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2022
Flag → Flag
Exports $6.87MRnk 77 / 196
2022
Flag → Flag
Top Product $1.2MTitanium
2022
Flag → Flag
Exports $2.36MRnk 92 / 194
2022
Flag → Flag
Top Product $844kCheese
2022
Flag  
GDP$82.3BCURRENT US$
Rnk 71 / 186
2012-2022
Flag
GDP GROWTH37.6%CURRENT US$
Rnk 87 / 186
2022
Flag
 GDP$28.4BCURRENT US$
Rnk 105 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 138 / 186
2022
Flag
GDP PC $126,426CURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP PC GROWTH12.3%CURRENT US$
Rnk 108 / 186
2022
Flag
GDP PC$31,284CURRENT US$
Rnk 36 / 186
2012-2022
Flag
GDP PC GROWTH7.9%CURRENT US$
Rnk 123 / 186

About

Luxembourg-Cyprus Trade: In 2022, Luxembourg exported $6.87M to Cyprus. The main products that Luxembourg exported to Cyprus were Titanium ($1.2M), Iron Blocks ($1.07M), and Precious Metal Watches ($711k). Over the past 5 years the exports of Luxembourg to Cyprus have decreased at an annualized rate of 6.51%, from $9.62M in 2017 to $6.87M in 2022.

In 2020, Luxembourg exported services to Cyprus worth $61.7M, with Other business services ($46.8M) and Transportation ($14.8M) being the largest in terms of value.

Cyprus-Luxembourg Trade: In 2022, Cyprus exported $2.36M to Luxembourg. The main products that Cyprus exported to Luxembourg were Cheese ($844k), Titanium ($399k), and Potatoes ($379k). Over the past 5 years the exports of Cyprus to Luxembourg have decreased at an annualized rate of 4.14%,  from $4.09M in 2017 to $2.36M in 2022.

In 2020, Cyprus exported services to Luxembourg worth $17.1M, with Other business services ($11.4M), Royalties and license fees ($4.57M), and Transportation ($1.14M) being the largest in terms of value.

Comparison In 2022,  Luxembourg ranked 78 in total exports ($20.5B). That same year, Cyprus ranked 125 in total exports ($4.91B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Luxembourg exported $6.87M to Cyprus. The main products exported from Luxembourg to Cyprus were Titanium ($1.2M), Iron Blocks ($1.07M), and Precious Metal Watches ($711k). During the last 5 years the exports of Luxembourg to Cyprus have decreased at an annualized rate of 6.51%, from $9.62M in 2017 to $6.87M in 2022.

In 2017, Cyprus exported $2.36M to Luxembourg. The main products exported from Cyprus to Luxembourg were Cheese ($844k), Titanium ($399k), and Potatoes ($379k). During the last 5 years the exports of Cyprus to Luxembourg have decreased at an annualized rate of 4.14%, from $4.09M in 2022 to $2.36M in 2017.

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

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

Latest Data

Trade between Luxembourg (Flag) and Cyprus (Flag)

Luxembourg Exports

Cyprus Exports

Market Competitiveness

Color
Luxembourg
Top DestinationGermany$4.15B
Cyprus
Top DestinationHong Kong$482M

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

In 2022, countries that imported more from Luxembourg than Cyprus included Germany ($4.15B), France ($3.07B), and Belgium ($2.09B).

In 2022, countries that imported more from Cyprus than Luxembourg included Greece ($471M), Lebanon ($329M), and Liberia ($255M).

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

Comparative Advantage Luxembourg - Cyprus

Flow
Scale

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

During 2022, Luxembourg had a large net trade with Cyprus in the exports of Metals ($2.53M), Instruments ($756k), and Machines ($654k).

During 2017, Cyprus had a large net trade with Luxembourg in the exports of Animal Products ($844k), Metals ($399k), and Vegetable Products ($380k).

Potential Exports

Potential Exports

Depth
View
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Top Product Potential Luxembourg Cyprus+N/AN/A
Top Product Potential Cyprus Luxembourg+N/AN/A

N/A

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Bilateral Service Trade

In 2020, Luxembourg exported services to Cyprus worth $61.7M, with Other business services ($46.8M) and Transportation ($14.8M) being the largest in terms of value.

In 2020, Cyprus exported services to Luxembourg worth $17.1M, with Other business services ($11.4M), Royalties and license fees ($4.57M), and Transportation ($1.14M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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