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Cyprus Trade Summary

2016

Cyprus exports, imports, tariff by year.
Cyprus monthly trade data
Cyprus quarterly trade data

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR CYPRUS 2016

Overall Exports and Imports for Cyprus 2016

Exports and imports of Cyprus in 2016 are below, along with number of countries and products

  • The total value of exports (FoB) was 3,001 million.
  • The total value of imports (CIF) was 7,873 million.
  • At the HS6 digit level, 1,707 products were exported to 193 countries and 3,843 products were imported from 161 countries.

Cyprus top 5 Export and Import partners 2016

Top five countries to which Cyprus exported in 2016 are below, along with the percent of total exports that went to that country:

  1. Cyprus exports to United Kingdom worth US$ 357 million, with a partner share of 11.88 percent.
  2. Cyprus exports to Greece worth US$ 304 million, with a partner share of 10.12 percent.
  3. Cyprus exports to Bunkers worth US$ 222 million, with a partner share of 7.38 percent.
  4. Cyprus exports to Sweden worth US$ 208 million, with a partner share of 6.93 percent.
  5. Cyprus exports to Liberia worth US$ 171 million, with a partner share of 5.70 percent.

Top five countries from which Cyprus imported goods in 2016 are below, along with percent of total imports that came from the country :

  1. Cyprus imports from Greece worth US$ 1,411 million, with a partner share of 17.92 percent.
  2. Cyprus imports from Germany worth US$ 1,310 million, with a partner share of 16.64 percent.
  3. Cyprus imports from China worth US$ 605 million, with a partner share of 7.69 percent.
  4. Cyprus imports from Italy worth US$ 447 million, with a partner share of 5.68 percent.
  5. Cyprus imports from United Kingdom worth US$ 431 million, with a partner share of 5.47 percent.

Cyprus Top 5 Productsexports imports at HS 6 digit level 2016

The top five exported HS 6 digit level products to world by Cyprus along with trade value are:

  1. Cyprus exported Tankers , worth US$ 461,733.11 million.
  2. Cyprus exported Petroleum oils, etc, (excl. crude); preparation , worth US$ 385,309.49 million.
  3. Cyprus exported Cargo vessels nes and other vessels for the tra , worth US$ 290,944.00 million.
  4. Cyprus exported Other medicaments of mixed or unmixed products, , worth US$ 237,624.34 million.
  5. Cyprus exported Warships, lifeboats, hospital ships and vessels , worth US$ 186,380.98 million.

The top five imported HS 6 digit level products from world by Cyprus along with trade value are

  1. Cyprus imported Petroleum oils, etc, (excl. crude); preparation , worth US$ 1,130,444.75 million.
  2. Cyprus imported Motorboats, other than outboard motorboats , worth US$ 676,536.25 million.
  3. Cyprus imported Cargo vessels nes and other vessels for the tra , worth US$ 559,226.11 million.
  4. Cyprus imported Tankers , worth US$ 537,343.05 million.
  5. Cyprus imported Other medicaments of mixed or unmixed products, , worth US$ 157,348.53 million.

Exports and Imports of Product Groups 2016

Exports and imports of products by stages of processing in 2016 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2016

Tariffs imposed by Cyprus in 2016 are below

  • The maximum rate of tariff in percentage on any product was 151.81 percent.
  • The simple average tariff across all products was 2.97 percent.
  • The trade weighted average tariff was 2.08 .
  • The total duty free imports in thousands of US dollars were 1,641,278.99 and duty free tariff line items share was 50.22 percent.

Development Indicators 2016

Key Development Indicators of Cyprus in 2016 are below

  • Cyprus GDP in current US dollar was 21,046 million.
  • GNI per capita, Atlas method (current US$) was 24,840.00 .
  • Cyprus Trade balance: as % of GDP was 1.95.
  • Trade balance in current US$ was 410.00 million.
  • Trade as percentage of GDP was 139.02 .
  • Trade in services as percentage of GDP was 89.48 .

Trade Indicators 2016

Trade Indicators for Cyprus in 2016 are below

  • Hirschman Herfindahl market concentration index was 0.04.
  • Index of export market penetration was 3.31.
  • World Growth in percentage was -1.38 and Cyprus Country Growth was -8.60 .