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Cyprus Trade Summary

2017

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 2017

Overall Exports and Imports for Cyprus 2017

Exports and imports of Cyprus in 2017 are below, along with number of countries and products

  • The total value of exports (FoB) was 3,360 million.
  • The total value of imports (CIF) was 9,308 million.
  • At the HS6 digit level, 1,696 products were exported to 193 countries and 3,835 products were imported from 164 countries.

Cyprus top 5 Export and Import partners 2017

Top five countries to which Cyprus exported in 2017 are below, along with the percent of total exports that went to that country:

  1. Cyprus exports to Libya worth US$ 302 million, with a partner share of 8.98 percent.
  2. Cyprus exports to Bunkers worth US$ 276 million, with a partner share of 8.20 percent.
  3. Cyprus exports to Greece worth US$ 259 million, with a partner share of 7.72 percent.
  4. Cyprus exports to Norway worth US$ 218 million, with a partner share of 6.50 percent.
  5. Cyprus exports to United Kingdom worth US$ 190 million, with a partner share of 5.67 percent.

Top five countries from which Cyprus imported goods in 2017 are below, along with percent of total imports that came from the country :

  1. Cyprus imports from Greece worth US$ 1,758 million, with a partner share of 18.88 percent.
  2. Cyprus imports from Italy worth US$ 687 million, with a partner share of 7.38 percent.
  3. Cyprus imports from China worth US$ 666 million, with a partner share of 7.15 percent.
  4. Cyprus imports from Germany worth US$ 644 million, with a partner share of 6.92 percent.
  5. Cyprus imports from Korea, Rep. worth US$ 639 million, with a partner share of 6.86 percent.

Cyprus Top 5 Productsexports imports at HS 6 digit level 2017

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

  1. Cyprus exported Petroleum oils, etc, (excl. crude); preparation , worth US$ 595,416.48 million.
  2. Cyprus exported Warships, lifeboats, hospital ships and vessels , worth US$ 310,760.75 million.
  3. Cyprus exported Cargo vessels nes and other vessels for the tra , worth US$ 289,775.77 million.
  4. Cyprus exported Other medicaments of mixed or unmixed products, , worth US$ 267,062.97 million.
  5. Cyprus exported Cheese, nes , worth US$ 184,544.84 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$ 1,558,758.74 million.
  2. Cyprus imported Tankers , worth US$ 883,976.11 million.
  3. Cyprus imported Cargo vessels nes and other vessels for the tra , worth US$ 519,876.30 million.
  4. Cyprus imported Motorboats, other than outboard motorboats , worth US$ 288,259.43 million.
  5. Cyprus imported Warships, lifeboats, hospital ships and vessels , worth US$ 258,333.12 million.

Exports and Imports of Product Groups 2017

Exports and imports of products by stages of processing in 2017 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2017

Tariffs imposed by Cyprus in 2017 are below

  • The maximum rate of tariff in percentage on any product was 154.63 percent.
  • The simple average tariff across all products was 2.99 percent.
  • The trade weighted average tariff was 2.34 .
  • The total duty free imports in thousands of US dollars were 1,614,939.91 and duty free tariff line items share was 46.57 percent.

Development Indicators 2017

Key Development Indicators of Cyprus in 2017 are below

  • Cyprus GDP in current US dollar was 22,729 million.
  • GNI per capita, Atlas method (current US$) was 24,710.00 .
  • Cyprus Trade balance: as % of GDP was -0.38.
  • Trade balance in current US$ was -87.00 million.
  • Trade as percentage of GDP was 147.38 .
  • Trade in services as percentage of GDP was 95.59 .

Trade Indicators 2017

Trade Indicators for Cyprus in 2017 are below

  • Hirschman Herfindahl market concentration index was 0.04.
  • Index of export market penetration was 3.37.
  • World Growth in percentage was 5.68 and Cyprus Country Growth was 5.59 .