Cyprus (CYP) and Iran (IRN) Trade | The Observatory of Economic Complexity

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Cyprus-Iran Trade: In 2022, Cyprus exported $9.66M to Iran. The main products that Cyprus exported to Iran were Packaged Medicaments ($7.9M), Other Plastic Products ($1.33M), and Special Pharmaceuticals ($240k). Over the past 5 years the exports of Cyprus to Iran have decreased at an annualized rate of 26.5%, from $44.9M in 2017 to $9.66M in 2022.

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

Iran-Cyprus Trade: In 2022, Iran exported $409k to Cyprus. The main products that Iran exported to Cyprus were Grapes ($259k), Knotted Carpets ($53.9k), and Cast Iron Pipes ($36.4k). Over the past 5 years the exports of Iran to Cyprus have decreased at an annualized rate of 18.3%, from $1.68M in 2017 to $409k in 2022.

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

Comparison In 2022, Cyprus ranked 125 in total exports ($4.91B), and does not have data regarding Economic Complexity Index. That same year, Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Cyprus exported $9.66M to Iran. The main products exported from Cyprus to Iran were Packaged Medicaments ($7.9M), Other Plastic Products ($1.33M), and Special Pharmaceuticals ($240k). During the last 5 years the exports of Cyprus to Iran have decreased at an annualized rate of 26.5%, from $44.9M in 2017 to $9.66M in 2022.

In 2017, Iran exported $409k to Cyprus. The main products exported from Iran to Cyprus were Grapes ($259k), Knotted Carpets ($53.9k), and Cast Iron Pipes ($36.4k). During the last 5 years the exports of Iran to Cyprus have decreased at an annualized rate of 18.3%, from $1.68M in 2022 to $409k in 2017.

Exports from Cyprus () to Iran () (2022)

Exports from Iran () to Cyprus () (2022)

Latest Data

Trade between Cyprus () and Iran ()

Cyprus Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Cyprus
Top DestinationHong Kong$482M

Iran
Top DestinationChina$5.72B

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

In 2022, countries that imported more from Cyprus than Iran included Hong Kong ($482M), Greece ($471M), and Liberia ($255M).

In 2022, countries that imported more from Iran than Cyprus included China ($5.72B), Turkey ($3.17B), and Kuwait ($960M).

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

Comparative Advantage Cyprus - Iran

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Cyprus had a large net trade with Iran in the exports of Chemical Products ($8.14M), Plastics and Rubbers ($1.33M), and Instruments ($102k).

During 2017, Iran had a large net trade with Cyprus in the exports of Vegetable Products ($259k), Metals ($66.1k), and Textiles ($64k).

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 Cyprus and Iran. This means that a dot/product with the flag of Cyprus indicates it has a comparative advantage over Iran. Similarly, a dot/product with the flag of Iran indicates it has a comparative advantage over Cyprus.

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Historical Data

Bilateral Trade by Products

Exports from Cyprus () to Iran () (2022)

Exports from Iran () to Cyprus () (2022)

Latest Data

Trade between Cyprus () and Iran ()

Cyprus Exports

Market Competitiveness

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

Comparative Advantage Cyprus - Iran

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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