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Cyprus Trade Summary

2020

Cyprus exports, imports, tariff by year.

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 2020

Overall Exports and Imports for Cyprus 2020

Exports and imports of Cyprus in 2020 are below, along with number of countries and products

  • The total value of exports (FoB) was 3,137 million.
  • The total value of imports (CIF) was 8,729 million.
  • At the HS6 digit level, 1,799 products were exported to 195 countries and 3,820 products were imported from 158 countries.

Cyprus top 5 Export and Import partners 2020

Top five countries to which Cyprus exported in 2020 are below, along with the percent of total exports that went to that country:

  1. Cyprus exports to Greece worth US$ 265 million, with a partner share of 8.44 percent.
  2. Cyprus exports to Liberia worth US$ 233 million, with a partner share of 7.42 percent.
  3. Cyprus exports to United Kingdom worth US$ 204 million, with a partner share of 6.50 percent.
  4. Cyprus exports to Bunkers worth US$ 189 million, with a partner share of 6.01 percent.
  5. Cyprus exports to Libya worth US$ 186 million, with a partner share of 5.92 percent.

Top five countries from which Cyprus imported goods in 2020 are below, along with percent of total imports that came from the country :

  1. Cyprus imports from Greece worth US$ 1,889 million, with a partner share of 21.64 percent.
  2. Cyprus imports from United Kingdom worth US$ 736 million, with a partner share of 8.44 percent.
  3. Cyprus imports from Italy worth US$ 718 million, with a partner share of 8.23 percent.
  4. Cyprus imports from Germany worth US$ 573 million, with a partner share of 6.56 percent.
  5. Cyprus imports from China worth US$ 514 million, with a partner share of 5.89 percent.

Cyprus Top 5 Productsexports imports at HS 6 digit level 2020

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

  1. Cyprus exported Cargo vessels nes and other vessels for the tra , worth US$ 687,190.89 million.
  2. Cyprus exported Petroleum oils, etc, (excl. crude); preparation , worth US$ 467,700.13 million.
  3. Cyprus exported Other medicaments of mixed or unmixed products, , worth US$ 371,120.61 million.
  4. Cyprus exported Cheese, nes , worth US$ 304,390.41 million.
  5. Cyprus exported Warships, lifeboats, hospital ships and vessels , worth US$ 137,004.29 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$ 1,007,274.98 million.
  2. Cyprus imported Motorboats, other than outboard motorboats , worth US$ 657,381.13 million.
  3. Cyprus imported Cargo vessels nes and other vessels for the tra , worth US$ 348,397.19 million.
  4. Cyprus imported Other medicaments of mixed or unmixed products, , worth US$ 294,699.22 million.
  5. Cyprus imported Tankers , worth US$ 216,539.94 million.

Exports and Imports of Product Groups 2020

Exports and imports of products by stages of processing in 2020 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2020

Tariffs imposed by Cyprus in 2020 are below

  • The maximum rate of tariff in percentage on any product was 74.90 percent.
  • The simple average tariff across all products was 2.42 percent.
  • The trade weighted average tariff was 1.91 .
  • The total duty free imports in thousands of US dollars were 1,278,665.94 and duty free tariff line items share was 52.46 percent.

Development Indicators 2020

Key Development Indicators of Cyprus in 2020 are below

  • Cyprus GDP in current US dollar was 25,008 million.
  • GNI per capita, Atlas method (current US$) was 26,610.00 .
  • Cyprus Trade balance: as % of GDP was -1.38.
  • Trade balance in current US$ was -345.00 million.
  • Trade as percentage of GDP was 164.16 .
  • Trade in services as percentage of GDP was 117.95 .

Trade Indicators 2020

Trade Indicators for Cyprus in 2020 are below

  • Hirschman Herfindahl market concentration index was 0.04.
  • Index of export market penetration was 3.47.
  • World Growth in percentage was -3.75 and Cyprus Country Growth was -10.97 .