US trade (export - import) with Cyprus in 2014

Published or Updated: Feb 08, 2017

The report on US foreign trade in goods with Cyprus in 2014: exports, imports, balance, product types and groups, dynamics.

US Trade with Cyprus

In 2014, US trade with Cyprus totaled $217.3 million, up 15.48% ($29.1 million) from 2013.

US exports to Cyprus in 2014 totaled $151.7 million, up 5.89% ($8.4 million) from 2013.

US imports from Cyprus in 2014 totaled $65.6 million, up 46.05% ($20.7 million) from 2013.

US trade surplus with Cyprus in 2014 was $86.1 million, a 12.46% decrease ($12.2 million) over 2013.

Cyprus was the US 143rd largest trading partner in 2014 (up from 147th in 2013), accounting for 0.0054% of US total trade (up from 0.0048% in 2013).

Cyprus was the US 136th largest export market in 2014 (up from 140th in 2013), accounting for 0.0094% of US total exports (up from 0.0091% in 2013).

Cyprus was the US 137th largest supplier in 2014 (up from 140th in 2013), accounting for 0.0027% of US total imports (up from 0.0019% in 2013).

US Exports to Cyprus

The major share of US exports to Cyprus in 2014 (and in 2013) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 60.76% of US total exports to Cyprus (62.80% in 2013);
  • Metals and products from them (HS codes 72-83) - 10.57% of US total exports to Cyprus (4.29% in 2013);
  • Food products and agricultural raw materials (HS codes 01-24) - 7.22% of US total exports to Cyprus (6.95% in 2013);
  • Chemical products (HS codes 28-40) - 4.96% of US total exports to Cyprus (5.17% in 2013);
  • Wood and wood products (HS codes 44-49) - 4.44% of US total exports to Cyprus (2.16% in 2013);
  • Mineral products (HS codes 25-27) - 4.00% of US total exports to Cyprus (10.85% in 2013).

The largest gains in US exports to Cyprus in 2014 over 2013 were recorded for the following product groups:

  • Aircraft, spacecraft, and parts thereof (HS code 88) - an increase of $27,144.7 thousand;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $9,473.9 thousand;
  • Articles of iron or steel (HS code 73) - an increase of $7,651.4 thousand;
  • Ships, boats and floating structures (HS code 89) - an increase of $3,745.8 thousand;
  • Pulp of wood or of other fibrous cellulosic material; waste and scrap of paper or paperboard (HS code 47) - an increase of $3,489.1 thousand;
  • Iron and steel (HS code 72) - an increase of $1,153.2 thousand;
  • Commodities not specified according to kind (HS code 99) - an increase of $656.8 thousand;
  • Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings (HS code 94) - an increase of $634.6 thousand;
  • Beverages, spirits and vinegar (HS code 22) - an increase of $531.7 thousand;
  • Plastics and articles thereof (HS code 39) - an increase of $530.7 thousand;
  • Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics (HS code 32) - an increase of $517.1 thousand;
  • Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal (HS code 82) - an increase of $475.6 thousand.

The largest declines in US exports to Cyprus in 2014 over 2013 were recorded for the following product groups:

