Cyprus is the 115th largest export economy in the world. Cyprus exported $3.59B, making it the 115th largest exporter in the world. Cyprus imported $9.6B, making it the 94th largest importer in the world. Cyprus is regarded as being among biggest importers of agricultural goods from all over world. This is startling because over there farmers have more land than they perhaps need for cultivation.
Imports in Cyprus increased to 731323 EUR Thousand in June from 723683 EUR Thousand in May of 2019. Imports in Cyprus averaged 292906.79 EUR Thousand from 1975 until 2019, reaching an all time high of 1082134 EUR Thousand in May of 2016 and a record low of 13481 EUR Thousand in June of 1975.
Imports in Cyprus is expected to be 682000.00 EUR Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Cyprus to stand at 675000.00 in 12 months time. In the long-term, the Cyprus Imports is projected to trend around 787000.00 EUR Thousand in 2020.
Cyprus is a net importer of fuels, raw materials, heavy machinery and transportation equipment. Cyprus’ largest, and most important, trading partner is the European Union, which accounts for 50% of all Cypriot trade flows. In the European Union, the UK and Greece account for the largest share of trade due to historical connections.
Exports in Cyprus decreased to 227834 EUR Thousand in June from 272538 EUR Thousand in May of 2019. Exports in Cyprus averaged 89331.43 EUR Thousand from 1975 until 2019, reaching an all time high of 882891 EUR Thousand in March of 2018 and a record low of 5946 EUR Thousand in February of 1975.
Exports in Cyprus is expected to be 274000.00 EUR Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Cyprus to stand at 624000.00 in 12 months time. In the long-term, the Cyprus Exports is projected to trend around 262000.00 EUR Thousand in 2020.
Cyprus mostly exports citrus fruits, cement, potatoes, clothing and pharmaceuticals. Cyprus’ largest, and most important, trading partner is the European Union, which accounts for 50% of all Cypriot trade flows, followed by the Middle East, destination for 20% of exports from Cyprus.
