US trade with Cyprus in the 1st quarter of 2017

Published or Updated: Aug 03, 2017

The report on US foreign trade in goods with Cyprus in the 1st quarter of 2017: exports, imports, balance, product types and groups, dynamics.

US Trade with Cyprus

In the 1st quarter of 2017, US trade with Cyprus totaled $41.7 million, up 1.75% ($0.7 million) from the 1st quarter of 2016.

US exports to Cyprus in the 1st quarter of 2017 totaled $22.7 million, up 8.22% ($1.7 million) from the 1st quarter of 2016.

US imports from Cyprus in the 1st quarter of 2017 were $18.9 million, down 5.07% ($1.0 million) from the 1st quarter of 2016.

US trade surplus with Cyprus in the 1st quarter of 2017 was $3.8 million, a 263.04% increase ($2.7 million) over the 1st quarter of 2016.

Cyprus was the US 144th largest trading partner in the 1st quarter of 2017 (down from 140th in the 1st quarter of 2016), accounting for 0.0044% of US total trade (down from 0.0047% in the 1st quarter of 2016).

Cyprus was the US 139th largest export market in the 1st quarter of 2017 (up from 140th in the 1st quarter of 2016), accounting for 0.0061% of US total exports (up from 0.0060% in the 1st quarter of 2016).

Cyprus was the US 125th largest supplier in the 1st quarter of 2017 (down from 122nd in the 1st quarter of 2016), accounting for 0.0033% of US total imports (down from 0.0038% in the 1st quarter of 2016).

US Exports to Cyprus

The major share of US exports to Cyprus in the 1st quarter of 2017 (and in the 1st quarter of 2016) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 49.74% of US total exports to Cyprus (59.48% in the 1st quarter of 2016);
  • Mineral products (HS codes 25-27) - 14.12% of US total exports to Cyprus (6.72% in the 1st quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 12.14% of US total exports to Cyprus (11.18% in the 1st quarter of 2016);
  • Chemical products (HS codes 28-40) - 7.26% of US total exports to Cyprus (5.44% in the 1st quarter of 2016);
  • Wood and wood products (HS codes 44-49) - 4.52% of US total exports to Cyprus (4.23% in the 1st quarter of 2016);
  • Textiles, textile products and footwear (HS codes 50-67) - 1.69% of US total exports to Cyprus (1.16% in the 1st quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 1.22% of US total exports to Cyprus (1.62% in the 1st quarter of 2016).

The largest gains in US exports to Cyprus in the 1st quarter of 2017 over the 1st quarter of 2016 were recorded for the following product groups:

  • Aircraft, spacecraft, and parts thereof (HS code 88) - an increase of $4,131.7 thousand;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $2,203.7 thousand;
  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - an increase of $1,796.5 thousand;
  • Paper and paperboard; articles of paper pulp, of paper or of paperboard (HS code 48) - an increase of $292.5 thousand;
  • Beverages, spirits and vinegar (HS code 22) - an increase of $281.1 thousand;
  • Articles of stone, plaster, cement, asbestos, mica or similar materials (HS code 68) - an increase of $259.3 thousand;
  • Miscellaneous edible preparations (HS code 21) - an increase of $229.5 thousand;
  • Organic chemicals (HS code 29) - an increase of $216.0 thousand;
  • Pharmaceutical products (HS code 30) - an increase of $201.9 thousand;
  • Miscellaneous chemical products (HS code 38) - an increase of $102.5 thousand;
  • Lac; gums, resins and other vegetable saps and extracts (HS code 13) - an increase of $87.0 thousand;
  • Articles of apparel and clothing accessories, not knitted or crocheted (HS code 62) - an increase of $81.8 thousand.

