Romania (ROU) and Cyprus (CYP) Trade | The Observatory of Economic Complexity

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Romania-Cyprus Trade: In 2022, Romania exported $167M to Cyprus. The main products that Romania exported to Cyprus were Refined Petroleum ($32.3M), Corn ($30.6M), and Barley ($11.6M). Over the past 5 years the exports of Romania to Cyprus have increased at an annualized rate of 22.4%, from $60.7M in 2017 to $167M in 2022.

In 2020, Romania exported services to Cyprus worth $115M, with Other business services ($42.9M), Computer and information services ($32.1M), and Transportation ($24.6M) being the largest in terms of value.

Cyprus-Romania Trade: In 2022, Cyprus exported $62.2M to Romania. The main products that Cyprus exported to Romania were Packaged Medicaments ($23.6M), Petroleum Coke ($5.82M), and Other Edible Preparations ($2.11M). Over the past 5 years the exports of Cyprus to Romania have increased at an annualized rate of 6.81%, from $41.9M in 2017 to $62.2M in 2022.

In 2020, Cyprus exported services to Romania worth $24M, with Transportation ($13.7M), Financial services ($8M), and Travel ($2.28M) being the largest in terms of value.

Comparison In 2022, Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B). 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, Romania exported $167M to Cyprus. The main products exported from Romania to Cyprus were Refined Petroleum ($32.3M), Corn ($30.6M), and Barley ($11.6M). During the last 5 years the exports of Romania to Cyprus have increased at an annualized rate of 22.4%, from $60.7M in 2017 to $167M in 2022.

In 2017, Cyprus exported $62.2M to Romania. The main products exported from Cyprus to Romania were Packaged Medicaments ($23.6M), Petroleum Coke ($5.82M), and Other Edible Preparations ($2.11M). During the last 5 years the exports of Cyprus to Romania have increased at an annualized rate of 6.81%, from $41.9M in 2022 to $62.2M in 2017.

Exports from Romania () to Cyprus () (2022)

Exports from Cyprus () to Romania () (2022)

Latest Data

Trade between Romania () and Cyprus ()

Romania Exports

Date

Cyprus Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Romania
Top DestinationGermany$18.8B

Cyprus
Top DestinationHong Kong$482M

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

In 2022, countries that imported more from Romania than Cyprus included Germany ($18.8B), Italy ($9.55B), and Hungary ($6.75B).

In 2022, countries that imported more from Cyprus than Romania included Hong Kong ($482M), Liberia ($255M), and Marshall Islands ($173M).

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

Comparative Advantage Romania - Cyprus

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Romania had a large net trade with Cyprus in the exports of Vegetable Products ($47.5M), Mineral Products ($32.3M), and Miscellaneous ($17.6M).

During 2017, Cyprus had a large net trade with Romania in the exports of Chemical Products ($26.2M), Machines ($7.21M), and Mineral Products ($7.02M).

Bilateral Service Trade

Cyp Year

Rou Year

In 2020, Romania exported services to Cyprus worth $115M, with Other business services ($42.9M), Computer and information services ($32.1M), and Transportation ($24.6M) being the largest in terms of value.

In 2020, Cyprus exported services to Romania worth $24M, with Transportation ($13.7M), Financial services ($8M), and Travel ($2.28M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Romania () to Cyprus () (2022)

Exports from Cyprus () to Romania () (2022)

Latest Data

Trade between Romania () and Cyprus ()

Romania Exports

Cyprus Exports

Market Competitiveness

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

Comparative Advantage Romania - Cyprus

Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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