Cyprus-Sweden Bilateral Trade Analysis 2023
Complete trade statistics: $135.49M total volume •Cyprus deficit: $135.49M
Cyprus → Sweden
$0
Exports (2023)
Sweden → Cyprus
$135.49M
Imports (2023)
Trade Balance
$135.49M
Deficit for Cyprus
Total Trade
$135.49M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Cyprus and Sweden. 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-Sweden commercial relationship and competitive positioning in global markets.
Cyprus → Sweden Exports
Export Market Intelligence
🎯 Strategic Export Focus
Cyprus's export portfolio to Sweden demonstrates strategic specialization, with dairy produce: cheese (not grated, powdered or processed), n.e.c. in heading no. 0406 representing a key competitive advantage in this bilateral market.
Sweden → Cyprus Imports
Import Dependency Profile
📦 Import Strategy Analysis
Cyprus's import pattern from Sweden reveals significant dependencyin turbines: gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kw, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Cyprus demonstrates competitive strength in exportingdairy produce: cheese (not grated, powdered or processed), n.e.c. in heading no. 0406 to Sweden, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $135.49M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Cyprus-Sweden Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $135.49 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Cyprus maintains a deficit of $135.49 million
- Export Focus: Cyprus's primary exports include dairy produce: cheese (not grated, powdered or processed), n.e.c. in heading no. 0406, juice: of single citrus fruit (excluding orange or grapefruit), of a brix value not exceeding 20, unfermented, not containing added spirit, whether or not containing added sugar or other sweetening matter, offal, edible: of swine, fresh or chilled
- Import Dependencies: Key imports from Sweden include turbines: gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kw, medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, vessels: n.e.c. in heading no. 8901, for the transport of goods and other vessels for the transport of both persons and goods
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 $135.49M 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 dairy produce: cheese (not grated, powdered or processed), n.e.c. in heading no. 0406.
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 dairy produce: cheese (not grated, powdered or processed), n.e.c. in heading no. 0406complements Sweden's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in turbines: gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kw.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $135.49M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $135.49M 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 $135.49 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in dairy produce: cheese (not grated, powdered or processed), n.e.c. in heading no. 0406 and turbines: gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kw demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Cyprus's trade deficit of $135.49 million impacts 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 Sweden represents a total trade volume of $135.49 million in 2023. This partnership demonstrates an unfavorable trade balance for Cyprus, with imports exceeding exportsby $135.49 million.
Export Strengths
Cyprus's exports to Sweden total $0.00, with competitive advantages in dairy produce: cheese (not grated, powdered or processed), n.e.c. in heading no. 0406, representing $30.67M orInfinity% of bilateral exports.
Import Dependencies
Imports from Sweden amount to $135.49 million, highlighting economic interdependence in turbines: gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kw, with Turbines: gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kW comprising37.4% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Cyprus's strategic sourcing from Sweden. 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 Sweden in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023