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Pricing

2022
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Exports $177MRnk 55 / 210
2022
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Top Product $89.6MPlanes, Helicopters, and/or Spacecraft
2022
Flag → Flag
Exports $21.6MRnk 41 / 194
2022
Flag → Flag
Top Product $10.6MPlanes, Helicopters, and/or Spacecraft
2022
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Economic Complexity (ECI) ECI 1.28Rnk 16 / 124
2022
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GDP$529BCURRENT US$
Rnk 26 / 186
2012-2022
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GDP GROWTH135%CURRENT US$
Rnk 7 / 186
2022
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 GDP$28.4BCURRENT US$
Rnk 105 / 186
2012-2022
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GDP GROWTH13.5%CURRENT US$
Rnk 138 / 186
2022
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GDP PC $104,039CURRENT US$
Rnk 4 / 186
2012-2022
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GDP PC GROWTH112%CURRENT US$
Rnk 7 / 186
2022
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GDP PC$31,284CURRENT US$
Rnk 36 / 186
2012-2022
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GDP PC GROWTH7.9%CURRENT US$
Rnk 123 / 186

About

Ireland-Cyprus In 2022, Ireland exported $177M to Cyprus. The main products that Ireland exported to Cyprus are Planes, Helicopters, and/or Spacecraft ($89.6M), Scented Mixtures ($41.1M), and Packaged Medicaments ($8.23M). During the last 27 years the exports of Ireland to Cyprus have increased at an annualized rate of 6.43%, from $32.8M in 1995 to $177M in 2022.

In 2020, Ireland exported services to Cyprus worth $40M, with Insurance services ($19.4M), Transportation ($10.3M), and Financial services ($6.85M) being the largest in terms of value.

Cyprus-Ireland In 2022, Cyprus exported $21.6M to Ireland. The main products that Cyprus exported to Ireland were Planes, Helicopters, and/or Spacecraft ($10.6M), Computers ($2.66M), and Cheese ($2.04M). During the last 27 years the exports of Cyprus to Ireland have increased at an annualized rate of 3.27%, from $9.07M in 1995 to $21.6M in 2022.

In 2020, Cyprus exported services to Ireland worth $187M, with Computer and information services ($160M), Financial services ($22.8M), and Transportation ($3.43M) being the largest in terms of value.

Comparison In 2022,  Ireland ranked 16 in the Economic Complexity Index (ECI 1.28),  and 31 in total exports ($236B). That same year, Cyprus ranked 125 in total exports ($4.91B), and does not have data regarding Economic Complexity Index.

Latest Trends

January, 2024

About

Overview In January 2024, Ireland exported €10.9M and imported €565k from Cyprus, resulting in a positive trade balance of €10.4M. Between January 2023 and January 2024 the exports of Ireland have increased by €2.1M (23.9%) from €8.82M to €10.9M, while imports increased by €71k (14.4%) from €494k to €565k.

Trade In January 2024, the top exports of Ireland to Cyprus were Essential oils, perfume materials, toilet preparations... (€5.75M), Medicinal and pharmaceutical products (€753k), Miscellaneous edible products and preparations (€445k), Beverages (€402k), and Office machines and automatic data processing... (€330k). In January 2024 the top imports of Ireland from Cyprus were Unclassified estimates (€235k), Plastics in non-primary forms (€69k), Medicinal and pharmaceutical products (€43k), Non-metallic mineral manufactures, n.e.s. (€34k), and Professional, scientific and controlling apparatus (€30k).

Growth In January 2024, the increase in Ireland's year-by-year exports to Cyprus was explained primarily by an increase in product exports in Beverages (€382k or 1.91k%), Medicinal and pharmaceutical products (€157k or 26.3%), and Miscellaneous manufactured articles, n.e.s. (€143k or 292%). In January 2024, the increase in Ireland's year-by-year imports  from Cyprus was explained primarily by an increase in product imports  in Unclassified estimates (€233k or 11.7k%), Plastics in non-primary forms (€44k or 176%), and Medicinal and pharmaceutical products (€39k or 975%).

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (January 2023 - January 2024)€2.1M(23.9%)
IMPORT GROWTH (January 2023 - January 2024)€71k(14.4%)

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

To check Cyprus and Ireland 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 2022, Ireland exported $177M to Cyprus. The main products exported from Ireland to Cyprus were Planes, Helicopters, and/or Spacecraft ($89.6M), Scented Mixtures ($41.1M), and Packaged Medicaments ($8.23M). During the last 27 years the exports of Ireland to Cyprus have increased at an annualized rate of 6.43%, from $32.8M in 1995 to $177M in 2022.

In 2022, Cyprus exported $21.6M to Ireland. The main products exported from Cyprus to Ireland were Planes, Helicopters, and/or Spacecraft ($10.6M), Computers ($2.66M), and Cheese ($2.04M). During the last 27 years the exports of Cyprus to Ireland have increased at an annualized rate of 3.27%, from $9.07M in 1995 to $21.6M in 2022.

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

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

Market Competitiveness

Color
Ireland
Top DestinationUnited States$70.7B
Cyprus
Top DestinationHong Kong$482M

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

In 2021, countries that imported more from Ireland than Cyprus were United States ($70.7B), Germany ($28.6B), and United Kingdom ($19B).

In 2021, countries that imported more from Cyprus than Ireland were Lebanon ($329M), Liberia ($255M), and Marshall Islands ($173M).

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

Comparative Advantage Ireland - Cyprus

Flow
Scale

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

During 2022, Ireland had a large net trade with Cyprus in the exports of Transportation ($95M), Chemical Products ($54.5M), and Foodstuffs ($11.9M).

During 2022, Cyprus had a large net trade with Ireland in the exports of Transportation ($10.6M), Machines ($2.96M), and Animal Products ($2.04M).

Service Trade

Bilateral Service Trade

In 2020, Ireland exported services to Cyprus worth $40M, with Insurance services ($19.4M), Transportation ($10.3M), and Financial services ($6.85M) being the largest in terms of value.

In 2020, Cyprus exported services to Ireland worth $187M, with Computer and information services ($160M), Financial services ($22.8M), and Transportation ($3.43M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Ireland has comparative advantage over Cyprus. Similarly, the more yellow a dot/product is, the more Cyprus has comparative advantage over Ireland.

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

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