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Cyprus Trade Summary

2023

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 2023

Overall Exports and Imports for Cyprus 2023

Exports and imports of Cyprus in 2023 are below, along with number of countries and products

  • The total value of exports (FoB) was 5,132 million.
  • The total value of imports (CIF) was 14,261 million.
  • At the HS6 digit level, 1,753 products were exported to 196 countries and 3,889 products were imported from 186 countries.

Cyprus top 5 Export and Import partners 2023

Top five countries to which Cyprus exported in 2023 are below, along with the percent of total exports that went to that country:

  1. Cyprus exports to Libya worth US$ 775 million, with a partner share of 15.11 percent.
  2. Cyprus exports to Lebanon worth US$ 481 million, with a partner share of 9.37 percent.
  3. Cyprus exports to Bunkers worth US$ 426 million, with a partner share of 8.30 percent.
  4. Cyprus exports to Bermuda worth US$ 403 million, with a partner share of 7.85 percent.
  5. Cyprus exports to Greece worth US$ 317 million, with a partner share of 6.18 percent.

Top five countries from which Cyprus imported goods in 2023 are below, along with percent of total imports that came from the country :

  1. Cyprus imports from Greece worth US$ 3,135 million, with a partner share of 21.98 percent.
  2. Cyprus imports from United Kingdom worth US$ 1,437 million, with a partner share of 10.07 percent.
  3. Cyprus imports from Italy worth US$ 1,114 million, with a partner share of 7.81 percent.
  4. Cyprus imports from China worth US$ 831 million, with a partner share of 5.82 percent.
  5. Cyprus imports from Germany worth US$ 815 million, with a partner share of 5.71 percent.

Cyprus Top 5 Productsexports imports at HS 6 digit level 2023

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 1,675,563.36 (US$ Thousands).
  2. Cyprus exported Tankers , worth 889,830.82 (US$ Thousands).
  3. Cyprus exported Cargo vessels nes and other vessels for the tra , worth 431,781.22 (US$ Thousands).
  4. Cyprus exported Cheese, nes , worth 344,098.27 (US$ Thousands).
  5. Cyprus exported Other medicaments of mixed or unmixed products, , worth 341,951.31 (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 2,860,986.54 (US$ Thousands).
  2. Cyprus imported Cruise ships, excursion boats etc principally d , worth 1,017,849.36 (US$ Thousands).
  3. Cyprus imported Other medicaments of mixed or unmixed products, , worth 410,214.14 (US$ Thousands).
  4. Cyprus imported Cargo vessels nes and other vessels for the tra , worth 397,030.78 (US$ Thousands).
  5. Cyprus imported Automobiles nes including gas turbine powered , worth 295,423.19 (US$ Thousands).

Exports and Imports of Product Groups 2023

Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2023

Tariffs imposed by Cyprus in 2023 are below

  • The maximum rate of tariff in percentage on any product was 123.68 percent.
  • The simple average tariff across all products was 2.36 percent.
  • The trade weighted average tariff was 1.86 .
  • The total duty free imports in thousands of US dollars were 2,756,491.56 and duty free tariff line items share was 61.03 percent.

Development Indicators 2023

Key Development Indicators of Cyprus in 2023 are below

  • Cyprus GDP in current US dollar was 33,887 million.
  • GNI per capita, Atlas method (current US$) was 32,960.00 .
  • Cyprus Trade balance: as % of GDP was 1.05.
  • Trade balance in current US$ was 355.00 million.
  • Trade as percentage of GDP was 193.27 .
  • Trade in services as percentage of GDP was 141.72 .

Trade Indicators 2023

Trade Indicators for Cyprus in 2023 are below

  • Hirschman Herfindahl market concentration index was 0.06.
  • Index of export market penetration was 3.31.
  • World Growth in percentage was -3.13 and Cyprus Country Growth was -2.05 .