The largest declines in US exports to Cyprus in the 1st quarter of 2017 over the 1st quarter of 2016 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 $7,380.0 thousand;
  • Works of art, collectors’ pieces and antiques (HS code 97) - a decrease of $275.2 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 $214.9 thousand;
  • Edible fruit and nuts; peel of citrus fruit or melons (HS code 08) - a decrease of $169.5 thousand;
  • Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans (HS code 49) - a decrease of $111.9 thousand.
US exports to Cyprus in the 1st quarter of 2017 by product groups
HS
code
Name of product group Value
of exports
in Q1 2017
(USD thousand)
Share
in total export
(%)
Value
of exports
in Q1 2016
(USD thousand)
Change
in Q1 2017
over Q1 2016
(%)
01 Live animals 0.0 0.00 3.5-100.00
03 Fish and crustaceans, molluscs and other aquatic invertebrates 14.3 0.06 51.6-72.29
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 6.0 0.03 2.7121.39
05 Products of animal origin, not elsewhere specified or included 60.5 0.27 45.732.28
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 7.0 0.03 6.410.51
07 Edible vegetables and certain roots and tubers 75.7 0.33 60.325.45
08 Edible fruit and nuts; peel of citrus fruit or melons 1,209.8 5.32 1,379.2-12.29
09 Coffee, tea, maté and spices 16.4 0.07 53.4-69.33
10 Cereals 33.4 0.15 39.6-15.84
11 Products of the milling industry; malt; starches; inulin; wheat gluten 24.9 0.11 53.3-53.16
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 16.9 0.07 14.615.47
13 Lac; gums, resins and other vegetable saps and extracts 87.0 0.38 0.0
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 6.6 0.03 0.0
17 Sugars and sugar confectionery 41.5 0.18 0.0
18 Cocoa and cocoa preparations 0.0 0.00 4.3-100.00
19 Preparations of cereals, flour, starch or milk; bakers’ wares 16.7 0.07 22.7-26.57
20 Preparations of vegetables, fruit, nuts or other parts of plants 15.6 0.07 0.0
21 Miscellaneous edible preparations 441.4 1.94 211.9108.31
22 Beverages, spirits and vinegar 574.3 2.53 293.195.91
23 Residues and waste from the food industries; prepared animal feed 109.4 0.48 105.73.57
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 27.1 0.12 24.311.39
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 3,182.0 14.00 1,385.5129.66
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 12.5 0.05 0.0
29 Organic chemicals 311.1 1.37 95.1227.09
30 Pharmaceutical products 366.4 1.61 164.4122.80
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 42.5 0.19 89.4-52.49
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 351.1 1.55 321.39.27
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 71.8 0.32 79.6-9.81
36 Explosives; pyrotechnic products; matches; pyrophoric alloys; certain combustible preparations 4.6 0.02 0.0
38 Miscellaneous chemical products 344.8 1.52 242.442.28
39 Plastics and articles thereof 93.1 0.41 124.5-25.17
40 Rubber and articles thereof 52.1 0.23 25.6103.59
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 64.8 0.29 55.616.68
44 Wood and articles of wood; wood charcoal 413.9 1.82 408.21.38
45 Cork and articles of cork 2.8 0.01 0.0
47 Pulp of wood or of other fibrous cellulosic material; waste and scrap of paper or paperboard 42.0 0.18 93.7-55.19
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 528.4 2.33 235.9123.99
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 39.1 0.17 151.0-74.10
52 Cotton 0.0 0.00 9.6-100.00
54 Man-made filaments 0.0 0.00 7.6-100.00
55 Man-made staple fibers 13.4 0.06 0.0
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 5.4 0.02 11.3-52.34
57 Carpets and other textile floor coverings 11.5 0.05 38.4-69.90
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 18.4 0.08 0.0
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 28.6 0.13 0.0
61 Articles of apparel and clothing accessories, knitted or crocheted 48.5 0.21 38.924.52
62 Articles of apparel and clothing accessories, not knitted or crocheted 129.1 0.57 47.3173.09
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 16.8 0.07 6.8146.13
64 Footwear, gaiters and the like; parts of such articles 69.9 0.31 67.63.38
65 Headgear and parts thereof 32.3 0.14 8.9263.90
67 Prepared feathers and down and articles made of feathers or of down; artificial flowers; articles of human hair 10.5 0.05 6.268.67
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 403.2 1.77 143.9180.23
69 Ceramic products 8.4 0.04 20.0-57.85
70 Glass and glassware 8.2 0.04 46.7-82.41
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 26.6 0.12 17.254.21
73 Articles of iron or steel 89.6 0.39 103.8-13.67
75 Nickel and articles thereof 0.0 0.00 5.2-100.00
76 Aluminum and articles thereof 10.9 0.05 43.9-75.25
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 147.0 0.65 109.134.72
83 Miscellaneous articles of base metal 28.8 0.13 78.0-63.08
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 3,883.0 17.09 1,679.3131.23
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 990.9 4.36 1,205.8-17.82
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 176.3 0.78 132.632.92
88 Aircraft, spacecraft, and parts thereof 4,264.8 18.77 133.03,105.41
89 Ships, boats and floating structures 44.0 0.19 12.9242.18
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 1,943.4 8.55 9,323.5-79.16
91 Clocks and watches and parts thereof 10.9 0.05 13.1-16.91
92 Musical instruments; parts and accessories of such articles 5.6 0.02 41.2-86.35
93 Arms and ammunition; parts and accessories thereof 15.2 0.07 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 88.9 0.39 102.0-12.87
95 Toys, games and sports requisites; parts and accessories thereof 209.3 0.92 271.4-22.89
96 Miscellaneous manufactured articles 32.2 0.14 3.0969.35
97 Works of art, collectors’ pieces and antiques 61.6 0.27 336.8-81.71

US Imports from Cyprus

The major share of US imports from Cyprus in the 1st quarter of 2017 (and in the 1st quarter of 2016) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 53.03% of US total imports from Cyprus (66.78% in the 1st quarter of 2016);
  • Chemical products (HS codes 28-40) - 11.89% of US total imports from Cyprus (5.36% in the 1st quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 11.40% of US total imports from Cyprus (9.63% in the 1st quarter of 2016);
  • Textiles, textile products and footwear (HS codes 50-67) - 5.60% of US total imports from Cyprus (3.91% in the 1st quarter of 2016);
  • Mineral products (HS codes 25-27) - 1.61% of US total imports from Cyprus (1.55% in the 1st quarter of 2016);
  • Wood and wood products (HS codes 44-49) - 0.03% of US total imports from Cyprus (2.27% in the 1st quarter of 2016).

