Foreign trade as a share of GDP rose 3.75% to 170% in Cyprus in 2021, according to the National Statistical Office.
Historically, foreign trade as a share of GDP in Cyprus reached an all time high of 170% in 2021 and an all time low of 92.2% in 1975. When compared to Cyprus's main peers, foreign trade as a share of GDP in Egypt amounted to 31.4%, 89.5% in Greece, 55.0% in Israel and 70.8% in Turkey in 2021.
Cyprus has been ranked 9th within the group of 152 countries we follow in terms of foreign trade as a share of GDP, 36 places above the position seen 10 years ago.
| Foreign Trade (As % of GDP) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
| Albania | % | 71.8% | 74.8% | 78.2% | 76.8% | 76.3% | ||||||||||||||||
| Bulgaria | % | 127% | 123% | 130% | 129% | 125% | ||||||||||||||||
| Cyprus | % | 137% | 139% | 148% | 149% | 152% | ||||||||||||||||
| Egypt | % | 34.8% | 30.2% | 45.1% | 48.3% | 43.2% | ||||||||||||||||
| Greece | % | 65.3% | 64.0% | 71.6% | 80.2% | 81.9% | ||||||||||||||||
| Iran | % | 39.4% | 40.4% | 44.7% | 58.4% | 50.8% | ||||||||||||||||
| Iraq | % | 69.6% | 54.6% | 59.8% | 65.8% | 69.0% | ||||||||||||||||
| Israel | % | 59.2% | 58.0% | 56.6% | 58.9% | 56.3% | ||||||||||||||||
| Jordan | % | 95.6% | 88.9% | 89.7% | 87.6% | 84.8% | ||||||||||||||||
| Lebanon | % | 71.8% | 67.7% | 68.5% | 68.3% | 62.6% | ||||||||||||||||
| Libya | % | 56.9% | 41.1% | 47.5% | 63.8% | 78.2% | ... | |||||||||||||||
| Macedonia | % | 114% | 116% | 124% | 133% | 139% | ||||||||||||||||
| Saudi Arabia | % | 71.1% | 61.9% | 64.2% | 64.2% | 62.8% | ||||||||||||||||
| Sudan | % | 1.50% | 1.46% | 1.46% | 1.30% | 1.22% | ||||||||||||||||
| Syria | % | 51.1% | 67.1% | 61.1% | 50.7% | 42.0% | ... | |||||||||||||||
| Turkey | % | 51.1% | 48.3% | 55.8% | 62.6% | 62.7% |
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