Netherlands (NLD) and Cyprus (CYP) Trade | The Observatory of Economic Complexity

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Netherlands-Cyprus Trade: In 2023, Netherlands exported $507M to Cyprus. The main products that Netherlands exported to Cyprus were Packaged Medicaments ($39.1M), Passenger and Cargo Ships ($29.1M), and Poultry Meat ($27.7M). Over the past 5 years the exports of Netherlands to Cyprus have increased at an annualized rate of 1.72%, from $466M in 2018 to $507M in 2023.

In 2020, Netherlands exported services to Cyprus worth $257M, with Other business services ($82M), Transportation ($74.8M), and Computer and information services ($39.7M) being the largest in terms of value.

Cyprus-Netherlands Trade: In 2023, Cyprus exported $83.5M to Netherlands. The main products that Cyprus exported to Netherlands were Crude Petroleum ($21.9M), Packaged Medicaments ($11M), and Computers ($5.74M). Over the past 5 years the exports of Cyprus to Netherlands have increased at an annualized rate of 1.19%, from $78.7M in 2018 to $83.5M in 2023.

In 2020, Cyprus exported services to Netherlands worth $249M, with Transportation ($154M), Financial services ($68.5M), and Other business services ($21.7M) being the largest in terms of value.

Comparison In 2023, Netherlands ranked 26 in the Economic Complexity Index (ECI 1.08), and 9 in total exports ($599B). 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, Netherlands exported €37M and imported €3M from Cyprus, resulting in a positive trade balance of €34M. Between October 2023 and October 2024 the exports of Netherlands have increased by €3M (8.82%) from €34M to €37M, while imports remained the same by €0 (0%) from €3M to €3M.

Trade In October 2024, the top exports of Netherlands to Cyprus were Undefined (€7M), Alcoholic beverages (€3M), Other meat and edible meat offal,... (€2M), Automatic data-processing machines and units thereof;... (€2M), and Telecommunications equipment, n.e.s., and parts, n.e.s.,... (€2M). In October 2024 the top imports of Netherlands from Cyprus were Undefined (€1M).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (October 2023 - October 2024)€3M(8.82%)

IMPORT GROWTH (October 2023 - October 2024)€0(0%)

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Netherlands exported $507M to Cyprus. The main products exported from Netherlands to Cyprus were Packaged Medicaments ($39.1M), Passenger and Cargo Ships ($29.1M), and Poultry Meat ($27.7M). During the last 5 years the exports of Netherlands to Cyprus have increased at an annualized rate of 1.72%, from $466M in 2018 to $507M in 2023.

In 2018, Cyprus exported $83.5M to Netherlands. The main products exported from Cyprus to Netherlands were Crude Petroleum ($21.9M), Packaged Medicaments ($11M), and Computers ($5.74M). During the last 5 years the exports of Cyprus to Netherlands have increased at an annualized rate of 1.19%, from $78.7M in 2023 to $83.5M in 2018.

Exports from Netherlands () to Cyprus () (2023)

Exports from Cyprus () to Netherlands () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Netherlands
Top DestinationGermany$96.9B

Cyprus
Top DestinationLibya$775M

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

In 2023, countries that imported more from Netherlands than Cyprus included Germany ($96.9B), Belgium ($87B), and France ($67.3B).

In 2023, countries that imported more from Cyprus than Netherlands included Libya ($775M), Bermuda ($403M), and Marshall Islands ($294M).

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

Comparative Advantage Netherlands - Cyprus

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Netherlands had a large net trade with Cyprus in the exports of Machines ($80.5M), Chemical Products ($71.9M), and Transportation ($63.3M).

During 2018, Cyprus had a large net trade with Netherlands in the exports of Mineral Products ($31.4M), Chemical Products ($18.3M), and Machines ($10.6M).

Bilateral Service Trade

Cyp Year

Nld Year

In 2020, Netherlands exported services to Cyprus worth $257M, with Other business services ($82M), Transportation ($74.8M), and Computer and information services ($39.7M) being the largest in terms of value.

In 2020, Cyprus exported services to Netherlands worth $249M, with Transportation ($154M), Financial services ($68.5M), and Other business services ($21.7M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Netherlands () to Cyprus () (2020)

Services Exports from Cyprus () to Netherlands () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Netherlands () to Cyprus () (2023)

Exports from Cyprus () to Netherlands () (2023)

Market Competitiveness

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

Comparative Advantage Netherlands - Cyprus

Bilateral Service Trade

Services Exports from Netherlands () to Cyprus () (2020)

Services Exports from Cyprus () to Netherlands () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Netherlands () and Cyprus () (2023)

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