Merchandise exports to low- and middle-income economies outside region in Cyprus
Cyprus: Merchandise exports to low- and middle-income economies outside region was 47.6% in 2023. ◆ Volatile
Merchandise exports to low- and middle-income economies outside region 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 low- and middle-income economies outside region in Cyprus is 47.6%, measured in 2023. That is the highest value across all 64 years on record.
Compared with earlier readings it is up 45.7% on the previous year and up 140.7% over ten years.
Over the whole period, merchandise exports to low- and middle-income economies outside region in Cyprus peaked at 47.6% in 2023 and was at its lowest, 3.5%, in 1962.
That places Cyprus 20th out of 206 countries with data for 2023, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise exports to low- and middle-income economies outside region in Cyprus, year by year
| Year | % of total merchandise exports | Change |
|---|---|---|
| 1960 | 5.3% | — |
| 1961 | 4.1% | -21.8% |
| 1962 | 3.5% | -14.7% |
| 1963 | 4.4% | +24.9% |
| 1964 | 3.9% | -12.0% |
| 1965 | 6.0% | +54.8% |
| 1966 | 5.6% | -7.1% |
| 1967 | 5.0% | -9.5% |
| 1968 | 4.1% | -17.8% |
| 1969 | 4.8% | +15.9% |
| 1970 | 5.8% | +20.9% |
| 1971 | 6.8% | +16.4% |
| 1972 | 7.3% | +8.6% |
| 1973 | 8.3% | +13.1% |
| 1974 | 16.3% | +95.8% |
| 1975 | 27.8% | +70.8% |
| 1976 | 37.4% | +34.5% |
| 1977 | 26.5% | -29.2% |
| 1978 | 33.5% | +26.3% |
| 1979 | 35.3% | +5.4% |
| 1980 | 39.1% | +10.9% |
| 1981 | 39.6% | +1.3% |
| 1982 | 38.0% | -4.1% |
| 1983 | 35.6% | -6.4% |
| 1984 | 41.4% | +16.4% |
| 1985 | 39.4% | -4.9% |
| 1986 | 29.9% | -24.2% |
| 1987 | 29.4% | -1.6% |
| 1988 | 27.9% | -5.1% |
| 1989 | 23.7% | -15.1% |
| 1990 | 25.1% | +6.2% |
| 1991 | 31.8% | +26.5% |
| 1992 | 30.8% | -3.2% |
| 1993 | 29.5% | -4.3% |
| 1994 | 23.0% | -22.0% |
| 1995 | 16.7% | -27.6% |
| 1996 | 13.9% | -16.8% |
| 1997 | 16.9% | +22.1% |
| 1998 | 19.4% | +14.7% |
| 1999 | 18.5% | -4.5% |
| 2000 | 17.7% | -4.3% |
| 2001 | 16.9% | -4.8% |
| 2002 | 19.9% | +17.9% |
| 2003 | 17.4% | -12.7% |
| 2004 | 11.8% | -31.9% |
| 2005 | 10.4% | -11.8% |
| 2006 | 12.2% | +16.7% |
| 2007 | 12.8% | +4.9% |
| 2008 | 14.6% | +14.3% |
| 2009 | 18.1% | +23.7% |
| 2010 | 17.4% | -3.7% |
| 2011 | 15.5% | -10.7% |
| 2012 | 19.3% | +24.3% |
| 2013 | 19.8% | +2.4% |
| 2014 | 25.0% | +26.6% |
| 2015 | 27.5% | +10.0% |
| 2016 | 28.5% | +3.3% |
| 2017 | 32.7% | +14.8% |
| 2018 | 36.7% | +12.4% |
| 2019 | 29.5% | -19.6% |
| 2020 | 38.1% | +29.2% |
| 2021 | 41.1% | +7.7% |
| 2022 | 32.7% | -20.5% |
| 2023 | 47.6% | +45.7% |
Cyprus compared with similar countries
- Cyprus's 47.6% is above the median for high income countries, which is 9.2%, 5.2× the median. (74 countries reporting)
- Cyprus's 47.6% is above the median for Europe & Central Asia, which is 9.2%, 5.2× the median. (53 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 4.7% | 3.5% | 6.0% | 10 |
| 1970s | 20.5% | 5.8% | 37.4% | 10 |
| 1980s | 34.4% | 23.7% | 41.4% | 10 |
| 1990s | 22.6% | 13.9% | 31.8% | 10 |
| 2000s | 15.2% | 10.4% | 19.9% | 10 |
| 2010s | 25.2% | 15.5% | 36.7% | 10 |
| 2020s | 39.9% | 32.7% | 47.6% | 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 low- and middle-income economies outside region in Cyprus?
- Merchandise exports to low- and middle-income economies outside region in Cyprus was 47.6% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise exports to low- and middle-income economies outside region recorded in Cyprus?
- The highest recorded value was 47.6% in 2023.
- What is the lowest merchandise exports to low- and middle-income economies outside region recorded in Cyprus?
- The lowest recorded value was 3.5% in 1962.
- How does Cyprus rank for merchandise exports to low- and middle-income economies outside region?
- Cyprus ranks 20th out of 206 countries with data for 2023.
- Is merchandise exports to low- and middle-income economies outside region rising or falling in Cyprus?
- Over the last ten years it is up 140.7%. The long-run trend across the full record is volatile.
- Where does this Cyprus data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports). Statizoid updates them automatically from the source API.
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About this data
Merchandise exports to low- and middle-income economies outside region are the sum of merchandise exports from the reporting economy to other low- and middle-income economies in other World Bank regions 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.