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2022
Flag → Flag
Exports $208MRnk 95 / 220
2022
Flag → Flag
Top Product $158MPassenger and Cargo Ships
2022
Flag → Flag
Exports $9.31MRnk 63 / 194
2022
Flag → Flag
Top Product $1.69MLiquid Dispersing Machines
2022
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Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
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GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH30.3%CURRENT US$
Rnk 100 / 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 $32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 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

South Korea-Cyprus Trade: In 2022, South Korea exported $208M to Cyprus. The main products that South Korea exported to Cyprus were Passenger and Cargo Ships ($158M), Cars ($22.6M), and Electric Batteries ($7.02M). Over the past 5 years the exports of South Korea to Cyprus have decreased at an annualized rate of 21.1%, from $680M in 2017 to $208M in 2022.

In 2022, South Korea did not export any services to Cyprus.

Cyprus-South Korea Trade: In 2022, Cyprus exported $9.31M to South Korea. The main products that Cyprus exported to South Korea were Liquid Dispersing Machines ($1.69M), Scrap Copper ($1.49M), and Packaged Medicaments ($1.38M). Over the past 5 years the exports of Cyprus to South Korea have decreased at an annualized rate of 37.4%,  from $96.6M in 2017 to $9.31M in 2022.

In 2020, Cyprus exported services to South Korea worth $3.43M, with Transportation ($3.43M) being the largest in terms of value.

Comparison In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78),  and 5 in total exports ($705B). That same year, Cyprus ranked 125 in total exports ($4.91B), and does not have data regarding Economic Complexity Index.

Latest Trends

September, 2024

About

Overview In September 2024, South Korea exported $4.05M and imported $342k from Cyprus, resulting in a positive trade balance of $3.71M. Between September 2023 and September 2024 the exports of South Korea have increased by $477k (13.4%) from $3.57M to $4.05M, while imports decreased by $-13k (-3.66%) from $355k to $342k.

Trade In September 2024, the top exports of South Korea to Cyprus were Cars, tractors, trucks & parts thereof. ($3.55M), Electrical machinery and electronics ($980k), Machinery, mechanical appliances, & parts ($613k), Optical, photo, & film equipment; medical... ($187k), and Plastics & articles thereof ($173k). In September 2024 the top imports of South Korea from Cyprus were Copper articles ($612k), Pharmaceutical products ($420k), Machinery, mechanical appliances, & parts ($215k), Perfumery & cosmetics ($27k), and Electrical machinery and electronics ($3k).

Growth In September 2024, the increase in South Korea's year-by-year exports to Cyprus was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. ($3.1M or 679%), Machinery, mechanical appliances, & parts ($369k or 151%), and Electrical machinery and electronics ($269k or 37.8%). In September 2024, the decrease in South Korea's year-by-year imports  from Cyprus was explained primarily by an decrease in product imports  in Electrical machinery and electronics ($-62k or -95.4%), Edible products of animal origin, n.e.s. ($-58k or -100%), and Perfumery & cosmetics ($-13k or -32.5%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)$477k(13.4%)
IMPORT GROWTH (September 2023 - September 2024)$-13k(-3.66%)

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

To check Cyprus and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Cyprus and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $208M to Cyprus. The main products exported from South Korea to Cyprus were Passenger and Cargo Ships ($158M), Cars ($22.6M), and Electric Batteries ($7.02M). During the last 5 years the exports of South Korea to Cyprus have decreased at an annualized rate of 21.1%, from $680M in 2017 to $208M in 2022.

In 2017, Cyprus exported $9.31M to South Korea. The main products exported from Cyprus to South Korea were Liquid Dispersing Machines ($1.69M), Scrap Copper ($1.49M), and Packaged Medicaments ($1.38M). During the last 5 years the exports of Cyprus to South Korea have decreased at an annualized rate of 37.4%, from $96.6M in 2022 to $9.31M in 2017.

Exports from South Korea (Flag) to Cyprus (Flag) (2022)

Exports from Cyprus (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Cyprus
Top DestinationHong Kong$482M

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

In 2022, countries that imported more from South Korea than Cyprus included China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2022, countries that imported more from Cyprus than South Korea included Lebanon ($329M), Seychelles ($70.8M), and Gibraltar ($34.2M).

Difference in imports from Cyprus (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Cyprus

Flow
Scale

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

During 2022, South Korea had a large net trade with Cyprus in the exports of Transportation ($183M), Machines ($13.1M), and Plastics and Rubbers ($4.19M).

During 2017, Cyprus had a large net trade with South Korea in the exports of Machines ($2.52M), Chemical Products ($2.03M), and Animal Products ($1.67M).

Bilateral Service Trade

In 2020, Cyprus exported services to South Korea worth $3.43M, with Transportation ($3.43M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Cyprus (Flag) to South Korea (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of South Korea (Flag) and Cyprus (Flag) (2022)

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