2022
Flag  
GDP
$38.1BCURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP GROWTH
65.5%CURRENT US$
Rnk 34 / 186
2022
Flag
 GDP
$28.4BCURRENT US$
Rnk 105 / 186
2012-2022
Flag
GDP GROWTH
13.5%CURRENT US$
Rnk 138 / 186
2022
Flag
GDP PC 
$28,333CURRENT US$
Rnk 41 / 186
2012-2022
Flag
GDP PC GROWTH
62.8%CURRENT US$
Rnk 23 / 186
2022
Flag
GDP PC
$31,284CURRENT US$
Rnk 36 / 186
2012-2022
Flag
GDP PC GROWTH
7.9%CURRENT US$
Rnk 123 / 186

About

Estonia-Cyprus Trade: In 2022, Estonia exported $15.9M to Cyprus. The main products that Estonia exported to Cyprus were Chemical Analysis Instruments ($2.17M), Sawn Wood ($1.8M), and Passenger and Cargo Ships ($1.32M). Over the past 5 years the exports of Estonia to Cyprus have decreased at an annualized rate of 18.9%, from $45.1M in 2017 to $15.9M in 2022.

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 2022, Cyprus exported $15.7M to Estonia. The main products that Cyprus exported to Estonia were Packaged Medicaments ($5.02M), Passenger and Cargo Ships ($3.89M), and Semiconductor Devices ($2.1M). Over the past 5 years the exports of Cyprus to Estonia have increased at an annualized rate of 17.4%,  from $7.01M in 2017 to $15.7M in 2022.

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

Comparison In 2022,  Estonia ranked 74 in total exports ($23.1B). That same year, Cyprus ranked 125 in total exports ($4.91B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Estonia exported $15.9M to Cyprus. The main products exported from Estonia to Cyprus were Chemical Analysis Instruments ($2.17M), Sawn Wood ($1.8M), and Passenger and Cargo Ships ($1.32M). During the last 5 years the exports of Estonia to Cyprus have decreased at an annualized rate of 18.9%, from $45.1M in 2017 to $15.9M in 2022.

In 2017, Cyprus exported $15.7M to Estonia. The main products exported from Cyprus to Estonia were Packaged Medicaments ($5.02M), Passenger and Cargo Ships ($3.89M), and Semiconductor Devices ($2.1M). During the last 5 years the exports of Cyprus to Estonia have increased at an annualized rate of 17.4%, from $7.01M in 2022 to $15.7M in 2017.

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

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

Latest Data

Trade between Estonia (Flag) and Cyprus (Flag)

Estonia Exports

Cyprus Exports

Market Competitiveness

Color
Estonia
Top Destination
Finland$3B
Cyprus
Top Destination
Hong Kong$482M

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 2022, countries that imported more from Estonia than Cyprus included Finland ($3B), Latvia ($2.77B), and Sweden ($1.9B).

In 2022, countries that imported more from Cyprus than Estonia included Hong Kong ($482M), Greece ($471M), and Lebanon ($329M).

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

Comparative Advantage Estonia - Cyprus

Flow
Scale

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

During 2022, Estonia had a large net trade with Cyprus in the exports of Instruments ($3.9M), Wood Products ($3.37M), and Transportation ($2.7M).

During 2017, Cyprus had a large net trade with Estonia in the exports of Chemical Products ($5.07M), Transportation ($4M), and Machines ($2.4M).

Bilateral Service Trade

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 (Flag) to Cyprus (Flag) (2020)

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

Service Trade

Economic Complexity

Competitive Landscape

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.

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

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