Kuwait (KWT) and Cyprus (CYP) Trade | The Observatory of Economic Complexity

2023

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Exports $2.37MRnk 82 / 159

2023

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About

Kuwait-Cyprus Trade: In 2023, Kuwait exported $2.37M to Cyprus. The main products that Kuwait exported to Cyprus were Ethylene Polymers ($2.05M), Glass Fibers ($91.1k), and Packaged Medicaments ($37.6k). Over the past 5 years the exports of Kuwait to Cyprus have decreased at an annualized rate of 6.2%, from $3.26M in 2018 to $2.37M in 2023.

In 2023, Kuwait did not export any services to Cyprus.

Cyprus-Kuwait Trade: In 2023, Cyprus exported $27M to Kuwait. The main products that Cyprus exported to Kuwait were Cheese ($15M), Packaged Medicaments ($2.64M), and Soap ($2.41M). Over the past 5 years the exports of Cyprus to Kuwait have increased at an annualized rate of 2.86%, from $23.4M in 2018 to $27M in 2023.

In 2023, Cyprus did not export any services to Kuwait.

Comparison In 2023, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B). That same year, Cyprus ranked 126 in total exports ($5.7B), and does not have data regarding Economic Complexity Index.

Historical Data

Latest Data

Trade between Kuwait () and Cyprus ()

Kuwait Exports

Date

Cyprus Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$17.4B

Cyprus
Top DestinationLibya$775M

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

In 2023, countries that imported more from Kuwait than Cyprus included China ($17.4B), India ($9.51B), and Japan ($9.13B).

In 2023, countries that imported more from Cyprus than Kuwait included Libya ($775M), Greece ($626M), and Lebanon ($438M).

Difference in imports from Cyprus () and Kuwait () (2023)

Economic Complexity

Competitive Landscape

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