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Export Market

Cyprus

ISO: CY / CYP

Country Profile

Capital Nicosia
Population 1.4M
GDP $37.6B (2024)
GDP per Capita $38,674
Income Level High Income
Currency euro (EUR €)
Language Greek
Timezone UTC+02:00
Region Europe · Southern Europe

Trade Partners

Cyprus Exports To

  • Libya 14.0%
  • Greece 11.0%
  • Lebanon 8.0%
  • Bermuda 7.0%
  • Marshall Islands 5.0%

Key exports: ships, refined petroleum, packaged medicine, cheese, scented mixtures (2023)

Cyprus Imports From

  • Greece 20.0%
  • UK 10.0%
  • Italy 7.0%
  • Turkey 6.0%
  • Spain 6.0%

Key imports: refined petroleum, ships, cars, packaged medicine, coal tar oil (2023)

Economic Overview

services-based, high-income EU island economy; heavy tourism; sustained growth between recovery of national banking system and COVID-19 trade restrictions; high living standards; a known financial hub, its stock exchange functions as an investment bridge between EU-and EEU-member countries

Government: Republic of Cyprus - presidential republic; self-declared "Turkish Republic of Northern Cyprus" (TRNC) - parliamentary republic with enhanced presidency

UK Trade Status

FTA in Force

The UK has a free trade agreement with Cyprus, providing preferential market access for UK exporters.

Geographic Region

Europe

Trading Bloc Memberships

Cyprus is a member of the following trade agreements and economic blocs.

EEA European Economic Area Single Market UK Agreement EU European Union Political/Economic Union UK Agreement

Export Guidance

Relevant guidance for exporting to Cyprus.

Start Your Export Journey

Export to the EU after Brexit Start exporting from the UK Manage your export compliance

Also in This Region

🇦🇱 Albania FTA 🇦🇩 Andorra 🇦🇹 Austria FTA 🇧🇪 Belgium FTA 🇧🇦 Bosnia and Herzegovina FTA 🇧🇬 Bulgaria FTA 🇭🇷 Croatia FTA 🇨🇿 Czech Republic FTA

Official Resources

Government export support for Cyprus.

great.gov.uk Market Guide → GOV.UK Country Information →
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