Cyprus-China, Hong Kong SAR Bilateral Trade Analysis 2023
Complete trade statistics: $178.78M total volume •Cyprus surplus: $178.78M
Cyprus → China, Hong Kong SAR
$178.78M
Exports (2023)
China, Hong Kong SAR → Cyprus
$0
Imports (2023)
Trade Balance
$178.78M
Surplus for Cyprus
Total Trade
$178.78M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Cyprus and China, Hong Kong SAR. Green line shows exports from Cyprus, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Cyprus-China, Hong Kong SAR commercial relationship and competitive positioning in global markets.
Cyprus → China, Hong Kong SAR Exports
Export Market Intelligence
🎯 Strategic Export Focus
Cyprus's export portfolio to China, Hong Kong SAR demonstrates strategic specialization, with vessels: n.e.c. in heading no. 8901, for the transport of goods and other vessels for the transport of both persons and goods representing a key competitive advantage in this bilateral market.
China, Hong Kong SAR → Cyprus Imports
Import Dependency Profile
📦 Import Strategy Analysis
Cyprus's import pattern from China, Hong Kong SAR reveals significant dependencyin telephones for cellular networks or for other wireless networks, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Cyprus demonstrates competitive strength in exportingvessels: n.e.c. in heading no. 8901, for the transport of goods and other vessels for the transport of both persons and goods to China, Hong Kong SAR, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $178.78M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Cyprus-China, Hong Kong SAR Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $178.78 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Cyprus maintains a surplus of $178.78 million
- Export Focus: Cyprus's primary exports include vessels: n.e.c. in heading no. 8901, for the transport of goods and other vessels for the transport of both persons and goods, tankers, vessels: other, including lifeboats other than rowing boats, other than warships
- Import Dependencies: Key imports from China, Hong Kong SAR include telephones for cellular networks or for other wireless networks, communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus, air conditioning machines: comprising a motor-driven fan and elements for changing the temperature and humidity, of a kind designed to be fixed to a window, wall, ceiling or floor, self-contained or "split-system"
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $178.78M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Cyprus leveraging its comparative advantages in vessels: n.e.c. in heading no. 8901, for the transport of goods and other vessels for the transport of both persons and goods.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Cyprus's specialization in vessels: n.e.c. in heading no. 8901, for the transport of goods and other vessels for the transport of both persons and goodscomplements China, Hong Kong SAR's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in telephones for cellular networks or for other wireless networks.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $178.78M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $178.78M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $178.78 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in vessels: n.e.c. in heading no. 8901, for the transport of goods and other vessels for the transport of both persons and goods and telephones for cellular networks or for other wireless networks demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Cyprus's trade surplus of $178.78 million strengthens its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Cyprus and China, Hong Kong SAR represents a total trade volume of $178.78 million in 2023. This partnership demonstrates a favorable trade balance for Cyprus, with exports exceeding importsby $178.78 million.
Export Strengths
Cyprus's exports to China, Hong Kong SAR total $178.78 million, with competitive advantages in vessels: n.e.c. in heading no. 8901, for the transport of goods and other vessels for the transport of both persons and goods, representing $123.28M or69.0% of bilateral exports.
Import Dependencies
Imports from China, Hong Kong SAR amount to $0.00, highlighting economic interdependence in telephones for cellular networks or for other wireless networks, with Telephones for cellular networks or for other wireless networks comprisingInfinity% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Cyprus's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Cyprus and China, Hong Kong SAR in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023