Cyprus

ECON COMPLEXITY (2018)

0.57

RANK 44 OF 137

PRODUCT EXPORTS (2018)

$5.09B

RANK 113 OF 222

EXPORTS PER CAPITA (2018)

$4.28K

RANK 71 OF 219

PRODUCT IMPORTS (2018)

$13.8B

RANK 88 OF 221

IMPORTS PER CAPITA (2018)

$11.6K

RANK 62 of 219

SERVICE EXPORTS (2017)

$8.8B

RANK 50 OF 139

SERVICE IMPORTS (2017)

$5.61B

RANK 62 OF 139

GDP (2018)

$25B

CURRENT US$
RANK 108 OF 196

GDP GROWTH (2008-2018)

-10.4%

CURRENT US$
RANK 184 OF 196

GDP PC (2018)

$28,690

CURRENT US$
RANK 37 OF 196

GDP PC GROWTH (2008-2018)

-18.9%

Overview: In 2018 Cyprus was the number 108 economy in the world in terms of GDP (current US$), the number 113 in total exports, the number 88 in total imports, and the number 44 most complex economy according to the Economic Complexity Index (ECI). In 2018, Cyprus exported $5.09B and imported $13.8B, resulting in a negative trade balance of -$8.71B. In 2018, Cyprus’s exports per capita were $4.28k and its imports per capita were $11.6k.

Trade: The top exports of Cyprus are Refined Petroleum ($984M), Recreational Boats ($757M), Packaged Medicaments ($400M), Other Sea Vessels ($280M), and Cheese ($274M). The top imports of Cyprus are Refined Petroleum ($2.24B), Passenger and Cargo Ships ($1.67B), Recreational Boats ($620M), Cars ($513M), and Special Purpose Ships($375M).

Destinations: Cyprus exports mostly to Cayman Islands ($753M), Greece ($461M), Libya ($457M), Norway ($288M), and United Kingdom($230M), and imports mostly from Greece ($2.01B), South Korea($1.25B), Italy ($1.05B), Turkey ($989M), and Russia ($760M).

Location: Cyprus borders Egypt, Greece, Israel, Lebanon, Syria, and Turkey by sea.

Exports

In 2018 Cyprus exported a total of $5.09B, making it the number 113 exporter in the world. During the last five reported years the exports of Cyprus have changed by -$434M from $5.52B in 2013 to $5.09B in 2018.

The most recent exports are led by Refined Petroleum ($984M), Recreational Boats ($757M), Packaged Medicaments ($400M), Other Sea Vessels ($280M), and Cheese ($274M).

Imports

In 2018 Cyprus imported $13.8B, making it the number 88 trade destination in the world. During the last five reported years the imports of Cyprus changed by $3.13B from $10.7B in 2013 to $13.8B in 2018.

The most recent imports of Cyprus are led by Refined Petroleum ($2.24B), Passenger and Cargo Ships ($1.67B), Recreational Boats ($620M), Cars ($513M), and Special Purpose Ships ($375M).

Trade Balance

As of 2018 Cyprus had a negative trade balance of $6.02B in net imports. As compared to their trade balance in 1995 when they still had a negative trade balance of $3.09B in net imports.

Destinations

The most common destination for the exports of Cyprus are Cayman Islands ($753M), Greece ($461M), Libya ($457M), Norway ($288M), and United Kingdom ($230M).

Origins

The most common import partners for Cyprus are Greece ($2.01B), South Korea ($1.25B), Italy ($1.05B), Turkey ($989M), and Russia ($760M).