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

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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.

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.

Comparison In 2022, Cyprus ranked 125 in total exports ($4.91B), and does not have data regarding Economic Complexity Index. That same year, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, 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 2017 to $12M in 2022.

In 2017, 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 2022 to $35.3M in 2017.

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

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

Latest Data

Trade between Cyprus () and Thailand ()

Cyprus Exports

Date

Thailand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Cyprus
Top DestinationHong Kong$482M

Thailand
Top DestinationUnited States$53.4B

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

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

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

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

Comparative Advantage Cyprus - Thailand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Cyprus had a large net trade with Thailand in the exports of Transportation ($5.74M), Chemical Products ($2.57M), and Paper Goods ($1.72M).

During 2017, Thailand had a large net trade with Cyprus in the exports of Machines ($9.66M), Foodstuffs ($7.01M), and Transportation ($6.96M).

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

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Cyprus () and Thailand ()

Cyprus Exports

Thailand Exports

Market Competitiveness

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

Comparative Advantage Cyprus - Thailand

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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