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Cyprus is the 121st largest export economy in the world. In 2016, Cyprus exported $6.8B and imported $21.8B, resulting in a negative trade balance of $15B.

The top exports of Cyprus are Refined Petroleum ($415M), Packaged Medicaments ($383M), Cheese ($170M), Broadcasting Equipment ($129M) and Passenger and Cargo Ships ($96.6M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Refined Petroleum ($1.22B), Passenger and Cargo Ships ($1.2B), Recreational Boats ($627M), Unspecified ($438M) and Cars ($423M).

The top export destinations of Cyprus are Greece ($239M), the United Kingdom ($146M), Libya ($144M), Israel ($114M) and the United States ($53.6M). The top import origins are Greece ($1.68B), South Korea ($783M), Germany ($744M), Italy ($550M) and China ($461M).

Cyprus is an island and borders Egypt, Israel, Lebanon, Syria, Turkey and Greece by sea.

Economic Complexity of Cyprus

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