Cyprus-Türkiye Bilateral Trade Analysis 2023
Complete trade statistics: $2.04B total volume •Cyprus deficit: $1.80B
Cyprus → Türkiye
$120.87M
Exports (2023)
Türkiye → Cyprus
$1.92B
Imports (2023)
Trade Balance
$1.80B
Deficit for Cyprus
Total Trade
$2.04B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Cyprus and Türkiye. Green line shows exports from Cyprus, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Cyprus-Türkiye commercial relationship and competitive positioning in global markets.
Cyprus → Türkiye Exports
Export Market Intelligence
🎯 Strategic Export Focus
Cyprus's export portfolio to Türkiye demonstrates strategic specialization, with fruit, edible: mandarins (including tangerines and satsumas), fresh or dried representing a key competitive advantage in this bilateral market.
Türkiye → Cyprus Imports
Import Dependency Profile
📦 Import Strategy Analysis
Cyprus's import pattern from Türkiye reveals significant dependencyin petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Cyprus demonstrates competitive strength in exportingfruit, edible: mandarins (including tangerines and satsumas), fresh or dried to Türkiye, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $2.04B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Cyprus-Türkiye Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $2.04 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Cyprus maintains a deficit of $1.80 billion
- Export Focus: Cyprus's primary exports include fruit, edible: mandarins (including tangerines and satsumas), fresh or dried, dairy produce: cheese (not grated, powdered or processed), n.e.c. in heading no. 0406, fruit, edible: oranges, fresh or dried
- Import Dependencies: Key imports from Türkiye include petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling, aromatic hydrocarbon mixtures: n.e.c. in heading no. 2707, of which 65% or more by volume (including losses) distils at 250 degrees celsius by the iso 3405 method (equivalent to the astm d 86 method)
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $2.04B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Cyprus leveraging its comparative advantages in fruit, edible: mandarins (including tangerines and satsumas), fresh or dried.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Cyprus's specialization in fruit, edible: mandarins (including tangerines and satsumas), fresh or driedcomplements Türkiye's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $2.04B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $2.04B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $2.04 billion bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in fruit, edible: mandarins (including tangerines and satsumas), fresh or dried and petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Cyprus's trade deficit of $1.80 billion impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Cyprus and Türkiye represents a total trade volume of $2.04 billion in 2023. This partnership demonstrates an unfavorable trade balance for Cyprus, with imports exceeding exportsby $1.80 billion.
Export Strengths
Cyprus's exports to Türkiye total $120.87 million, with competitive advantages in fruit, edible: mandarins (including tangerines and satsumas), fresh or dried, representing $24.19M or20.0% of bilateral exports.
Import Dependencies
Imports from Türkiye amount to $1.92 billion, highlighting economic interdependence in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, with Petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils comprising34.7% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Cyprus's strategic sourcing from Türkiye. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Cyprus and Türkiye in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023