Merchandise exports to high-income economies in Cyprus
Cyprus: Merchandise exports to high-income economies was 51.6% in 2023. ▼ Falling
Merchandise exports to high-income economies in Cyprus, 1960–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise exports.
Analysis
The most recent figure for merchandise exports to high-income economies in Cyprus is 51.6%, measured in 2023. That is the lowest value across all 64 years on record.
That represents a change of down 19.2% on the previous year and down 34.2% over ten years.
Over the whole period, merchandise exports to high-income economies in Cyprus peaked at 95.6% in 1968 and was at its lowest, 51.6%, in 2023.
That places Cyprus 134th out of 206 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 64 years of available data.
Merchandise exports to high-income economies in Cyprus, year by year
| Year | % of total merchandise exports | Change |
|---|---|---|
| 1960 | 94.1% | — |
| 1961 | 95.0% | +0.9% |
| 1962 | 95.4% | +0.4% |
| 1963 | 94.7% | -0.7% |
| 1964 | 95.6% | +0.9% |
| 1965 | 93.8% | -1.8% |
| 1966 | 94.3% | +0.5% |
| 1967 | 94.8% | +0.6% |
| 1968 | 95.6% | +0.8% |
| 1969 | 94.8% | -0.8% |
| 1970 | 93.4% | -1.4% |
| 1971 | 92.0% | -1.5% |
| 1972 | 89.1% | -3.1% |
| 1973 | 90.7% | +1.8% |
| 1974 | 83.2% | -8.3% |
| 1975 | 71.7% | -13.8% |
| 1976 | 62.5% | -12.8% |
| 1977 | 73.5% | +17.5% |
| 1978 | 66.5% | -9.5% |
| 1979 | 64.7% | -2.7% |
| 1980 | 60.9% | -5.9% |
| 1981 | 60.4% | -0.9% |
| 1982 | 62.0% | +2.7% |
| 1983 | 64.4% | +3.9% |
| 1984 | 58.5% | -9.2% |
| 1985 | 60.6% | +3.5% |
| 1986 | 70.1% | +15.8% |
| 1987 | 70.6% | +0.7% |
| 1988 | 71.8% | +1.7% |
| 1989 | 76.3% | +6.3% |
| 1990 | 74.8% | -1.9% |
| 1991 | 68.2% | -8.9% |
| 1992 | 69.1% | +1.4% |
| 1993 | 69.0% | -0.1% |
| 1994 | 75.5% | +9.4% |
| 1995 | 81.6% | +8.1% |
| 1996 | 84.2% | +3.1% |
| 1997 | 81.0% | -3.7% |
| 1998 | 78.2% | -3.4% |
| 1999 | 77.7% | -0.6% |
| 2000 | 80.4% | +3.5% |
| 2001 | 80.2% | -0.3% |
| 2002 | 78.2% | -2.5% |
| 2003 | 80.8% | +3.4% |
| 2004 | 87.0% | +7.6% |
| 2005 | 88.6% | +1.9% |
| 2006 | 85.9% | -3.0% |
| 2007 | 84.6% | -1.5% |
| 2008 | 82.2% | -2.8% |
| 2009 | 79.9% | -2.9% |
| 2010 | 80.2% | +0.4% |
| 2011 | 82.6% | +3.1% |
| 2012 | 78.6% | -4.9% |
| 2013 | 78.4% | -0.2% |
| 2014 | 73.7% | -6.0% |
| 2015 | 71.4% | -3.1% |
| 2016 | 70.5% | -1.3% |
| 2017 | 65.9% | -6.5% |
| 2018 | 62.4% | -5.3% |
| 2019 | 68.6% | +9.9% |
| 2020 | 60.4% | -12.0% |
| 2021 | 57.6% | -4.6% |
| 2022 | 63.9% | +10.8% |
| 2023 | 51.6% | -19.2% |
Cyprus compared with similar countries
- Cyprus's 51.6% is below the median for high income countries, which is 80.7%, 64% of the median. (74 countries reporting)
- Cyprus's 51.6% is below the median for Europe & Central Asia, which is 83.1%, 62% of the median. (53 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 94.8% | 93.8% | 95.6% | 10 |
| 1970s | 78.8% | 62.5% | 93.4% | 10 |
| 1980s | 65.5% | 58.5% | 76.3% | 10 |
| 1990s | 75.9% | 68.2% | 84.2% | 10 |
| 2000s | 82.8% | 78.2% | 88.6% | 10 |
| 2010s | 73.2% | 62.4% | 82.6% | 10 |
| 2020s | 58.4% | 51.6% | 63.9% | 4 |
Countries ranked near Cyprus
More private sector data for Cyprus
- Merchandise trade 52.1% (2025)
- Food imports 15.3% (2024)
- Manufactures imports 59.4% (2024)
- Merchandise imports 15.29 billion current US$ (2025)
- Food exports 22.5% (2024)
- Manufactures exports 22.2% (2024)
- Merchandise exports 6.19 billion current US$ (2025)
- Merchandise exports (current US$), per capita 4,513 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1501 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 11.94 % change on previous year (2025)
Frequently asked questions
- What is merchandise exports to high-income economies in Cyprus?
- Merchandise exports to high-income economies in Cyprus was 51.6% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise exports to high-income economies recorded in Cyprus?
- The highest recorded value was 95.6% in 1968.
- What is the lowest merchandise exports to high-income economies recorded in Cyprus?
- The lowest recorded value was 51.6% in 2023.
- How does Cyprus rank for merchandise exports to high-income economies?
- Cyprus ranks 134th out of 206 countries with data for 2023.
- Is merchandise exports to high-income economies rising or falling in Cyprus?
- Over the last ten years it is down 34.2%. The long-run trend across the full record is falling.
- Where does this Cyprus data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Merchandise exports to high-income economies (% of total merchandise exports). Statizoid updates them automatically from the source API.
Download this data
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About this data
Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.