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27 September 2024
Kunal
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Key Indicators
Overview
Cyprus Import Trade Overview
Introduction:
Cyprus, strategically located at the crossroads of Europe, Asia, and Africa, relies heavily on imports to support its service-oriented economy. Key sectors include pharmaceuticals, vehicles, and consumer electronics, vital for meeting the island's needs and sustaining its diverse industries, which present opportunities for global exporters.
Economic Overview:
Cyprus has a high-income economy, primarily driven by services, including tourism, financial services, and real estate. Despite its limited natural resources, imports play a significant role in the economy, fueling sectors from retail to manufacturing. Efforts are ongoing to diversify economic activities, influencing the dynamics of import needs, particularly in energy and technology.
Political and Regulatory Environment:
As a member of the European Union, Cyprus benefits from stable political conditions and a regulatory environment aligned with EU standards, facilitating trade and investment. Recent changes in trade agreements and customs regulations aim to enhance economic ties with non-EU countries, impacting import procedures and opportunities.
Opportunities and Challenges for Exporters:
Opportunities for exporters include high demand in sectors like renewable energy, medical equipment, and luxury goods. Challenges include navigating the competitive EU market and stringent regulatory standards.
Top 10 Import Products:
- Medicaments (HS code: 3004) - Essential for healthcare.
- Passenger cars (HS code: 8703) - Automotive market.
- Mobile phones (HS code: 8517) - Consumer electronics.
- Crude petroleum (HS code: 2709) - Energy sector.
- Computers (HS code: 8471) - Technology infrastructure.
- Electrical machinery (HS code: 8501) - Various applications.
- Furniture (HS code: 9403) - Retail and commercial use.
- Plastics (HS code: 3901) - Manufacturing inputs.
- Clothing (HS code: 6203) - Consumer market.
- Footwear (HS code: 6403) - Retail sector.
Top Buyers:
Z RA LEVAZIM MAK NA GIDA VE PAZARLAMA KOOPAAT F L, ZEK LER TRAD NG LTD G RNE, YUSUF PARAL K CO LTD
Solution for Global Exporters:
For global exporters looking to penetrate or expand within the Cypriot market, leveraging Volza’s online import data is crucial. This platform provides insightful analytics that help in identifying market trends, optimizing product offerings, and navigating the regulatory landscape. Visit Volza to gain access to real-time data and strategic market entry support.
Import Database - Factsheet
Data Source- Detailed Mirror data
- Data Available From
- 01, Jan, 2017
Data Coverage- 40%
Last Shipment- 01, Mar, 2024
Source : Volza Import Data
Cyprus
Import Data
Import Data
6,159,987 Bill of Ladings, 40,967 Buyers & 4,900 Suppliers
Import
vs
Export
Jan-Dec 2023
Shipments
Data Source: VolzaImport Data
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Reach out to the Cyprus Import market Identify verified and active business partners in Cyprus
Cyprus Import Data
Product | Importers | Suppliers | Arrival Date |
|---|---|---|---|
WOOLEN COAT |   India | India | 30-04-2024 |
OTHER FITTINGS ETC SUITABLE FOR FURNITUR | 30-04-2024 | ||
OTHER FITTINGS ETC SUITABLE FOR FURNITUR | 30-04-2024 | ||
OTHER FITTINGS ETC SUITABLE FOR FURNITUR | 30-04-2024 | ||
OTHER FITTINGS ETC SUITABLE FOR FURNITUR | 30-04-2024 | ||
OTHER FITTINGS ETC SUITABLE FOR FURNITUR | 30-04-2024 |
Top 10 Importers
Cyprus Top 10 Importers
Within our Volza database, we possess comprehensive information about over 10 active importers in Cyprus. To assist you in identifying the leading importers in Cyprus, Volza offers an advanced feature that analyzes billions of shipping invoices using more than 20 parameters. Noteworthy among the top 10 importers in Cyprus are companies like SPENOS TRADING LTD, REMEDICA LTD , and ANHANTO LTD. These key players are featured prominently within our extensive database. For a more comprehensive overview, please refer to our table, which outlines the top 10 importers, and explore the additional resources provided below.
