Singapore (SGP) and Cyprus (CYP) Trade | The Observatory of Economic Complexity

About

Singapore-Cyprus Trade: In 2022, Singapore exported $262M to Cyprus. The main products that Singapore exported to Cyprus were Other Sea Vessels ($211M), Passenger and Cargo Ships ($22.3M), and Tug Boats ($9.34M). Over the past 5 years the exports of Singapore to Cyprus have increased at an annualized rate of 55.6%, from $28.7M in 2017 to $262M in 2022.

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

Cyprus-Singapore Trade: In 2022, Cyprus exported $92M to Singapore. The main products that Cyprus exported to Singapore were Passenger and Cargo Ships ($57M), Tug Boats ($11.2M), and Refined Petroleum ($8.98M). Over the past 5 years the exports of Cyprus to Singapore have decreased at an annualized rate of 1.83%, from $138M in 2017 to $92M in 2022.

In 2020, Cyprus exported services to Singapore worth $241M, with Transportation ($216M), Financial services ($22.8M), and Computer and information services ($1.14M) being the largest in terms of value.

Comparison In 2022, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B). 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, Singapore exported $262M to Cyprus. The main products exported from Singapore to Cyprus were Other Sea Vessels ($211M), Passenger and Cargo Ships ($22.3M), and Tug Boats ($9.34M). During the last 5 years the exports of Singapore to Cyprus have increased at an annualized rate of 55.6%, from $28.7M in 2017 to $262M in 2022.

In 2017, Cyprus exported $92M to Singapore. The main products exported from Cyprus to Singapore were Passenger and Cargo Ships ($57M), Tug Boats ($11.2M), and Refined Petroleum ($8.98M). During the last 5 years the exports of Cyprus to Singapore have decreased at an annualized rate of 1.83%, from $138M in 2022 to $92M in 2017.

Exports from Singapore () to Cyprus () (2022)

Exports from Cyprus () to Singapore () (2022)

Latest Data

Trade between Singapore () and Cyprus ()

Singapore Exports

Date

Cyprus Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Singapore
Top DestinationHong Kong$51.6B

Cyprus
Top DestinationHong Kong$482M

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

In 2022, countries that imported more from Singapore than Cyprus included China ($51.2B), Hong Kong ($51.6B), and Malaysia ($35.9B).

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

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

Comparative Advantage Singapore - Cyprus

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Singapore had a large net trade with Cyprus in the exports of Transportation ($243M), Chemical Products ($6.27M), and Foodstuffs ($5.18M).

During 2017, Cyprus had a large net trade with Singapore in the exports of Transportation ($69.6M), Mineral Products ($8.98M), and Chemical Products ($4.8M).

Bilateral Service Trade

Cyp Year

In 2020, Cyprus exported services to Singapore worth $241M, with Transportation ($216M), Financial services ($22.8M), and Computer and information services ($1.14M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Singapore () to Cyprus () (2022)

Exports from Cyprus () to Singapore () (2022)

Latest Data

Trade between Singapore () and Cyprus ()

Singapore Exports

Cyprus Exports

Market Competitiveness

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

Comparative Advantage Singapore - Cyprus

Bilateral Service Trade

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

Service Trade

Economic Complexity

Competitive Landscape

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

Keep Exploring