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Exports In 2022, Cyprus exported $22.9M in Cars, making it the 70th largest exporter of Cars in the world. At the same year, Cars was the 29th most exported product in Cyprus. The main destination of Cars exports from Cyprus are: Thailand ($5.6M), United Kingdom ($3.81M), Bulgaria ($3.75M), Germany ($3.15M), and Netherlands ($1.23M).

The fastest growing export markets for Cars of Cyprus between 2021 and 2022 were Bulgaria ($2.55M), United Kingdom ($1.91M), and Netherlands ($1.16M).

Imports In 2022, Cyprus imported $531M in Cars, becoming the 89th 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 ($132M), Germany ($111M), United Kingdom ($94M), Italy ($24.3M), and South Korea ($22.6M).

The fastest growing import markets in Cars for Cyprus between 2021 and 2022 were Japan ($37.2M), Germany ($13.5M), and United Kingdom ($12.9M).

Latest Trends

Oct 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 (2022)$22.9M
IMPORTS (2022)$531M
NET TRADE (2022)-$508M

In 2022, Cyprus exported $22.9M in Cars. The main destinations of Cyprus exports on Cars were Thailand ($5.6M), United Kingdom ($3.81M), Bulgaria ($3.75M), Germany ($3.15M), and Netherlands ($1.23M).

In 2022, Cyprus imported $531M in Cars, mainly from Japan ($132M), Germany ($111M), United Kingdom ($94M), Italy ($24.3M), and South Korea ($22.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Cyprus WERE (2021 - 2022):
Bulgaria$2.55M (213%)
United Kingdom$1.91M (100%)
Netherlands$1.16M (1.62k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Cyprus WERE (2021 - 2022):
Thailand-$6.53M (-53.8%)
Ukraine-$1.85M (-100%)
Hong Kong-$526k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Cyprus's main exporting competitors in Cars were:
In 2022, 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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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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