Cyprus Top 10 Importers
| Rank | Importers | Shipments |
|---|---|---|
1 | 3,594 | |
2 | 3,192 | |
3 | 2,448 | |
4 | 2,325 | |
5 | 2,036 | |
6 | 1,910 | |
7 | 1,681 | |
8 | 1,580 | |
9 | 1,286 | |
10 | 1,269 |
Data Source : Volza Import Data
Top 10 Import Products
Cyprus Top 10 Import Products
As the Cyprus import data reveals, the nation's top import products for 2024 were prominently characterized by:- Cotton Knitting Yarn: 69.76%
- Baby Pant: 18.01%
- Knitted Pyjama: 4.68%
- Vanity Case: 3.96%
- Wooden Door: 2.53%
- Utensil Set: 0.56%
- Cast Iron Grate: 0.31%
- Frozen Coconut: 0.14%
- Automatic Ice Machine: 0.04%
- Methyl Carbamate: 0.01%
Cyprus Top 10 Import Products
| Rank | Import Products | Shipments |
|---|---|---|
1 | COTTON KNITTING YARN | 12,843,432 |
2 | BABY PANT | 3,315,216 |
3 | Knitted Pyjama | 862,264 |
4 | VANITY CASE | 728,516 |
5 | WOODEN DOOR | 465,124 |
6 | Utensil Set | 103,191 |
7 | Cast Iron Grate | 57,977 |
8 | Frozen Coconut | 25,688 |
9 | Automatic Ice Machine | 6,564 |
10 | Methyl Carbamate | 1,893 |
Data Source : Volza Import Data
Trading Partners
Top Trading Partners of Cyprus
Import Trading Partners
Export Trading Partners
Top 1 Import Trading Partners
Cyprus Top 1 Import Trading Partners
Cyprus trade data from 2024 highlights the nation's top 1 import partners as follows: INDIA (USD 111,301).
The growth rates for the leading three importers were as follows: India at 100.00% .
Trade balance analysis reveals that Cyprus had a trade deficit with both Iran and China. Specifically, the deficit amounted to USD 300 million with Iran and USD 150 million with China in that year. Cyprus import statistics show that the country's top 1 import partners in 2024 collectively contributed 87.2% to the overall value of import shipments. Furthermore, Cyprus’s major imports from India include BABY PANT, COTTON KNITTING YARN, WOODEN DOOR, Utensil Set, Frozen Coconut, VANITY CASE, Knitted Pyjama, Methyl Carbamate, Cast Iron Grate, Automatic Ice Machine, products. The provided chart below breaks down the values in percentile of Cyprus’s top 1 import partners for 2024.
Cyprus Top 1 Import Trading Partners
| Rank | Import Trading Partners | Shipments |
|---|
Data Source : Volza Import Data
Import Data Sample record
Cyprus Import Data Sample record
Cyprus import data covers all important shipping details that are essential for businesses to find importers in Cyprus, analyze market trends and identify potential industries. Cyprus trade data contains customs-based details including Date, Importer Name, HS Code, HS Code Description, Commercial Description, Gross Weight, Net Weight, Total Value USD and Origin Country. View Cyprus import data sample with complete number of fields available in data.
Cyprus Import Data Sample record
Wine of fresh grapes, including fortified wines; grape must other than that of heading 2009
- Date:
- 30 Apr 2024
- HS Code:
- 62012090
- Quantity:
- 1
- Quantity Unit:
- PCS
- Value FC:
- 975
- Value:
- HS Descirption:
- Men's or boys' overcoats, car-coats, cloaks, anoraks (including ski-jackets), wind-cheaters, wind jackets and similar articles other than those of heading 6203
- Exporter:
- VACY FASHIONS
- Importer:
- CHRIS CHRISTODOULOU
Data Source : Volza Import Data
Cyprus Import Fields
S.No | Data Fields |
|---|---|
1 | |
2 | |
3 | |
4 | |
5 | |
6 | |
7 | |
8 | |
9 |
Total 72 Fields
Data Source : Volza Import Data
Top 10 Import Ports
Cyprus Top 10 Import Ports
Cyprus's global import trade operates through over 10 ports. Limassol stands as the predominant port, handling 68,988 import shipments, which constitutes a 62.69% market share. Larnaca follows with an 28.94% share, accounting for 31,843 shipments, while Nicosia contributes a 4.35% market share with its 4,786 shipments. For detailed import trade statistics of each port in Cyprus, refer to the provided links below. Collectively, these ports underscore the integrated nature of Cyprus's trade infrastructure. As the trade data indicates, these crucial import ports facilitate the consistent delivery of essential goods across Cyprus.
Cyprus Top 10 Import Ports
| Rank | Importers | Count |
|---|
Data Source : Volza Import Data
Import Bill of Lading
- Import Shipments of Cyprus
- 6,159,987
- Date
- 30-04-2024
- Shipper Name
- CHRIS CHRISTODOULOU
- Consignee Name
- VACY FASHIONS
- Consignee Address
- N/A N/A
- Weight Unit
- PCS
- Quantity
- 1
- Shipment Origin
- India
- Port of origin
- Delhi Air