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Cyprus Trade Summary

2022

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 2022

Overall Exports and Imports for Cyprus 2022

Exports and imports of Cyprus in 2022 are below, along with number of countries and products

  • The total value of exports (FoB) was 4,411 million.
  • The total value of imports (CIF) was 11,889 million.
  • At the HS6 digit level, 1,817 products were exported to 193 countries and 3,870 products were imported from 185 countries.

Cyprus top 5 Export and Import partners 2022

Top five countries to which Cyprus exported in 2022 are below, along with the percent of total exports that went to that country:

  1. Cyprus exports to Bunkers worth US$ 569 million, with a partner share of 12.90 percent.
  2. Cyprus exports to Hong Kong, China worth US$ 472 million, with a partner share of 10.70 percent.
  3. Cyprus exports to Lebanon worth US$ 331 million, with a partner share of 7.51 percent.
  4. Cyprus exports to Greece worth US$ 313 million, with a partner share of 7.09 percent.
  5. Cyprus exports to Liberia worth US$ 255 million, with a partner share of 5.78 percent.

Top five countries from which Cyprus imported goods in 2022 are below, along with percent of total imports that came from the country :

  1. Cyprus imports from Greece worth US$ 2,781 million, with a partner share of 23.39 percent.
  2. Cyprus imports from Italy worth US$ 1,247 million, with a partner share of 10.49 percent.
  3. Cyprus imports from China worth US$ 946 million, with a partner share of 7.96 percent.
  4. Cyprus imports from Israel worth US$ 880 million, with a partner share of 7.40 percent.
  5. Cyprus imports from Germany worth US$ 632 million, with a partner share of 5.32 percent.

Cyprus Top 5 Productsexports imports at HS 6 digit level 2022

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 891,421.62 (US$ Thousands).
  2. Cyprus exported Cargo vessels nes and other vessels for the tra , worth 679,193.36 (US$ Thousands).
  3. Cyprus exported Tankers , worth 629,007.38 (US$ Thousands).
  4. Cyprus exported Other medicaments of mixed or unmixed products, , worth 325,664.37 (US$ Thousands).
  5. Cyprus exported Cheese, nes , worth 300,296.10 (US$ Thousands).

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 2,257,261.74 (US$ Thousands).
  2. Cyprus imported Tankers , worth 492,474.57 (US$ Thousands).
  3. Cyprus imported Cargo vessels nes and other vessels for the tra , worth 424,069.21 (US$ Thousands).
  4. Cyprus imported Warships, lifeboats, hospital ships and vessels , worth 338,223.33 (US$ Thousands).
  5. Cyprus imported Other medicaments of mixed or unmixed products, , worth 333,141.42 (US$ Thousands).

Exports and Imports of Product Groups 2022

Exports and imports of products by stages of processing in 2022 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2022

Tariffs imposed by Cyprus in 2022 are below

  • The maximum rate of tariff in percentage on any product was 126.45 percent.
  • The simple average tariff across all products was 2.24 percent.
  • The trade weighted average tariff was 1.78 .
  • The total duty free imports in thousands of US dollars were 2,045,768.41 and duty free tariff line items share was 64.29 percent.

Development Indicators 2022

Key Development Indicators of Cyprus in 2022 are below

  • Cyprus GDP in current US dollar was 28,439 million.
  • GNI per capita, Atlas method (current US$) was 30,540.00 .
  • Cyprus Trade balance: as % of GDP was -0.38.
  • Trade balance in current US$ was -107.00 million.
  • Trade as percentage of GDP was 183.42 .
  • Trade in services as percentage of GDP was 127.52 .

Trade Indicators 2022

Trade Indicators for Cyprus in 2022 are below

  • Hirschman Herfindahl market concentration index was 0.06.
  • Index of export market penetration was 3.31.
  • World Growth in percentage was 5.18 and Cyprus Country Growth was -0.63 .