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Exports In 2023, Cyprus exported $20.3M in Cars, making it the 77th largest exporter of Cars in the world. At the same year, Cars was the 27th most exported product in Cyprus. The main destination of Cars exports from Cyprus are: Thailand ($7.22M), Germany ($1.95M), United Kingdom ($1.82M), Bulgaria ($1.8M), and Romania ($1.2M).

The fastest growing export markets for Cars of Cyprus between 2022 and 2023 were Thailand ($1.62M), Romania ($1.2M), and Luxembourg ($567k).

Imports In 2023, Cyprus imported $843M in Cars, becoming the 80th largest importer of Cars in the world. At the same year, Cars was the 3rd most imported product in Cyprus. Cyprus imports Cars primarily from: Japan ($245M), Germany ($159M), United Kingdom ($149M), Slovakia ($42.4M), and Czechia ($39.4M).

The fastest growing import markets in Cars for Cyprus between 2022 and 2023 were Japan ($140M), United Kingdom ($61.1M), and Germany ($59.2M).

Latest Trends

Dec 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 Cars. 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 (2023)$20.3M
IMPORTS (2023)$843M
NET TRADE (2023)-$823M

In 2023, Cyprus exported $20.3M in Cars. The main destinations of Cyprus exports on Cars were Thailand ($7.22M), Germany ($1.95M), United Kingdom ($1.82M), Bulgaria ($1.8M), and Romania ($1.2M).

In 2023, Cyprus imported $843M in Cars, mainly from Japan ($245M), Germany ($159M), United Kingdom ($149M), Slovakia ($42.4M), and Czechia ($39.4M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Cyprus WERE (2022 - 2023):
Thailand$1.62M (28.9%)
Romania$1.2M (1%)
Luxembourg$567k (220%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Cyprus WERE (2022 - 2023):
United Kingdom-$2.17M (-54.4%)
Bulgaria-$1.95M (-51.9%)
Germany-$1.2M (-38.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Cyprus's main exporting competitors in Cars were:
Japan $119B
China $74.5B
In 2023, Cyprus's main importing competitors in Cars were:

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Trade Value of Cars by Exporters

Potential Exports

Potential Exports

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N/A
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Cars’s highest export potential is N/A. With an export gap of N/A.   Cars’s highest import potential is N/A with an import gap of N/A.

See methodology.

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