Spain. The main products exported from Cyprus to Spain were Passenger and Cargo Ships ($41.2M), Refined Petroleum ($32M), and Seed Oils ($3.64M). During the last 5 years the exports of Cyprus to Spain have increased at an annualized rate of 27.7%, from $32M in 2023 to $108M in 2018.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Cyprus
Top DestinationLibya$775M

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

In 2023, countries that imported more from Spain than Cyprus included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

In 2023, countries that imported more from Cyprus than Spain included Libya ($775M), Bermuda ($403M), and Marshall Islands ($294M).

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

Comparative Advantage Spain - Cyprus

Flow
Scale

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

During 2023, Spain had a large net trade with Cyprus in the exports of Mineral Products ($548M), Transportation ($89M), and Textiles ($74.8M).

During 2018, Cyprus had a large net trade with Spain in the exports of Transportation ($42.6M), Mineral Products ($32.1M), and Chemical Products ($9.54M).

Bilateral Service Trade

In 2009, Spain exported services to Cyprus worth $124M, with Services not allocated ($124M) being the largest in terms of value.

In 2020, Cyprus exported services to Spain worth $93.7M, with Financial services ($76.5M), Transportation ($12.6M), and Other business services ($3.43M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Spain (Flag) to Cyprus (Flag) (2009)

Services Exports from Cyprus (Flag) to Spain (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Spain (Flag) and Cyprus (Flag) (2023)

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