[1] Primary trade source
OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.
Country intelligence · CYP · 2024
Cyprus trade profile
In 2024, Cyprus recorded $4.8B in merchandise exports and $15.2B in imports, producing a $10.4B trade deficit. Exports changed -5.0% from the previous year, while imports changed -2.6%.[1]
Exports
$4.8B
-5.0%
Imports
$15.2B
-2.6%
Trade balance
-$10.4B
deficit
Active partners
270
108 FTA-linked
Historical evidence
Ten-year trade movement
The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports
Exact annual values
Leading export sectors
HS2 chapters rank broad product groups by observed export value in 2024.
1$1.4B
HS 27 · Mineral fuels and oils
41 active HS6 lines · 111 export partners
2$713.4M
HS 89 · HS chapter
17 active HS6 lines · 62 export partners
3$537.1M
HS 30 · Pharmaceutical products
41 active HS6 lines · 155 export partners
4$401.3M
HS 04 · HS chapter
32 active HS6 lines · 79 export partners
5$283.6M
HS 85 · Electrical machinery
259 active HS6 lines · 136 export partners
6$166.3M
HS 84 · Machinery
499 active HS6 lines · 144 export partners
7$78.9M
HS 21 · HS chapter
16 active HS6 lines · 73 export partners
8$65.4M
HS 25 · HS chapter
64 active HS6 lines · 62 export partners
Leading export markets
Destinations rank bilateral export flows from Cyprus; growth describes each corridor rather than the whole economy.
1$594.7M
Greece
Annual change -1.8% · 3-year CAGR 8.5%
2$592.1M
Libya
Annual change +7.6% · 3-year CAGR 18.3%
3$370.1M
Israel
Annual change +139.6% · 3-year CAGR 14.0%
4$350.9M
Lebanon
Annual change -22.6% · 3-year CAGR 1.8%
5$314.0M
United Kingdom
Annual change +27.9% · 3-year CAGR 12.8%
6$150.1M
Italy
Annual change +6.8% · 3-year CAGR 14.0%
7$133.5M
Singapore
Annual change +236.6% · 3-year CAGR 58.5%
8$131.0M
Germany
Annual change +7.4% · 3-year CAGR -9.3%
Sources, definitions and limitations
Calculation notes
USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.