2023
Exports
$1.43BWorld Rnk 90 / 219
Flag Rnk 2 / 96
2023
PRODUCT COMPLEXITY IN Mineral fuels, mineral oils and products of their distillation
0.38Rnk 423 / 1025
2023
Imports
$3.04BWorld Rnk 84 / 226
Flag Rnk 1 / 96

About

Exports In 2023, Cyprus exported $1.43B in Mineral fuels, mineral oils and products of their distillation, making it the 90th 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: Libya ($646M), Lebanon ($406M), Nigeria ($154M), Greece ($91.8M), and Italy ($38.9M).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation of Cyprus between 2022 and 2023 were Libya ($629M), Lebanon ($111M), and Nigeria ($98.8M).

Imports In 2023, Cyprus imported $3.04B in Mineral fuels, mineral oils and products of their distillation, becoming the 84th 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 ($811M), Israel ($586M), Spain ($548M), Brazil ($219M), and Turkey ($197M).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation for Cyprus between 2022 and 2023 were Spain ($465M), Greece ($133M), and Brazil ($130M).

Latest Trends

Jan 2025

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 (2023)$1.43B
IMPORTS (2023)$3.04B
NET TRADE (2023)-$1.61B

In 2023, Cyprus exported $1.43B 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 Libya ($646M), Lebanon ($406M), Nigeria ($154M), Greece ($91.8M), and Italy ($38.9M).

In 2023, Cyprus imported $3.04B in Mineral fuels, mineral oils and products of their distillation, mainly from Greece ($811M), Israel ($586M), Spain ($548M), Brazil ($219M), and Turkey ($197M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Mineral fuels, mineral oils and products of their distillation EXPORT MARKETS FOR Cyprus WERE (2022 - 2023):
Libya$629M (3.68k%)
Lebanon$111M (37.4%)
Nigeria$98.8M (180%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral fuels, mineral oils and products of their distillation BY Cyprus WERE (2022 - 2023):
Togo-$44M (-100%)
Yemen-$38.2M (-100%)
Singapore-$34.1M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Cyprus's main exporting competitors in Mineral fuels, mineral oils and products of their distillation were:
In 2023, 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
N/AN/A
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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