  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $22,717.8 thousand;
  • Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles (HS code 85) - a decrease of $15,594.7 thousand;
  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - a decrease of $9,539.8 thousand.
US exports to Cyprus in 2014 by product groups
HS
code
Name of product group Value
of exports
in 2014
(USD thousand)
Share
in total export
(%)
Value
of exports
in 2013
(USD thousand)
Change
in 2014
over 2013
(%)
01 Live animals 14.1 0.01 2.5455.91
02 Meat and edible meat offal 202.2 0.13 175.815.05
03 Fish and crustaceans, molluscs and other aquatic invertebrates 263.5 0.17 160.164.63
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 2.8 0.00 82.9-96.68
05 Products of animal origin, not elsewhere specified or included 323.3 0.21 227.741.99
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 59.9 0.04 326.7-81.66
07 Edible vegetables and certain roots and tubers 51.9 0.03 51.90.05
08 Edible fruit and nuts; peel of citrus fruit or melons 5,457.0 3.60 5,194.25.06
09 Coffee, tea, maté and spices 63.1 0.04 10.9479.52
10 Cereals 222.3 0.15 272.0-18.26
11 Products of the milling industry; malt; starches; inulin; wheat gluten 25.5 0.02 11.4123.33
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 177.0 0.12 186.8-5.25
13 Lac; gums, resins and other vegetable saps and extracts 40.8 0.03 24.069.79
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 430.2 0.28 136.3215.73
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 0.0 0.00 33.8-100.00
17 Sugars and sugar confectionery 7.5 0.00 27.6-72.88
19 Preparations of cereals, flour, starch or milk; bakers’ wares 312.4 0.21 362.0-13.71
20 Preparations of vegetables, fruit, nuts or other parts of plants 151.5 0.10 224.0-32.39
21 Miscellaneous edible preparations 1,269.9 0.84 1,179.77.64
22 Beverages, spirits and vinegar 1,558.9 1.03 1,027.251.77
23 Residues and waste from the food industries; prepared animal feed 242.6 0.16 194.324.86
24 Tobacco and manufactured tobacco substitutes 72.9 0.05 44.762.97
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 120.5 0.08 67.578.39
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 5,938.9 3.92 15,478.7-61.63
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 130.2 0.09 27.3377.17
29 Organic chemicals 310.6 0.20 296.74.68
30 Pharmaceutical products 1,453.2 0.96 1,709.8-15.01
31 Fertilizers 199.7 0.13 360.5-44.60
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 810.6 0.53 293.5176.16
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 2,218.0 1.46 2,088.96.18
34 Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial waxes, prepared waxes, polishing or scouring preparations, candles and similar articles, modeling pastes, "dental waxes" and dental preparations with a basis of plaster 172.3 0.11 319.6-46.10
35 Albuminoidal substances; modified starches; glues; enzymes 33.5 0.02 113.5-70.46
36 Explosives; pyrotechnic products; matches; pyrophoric alloys; certain combustible preparations 0.0 0.00 19.2-100.00
38 Miscellaneous chemical products 747.1 0.49 1,133.7-34.10
39 Plastics and articles thereof 1,207.1 0.80 676.478.46
40 Rubber and articles thereof 238.5 0.16 361.0-33.94
41 Raw hides and skins (other than furskins) and leather 4.7 0.00 0.0
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 219.7 0.14 109.3100.93
44 Wood and articles of wood; wood charcoal 942.0 0.62 747.426.04
47 Pulp of wood or of other fibrous cellulosic material; waste and scrap of paper or paperboard 4,057.5 2.68 568.3613.92
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 1,541.4 1.02 1,590.2-3.07
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 186.3 0.12 184.80.78
52 Cotton 0.0 0.00 53.8-100.00
53 Other vegetable textile fibers; paper yarn and woven fabric of paper yarn 0.0 0.00 22.0-100.00
54 Man-made filaments 18.5 0.01 20.8-11.30
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 12.1 0.01 70.3-82.82
57 Carpets and other textile floor coverings 24.9 0.02 61.4-59.49
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 0.0 0.00 35.7-100.00
60 Knitted or crocheted fabrics 9.6 0.01 16.7-42.66
61 Articles of apparel and clothing accessories, knitted or crocheted 130.8 0.09 199.4-34.40
62 Articles of apparel and clothing accessories, not knitted or crocheted 309.3 0.20 313.7-1.43
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 65.8 0.04 99.3-33.67
64 Footwear, gaiters and the like; parts of such articles 90.2 0.06 215.6-58.14
65 Headgear and parts thereof 27.7 0.02 3.4711.19
66 Umbrellas, sun umbrellas, walking sticks, seatsticks, whips, riding-crops and parts thereof 4.5 0.00 0.0
67 Prepared feathers and down and articles made of feathers or of down; artificial flowers; articles of human hair 14.5 0.01 8.473.37
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 798.8 0.53 668.819.44
69 Ceramic products 13.8 0.01 4.4215.52
70 Glass and glassware 170.9 0.11 57.7196.29
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 231.7 0.15 142.462.66
72 Iron and steel 1,465.5 0.97 312.3369.23
73 Articles of iron or steel 12,729.1 8.39 5,077.7150.69
74 Copper and articles thereof 442.3 0.29 6.56,739.65
75 Nickel and articles thereof 2.8 0.00 11.6-75.90
76 Aluminum and articles thereof 289.4 0.19 63.8353.47
79 Zinc and articles thereof 0.0 0.00 4.7-100.00
80 Tin and articles thereof 0.0 0.00 9.0-100.00
81 Other base metals; cermets; articles thereof 0.0 0.00 4.9-100.00
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 1,010.4 0.67 534.788.94
83 Miscellaneous articles of base metal 97.3 0.06 114.3-14.88
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 34,458.2 22.72 24,984.337.92
85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 10,391.1 6.85 25,985.8-60.01
86 Railway or tramway locomotives, rolling-stock and parts thereof; railway or tramway track fixtures and fittings and parts thereof; mechanical (including electro-mechanical) traffic signalling equipment of all kinds 219.0 0.14 0.0
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 1,649.6 1.09 1,711.2-3.60
88 Aircraft, spacecraft, and parts thereof 28,236.1 18.62 1,091.42,487.13
89 Ships, boats and floating structures 4,636.6 3.06 890.8420.49
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 12,562.7 8.28 35,280.5-64.39
91 Clocks and watches and parts thereof 8.1 0.01 47.6-83.05
92 Musical instruments; parts and accessories of such articles 108.9 0.07 108.80.07
93 Arms and ammunition; parts and accessories thereof 2.8 0.00 10.3-72.82
94 Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings 1,860.8 1.23 1,226.251.76
95 Toys, games and sports requisites; parts and accessories thereof 1,087.6 0.72 1,168.3-6.90
96 Miscellaneous manufactured articles 451.5 0.30 527.0-14.33
97 Works of art, collectors’ pieces and antiques 145.3 0.10 211.1-31.15
99 Commodities not specified according to kind 6,401.1 4.22 5,744.311.43

