Cyprus (CYP) and Turkey (TUR) Trade | The Observatory of Economic Complexity

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Cyprus-Turkey Trade: In 2022, Cyprus exported $115M to Turkey. The main products that Cyprus exported to Turkey were Citrus ($25.3M), Cheese ($18.8M), and Scrap Iron ($13.9M). Over the past 5 years the exports of Cyprus to Turkey have increased at an annualized rate of 4.29%, from $93M in 2017 to $115M in 2022.

In 2020, Cyprus exported services to Turkey worth $1.14M, with Transportation ($1.14M) being the largest in terms of value.

Turkey-Cyprus Trade: In 2022, Turkey exported $1.76B to Cyprus. The main products that Turkey exported to Cyprus were Refined Petroleum ($615M), Raw Iron Bars ($69.8M), and Coal Tar Oil ($69.6M). Over the past 5 years the exports of Turkey to Cyprus have increased at an annualized rate of 10.8%, from $1.05B in 2017 to $1.76B in 2022.

In 2009, Turkey exported services to Cyprus worth $3.1M, with Insurance services ($3.1M) 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Cyprus exported $115M to Turkey. The main products exported from Cyprus to Turkey were Citrus ($25.3M), Cheese ($18.8M), and Scrap Iron ($13.9M). During the last 5 years the exports of Cyprus to Turkey have increased at an annualized rate of 4.29%, from $93M in 2017 to $115M in 2022.

In 2017, Turkey exported $1.76B to Cyprus. The main products exported from Turkey to Cyprus were Refined Petroleum ($615M), Raw Iron Bars ($69.8M), and Coal Tar Oil ($69.6M). During the last 5 years the exports of Turkey to Cyprus have increased at an annualized rate of 10.8%, from $1.05B in 2022 to $1.76B in 2017.

Exports from Cyprus () to Turkey () (2022)

Exports from Turkey () to Cyprus () (2022)

Latest Data

Trade between Cyprus () and Turkey ()

Cyprus Exports

Date

Turkey Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Cyprus
Top DestinationHong Kong$482M

Turkey
Top DestinationGermany$21.9B

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

In 2022, countries that imported more from Cyprus than Turkey included Seychelles ($70.8M), Liberia ($255M), and Antigua and Barbuda ($12.2M).

In 2022, countries that imported more from Turkey than Cyprus included Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

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

Comparative Advantage Cyprus - Turkey

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Cyprus had a large net trade with Turkey in the exports of Vegetable Products ($29.3M), Metals ($21.7M), and Animal Products ($21.1M).

During 2017, Turkey had a large net trade with Cyprus in the exports of Mineral Products ($746M), Metals ($186M), and Machines ($168M).

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

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Historical Data

Bilateral Trade by Products

Exports from Cyprus () to Turkey () (2022)

Exports from Turkey () to Cyprus () (2022)

Latest Data

Trade between Cyprus () and Turkey ()

Cyprus Exports

Turkey Exports

Market Competitiveness

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

Comparative Advantage Cyprus - Turkey

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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