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2023
Exports $21.9MWorld Rnk 83 / 150
Flag Rnk 23 / 1156
2023
Destination $21.9M Netherlands
2022 - 2023
FASTEST GROWING MARKET $21.9MNetherlands
2023
PRODUCT COMPLEXITY IN Crude Petroleum-2.37Rnk 1015 / 1025
2023
Imports $147MWorld Rnk 69 / 159
Flag Rnk 10 / 1204
2023
Origin $142M Brazil
2022 - 2023
FASTEST GROWING ORIGIN $142MBrazil

About

Exports In 2023, Cyprus exported $21.9M in Crude Petroleum, making it the 83rd largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 23rd most exported product in Cyprus. The main destination of Crude Petroleum exports from Cyprus are: Netherlands ($21.9M).

The fastest growing export markets for Crude Petroleum of Cyprus between 2022 and 2023 were Netherlands ($21.9M).

Imports In 2023, Cyprus imported $147M in Crude Petroleum, becoming the 69th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 10th most imported product in Cyprus. Cyprus imports Crude Petroleum primarily from: Brazil ($142M), Tunisia ($5.35M), United Kingdom ($2.2k), and Netherlands ($1.5k).

The fastest growing import markets in Crude Petroleum for Cyprus between 2022 and 2023 were Brazil ($142M), Tunisia ($5.35M), and Netherlands ($1.19k).

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 Crude Petroleum. 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)$21.9M
IMPORTS (2023)$147M
NET TRADE (2023)-$125M

In 2023, Cyprus exported $21.9M in Crude Petroleum. The main destinations of Cyprus exports on Crude Petroleum were Netherlands ($21.9M).

In 2023, Cyprus imported $147M in Crude Petroleum, mainly from Brazil ($142M), Tunisia ($5.35M), United Kingdom ($2.2k), and Netherlands ($1.5k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Cyprus WERE (2022 - 2023):Netherlands$21.9M (13.7M%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Cyprus WERE (2022 - 2023):Latvia-$760 (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Cyprus's main exporting competitors in Crude Petroleum were:
Saudi Arabia $181B
United States $125B
Russia $122B
In 2023, Cyprus's main importing competitors in Crude Petroleum were:
China $319B
United States $170B
India $140B

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
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N/A
N/AN/A
N/AN/A

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

See methodology.

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