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Cyprus Trade Summary

2021

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 2021

Overall Exports and Imports for Cyprus 2021

Exports and imports of Cyprus in 2021 are below, along with number of countries and products

  • The total value of exports (FoB) was 3,990 million.
  • The total value of imports (CIF) was 10,231 million.
  • At the HS6 digit level, 1,881 products were exported to 198 countries and 3,893 products were imported from 184 countries.

Cyprus top 5 Export and Import partners 2021

Top five countries to which Cyprus exported in 2021 are below, along with the percent of total exports that went to that country:

  1. Cyprus exports to Lebanon worth US$ 338 million, with a partner share of 8.46 percent.
  2. Cyprus exports to Greece worth US$ 308 million, with a partner share of 7.71 percent.
  3. Cyprus exports to Marshall Islands worth US$ 297 million, with a partner share of 7.45 percent.
  4. Cyprus exports to Bunkers worth US$ 261 million, with a partner share of 6.54 percent.
  5. Cyprus exports to United Kingdom worth US$ 250 million, with a partner share of 6.27 percent.

Top five countries from which Cyprus imported goods in 2021 are below, along with percent of total imports that came from the country :

  1. Cyprus imports from Greece worth US$ 2,456 million, with a partner share of 24.00 percent.
  2. Cyprus imports from Italy worth US$ 1,045 million, with a partner share of 10.22 percent.
  3. Cyprus imports from Germany worth US$ 637 million, with a partner share of 6.23 percent.
  4. Cyprus imports from Netherlands worth US$ 527 million, with a partner share of 5.15 percent.
  5. Cyprus imports from China worth US$ 510 million, with a partner share of 4.98 percent.

Cyprus Top 5 Productsexports imports at HS 6 digit level 2021

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$ 817,651.10 million.
  2. Cyprus exported Petroleum oils, etc, (excl. crude); preparation , worth US$ 700,177.84 million.
  3. Cyprus exported Other medicaments of mixed or unmixed products, , worth US$ 356,971.40 million.
  4. Cyprus exported Cheese, nes , worth US$ 311,024.61 million.
  5. Cyprus exported Motorboats, other than outboard motorboats , worth US$ 294,970.48 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$ 1,481,521.53 million.
  2. Cyprus imported Tankers , worth US$ 383,967.09 million.
  3. Cyprus imported Cargo vessels nes and other vessels for the tra , worth US$ 324,482.64 million.
  4. Cyprus imported Other medicaments of mixed or unmixed products, , worth US$ 308,949.13 million.
  5. Cyprus imported Other oils and oil products, nes , worth US$ 263,335.40 million.

Exports and Imports of Product Groups 2021

Exports and imports of products by stages of processing in 2021 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2021

Tariffs imposed by Cyprus in 2021 are below

  • The maximum rate of tariff in percentage on any product was 181.14 percent.
  • The simple average tariff across all products was 2.44 percent.
  • The trade weighted average tariff was 2.01 .
  • The total duty free imports in thousands of US dollars were 1,458,572.06 and duty free tariff line items share was 58.89 percent.

Development Indicators 2021

Key Development Indicators of Cyprus in 2021 are below

  • Cyprus GDP in current US dollar was 28,408 million.
  • GNI per capita, Atlas method (current US$) was 28,470.00 .
  • Cyprus Trade balance: as % of GDP was 2.92.
  • Trade balance in current US$ was 830.00 million.
  • Trade as percentage of GDP was 170.31 .
  • Trade in services as percentage of GDP was 122.26 .

Trade Indicators 2021

Trade Indicators for Cyprus in 2021 are below

  • Hirschman Herfindahl market concentration index was 0.08.
  • Index of export market penetration was 3.55.
  • World Growth in percentage was 12.59 and Cyprus Country Growth was 14.09 .