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Cyprus Trade Summary

2018

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 2018

Overall Exports and Imports for Cyprus 2018

Exports and imports of Cyprus in 2018 are below, along with number of countries and products

  • The total value of exports (FoB) was 5,065 million.
  • The total value of imports (CIF) was 10,813 million.
  • At the HS6 digit level, 1,672 products were exported to 199 countries and 3,827 products were imported from 164 countries.

Cyprus top 5 Export and Import partners 2018

Top five countries to which Cyprus exported in 2018 are below, along with the percent of total exports that went to that country:

  1. Cyprus exports to Cayman Islands worth US$ 753 million, with a partner share of 14.88 percent.
  2. Cyprus exports to Libya worth US$ 457 million, with a partner share of 9.02 percent.
  3. Cyprus exports to Bunkers worth US$ 378 million, with a partner share of 7.47 percent.
  4. Cyprus exports to Greece worth US$ 333 million, with a partner share of 6.57 percent.
  5. Cyprus exports to Unspecified worth US$ 289 million, with a partner share of 5.71 percent.

Top five countries from which Cyprus imported goods in 2018 are below, along with percent of total imports that came from the country :

  1. Cyprus imports from Greece worth US$ 1,922 million, with a partner share of 17.77 percent.
  2. Cyprus imports from Italy worth US$ 894 million, with a partner share of 8.27 percent.
  3. Cyprus imports from Korea, Rep. worth US$ 756 million, with a partner share of 6.99 percent.
  4. Cyprus imports from United Kingdom worth US$ 712 million, with a partner share of 6.58 percent.
  5. Cyprus imports from Israel worth US$ 610 million, with a partner share of 5.64 percent.

Cyprus Top 5 Productsexports imports at HS 6 digit level 2018

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$ 1,041,377.62 million.
  2. Cyprus exported Motorboats, other than outboard motorboats , worth US$ 754,236.15 million.
  3. Cyprus exported Cargo vessels nes and other vessels for the tra , worth US$ 535,164.37 million.
  4. Cyprus exported Other medicaments of mixed or unmixed products, , worth US$ 291,766.36 million.
  5. Cyprus exported Warships, lifeboats, hospital ships and vessels , worth US$ 280,392.07 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$ 2,122,457.12 million.
  2. Cyprus imported Tankers , worth US$ 926,208.08 million.
  3. Cyprus imported Motorboats, other than outboard motorboats , worth US$ 625,552.88 million.
  4. Cyprus imported Cargo vessels nes and other vessels for the tra , worth US$ 624,357.83 million.
  5. Cyprus imported Other medicaments of mixed or unmixed products, , worth US$ 209,209.38 million.

Exports and Imports of Product Groups 2018

Exports and imports of products by stages of processing in 2018 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2018

Tariffs imposed by Cyprus in 2018 are below

  • The maximum rate of tariff in percentage on any product was 132.92 percent.
  • The simple average tariff across all products was 2.88 percent.
  • The trade weighted average tariff was 1.91 .
  • The total duty free imports in thousands of US dollars were 2,078,875.45 and duty free tariff line items share was 48.57 percent.

Development Indicators 2018

Key Development Indicators of Cyprus in 2018 are below

  • Cyprus GDP in current US dollar was 25,597 million.
  • GNI per capita, Atlas method (current US$) was 27,410.00 .
  • Cyprus Trade balance: as % of GDP was 1.41.
  • Trade balance in current US$ was 360.00 million.
  • Trade as percentage of GDP was 148.53 .
  • Trade in services as percentage of GDP was 93.16 .

Trade Indicators 2018

Trade Indicators for Cyprus in 2018 are below

  • Hirschman Herfindahl market concentration index was 0.04.
  • Index of export market penetration was 3.35.
  • World Growth in percentage was 4.83 and Cyprus Country Growth was 5.60 .