Cyprus

Compare Cyprus →

CY · CYP · BACI 196 · latest data 2024

Exports

$5.5B USD, nominal · 2024

= $5,463 M16.3% over 5 yrs (up)

Imports

$14.2B USD, nominal · 2024

= $14,155 M21.6% over 5 yrs (up)

Trade balancedeficit

−$8.7B USD, nominal · 2024

= −$8,692 M

Total trade

$19.6B USD, nominal · 2024

= $19,618 M20.1% over 5 yrs (up)

World position: #122 of 225 exporters · bottom half · #101 of 225 importers · top half · 2024
World export share since 1995: −0.0 pp

Trade timeline

Cyprus's exports grew from $1.6B in 1995 to $5.5B in 2024; the 2024 balance was −$8.7B.

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Exports, imports, trade balance and total trade of Cyprus per year, USD millions.
Year	Exports ($M)	Imports ($M)	Balance ($M)	Total ($M)
1995	$1,586 M	$4,692 M	−$3,107 M	$6,278 M
1996	$1,945 M	$4,890 M	−$2,944 M	$6,835 M
1997	$1,449 M	$4,782 M	−$3,333 M	$6,230 M
1998	$1,454 M	$5,906 M	−$4,452 M	$7,361 M
1999	$1,410 M	$4,966 M	−$3,556 M	$6,375 M
2000	$1,323 M	$5,857 M	−$4,533 M	$7,180 M
2001	$1,382 M	$5,873 M	−$4,491 M	$7,256 M
2002	$1,266 M	$6,674 M	−$5,408 M	$7,939 M
2003	$1,501 M	$9,415 M	−$7,914 M	$10,916 M
2004	$1,973 M	$12,572 M	−$10,599 M	$14,545 M
2005	$2,402 M	$14,249 M	−$11,847 M	$16,651 M
2006	$4,693 M	$14,781 M	−$10,088 M	$19,475 M
2007	$3,958 M	$17,535 M	−$13,577 M	$21,493 M
2008	$3,975 M	$17,982 M	−$14,007 M	$21,958 M
2009	$2,931 M	$12,893 M	−$9,963 M	$15,824 M
2010	$3,830 M	$12,976 M	−$9,145 M	$16,806 M
2011	$5,421 M	$14,156 M	−$8,735 M	$19,578 M
2012	$5,981 M	$11,864 M	−$5,883 M	$17,845 M
2013	$5,868 M	$10,816 M	−$4,948 M	$16,683 M
2014	$5,516 M	$11,243 M	−$5,727 M	$16,760 M
2015	$5,175 M	$8,852 M	−$3,677 M	$14,026 M
2016	$4,316 M	$9,113 M	−$4,796 M	$13,429 M
2017	$4,655 M	$11,170 M	−$6,515 M	$15,826 M
2018	$5,886 M	$13,162 M	−$7,276 M	$19,049 M
2019	$4,699 M	$11,641 M	−$6,942 M	$16,341 M
2020	$4,344 M	$10,532 M	−$6,188 M	$14,876 M
2021	$4,974 M	$11,783 M	−$6,808 M	$16,757 M
2022	$5,258 M	$13,771 M	−$8,513 M	$19,030 M
2023	$5,701 M	$15,272 M	−$9,571 M	$20,972 M
2024	$5,463 M	$14,155 M	−$8,692 M	$19,618 M

30 rows

World share & rank

World export share moved from 0.0% in 1995 to 0.0% in 2024; export rank #95 → #122.

