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Exports In 2022, Cyprus exported $22.8k in Olive Oil, making it the 55th largest exporter of Olive Oil in the world. At the same year, Olive Oil was the 720th most exported product in Cyprus. The main destination of Olive Oil exports from Cyprus are: United States ($21.1k), United Kingdom ($1.31k), South Korea ($256), and Netherlands ($176).

The fastest growing export markets for Olive Oil of Cyprus between 2021 and 2022 were United States ($21.1k), United Kingdom ($1.31k), and South Korea ($256).

Imports In 2022, Cyprus imported $525k in Olive Oil, becoming the 84th largest importer of Olive Oil in the world. At the same year, Olive Oil was the 727th most imported product in Cyprus. Cyprus imports Olive Oil primarily from: Italy ($432k), Spain ($58.3k), Greece ($34.8k), Netherlands ($59), and Bulgaria ($56).

The fastest growing import markets in Olive Oil for Cyprus between 2021 and 2022 were Italy ($431k), Bulgaria ($56), and Mozambique ($48).

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 Olive Oil. 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)$22.8k
IMPORTS (2022)$525k
NET TRADE (2022)-$502k

In 2022, Cyprus exported $22.8k in Olive Oil. The main destinations of Cyprus exports on Olive Oil were United States ($21.1k), United Kingdom ($1.31k), South Korea ($256), and Netherlands ($176).

In 2022, Cyprus imported $525k in Olive Oil, mainly from Italy ($432k), Spain ($58.3k), Greece ($34.8k), Netherlands ($59), and Bulgaria ($56).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Olive Oil EXPORT MARKETS FOR Cyprus WERE (2021 - 2022):
United States$21.1k (1%)
United Kingdom$1.31k (1%)
South Korea$256 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Olive Oil BY Cyprus WERE (2021 - 2022):Greece-$42.5k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Cyprus's main exporting competitors in Olive Oil were:
Spain $322M
Italy $115M
Greece $69.6M
In 2022, Cyprus's main importing competitors in Olive Oil were:

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Trade Value of Olive Oil by Exporters

Potential Exports

Potential Exports

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

See methodology.

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