The largest gains in US imports from Cyprus in the 1st quarter of 2017 over the 1st quarter of 2016 were recorded for the following product groups:

  • Essential oils and resinoids; perfumery, cosmetic or toilet preparations (HS code 33) - an increase of $1,157.7 thousand;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $500.7 thousand;
  • Toys, games and sports requisites; parts and accessories thereof (HS code 95) - an increase of $488.9 thousand;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $403.3 thousand;
  • Beverages, spirits and vinegar (HS code 22) - an increase of $353.7 thousand;
  • Clocks and watches and parts thereof (HS code 91) - an increase of $298.1 thousand;
  • Footwear, gaiters and the like; parts of such articles (HS code 64) - an increase of $252.0 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 $234.6 thousand;
  • Works of art, collectors’ pieces and antiques (HS code 97) - an increase of $222.1 thousand;
  • Articles of stone, plaster, cement, asbestos, mica or similar materials (HS code 68) - an increase of $116.3 thousand;
  • Miscellaneous edible preparations (HS code 21) - an increase of $63.1 thousand;
  • Aluminum and articles thereof (HS code 76) - an increase of $61.8 thousand;
  • Edible fruit and nuts; peel of citrus fruit or melons (HS code 08) - an increase of $60.3 thousand.

The largest declines in US imports from Cyprus in the 1st quarter of 2017 over the 1st quarter of 2016 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) - a decrease of $4,193.8 thousand;
  • Wood and articles of wood; wood charcoal (HS code 44) - a decrease of $324.7 thousand;
  • Paper and paperboard; articles of paper pulp, of paper or of paperboard (HS code 48) - a decrease of $121.0 thousand;
  • Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes (HS code 15) - a decrease of $103.2 thousand;
  • Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - a decrease of $67.0 thousand.
US imports from Cyprus in the 1st quarter of 2017 by product groups
HS
code
Name of product group Value
of imports
in Q1 2017
(USD thousand)
Share
in total import
(%)
Value
of imports
in Q1 2016
(USD thousand)
Change
in Q1 2017
over Q1 2016
(%)
01 Live animals 5.0 0.03 0.0
03 Fish and crustaceans, molluscs and other aquatic invertebrates 338.9 1.79 405.9-16.51
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 1,038.3 5.48 1,014.02.40
08 Edible fruit and nuts; peel of citrus fruit or melons 60.3 0.32 0.0
09 Coffee, tea, maté and spices 18.0 0.09 3.6396.43
13 Lac; gums, resins and other vegetable saps and extracts 19.1 0.10 57.3-66.72
14 Vegetable plaiting materials; vegetable products not elsewhere specified or included 29.9 0.16 62.7-52.29
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 0.0 0.00 103.2-100.00
18 Cocoa and cocoa preparations 3.1 0.02 55.5-94.39
19 Preparations of cereals, flour, starch or milk; bakers’ wares 70.1 0.37 31.9119.50
20 Preparations of vegetables, fruit, nuts or other parts of plants 116.8 0.62 143.7-18.69
21 Miscellaneous edible preparations 74.6 0.39 11.5548.58
22 Beverages, spirits and vinegar 386.0 2.04 32.31,095.48
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 295.7 1.56 308.6-4.21
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 10.2 0.05 0.0
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 0.0 0.00 44.7-100.00
29 Organic chemicals 20.6 0.11 2.8634.83
30 Pharmaceutical products 102.8 0.54 100.52.28
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 48.1 0.25 0.0
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 2,016.5 10.65 858.8134.81
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 0.0 0.00 7.5-100.00
39 Plastics and articles thereof 64.2 0.34 54.318.21
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 30.4 0.16 0.0
44 Wood and articles of wood; wood charcoal 0.0 0.00 324.7-100.00
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 6.5 0.03 127.5-94.93
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 0.9 0.00 0.0
61 Articles of apparel and clothing accessories, knitted or crocheted 42.9 0.23 0.58,755.05
62 Articles of apparel and clothing accessories, not knitted or crocheted 205.8 1.09 214.4-4.01
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 1.1 0.01 6.1-82.30
64 Footwear, gaiters and the like; parts of such articles 809.5 4.27 557.545.21
65 Headgear and parts thereof 0.0 0.00 1.0-100.00
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 116.3 0.61 0.0
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 11.1 0.06 0.0
73 Articles of iron or steel 17.1 0.09 8.2108.03
76 Aluminum and articles thereof 61.8 0.33 0.0
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 12.6 0.07 0.0
83 Miscellaneous articles of base metal 6.5 0.03 6.08.25
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 524.3 2.77 120.9333.49
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 9,007.0 47.55 13,200.9-31.77
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 13.2 0.07 2.7385.29
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 500.7 2.64 0.0
91 Clocks and watches and parts thereof 298.1 1.57 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 250.0 1.32 15.31,529.03
95 Toys, games and sports requisites; parts and accessories thereof 488.9 2.58 0.0
97 Works of art, collectors’ pieces and antiques 741.9 3.92 519.742.74
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce