Cyprus (CYP)
Annual exports and imports in 2024 (USD).
Source: UN Comtrade. Warehouse 1: partner = World totals by HS4 and year.
Cyprus - trade dependency by partner, 2024 (USD)
| Rank | Partner | Export dependency | Import dependency | Total dependency |
|---|---|---|---|---|
| 1 | Greece (GRC) | 7.8% $349.55M | 23.6% $3.17B | 19.6% $3.52B |
| 2 | Italy (ITA) | 0.9% $42.10M | 7.6% $1.02B | 5.9% $1.07B |
| 3 | China (CHN) | 0.0% $0 | 7.8% $1.05B | 5.8% $1.05B |
| 4 | Libya (LBY) | 18.9% $851.49M | 0.7% $100.23M | 5.3% $951.72M |
| 5 | Germany (DEU) | 2.2% $101.13M | 5.7% $765.70M | 4.8% $866.83M |
| 6 | Israel (ISR) | 2.6% $118.47M | 4.5% $606.23M | 4.0% $724.70M |
| 7 | Spain (ESP) | 0.0% $0 | 4.9% $663.09M | 3.7% $663.09M |
| 8 | Netherlands (NLD) | 1.4% $64.88M | 4.2% $569.80M | 3.5% $634.69M |
| 9 | United Kingdom (GBR) | 4.9% $221.32M | 3.0% $403.23M | 3.5% $624.55M |
| 10 | France (FRA) | 1.9% $83.47M | 2.1% $285.06M | 2.1% $368.53M |
- In 2024, Cyprus's total trade amounted to $17.9B, with exports of $4.5B and imports of $13.4B.
- The country held a global rank of 92 for total trade, with exports ranking 98th and imports 86th.
- The trade balance for Cyprus in 2024 was negative, at -$8.9B.
- Top export partners were Libya ($851.5M), Greece ($349.5M), and Lebanon ($342.5M).
- The leading export category was Mineral fuels (HS2 27), accounting for $1.7B or 38.4% of total exports.
- Greece was the largest source of imports at $3.2B (23.6% share), followed by China with $1.0B.
Exports Profile
In 2024, Cyprus's exports were valued at $4.5B. The most significant export product was Mineral fuels and oils, which accounted for $1.7B, representing 38.4% of the country's total exports. Following this were Ships, boats and floating structures with an export value of $710.7M (15.8%) and Pharmaceutical products at $470.9M (10.5%). The primary export destination for Cypriot goods was Libya, which received $851.5M in goods, or 18.9% of total exports. Other major export partners included Greece and the United Kingdom.
Imports Profile
Cyprus's imports totaled $13.4B in 2024. The leading import category was also Mineral fuels and oils, with an import value of $3.0B, constituting 22.4% of all imports. Other substantial imports included Vehicles at $1.0B (7.7%) and Electrical machinery and equipment at $742.3M (5.5%). The main supplier of goods to Cyprus was Greece, from which it imported $3.2B, or 23.6% of its total. China and Italy were also significant sources of imports, providing $1.0B and $1.0B worth of goods, respectively.
Exports
Cyprus - exports over time (Exports), 2015-2024 (USD)
Top export categories
Largest HS2 categories by export value in the selected year.
Cyprus - export composition by product categories (Exports), 2024 (USD)
Cyprus - export composition by 4-digit product groups (Exports), 2024 (USD)
Imports
Cyprus - imports over time (Imports), 2015-2024 (USD)
Top import categories
Largest HS2 categories by import value in the selected year.