2022
Flag  
GDP
$522BCURRENT US$
Rnk 27 / 186
2012-2022
Flag
GDP GROWTH
99%CURRENT US$
Rnk 14 / 186
2022
Flag
 GDP
$28.4BCURRENT US$
Rnk 105 / 186
2012-2022
Flag
GDP GROWTH
13.5%CURRENT US$
Rnk 138 / 186
2022
Flag
GDP PC 
$54,660CURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP PC GROWTH
64.9%CURRENT US$
Rnk 21 / 186
2022
Flag
GDP PC
$31,284CURRENT US$
Rnk 36 / 186
2012-2022
Flag
GDP PC GROWTH
7.9%CURRENT US$
Rnk 123 / 186

About

Israel-Cyprus In 2022, Israel exported $827M to Cyprus. The main products that Israel exported to Cyprus are Refined Petroleum ($723M), Passenger and Cargo Ships ($34M), and Telephones ($3.8M). During the last 27 years the exports of Israel to Cyprus have increased at an annualized rate of 9.9%, from $64.6M in 1995 to $827M in 2022.

In 2012, Israel exported services to Cyprus worth $646M, with Computer and information services ($646M) being the largest in terms of value.

Cyprus-Israel In 2022, Cyprus exported $254M to Israel. The main products that Cyprus exported to Israel were Other Vegetable Residues ($46.3M), Cement ($39.8M), and Non-fillet Fresh Fish ($30.2M). During the last 27 years the exports of Cyprus to Israel have increased at an annualized rate of 7.07%, from $40.2M in 1995 to $254M in 2022.

In 2009, Cyprus exported services to Israel worth $145M, with Transportation ($86M), Travel ($32.1M), and Other business services ($13.2M) being the largest in terms of value.

Comparison In 2022,  Israel ranked 19 in the Economic Complexity Index (ECI 1.17),  and 49 in total exports ($76.9B). 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
Value

In 2022, Israel exported $827M to Cyprus. The main products exported from Israel to Cyprus were Refined Petroleum ($723M), Passenger and Cargo Ships ($34M), and Telephones ($3.8M). During the last 27 years the exports of Israel to Cyprus have increased at an annualized rate of 9.9%, from $64.6M in 1995 to $827M in 2022.

In 2022, Cyprus exported $254M to Israel. The main products exported from Cyprus to Israel were Other Vegetable Residues ($46.3M), Cement ($39.8M), and Non-fillet Fresh Fish ($30.2M). During the last 27 years the exports of Cyprus to Israel have increased at an annualized rate of 7.07%, from $40.2M in 1995 to $254M in 2022.

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

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

Latest Data

Trade between Israel (Flag) and Cyprus (Flag)

Israel Exports

Cyprus Exports

Market Competitiveness

Color
Israel
Top Destination
United States$20.3B
Cyprus
Top Destination
Hong Kong$482M

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

In 2021, countries that imported more from Israel than Cyprus were United States ($20.3B), China ($5.53B), and Palestine ($4.6B).

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

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

Comparative Advantage Israel - Cyprus

Flow
Scale

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

During 2022, Israel had a large net trade with Cyprus in the exports of Mineral Products ($723M), Transportation ($41.7M), and Machines ($16.8M).

During 2022, Cyprus had a large net trade with Israel in the exports of Foodstuffs ($62.9M), Mineral Products ($59.9M), and Animal Products ($35.4M).

Service Trade

Bilateral Service Trade

In 2012, Israel exported services to Cyprus worth $646M, with Computer and information services ($646M) being the largest in terms of value.

In 2009, Cyprus exported services to Israel worth $145M, with Transportation ($86M), Travel ($32.1M), and Other business services ($13.2M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Israel (Flag) to Cyprus (Flag) (2012)

Services Exports from Cyprus (Flag) to Israel (Flag) (2009)

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 Israel has comparative advantage over Cyprus. Similarly, the more yellow a dot/product is, the more Cyprus has comparative advantage over Israel.

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

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with