2022
Exports
$523MWorld Rnk 105 / 216
Flag Rnk 2 / 96
2022
PRODUCT COMPLEXITY IN Mineral fuels, mineral oils and products of their distillation
0.48Rnk 371 / 1025
2022
Imports
$3.59BWorld Rnk 86 / 225
Flag Rnk 1 / 96

About

Exports In 2022, Cyprus exported $523M in Mineral fuels, mineral oils and products of their distillation, making it the 105th largest exporter of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 2nd most exported product in Cyprus. The main destination of Mineral fuels, mineral oils and products of their distillation exports from Cyprus are: Lebanon ($301M), Nigeria ($51.5M), Togo ($44M), Yemen ($38.2M), and Gibraltar ($32.9M).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation of Cyprus between 2021 and 2022 were Nigeria ($51.5M), Togo ($44M), and Yemen ($38.2M).

Imports In 2022, Cyprus imported $3.59B in Mineral fuels, mineral oils and products of their distillation, becoming the 86th largest importer of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 1st most imported product in Cyprus. Cyprus imports Mineral fuels, mineral oils and products of their distillation primarily from: Greece ($772M), Israel ($723M), Turkey ($721M), Italy ($420M), and Kazakhstan ($182M).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation for Cyprus between 2021 and 2022 were Israel ($323M), Turkey ($311M), and Italy ($262M).

COMPANIES In 2023, leading companies such as Sumitomo Rubber (4) were at the forefront of shipping Mineral fuels, mineral oils and products of their distillation from Cyprus to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Mineral fuels, mineral oils and products of their distillation. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$523M
IMPORTS (2022)$3.59B
NET TRADE (2022)-$3.07B

In 2022, Cyprus exported $523M in Mineral fuels, mineral oils and products of their distillation. The main destinations of Cyprus exports on Mineral fuels, mineral oils and products of their distillation were Lebanon ($301M), Nigeria ($51.5M), Togo ($44M), Yemen ($38.2M), and Gibraltar ($32.9M).

In 2022, Cyprus imported $3.59B in Mineral fuels, mineral oils and products of their distillation, mainly from Greece ($772M), Israel ($723M), Turkey ($721M), Italy ($420M), and Kazakhstan ($182M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Mineral fuels, mineral oils and products of their distillation EXPORT MARKETS FOR Cyprus WERE (2021 - 2022):
Nigeria$51.5M (1%)
Togo$44M (1%)
Yemen$38.2M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral fuels, mineral oils and products of their distillation BY Cyprus WERE (2021 - 2022):
Kenya-$65.1M (-99.9%)
Libya-$63.6M (-78.8%)
Bulgaria-$39.8M (-99.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Cyprus's main exporting competitors in Mineral fuels, mineral oils and products of their distillation were:
In 2022, Cyprus's main importing competitors in Mineral fuels, mineral oils and products of their distillation were:

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Trade Value of Mineral fuels, mineral oils and products of their distillation by Exporters

Potential Exports

Potential Exports

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N/A
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N/AN/A

Mineral fuels, mineral oils and products of their distillation’s highest export potential is N/A. With an export gap of N/A.   Mineral fuels, mineral oils and products of their distillation’s highest import potential is N/A with an import gap of N/A.

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