2022
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GDP
$281BCURRENT US$
Rnk 47 / 186
2012-2022
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GDP GROWTH
8.73%CURRENT US$
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2022
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 GDP
$28.4BCURRENT US$
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2012-2022
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GDP GROWTH
13.5%CURRENT US$
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2022
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GDP PC 
$50,537CURRENT US$
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2012-2022
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GDP PC GROWTH
5.93%CURRENT US$
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2022
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GDP PC
$31,284CURRENT US$
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2012-2022
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GDP PC GROWTH
7.9%CURRENT US$
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About

Finland-Cyprus Trade: In 2022, Finland exported $42.4M to Cyprus. The main products that Finland exported to Cyprus were Passenger and Cargo Ships ($8.42M), Cyclic Hydrocarbons ($5.21M), and Sawn Wood ($4.04M). Over the past 5 years the exports of Finland to Cyprus have decreased at an annualized rate of 36.2%, from $402M in 2017 to $42.4M in 2022.

In 2020, Finland exported services to Cyprus worth $34.3M, with Transportation ($16M), Computer and information services ($10.3M), and Travel ($3.43M) being the largest in terms of value.

Cyprus-Finland Trade: In 2022, Cyprus exported $11.6M to Finland. The main products that Cyprus exported to Finland were Cheese ($7.95M), Packaged Medicaments ($1.66M), and Centrifuges ($363k). Over the past 5 years the exports of Cyprus to Finland have increased at an annualized rate of 15.1%,  from $5.72M in 2017 to $11.6M in 2022.

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

Comparison In 2022,  Finland ranked 13 in the Economic Complexity Index (ECI 1.41),  and 46 in total exports ($89.9B). That same year, Cyprus ranked 125 in total exports ($4.91B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Finland exported $42.4M to Cyprus. The main products exported from Finland to Cyprus were Passenger and Cargo Ships ($8.42M), Cyclic Hydrocarbons ($5.21M), and Sawn Wood ($4.04M). During the last 5 years the exports of Finland to Cyprus have decreased at an annualized rate of 36.2%, from $402M in 2017 to $42.4M in 2022.

In 2017, Cyprus exported $11.6M to Finland. The main products exported from Cyprus to Finland were Cheese ($7.95M), Packaged Medicaments ($1.66M), and Centrifuges ($363k). During the last 5 years the exports of Cyprus to Finland have increased at an annualized rate of 15.1%, from $5.72M in 2022 to $11.6M in 2017.

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

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

Latest Data

Trade between Finland (Flag) and Cyprus (Flag)

Finland Exports

Cyprus Exports

Market Competitiveness

Color
Finland
Top Destination
Germany$9.99B
Cyprus
Top Destination
Hong Kong$482M

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

In 2022, countries that imported more from Finland than Cyprus included Germany ($9.99B), United States ($9.17B), and Sweden ($9.1B).

In 2022, countries that imported more from Cyprus than Finland included Hong Kong ($482M), Lebanon ($329M), and Liberia ($255M).

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

Comparative Advantage Finland - Cyprus

Flow
Scale

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

During 2022, Finland had a large net trade with Cyprus in the exports of Transportation ($11.5M), Paper Goods ($6.7M), and Wood Products ($6.56M).

During 2017, Cyprus had a large net trade with Finland in the exports of Animal Products ($7.95M), Chemical Products ($1.75M), and Machines ($736k).

Bilateral Service Trade

In 2020, Finland exported services to Cyprus worth $34.3M, with Transportation ($16M), Computer and information services ($10.3M), and Travel ($3.43M) being the largest in terms of value.

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

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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