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World export and import share in percent, and world ranks, of Cyprus per year.
Year	Export share (%)	Import share (%)	Export rank	Import rank
1995	0.03%	0.09%	#95	#67
1996	0.04%	0.09%	#93	#66
1997	0.03%	0.09%	#106	#73
1998	0.03%	0.11%	#103	#69
1999	0.02%	0.09%	#105	#72
2000	0.02%	0.09%	#114	#70
2001	0.02%	0.09%	#114	#76
2002	0.02%	0.10%	#118	#75
2003	0.02%	0.12%	#118	#66
2004	0.02%	0.14%	#120	#68
2005	0.02%	0.14%	#117	#66
2006	0.04%	0.12%	#98	#70
2007	0.03%	0.13%	#113	#71
2008	0.02%	0.11%	#115	#77
2009	0.02%	0.10%	#114	#80
2010	0.03%	0.09%	#114	#86
2011	0.03%	0.08%	#115	#90
2012	0.03%	0.07%	#109	#97
2013	0.03%	0.06%	#114	#102
2014	0.03%	0.06%	#116	#102
2015	0.03%	0.06%	#113	#110
2016	0.03%	0.06%	#117	#104
2017	0.03%	0.06%	#119	#94
2018	0.03%	0.07%	#114	#93
2019	0.03%	0.06%	#123	#98
2020	0.03%	0.06%	#120	#94
2021	0.02%	0.06%	#124	#103
2022	0.02%	0.06%	#125	#104
2023	0.03%	0.07%	#125	#99
2024	0.02%	0.06%	#122	#101

30 rows

Trading partners

Greece was Cyprus's top trading partner in 2024, at 19.1% of total trade; the top five partners covered 42.4%.

Year

Top partner share: 19.1%
Top-5 share: 42.4%
Partners: 202
Partner HHI (0–1): 0.063

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Libya $851M

Greece $612M

Israel $408M

Lebanon $387M

United Kingdom $343M

Germany $149M

Egypt $137M

Italy $130M

Netherlands $125M

France $111M

Türkiye $102M

United States $83M

Spain $43M

China $35M

Japan $3M

View partner table

Top partners of Cyprus in 2024, USD millions.
Rank	Partner	Exports to ($M)	Imports from ($M)	Total ($M)	Balance ($M)
#1	Greece	$612 M	$3,131 M	$3,743 M	−$2,518 M
#2	China	$35 M	$1,202 M	$1,237 M	−$1,167 M
#3	Türkiye	$102 M	$1,066 M	$1,167 M	−$964 M
#4	Italy	$130 M	$1,031 M	$1,161 M	−$901 M
#5	Israel	$408 M	$609 M	$1,017 M	−$202 M
#6	Libya	$851 M	$100 M	$952 M	$751 M
#7	Germany	$149 M	$792 M	$941 M	−$642 M
#8	United Kingdom	$343 M	$411 M	$754 M	−$67 M
#9	Spain	$43 M	$710 M	$753 M	−$667 M
#10	Netherlands	$125 M	$592 M	$717 M	−$467 M
#11	Lebanon	$387 M	$67 M	$453 M	$320 M
#12	France	$111 M	$302 M	$413 M	−$190 M
#13	United States	$83 M	$270 M	$353 M	−$187 M
#14	Japan	$3 M	$311 M	$314 M	−$308 M
#15	Egypt	$137 M	$169 M	$305 M	−$32 M

15 rows

Products & sectors

Product composition of Cyprus's trade in 2024.

Year

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Concentration & risk

Cyprus's export partners held steady over 1995–2024 — HHI 0.062 → 0.059, a diversified export base across 191 partners in 2024.

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Export and import partner HHI (0–1) and partner counts of Cyprus per year.
Year	Export HHI	Import HHI	Export partners	Import partners
1995	0.062	0.057	150	139
1996	0.079	0.058	152	139
1997	0.079	0.062	156	144
1998	0.068	0.048	164	151
1999	0.069	0.050	166	148
2000	0.065	0.056	179	162
2001	0.065	0.052	178	166
2002	0.061	0.057	174	166
2003	0.059	0.142	174	162
2004	0.062	0.143	176	167
2005	0.075	0.151	180	168
2006	0.272	0.122	176	163
2007	0.082	0.106	187	162
2008	0.086	0.050	175	156
2009	0.114	0.058	181	159
2010	0.070	0.056	183	154
2011	0.060	0.058	188	159
2012	0.083	0.054	183	159
2013	0.077	0.059	185	152
2014	0.041	0.060	192	158
2015	0.032	0.060	193	153
2016	0.042	0.068	195	160
2017	0.035	0.056	195	165
2018	0.043	0.053	199	165
2019	0.037	0.058	196	168
2020	0.034	0.066	195	159
2021	0.038	0.074	198	180
2022	0.043	0.074	194	182
2023	0.055	0.074	196	182
2024	0.059	0.080	191	184

30 rows

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