Trade Trend

In 2023, Cyprus's total export value is 5.00Billion USD, total import value is 13.89Billion USD, Deficit is -8.89Billion USD, and foreign trade dependency is 0.586. In 2023，Cyprus's top export products are Cruise ships, excursion boats, ferryboats, cargo ships, barges and similar vessels for the transport of persons or goods(1.32Billion USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(1.26Billion USD), Medicaments; (not goods of heading no. 3002, 3005 or 3006) consisting of mixed or unmixed products for therapeutic or prophylactic use, put up in measured doses (incl. those in the form of transdermal admin. systems) or packed for retail sale(428.05Million USD), top export destinations are Libya(774.18Million USD), Lebanon(466.83Million USD), Bermuda(402.82Million USD). In 2023, Cyprus's top import products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(2.88Billion USD), Cruise ships, excursion boats, ferryboats, cargo ships, barges and similar vessels for the transport of persons or goods(1.48Billion USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(796.31Million USD), top import origins are Greece(3.07Billion USD), United Kingdom(1.42Billion USD), Italy(1.09Billion USD).

Comparing to 2022, Cyprus's total export value increased 632.26Million USD(14.49%) in 2023, this could result from its export increases of products such as Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(762.62Million USD or 151.91%), Vessels; other, including warships and lifeboats, other than rowing boats(82.75Million USD or 22.58Thousands%), Cheese and curd(39.96Million USD or 13.06%) and export increases to countries/economics such as Libya(644.24Million USD or 495.78%), Bermuda(402.80Million USD or 2.50Million%), Lebanon(147.65Million USD or 46.26%). Comparing to 2022, Cyprus's total import value increased 1.68Billion USD(13.78%) in 2023, this could result from its import increases of products such as Cruise ships, excursion boats, ferryboats, cargo ships, barges and similar vessels for the transport of persons or goods(549.85Million USD or 59.41%), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(496.59Million USD or 20.83%), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(316.66Million USD or 66.02%), and its import increases from countries/economies such as United Kingdom(1.06Billion USD or 299.20%), None(350.47Million USD or 142.41%), Spain(277.10Million USD or 65.53%).

Cumulated to first 7 months of 2024, Cyprus's total export value is 1.27Billion USD, total import value is 4.28Billion USD, and tradedeficit is -3.01Billion USD. Cumulated to first 7 months of 2024, Cyprus's top export products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(234.20Million USD), Medicaments; (not goods of heading no. 3002, 3005 or 3006) consisting of mixed or unmixed products for therapeutic or prophylactic use, put up in measured doses (incl. those in the form of transdermal admin. systems) or packed for retail sale(127.95Million USD), Cheese and curd(116.20Million USD), and top export destinations are Libya(153.70Million USD), None(115.69Million USD), Greece(82.94Million USD). Cumulated to first 7 months of 2024, Cyprus's top import products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(234.20Million USD), Medicaments; (not goods of heading no. 3002, 3005 or 3006) consisting of mixed or unmixed products for therapeutic or prophylactic use, put up in measured doses (incl. those in the form of transdermal admin. systems) or packed for retail sale(127.95Million USD), Cheese and curd(116.20Million USD), and top import origins areGreece(741.59Million USD), None(695.83Million USD), China(392.56Million USD).