Estonia (EST) and Cyprus (CYP) Trade | The Observatory of Economic Complexity

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Estonia-Cyprus Trade: In 2023, Estonia exported $10.4M to Cyprus. The main products that Estonia exported to Cyprus were Ferroalloys ($2.5M), Sawn Wood ($1.1M), and Time Recording Instruments ($899k). Over the past 5 years the exports of Estonia to Cyprus have decreased at an annualized rate of 9.42%, from $17M in 2018 to $10.4M in 2023.

In 2020, Estonia exported services to Cyprus worth $40.8M, with Transportation ($19.5M), Other business services ($9.02M), and Computer and information services ($7.88M) being the largest in terms of value.

Cyprus-Estonia Trade: In 2023, Cyprus exported $9.07M to Estonia. The main products that Cyprus exported to Estonia were Packaged Medicaments ($4.87M), Scrap Aluminium ($976k), and Scrap Copper ($597k). Over the past 5 years the exports of Cyprus to Estonia have decreased at an annualized rate of 0.22%, from $9.23M in 2018 to $9.07M in 2023.

In 2020, Cyprus exported services to Estonia worth $1.14M, with Financial services ($1.14M) being the largest in terms of value.

Comparison In 2023, Estonia ranked 79 in total exports ($20B). That same year, Cyprus ranked 126 in total exports ($5.7B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Estonia exported $10.4M to Cyprus. The main products exported from Estonia to Cyprus were Ferroalloys ($2.5M), Sawn Wood ($1.1M), and Time Recording Instruments ($899k). During the last 5 years the exports of Estonia to Cyprus have decreased at an annualized rate of 9.42%, from $17M in 2018 to $10.4M in 2023.

In 2018, Cyprus exported $9.07M to Estonia. The main products exported from Cyprus to Estonia were Packaged Medicaments ($4.87M), Scrap Aluminium ($976k), and Scrap Copper ($597k). During the last 5 years the exports of Cyprus to Estonia have decreased at an annualized rate of 0.22%, from $9.23M in 2023 to $9.07M in 2018.

Exports from Estonia () to Cyprus () (2023)

Exports from Cyprus () to Estonia () (2023)

Latest Data

Trade between Estonia () and Cyprus ()

Estonia Exports

Date

Cyprus Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Estonia
Top DestinationFinland$2.71B

Cyprus
Top DestinationLibya$775M

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

In 2023, countries that imported more from Estonia than Cyprus included Finland ($2.71B), Latvia ($1.91B), and Lithuania ($1.74B).

In 2023, countries that imported more from Cyprus than Estonia included Libya ($775M), Greece ($626M), and Lebanon ($438M).

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

Comparative Advantage Estonia - Cyprus

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Estonia had a large net trade with Cyprus in the exports of Metals ($2.64M), Wood Products ($2.28M), and Instruments ($1.67M).

During 2018, Cyprus had a large net trade with Estonia in the exports of Chemical Products ($4.92M), Metals ($2.14M), and Instruments ($521k).

Bilateral Service Trade

Cyp Year

Est Year

In 2020, Estonia exported services to Cyprus worth $40.8M, with Transportation ($19.5M), Other business services ($9.02M), and Computer and information services ($7.88M) being the largest in terms of value.

In 2020, Cyprus exported services to Estonia worth $1.14M, with Financial services ($1.14M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Estonia () to Cyprus () (2023)

Exports from Cyprus () to Estonia () (2023)

Latest Data

Trade between Estonia () and Cyprus ()

Estonia Exports

Cyprus Exports

Market Competitiveness

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

Comparative Advantage Estonia - Cyprus

Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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