2022
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GDP
$28.4BCURRENT US$
Rnk 105 / 186
2012-2022
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GDP GROWTH
13.5%CURRENT US$
Rnk 138 / 186
2022
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 GDP
$529BCURRENT US$
Rnk 26 / 186
2012-2022
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GDP GROWTH
135%CURRENT US$
Rnk 7 / 186
2022
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GDP PC 
$31,284CURRENT US$
Rnk 36 / 186
2012-2022
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GDP PC GROWTH
7.9%CURRENT US$
Rnk 123 / 186
2022
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GDP PC
$104,039CURRENT US$
Rnk 4 / 186
2012-2022
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GDP PC GROWTH
112%CURRENT US$
Rnk 7 / 186

About

Cyprus-Ireland In 2022, Cyprus exported $21.6M to Ireland. The main products that Cyprus exported to Ireland are Planes, Helicopters, and/or Spacecraft ($10.6M), Computers ($2.66M), and Cheese ($2.04M). During the last 27 years the exports of Cyprus to Ireland have increased at an annualized rate of 3.27%, from $9.07M in 1995 to $21.6M in 2022.

In 2020, Cyprus exported services to Ireland worth $187M, with Computer and information services ($160M), Financial services ($22.8M), and Transportation ($3.43M) being the largest in terms of value.

Ireland-Cyprus In 2022, Ireland exported $177M to Cyprus. The main products that Ireland exported to Cyprus were Planes, Helicopters, and/or Spacecraft ($89.6M), Scented Mixtures ($41.1M), and Packaged Medicaments ($8.23M). During the last 27 years the exports of Ireland to Cyprus have increased at an annualized rate of 6.43%, from $32.8M in 1995 to $177M in 2022.

In 2020, Ireland exported services to Cyprus worth $40M, with Insurance services ($19.4M), Transportation ($10.3M), and Financial services ($6.85M) being the largest in terms of value.

Comparison In 2022,  Cyprus ranked 125 in total exports ($4.91B), and does not have data regarding Economic Complexity Index. That same year, Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Cyprus exported $21.6M to Ireland. The main products exported from Cyprus to Ireland were Planes, Helicopters, and/or Spacecraft ($10.6M), Computers ($2.66M), and Cheese ($2.04M). During the last 27 years the exports of Cyprus to Ireland have increased at an annualized rate of 3.27%, from $9.07M in 1995 to $21.6M in 2022.

In 2022, Ireland exported $177M to Cyprus. The main products exported from Ireland to Cyprus were Planes, Helicopters, and/or Spacecraft ($89.6M), Scented Mixtures ($41.1M), and Packaged Medicaments ($8.23M). During the last 27 years the exports of Ireland to Cyprus have increased at an annualized rate of 6.43%, from $32.8M in 1995 to $177M in 2022.

Exports from Cyprus (Flag) to Ireland (Flag) (2022)

Exports from Ireland (Flag) to Cyprus (Flag) (2022)

Latest Data

Trade between Cyprus (Flag) and Ireland (Flag)

Cyprus Exports

Ireland Exports

Market Competitiveness

Color
Cyprus
Top Destination
Hong Kong$482M
Ireland
Top Destination
United States$70.7B

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

In 2021, countries that imported more from Cyprus than Ireland were Lebanon ($329M), Liberia ($255M), and Marshall Islands ($173M).

In 2021, countries that imported more from Ireland than Cyprus were United States ($70.7B), Germany ($28.6B), and United Kingdom ($19B).

Difference in imports from Ireland (Flag) and Cyprus (Flag) (2022)

Comparative Advantage Cyprus - Ireland

Flow
Scale

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

During 2022, Cyprus had a large net trade with Ireland in the exports of Transportation ($10.6M), Machines ($2.96M), and Animal Products ($2.04M).

During 2022, Ireland had a large net trade with Cyprus in the exports of Transportation ($95M), Chemical Products ($54.5M), and Foodstuffs ($11.9M).

Service Trade

Bilateral Service Trade

In 2020, Cyprus exported services to Ireland worth $187M, with Computer and information services ($160M), Financial services ($22.8M), and Transportation ($3.43M) being the largest in terms of value.

In 2020, Ireland exported services to Cyprus worth $40M, with Insurance services ($19.4M), Transportation ($10.3M), and Financial services ($6.85M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Cyprus (Flag) to Ireland (Flag) (2020)

Services Exports from Ireland (Flag) to Cyprus (Flag) (2020)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Cyprus has comparative advantage over Ireland. Similarly, the more yellow a dot/product is, the more Ireland has comparative advantage over Cyprus.

Product Space of Cyprus (Flag) and Ireland (Flag) (2022)

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