Thailand (THA) and Cyprus (CYP) Trade | The Observatory of Economic Complexity

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Thailand-Cyprus Trade: In 2022, Thailand exported $35.3M to Cyprus. The main products that Thailand exported to Cyprus were Delivery Trucks ($5.57M), Air Conditioners ($4.66M), and Molluscs ($2.82M). Over the past 5 years the exports of Thailand to Cyprus have increased at an annualized rate of 4.28%, from $28.6M in 2017 to $35.3M in 2022.

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

Cyprus-Thailand Trade: In 2022, Cyprus exported $12M to Thailand. The main products that Cyprus exported to Thailand were Cars ($5.6M), Packaged Medicaments ($2.55M), and Recovered Paper ($1.71M). Over the past 5 years the exports of Cyprus to Thailand have decreased at an annualized rate of 7.14%, from $17.3M in 2017 to $12M in 2022.

In 2017, Cyprus exported services to Thailand worth $1.13M, with Financial services ($1.13M) being the largest in terms of value.

Comparison In 2022, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B). 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, Thailand exported $35.3M to Cyprus. The main products exported from Thailand to Cyprus were Delivery Trucks ($5.57M), Air Conditioners ($4.66M), and Molluscs ($2.82M). During the last 5 years the exports of Thailand to Cyprus have increased at an annualized rate of 4.28%, from $28.6M in 2017 to $35.3M in 2022.

In 2017, Cyprus exported $12M to Thailand. The main products exported from Cyprus to Thailand were Cars ($5.6M), Packaged Medicaments ($2.55M), and Recovered Paper ($1.71M). During the last 5 years the exports of Cyprus to Thailand have decreased at an annualized rate of 7.14%, from $17.3M in 2022 to $12M in 2017.

Exports from Thailand () to Cyprus () (2022)

Exports from Cyprus () to Thailand () (2022)

Latest Data

Trade between Thailand () and Cyprus ()

Thailand Exports

Date

Cyprus Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Thailand
Top DestinationUnited States$53.4B

Cyprus
Top DestinationHong Kong$482M

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

In 2022, countries that imported more from Thailand than Cyprus included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

In 2022, countries that imported more from Cyprus than Thailand included Greece ($471M), Liberia ($255M), and Marshall Islands ($173M).

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

Comparative Advantage Thailand - Cyprus

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Thailand had a large net trade with Cyprus in the exports of Machines ($9.66M), Foodstuffs ($7.01M), and Transportation ($6.96M).

During 2017, Cyprus had a large net trade with Thailand in the exports of Transportation ($5.74M), Chemical Products ($2.57M), and Paper Goods ($1.72M).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Thailand () to Cyprus () (2022)

Exports from Cyprus () to Thailand () (2022)

Latest Data

Trade between Thailand () and Cyprus ()

Thailand Exports

Cyprus Exports

Market Competitiveness

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

Comparative Advantage Thailand - Cyprus

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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