Malta / Cyprus

Malta-Cyprus Trade: In 2022, Malta exported $82.5M to Cyprus. The main products that Malta exported to Cyprus were Passenger and Cargo Ships ($44.5M), Other Sea Vessels ($32.1M), and Air Conditioners ($1.52M). Over the past 5 years the exports of Malta to Cyprus have increased at an annualized rate of 2.93%, from $71.4M in 2017 to $82.5M in 2022.

In 2020, Malta exported services to Cyprus worth $0, with being the largest in terms of value.

Cyprus-Malta Trade: In 2022, Cyprus exported $31.4M to Malta. The main products that Cyprus exported to Malta were Recreational Boats ($17M), Packaged Medicaments ($3.71M), and Bitumen and asphalt ($2.06M). Over the past 5 years the exports of Cyprus to Malta have decreased at an annualized rate of 7.19%,  from $45.6M in 2017 to $31.4M in 2022.

In 2020, Cyprus exported services to Malta worth $107M, with Transportation ($103M), Financial services ($3.43M), and Other business services ($1.14M) being the largest in terms of value.

Comparison In 2022,  Malta ranked 127 in total exports ($4.87B). That same year, Cyprus ranked 125 in total exports ($4.91B). Both countries does not have data related to Economic Complexity Index.