Top Export Trading Partners of Cyprus - Volza

Cyprus's primary export trading partners are essential for its economic activity. In 2023, top partners included Greece (20% of exports, $500 million), the United Kingdom (15%, $375 million), Germany (12%, $300 million), Italy (10%, $250 million), and Israel (8%, $200 million).

Key exports to these countries are pharmaceuticals, dairy products, machinery, and beverages. Trade agreements such as the European Union Customs Union and bilateral agreements with Israel facilitate smoother trade flows.

Cyprus's GDP growth rate stands at 3.0%, with an inflation rate of 2.5%, impacting its export dynamics and trade policies. Strategic incentives, including government support for the pharmaceutical and technology sectors, and logistical advantages, such as its strategic location in the Mediterranean, promote a robust trade relationship, making Cyprus a crucial export market for these partners. The country's focus on high-quality goods and export diversification significantly influences its export landscape.