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2023
Flag → Flag
Exports $1.11BRnk 64 / 219
2023
Flag → Flag
Top Product $150MRefined Petroleum
2023
Flag → Flag
Exports $153MRnk 10 / 196
2023
Flag → Flag
Top Product $38.9MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP$33.9BCURRENT US$
Rnk 106 / 195
2013-2023
Flag
GDP GROWTH41.4%CURRENT US$
Rnk 91 / 195
2023
Flag
GDP PC $39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC$36,551CURRENT US$
Rnk 35 / 196
2013-2023
Flag
GDP PC GROWTH31.5%CURRENT US$
Rnk 76 / 195

About

Italy-Cyprus Trade: In 2023, Italy exported $1.11B to Cyprus. The main products that Italy exported to Cyprus were Refined Petroleum ($150M), Raw Iron Bars ($74.5M), and Recreational Boats ($66M). Over the past 5 years the exports of Italy to Cyprus have increased at an annualized rate of 3.28%, from $941M in 2018 to $1.11B in 2023.

In 2020, Italy exported services to Cyprus worth $56M, with Communications services ($27.5M), Transportation ($12.4M), and Other business services ($6.97M) being the largest in terms of value.

Cyprus-Italy Trade: In 2023, Cyprus exported $153M to Italy. The main products that Cyprus exported to Italy were Refined Petroleum ($38.9M), Other Edible Preparations ($31.2M), and Rolled Tobacco ($9.71M). Over the past 5 years the exports of Cyprus to Italy have increased at an annualized rate of 4.5%,  from $123M in 2018 to $153M in 2023.

In 2020, Cyprus exported services to Italy worth $131M, with Financial services ($122M), Other business services ($4.57M), and Transportation ($3.43M) being the largest in terms of value.

Comparison In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29),  and 6 in total exports ($638B). That same year, Cyprus ranked 126 in total exports ($5.7B), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

About

Overview In October 2024, Italy exported €32.8M and imported €4.74M from Cyprus, resulting in a positive trade balance of €28.1M. Between October 2023 and October 2024 the exports of Italy have increased by €6.98M (27%) from €25.9M to €32.8M, while imports increased by €771k (19.4%) from €3.97M to €4.74M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€6.98M(27%)
IMPORT GROWTH (October 2023 - October 2024)€771k(19.4%)

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

To check Cyprus and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Cyprus and Italy Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $1.11B to Cyprus. The main products exported from Italy to Cyprus were Refined Petroleum ($150M), Raw Iron Bars ($74.5M), and Recreational Boats ($66M). During the last 5 years the exports of Italy to Cyprus have increased at an annualized rate of 3.28%, from $941M in 2018 to $1.11B in 2023.

In 2018, Cyprus exported $153M to Italy. The main products exported from Cyprus to Italy were Refined Petroleum ($38.9M), Other Edible Preparations ($31.2M), and Rolled Tobacco ($9.71M). During the last 5 years the exports of Cyprus to Italy have increased at an annualized rate of 4.5%, from $123M in 2023 to $153M in 2018.

Exports from Italy (Flag) to Cyprus (Flag) (2023)

Exports from Cyprus (Flag) to Italy (Flag) (2023)

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Cyprus
Top DestinationLibya$775M

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

In 2023, countries that imported more from Italy than Cyprus included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

In 2023, countries that imported more from Cyprus than Italy included Bermuda ($403M), Liberia ($225M), and Marshall Islands ($294M).

Difference in imports from Cyprus (Flag) and Italy (Flag) (2023)

Comparative Advantage Italy - Cyprus

Flow
Scale

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

During 2023, Italy had a large net trade with Cyprus in the exports of Mineral Products ($170M), Metals ($135M), and Transportation ($132M).

During 2018, Cyprus had a large net trade with Italy in the exports of Foodstuffs ($49.3M), Mineral Products ($39.4M), and Vegetable Products ($12.3M).

Bilateral Service Trade

In 2020, Italy exported services to Cyprus worth $56M, with Communications services ($27.5M), Transportation ($12.4M), and Other business services ($6.97M) being the largest in terms of value.

In 2020, Cyprus exported services to Italy worth $131M, with Financial services ($122M), Other business services ($4.57M), and Transportation ($3.43M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Italy (Flag) and Cyprus (Flag) (2023)

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