Panama (PAN) and Cyprus (CYP) Trade | The Observatory of Economic Complexity

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Panama-Cyprus Trade: In 2022, Panama exported $7.86M to Cyprus. The main products that Panama exported to Cyprus were Passenger and Cargo Ships ($7.51M), Railway Cargo Containers ($303k), and Cigarette Paper ($21.9k). Over the past 5 years the exports of Panama to Cyprus have decreased at an annualized rate of 26.4%, from $36.3M in 2017 to $7.86M in 2022.

In 2022, Panama did not export any services to Cyprus.

Cyprus-Panama Trade: In 2022, Cyprus exported $12.8M to Panama. The main products that Cyprus exported to Panama were Passenger and Cargo Ships ($8.57M), Tug Boats ($3.37M), and Packaged Medicaments ($553k). Over the past 5 years the exports of Cyprus to Panama have increased at an annualized rate of 14.4%, from $6.5M in 2017 to $12.8M in 2022.

In 2022, Cyprus did not export any services to Panama.

Comparison In 2022, Panama ranked 56 in the Economic Complexity Index (ECI 0.17), and 119 in total exports ($6.62B). That same year, Cyprus ranked 125 in total exports ($4.91B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Panama exported $7.86M to Cyprus. The main products exported from Panama to Cyprus were Passenger and Cargo Ships ($7.51M), Railway Cargo Containers ($303k), and Cigarette Paper ($21.9k). During the last 5 years the exports of Panama to Cyprus have decreased at an annualized rate of 26.4%, from $36.3M in 2017 to $7.86M in 2022.

In 2017, Cyprus exported $12.8M to Panama. The main products exported from Cyprus to Panama were Passenger and Cargo Ships ($8.57M), Tug Boats ($3.37M), and Packaged Medicaments ($553k). During the last 5 years the exports of Cyprus to Panama have increased at an annualized rate of 14.4%, from $6.5M in 2022 to $12.8M in 2017.

Exports from Panama () to Cyprus () (2022)

Exports from Cyprus () to Panama () (2022)

Latest Data

Trade between Panama () and Cyprus ()

Cyprus Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Panama
Top DestinationChina$1.14B

Cyprus
Top DestinationHong Kong$482M

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

In 2022, countries that imported more from Panama than Cyprus included China ($1.14B), Japan ($785M), and South Korea ($539M).

In 2022, countries that imported more from Cyprus than Panama included Greece ($471M), Hong Kong ($482M), and Lebanon ($329M).

Difference in imports from Cyprus () and Panama () (2022)

Comparative Advantage Panama - Cyprus

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Panama had a large net trade with Cyprus in the exports of Transportation ($7.82M), Paper Goods ($22.7k), and Vegetable Products ($11.3k).

During 2017, Cyprus had a large net trade with Panama in the exports of Transportation ($11.9M), Chemical Products ($625k), and Machines ($96.2k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Panama () to Cyprus () (2022)

Exports from Cyprus () to Panama () (2022)

Latest Data

Trade between Panama () and Cyprus ()

Cyprus Exports

Market Competitiveness

Difference in imports from Cyprus () and Panama () (2022)

Comparative Advantage Panama - Cyprus

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Panama () and Cyprus () (2022)

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