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Pricing

2023
Flag → Flag
Exports $1.48BRnk 40 / 223
2023
Flag → Flag
Top Product $1.02BPassenger and Cargo Ships
2023
Flag → Flag
Exports $274MRnk 6 / 196
2023
Flag → Flag
Top Product $161MCheese
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag  
GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
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 GDP$33.9BCURRENT US$
Rnk 106 / 195
2013-2023
Flag
GDP GROWTH41.4%CURRENT US$
Rnk 91 / 195
2023
Flag
GDP PC $49,464CURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195
2023
Flag
GDP PC$36,551CURRENT US$
Rnk 35 / 196
2013-2023
Flag
GDP PC GROWTH31.5%CURRENT US$
Rnk 76 / 195

About

United Kingdom-Cyprus Trade: In 2023, United Kingdom exported $1.48B to Cyprus. The main products that United Kingdom exported to Cyprus were Passenger and Cargo Ships ($1.02B), Cars ($149M), and Delivery Trucks ($27.6M). Over the past 5 years the exports of United Kingdom to Cyprus have increased at an annualized rate of 15.7%, from $712M in 2018 to $1.48B in 2023.

In 2019, United Kingdom exported services to Cyprus worth $1.36B, with Transportation ($343M), Personal, cultural, and recreational services ($321M), and Travel ($267M) being the largest in terms of value.

Cyprus-United Kingdom Trade: In 2023, Cyprus exported $274M to United Kingdom. The main products that Cyprus exported to United Kingdom were Cheese ($161M), Packaged Medicaments ($11.5M), and Potatoes ($9.65M). Over the past 5 years the exports of Cyprus to United Kingdom have increased at an annualized rate of 0.92%,  from $262M in 2018 to $274M in 2023.

In 2020, Cyprus exported services to United Kingdom worth $797M, with Transportation ($217M), Financial services ($196M), and Travel ($143M) being the largest in terms of value.

Comparison In 2023,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5),  and 14 in total exports ($429B). 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, United Kingdom exported £27.4M and imported £24.5M from Cyprus, resulting in a positive trade balance of £2.86M. Between November 2023 and November 2024 the exports of United Kingdom have decreased by £-7.58M (-21.7%) from £35M to £27.4M, while imports increased by £9.11M (59%) from £15.4M to £24.5M.

Trade In November 2024, the top exports of United Kingdom to Cyprus were Cars (£10.8M), Gold (£1.21M), Hard Liquor (£657k), Buses (£494k), and Prepared Cereals (£467k). In November 2024 the top imports of United Kingdom from Cyprus were Cheese (£9.57M), Valves (£1.22M), Citrus (£800k), Packaged Medicaments (£735k), and Potatoes (£549k).

Origins In November 2024 the exports of United Kingdom were mainly from London Gateway (£5.05M), Felixstowe (£4.42M), Southampton (£4.22M), London Heathrow Airport (£2.4M), and Dover Eurotunnel (£2.15M), while imports destinations were mainly Durham Tees Valley (Teeside) Airport (£9.58M), London Gateway (£7.12M), Felixstowe (£2.15M), London Heathrow Airport (£1.5M), and Immingham (£651k).

Growth In November 2024, the decrease in United Kingdom's year-by-year exports to Cyprus was explained primarily by an decrease in product exports in Machinery Having Individual Functions (£-1.68M or -99.4%), Low-voltage Protection Equipment (£-452k or -72%), and Liquid Pumps (£-451k or -97.4%). In November 2024, the increase in United Kingdom's year-by-year imports  from Cyprus was explained primarily by an increase in product imports  in Valves (£1.22M or 122k%), Machinery Having Individual Functions (£475k or 1.97k%), and Cars (£398k or 408%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)£-7.58M(-21.7%)
IMPORT GROWTH (November 2023 - November 2024)£9.11M(59%)
MAIN EXPORTER (November 2024)London Gateway£5.05M

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

To check Cyprus and United Kingdom 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, United Kingdom exported $1.48B to Cyprus. The main products exported from United Kingdom to Cyprus were Passenger and Cargo Ships ($1.02B), Cars ($149M), and Delivery Trucks ($27.6M). During the last 5 years the exports of United Kingdom to Cyprus have increased at an annualized rate of 15.7%, from $712M in 2018 to $1.48B in 2023.

In 2018, Cyprus exported $274M to United Kingdom. The main products exported from Cyprus to United Kingdom were Cheese ($161M), Packaged Medicaments ($11.5M), and Potatoes ($9.65M). During the last 5 years the exports of Cyprus to United Kingdom have increased at an annualized rate of 0.92%, from $262M in 2023 to $274M in 2018.

Exports from United Kingdom (Flag) to Cyprus (Flag) (2023)

Exports from Cyprus (Flag) to United Kingdom (Flag) (2023)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$59.7B
Cyprus
Top DestinationLibya$775M

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

In 2023, countries that imported more from United Kingdom than Cyprus included United States ($59.7B), China ($35.3B), and Germany ($34.6B).

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

Difference in imports from Cyprus (Flag) and United Kingdom (Flag) (2023)

Comparative Advantage United Kingdom - Cyprus

Flow
Scale

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

During 2023, United Kingdom had a large net trade with Cyprus in the exports of Transportation ($1.24B), Foodstuffs ($72.3M), and Machines ($70.6M).

During 2018, Cyprus had a large net trade with United Kingdom in the exports of Animal Products ($162M), Vegetable Products ($18.4M), and Transportation ($16.2M).

Bilateral Service Trade

In 2019, United Kingdom exported services to Cyprus worth $1.36B, with Transportation ($343M), Personal, cultural, and recreational services ($321M), and Travel ($267M) being the largest in terms of value.

In 2020, Cyprus exported services to United Kingdom worth $797M, with Transportation ($217M), Financial services ($196M), and Travel ($143M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United Kingdom (Flag) to Cyprus (Flag) (2019)

Services Exports from Cyprus (Flag) to United Kingdom (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of United Kingdom (Flag) and Cyprus (Flag) (2023)

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