US Imports from Cyprus

The major share of US imports from Cyprus in 2014 (and in 2013) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 51.03% of US total imports from Cyprus (45.45% in 2013);
  • Food products and agricultural raw materials (HS codes 01-24) - 15.65% of US total imports from Cyprus (16.22% in 2013);
  • Mineral products (HS codes 25-27) - 3.64% of US total imports from Cyprus (3.47% in 2013);
  • Chemical products (HS codes 28-40) - 3.63% of US total imports from Cyprus (0.77% in 2013);
  • Textiles, textile products and footwear (HS codes 50-67) - 1.24% of US total imports from Cyprus (1.86% in 2013).

The largest gains in US imports from Cyprus in 2014 over 2013 were recorded for the following product groups:

  • Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles (HS code 85) - an increase of $11,366.4 thousand;
  • Commodities not specified according to kind (HS code 99) - an increase of $2,482.1 thousand;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $2,271.1 thousand;
  • Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included (HS code 04) - an increase of $1,908.5 thousand;
  • Fertilizers (HS code 31) - an increase of $1,173.8 thousand;
  • Beverages, spirits and vinegar (HS code 22) - an increase of $792.5 thousand;
  • Salt; sulfur; earths and stone; plastering materials, lime and cement (HS code 25) - an increase of $770.3 thousand;
  • Essential oils and resinoids; perfumery, cosmetic or toilet preparations (HS code 33) - an increase of $734.7 thousand;
  • Toys, games and sports requisites; parts and accessories thereof (HS code 95) - an increase of $261.4 thousand;
  • Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - an increase of $234.7 thousand.

