United States (USA) and Cyprus (CYP) Trade

2022

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Exports $121MRnk 154 / 219

2022

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About

United States-Cyprus Trade: In 2022, United States exported $121M to Cyprus. The main products that United States exported to Cyprus were Other Sea Vessels ($14.7M), Cars ($8.03M), and Sculptures ($7.52M). Over the past 5 years the exports of United States to Cyprus have increased at an annualized rate of 4.27%, from $98.6M in 2017 to $121M in 2022.

In 2017, United States exported services to Cyprus worth $322M, with Financial services ($80M), Transportation ($71M), and Travel ($48M) being the largest in terms of value.

Cyprus-United States Trade: In 2022, Cyprus exported $90.9M to United States. The main products that Cyprus exported to United States were Electrical Resistors ($54.1M), Cheese ($8.32M), and Salt ($3.92M). Over the past 5 years the exports of Cyprus to United States have increased at an annualized rate of 10.1%, from $56.3M in 2017 to $90.9M in 2022.

In 2020, Cyprus exported services to United States worth $296M, with Transportation ($252M), Financial services ($33.1M), and Government services, n.i.e. ($5.71M) being the largest in terms of value.

Comparison In 2022, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T). That same year, Cyprus ranked 125 in total exports ($4.91B), and does not have data regarding Economic Complexity Index.

Company data: In 2023, leading companies such as Samsung (124), Kubota (122), and YAMAHA CORPORATION OF AMERICA (107) were at the forefront of exporting goods from Cyprus to the United States. Conversely, Kubota Corporation (122), Samsung Electronics Digital Applian (116), and Yamaha Motor Co. Ltd. (104) were notable for importing products to Cyprus from the United States.

Latest Trends

June, 2024

About

Overview In June 2024, United States exported $9.09M and imported $4.71M from Cyprus, resulting in a positive trade balance of $4.38M. Between June 2023 and June 2024 the exports of United States have decreased by $-13.5M (-59.7%) from $22.6M to $9.09M, while imports increased by $1.81M (62.7%) from $2.9M to $4.71M.

Trade In June 2024, the top exports of United States to Cyprus were Machinery Having Individual Functions ($2.78M), Telephones ($2.47M), Excavation Machinery ($2.41M), Gas Turbines ($2.29M), and Prefabricated Buildings ($1.24M). In June 2024 the top imports of United States from Cyprus were Commodities not elsewhere specified ($1.59M), Leather Footwear ($1.18M), Electrical Resistors ($250k), Baked Goods ($196k), and Cheese ($164k).

Origins In June 2024 the exports of United States were mainly from Louisiana ($1.67M), California ($1.33M), New York ($905k), Ohio ($811k), and Texas ($665k), while imports destinations were mainly New Jersey ($912k), Texas ($907k), New York ($585k), Idaho ($577k), and Florida ($479k).

Growth In June 2024, the decrease in United States's year-by-year exports to Cyprus was explained primarily by an decrease in product exports in Prefabricated Buildings ($-595k or -32.4%), Other Nuts ($-571k or -96.8%), and Chemical Analysis Instruments ($-237k or -87.8%). In June 2024, the increase in United States's year-by-year imports from Cyprus was explained primarily by an increase in product imports in Other Plastic Products ($31k or 7.53k%) and Non-fillet Fresh Fish ($26.2k or 132%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (June 2023 - June 2024)$-13.5M(-59.7%)

IMPORT GROWTH (June 2023 - June 2024)$1.81M(62.7%)

MAIN EXPORTER (June 2024)Louisiana$1.67M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Cyprus and United States trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, United States exported $121M to Cyprus. The main products exported from United States to Cyprus were Other Sea Vessels ($14.7M), Cars ($8.03M), and Sculptures ($7.52M). During the last 5 years the exports of United States to Cyprus have increased at an annualized rate of 4.27%, from $98.6M in 2017 to $121M in 2022.

In 2017, Cyprus exported $90.9M to United States. The main products exported from Cyprus to United States were Electrical Resistors ($54.1M), Cheese ($8.32M), and Salt ($3.92M). During the last 5 years the exports of Cyprus to United States have increased at an annualized rate of 10.1%, from $56.3M in 2022 to $90.9M in 2017.

Exports from United States () to Cyprus () (2022)

Exports from Cyprus () to United States () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$308B

Cyprus
Top DestinationHong Kong$482M

This map shows whether countries import more from United States or Cyprus. Each country is colored based on the difference in imports they receive from United States and Cyprus or the difference in the growth in imports.

In 2022, countries that imported more from United States than Cyprus included Canada ($308B), Mexico ($294B), and China ($151B).

In 2022, countries that imported more from Cyprus than United States included Seychelles ($70.8M), Liberia ($255M), and Syria ($1.91M).

Difference in imports from Cyprus () and United States () (2022)

Comparative Advantage United States - Cyprus

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between United States and Cyprus by product, considering products traded by both, United States and Cyprus.

During 2022, United States had a large net trade with Cyprus in the exports of Machines ($31.3M), Transportation ($29M), and Instruments ($10M).

During 2017, Cyprus had a large net trade with United States in the exports of Machines ($58.5M), Animal Products ($9.5M), and Foodstuffs ($5.23M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential United States Cyprus+N/AN/A

Top Product Potential Cyprus United States+N/AN/A

N/A

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Bilateral Service Trade

Cyp Year

Usa Year

In 2017, United States exported services to Cyprus worth $322M, with Financial services ($80M), Transportation ($71M), and Travel ($48M) being the largest in terms of value.

In 2020, Cyprus exported services to United States worth $296M, with Transportation ($252M), Financial services ($33.1M), and Government services, n.i.e. ($5.71M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United States () to Cyprus () (2017)

Services Exports from Cyprus () to United States () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of United States and Cyprus. This means that a dot/product with the flag of United States indicates it has a comparative advantage over Cyprus. Similarly, a dot/product with the flag of Cyprus indicates it has a comparative advantage over United States.

Product Space of United States () and Cyprus () (2022)

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