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Cyprus import Statistics

Cyprus Import Data

The Republic of Cyprus is another name for Cyprus. It is an island nation that is both in Asia and Europe, situated in the Eastern Mediterranean Sea. The nation borders several other nations, including Egypt, Greece, Israel, Lebanon, and Turkey. The world's oldest water wells are found in Cyprus. In terms of complexity, the nation is ranked 50th in the globe. On the other hand, the nation ranked 110th in terms of GDP. In terms of imports, the nation ranked 55th in 2023. The Cyprus import data provides an invaluable source of information for businesses, policymakers, and analysts alike. With a growing emphasis on the global market, understanding the trends and patterns in import data is paramount for strategic decision-making. According to the Cyprus trade statistics, Cyprus is ranked as the 97th biggest importer in the world. 

According to the Cyprus import data, the country imported $14 billion worth of goods in 2023. Cyprus saw an 18% rise in goods imports in comparison to the previous year. Based on Cyprus shipment data for 2023, mineral fuels and oils are the biggest imports of Cyprus, and Greece is its biggest import partner. The total GDP of Cyprus is $32.23 billion with a GDP import share of 90.27%. Cyprus is a part of trading blocs such as the EU and WTO. We will now delve into the significance of Cyprus import data, particularly in the context of 2023 with insights into Cyprus statistical data. 

Cyprus Import Data | Cyprus Statistical Data

97

The country has been ranked 97th in global imports, showing a significant position in the international trade landscape and import market.

0.09%

With a mere 0.09% share in global import trade, it becomes evident that its presence in the international import market is fairly on the rise.

GREECE

Greece holds a significant role as the largest import partner of the country in terms of goods imports and import share.

MINERAL FUELS AND OILS

Mineral fuels and oils are the biggest import commodities of the country, playing a vital role in its economy.

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Top 10 Imports of Cyprus: Cyprus Import Data by HS Code

By analyzing Cyprus import data, businesses can identify emerging market trends that offer significant growth potential. For instance, if there is a sudden increase in imports of renewable energy products, it may indicate a growing demand for clean energy solutions. The top 10 imports of Cyprus in 2023 according to Cyprus import data and Cyprus trade data are:

  • Mineral fuels and oils (HS code 27): 22.43% ($3.14 billion)
  • Ships, boats, and floating structures (HS code 89): 13.58% ($1.90 billion)
  • Vehicles (HS code 87): 8.04% ($1.12 billion)
  • Nuclear reactors and machinery (HS code 84): 5.61% ($785.69 million) 
  • Electrical machinery and equipment (HS code 85): 5% ($699.37 million)
  • Pharmaceutical products (HS code 30): 3.47% ($485.46 million)
  • Plastics and articles thereof (HS code 39): 2.1% ($294.49 million)
  • Iron and steel (HS code 72): 1.85% ($258.71 million)
  • Beverages, spirits, and vinegar (HS code 22): 1.72% ($240.34 million)
  • Furniture, bedding, and mattresses (HS code 94): 1.61% ($224.84 million)
    • Partners

    Top 10 Import Partners of Cyprus: Cyprus Import Data by Country

    Cyprus import data also reveals geographic and sectoral opportunities that businesses can capitalize on. The top 10 import partners of Cyprus play a vital role in the country's economic growth as per Cyprus trade activities. Cyprus's top 10 import partners in 2023 according to Cyprus statistical data and Cyprus shipment data include:

    Value In Percentage(%)

  • Greece: 21.9% (3.06 billion US$)
  • United Kingdom: 10.3% (1.43 billion US$)
  • Italy: 7.7% (1.08 billion US$)
  • China: 5.9% (830.01 million US$)
  • Germany: 5.3% (748.24 million US$)
  • Spain: 5% (699.84 million US$)
  • Israel: 4.8% (677.96 million US$)
  • Netherlands: 4.6% (637.41 million US$)
  • Japan: 3.5% (492.63 million US$)
  • Belgium: 2.3% (328.09 million US$)
    • Sample Data

    What is Cyprus Statistical Data for imports?

    We obtain trustworthy data from organizations, shipping businesses, and customs ports. This Trade Data contains a wide range of fields, such as HS codes, product descriptions, prices, quantities, origin country, destination country, and port names together with currency values. For traders and marketers, this trade data is crucial information that helps them to make informed decisions. From the HS codes and product descriptions to the quantity and cost of each product, everything can be obtained through this trade data. We have included a sample of this trade data for your convenience and greater understanding so that you can see what the trade data looks like as a whole, with complete details.

    Cyprus import data which comes under the statistical database, refers to the detailed records of goods and commodities imported into the country. This valuable dataset encompasses information on the type, quantity, value, origin, and destination of imported goods. It serves as a comprehensive repository of trade transactions, enabling businesses to gain critical insights into the dynamics of the import market. Cyprus import data plays a vital role in identifying lucrative market opportunities for businesses. By analyzing the data, companies can determine which products are in demand and align their strategies accordingly. Furthermore, the import data allows businesses to identify and study their competitors, enabling them to gain a competitive edge. According to Cyprus statistical data, the country imported $14 billion worth of goods in 2023. The information we give you on Cyprus trade and import data is extremely helpful and educational. All of the information in our database is derived from recently updated shipping bills, invoices, and other crucial transaction documents. You will undoubtedly find our database and information to be very helpful in identifying the ideal market for gauging possible gains and market risks.  We obtain trustworthy data from organizations, shipping businesses, government authorities, and customs ports. For traders and marketers, this statistical trade data is crucial information that helps them make informed decisions. Everything can be obtained through this shipment data from the HS codes and product descriptions to the quantity and cost of each product. We have included a sample of the trade data for your convenience and greater understanding so that you can see what the trade data looks like as a whole, with complete details. So, as you can see, in this statistical report, we also include the number of goods needed to be imported/exported, HS codes, the product description, quantity, and price of each product from the country's shipment data. In this comprehensive statistical database, we ensure that every detail is meticulously recorded, which makes this trade data efficient for businesses worldwide. 

    Cyprus Import Data
    ID 12532 Month Jul-24
    FLOW Import STAT REGIME Normal
    HS CODE 01051119 PRODUCT DESCRIPTION Grandparent and parent female chicks fowls of the species Gallus domesticus of a weight of <= 185 g (excl. laying stocks)
    IMPORT COUNTRY Cyprus ORIGIN COUNTRY Belgium and Luxembourg
    TRADE TYPE Intra-EU Trade SUP QUANTITY 16520
    SUPP UNIT NUMBER OF ITEMS NET WEIGHT 806
    US CIF 112949 VALUE IN EUROS 104177
    Benefits

    Benefits of Cyprus Import Data

  • Expand your firm into the Cyprus import Market.
  • View Cyprus's most recent product demand and price projections.
  • Get exclusive import market trends in Cyprus.
  • Give your marketing plan an approach based on data.
  • Create a powerful brand identity in Cyprus.
  • Create more ROI and future business goals.

    • Frequently Asked Questions!!

    Cyprus import data refers to the information and statistics on the goods and services that are brought into Cyprus from other countries.

    Import data is important for Cyprus as it helps to track the flow of goods and services into the country, monitor trade patterns, and make informed decisions for economic and trade policies.

    Cyprus import data or Cyprus trade statistics for 2023 can be found on the TradeImeX website and government websites, trade portals, and through data providers that specialize in collecting and analyzing trade data.

    Based on Cyprus trade records, Cyprus import data includes all types of goods and services that are brought into the country, such as raw materials, consumer goods, machinery, and technology.

    Cyprus import data is collected through customs declarations, trade documents, and other official records from government agencies and trade organizations.

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