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2022
Flag → Flag
Exports $118MRnk 139 / 217
2022
Flag → Flag
Top Product $18.5MRefined Petroleum
2022
Flag → Flag
Exports $71.6MRnk 18 / 194
2022
Flag → Flag
Top Product $29MPassenger and Cargo Ships
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
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 GDP$28.4BCURRENT US$
Rnk 105 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 138 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$31,284CURRENT US$
Rnk 36 / 186
2012-2022
Flag
GDP PC GROWTH7.9%CURRENT US$
Rnk 123 / 186

About

India-Cyprus Trade: In 2022, India exported $118M to Cyprus. The main products that India exported to Cyprus were Refined Petroleum ($18.5M), Nitrogen Heterocyclic Compounds ($13.2M), and Nucleic Acids ($7.26M). Over the past 5 years the exports of India to Cyprus have increased at an annualized rate of 0.37%, from $116M in 2017 to $118M in 2022.

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

Cyprus-India Trade: In 2022, Cyprus exported $71.6M to India. The main products that Cyprus exported to India were Passenger and Cargo Ships ($29M), Scrap Aluminium ($7.95M), and Calcium Phosphates ($5.71M). Over the past 5 years the exports of Cyprus to India have increased at an annualized rate of 24.8%,  from $23.6M in 2017 to $71.6M in 2022.

In 2020, Cyprus exported services to India worth $14.8M, with Financial services ($12.6M) and Travel ($2.28M) being the largest in terms of value.

Comparison In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64),  and 15 in total exports ($468B). That same year, Cyprus ranked 125 in total exports ($4.91B), and does not have data regarding Economic Complexity Index.

Latest Trends

August, 2024

About

Overview In August 2024, India exported $8.09M and imported $3.49M from Cyprus, resulting in a positive trade balance of $4.6M. Between August 2023 and August 2024 the exports of India have increased by $1.93M (31.4%) from $6.16M to $8.09M, while imports decreased by $-430k (-11%) from $3.92M to $3.49M.

Trade In August 2024, the top exports of India to Cyprus were Residul Chemicl And Alled Prod ($1.28M), Bulk Drugs, Drug Intermediates ($1.23M), Marine Products ($550k), Drug Formulations, Biologicals ($407k), and Other Miscellaenious Chemicals ($346k). In August 2024 the top imports of India from Cyprus were Ship, Boat And Floating Struct ($11.7M), Iron And Steel ($928k), Aluminium, Products Of Aluminm ($750k), Paper, Paper Board And Product ($619k), and Copper And Prdcts Made Of Copr ($260k).

Growth In August 2024, the increase in India's year-by-year exports to Cyprus was explained primarily by an increase in product exports in Residul Chemicl And Alled Prod ($1.05M or 439%), Other Miscellaenious Chemicals ($292k or 544%), and Paper, Paper Board And Product ($207k or 242%). In August 2024, the decrease in India's year-by-year imports  from Cyprus was explained primarily by an decrease in product imports  in Aluminium, Products Of Aluminm ($-660k or -46.8%), Copper And Prdcts Made Of Copr ($-632k or -70.9%), and Sports Goods ($-212 or -1.05%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)$1.93M(31.4%)
IMPORT GROWTH (August 2023 - August 2024)$-430k(-11%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Cyprus and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Cyprus and India Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $118M to Cyprus. The main products exported from India to Cyprus were Refined Petroleum ($18.5M), Nitrogen Heterocyclic Compounds ($13.2M), and Nucleic Acids ($7.26M). During the last 5 years the exports of India to Cyprus have increased at an annualized rate of 0.37%, from $116M in 2017 to $118M in 2022.

In 2017, Cyprus exported $71.6M to India. The main products exported from Cyprus to India were Passenger and Cargo Ships ($29M), Scrap Aluminium ($7.95M), and Calcium Phosphates ($5.71M). During the last 5 years the exports of Cyprus to India have increased at an annualized rate of 24.8%, from $23.6M in 2022 to $71.6M in 2017.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Cyprus
Top DestinationHong Kong$482M

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

In 2022, countries that imported more from India than Cyprus included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, countries that imported more from Cyprus than India included Marshall Islands ($173M), Liberia ($255M), and Antigua and Barbuda ($12.2M).

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

Comparative Advantage India - Cyprus

Flow
Scale

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

During 2022, India had a large net trade with Cyprus in the exports of Chemical Products ($49M), Mineral Products ($18.5M), and Machines ($7.97M).

During 2017, Cyprus had a large net trade with India in the exports of Transportation ($33.5M), Metals ($19.1M), and Mineral Products ($5.79M).

Bilateral Service Trade

In 2020, Cyprus exported services to India worth $14.8M, with Financial services ($12.6M) and Travel ($2.28M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Cyprus (Flag) to India (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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