The largest declines in US imports from Cyprus in 2014 over the 2013 were recorded for the following product groups:

  • Works of art, collectors’ pieces and antiques (HS code 97) - a decrease of $935.5 thousand;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $407.4 thousand.
US imports from Cyprus in 2014 by product groups
HS
code
Name of product group Value
of imports
in 2014
(USD thousand)
Share
in total import
(%)
Value
of imports
in 2013
USD thousand)
Change
in 2014
over 2013
(%)
03 Fish and crustaceans, molluscs and other aquatic invertebrates 2,544.8 3.88 2,310.110.16
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 5,372.5 8.19 3,464.055.09
08 Edible fruit and nuts; peel of citrus fruit or melons 16.7 0.03 0.0
09 Coffee, tea, maté and spices 59.1 0.09 112.0-47.28
10 Cereals 0.0 0.00 2.9-100.00
13 Lac; gums, resins and other vegetable saps and extracts 3.0 0.00 0.0
14 Vegetable plaiting materials; vegetable products not elsewhere specified or included 111.2 0.17 84.032.34
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 227.6 0.35 111.0105.02
19 Preparations of cereals, flour, starch or milk; bakers’ wares 18.4 0.03 162.7-88.71
20 Preparations of vegetables, fruit, nuts or other parts of plants 380.4 0.58 270.940.39
21 Miscellaneous edible preparations 309.9 0.47 337.6-8.23
22 Beverages, spirits and vinegar 1,221.0 1.86 428.5184.93
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 2,322.5 3.54 1,552.249.63
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 66.0 0.10 6.2957.99
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 64.8 0.10 0.0
29 Organic chemicals 74.0 0.11 35.9106.32
30 Pharmaceutical products 24.9 0.04 93.5-73.32
31 Fertilizers 1,173.8 1.79 0.0
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 6.6 0.01 48.6-86.50
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 734.7 1.12 0.0
34 Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial waxes, prepared waxes, polishing or scouring preparations, candles and similar articles, modeling pastes, "dental waxes" and dental preparations with a basis of plaster 192.7 0.29 70.2174.47
37 Photographic or cinematographic goods 0.0 0.00 7.1-100.00
38 Miscellaneous chemical products 0.0 0.00 12.0-100.00
39 Plastics and articles thereof 93.2 0.14 78.119.29
40 Rubber and articles thereof 15.1 0.02 0.0
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 56.9 0.09 11.7388.02
43 Furskins and artificial fur; manufactures thereof 0.3 0.00 0.0
44 Wood and articles of wood; wood charcoal 46.1 0.07 0.0
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 37.0 0.06 11.7216.22
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 0.0 0.00 65.8-100.00
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 4.6 0.01 22.9-79.75
61 Articles of apparel and clothing accessories, knitted or crocheted 3.0 0.00 13.7-77.98
62 Articles of apparel and clothing accessories, not knitted or crocheted 746.5 1.14 787.6-5.22
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 1.0 0.00 9.5-89.23
64 Footwear, gaiters and the like; parts of such articles 57.5 0.09 1.05,654.20
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 77.3 0.12 64.419.98
69 Ceramic products 0.0 0.00 83.7-100.00
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 4.3 0.01 28.3-85.01
73 Articles of iron or steel 92.1 0.14 46.597.83
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 135.2 0.21 10.41,205.46
83 Miscellaneous articles of base metal 0.0 0.00 5.1-100.00
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 4,043.3 6.16 1,772.2128.16
85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 29,227.8 44.56 17,861.463.64
86 Railway or tramway locomotives, rolling-stock and parts thereof; railway or tramway track fixtures and fittings and parts thereof; mechanical (including electro-mechanical) traffic signalling equipment of all kinds 24.4 0.04 0.0
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 25.3 0.04 203.4-87.58
88 Aircraft, spacecraft, and parts thereof 0.0 0.00 15.5-100.00
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 149.4 0.23 556.7-73.17
91 Clocks and watches and parts thereof 0.0 0.00 39.2-100.00
93 Arms and ammunition; parts and accessories thereof 57.8 0.09 0.0
94 Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings 121.3 0.18 265.9-54.37
95 Toys, games and sports requisites; parts and accessories thereof 516.6 0.79 255.2102.42
96 Miscellaneous manufactured articles 0.0 0.00 5.2-100.00
97 Works of art, collectors’ pieces and antiques 465.0 0.71 1,400.4-66.80
99 Commodities not specified according to kind 14,664.8 22.36 12,182.820.37
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce