Cyprus: Merchandise exports by the reporting economy, residual (% of total merchandise exports)

Key figures

What the numbers say

In 2023, Cyprus' merchandise exports by the reporting economy, residual (% of total merchandise exports) rose 0.01 percentage points on 2022 (from 0.0015% to 0.00693%).

Across the 30 yearly changes before that (1993 to 2022), the average change was −0 percentage points and a typical year strayed about 0.04 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 0.29 percentage points in 1988 and the biggest yearly fall was 0.3 percentage points in 1973. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2014 to 2023 there is no clear straight-line trend: a straight line explains 13% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2023, Cyprus had the 51st highest value of the 205 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Cyprus in the 2023 ranking

• Myanmar — 47th of 205: 0.00772%
• Malta — 48th of 205: 0.00763%
• Kenya — 49th of 205: 0.00729%
• Bulgaria — 51st of 205: 0.00686%
• Senegal — 52nd of 205: 0.00685%
• Sri Lanka — 53rd of 205: 0.00645%

What this measures

Merchandise exports by the reporting economy residuals are the total merchandise exports by the reporting economy to the rest of the world as reported in the IMF's Direction of trade database, less the sum of exports by the reporting economy to high-, low-, and middle-income economies according to the World Bank classification of economies. Includes trade with unspecified partners or with economies not covered by World Bank classification. Data are as a percentage of total merchandise exports by the economy.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 64 values

Merchandise exports by the reporting economy, residual (% of total merchandise exports) in nearby economies

• Albania — 0.00277% (2023)
• Armenia — 0.0000000000000112% (2023)
• Austria — 0.00253% (2023)
• Azerbaijan — 0.0000000000000113% (2023)
• Belarus — 0.00264% (2023)
• Belgium — 0.00814% (2023)
• Bosnia and Herzegovina — 0% (2023)
• Bulgaria

More private sector & trade data for Cyprus

• Merchandise imports (current US$) — US$15.29 billion (2025)
• Merchandise exports (current US$) — US$6.19 billion (2025)
• Merchandise imports from economies in the Arab World (% of total merchandise imports) — 3.36% (2023)
• Merchandise imports from high-income economies (% of total merchandise imports) — 84.72% (2023)
• Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) — 12.06% (2023)
• Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports) — 0.82% (2023)
• Merchandise imports from low- and middle-income economies in Middle East & North Africa (% of total merchandise imports)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Cyprus's merchandise exports by the reporting economy, residual (% of total merchandise exports)?

0.00693% in 2023, according to the World Bank (World Development Indicators).

How has it changed since 1960?

It is up 0.00693 percentage points from 0% in 1960. The highest value was 0.44% in 1972 and the lowest -0.000000000000114% in 1994.

How does Cyprus rank?

51st highest of 205 economies with data for 2023.

Is the latest change in merchandise exports by the reporting economy, residual (% of total merchandise exports) unusual for Cyprus?

In 2023, Cyprus' merchandise exports by the reporting economy, residual (% of total merchandise exports) rose 0.01 percentage points on 2022 (from 0.0015% to 0.00693%). Across the 30 yearly changes before that (1993 to 2022), the average change was −0 percentage points and a typical year strayed about 0.04 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator TX.VAL.MRCH.RS.ZS, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); Direction of Trade database, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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