USA-Cyprus Bilateral Trade Analysis 2023
Complete trade statistics: $299.96M total volume •USA deficit: $1.28M
USA → Cyprus
$149.34M
Exports (2023)
Cyprus → USA
$150.62M
Imports (2023)
Trade Balance
$1.28M
Deficit for USA
Total Trade
$299.96M
Combined Volume
Trade Flow Visualization
Direct trade relationship between USA and Cyprus. Green line shows exports from USA, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the USA-Cyprus commercial relationship and competitive positioning in global markets.
USA → Cyprus Exports
Export Market Intelligence
🎯 Strategic Export Focus
USA's export portfolio to Cyprus demonstrates strategic specialization, with vessels: other, including lifeboats other than rowing boats, other than warships representing a key competitive advantage in this bilateral market.
Cyprus → USA Imports
Import Dependency Profile
📦 Import Strategy Analysis
USA's import pattern from Cyprus reveals strategic sourcingin tankers, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
USA demonstrates competitive strength in exportingvessels: other, including lifeboats other than rowing boats, other than warships to Cyprus, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $299.96M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: USA-Cyprus Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $299.96 millionrepresenting a significant bilateral economic relationship
- Trade Balance: USA maintains a deficit of $1.28 million
- Export Focus: USA's primary exports include vessels: other, including lifeboats other than rowing boats, other than warships, 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, petroleum gases and other gaseous hydrocarbons: liquefied, butanes
- Import Dependencies: Key imports from Cyprus include tankers, dairy produce: cheese (not grated, powdered or processed), n.e.c. in heading no. 0406, electrical resistors: variable, including rheostats and potentiometers (excluding heating)
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 $299.96M 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 USA leveraging its comparative advantages in vessels: other, including lifeboats other than rowing boats, other than warships.
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
USA's specialization in vessels: other, including lifeboats other than rowing boats, other than warshipscomplements Cyprus's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in tankers.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $299.96M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $299.96M 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 $299.96 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in vessels: other, including lifeboats other than rowing boats, other than warships and tankers demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
USA's trade deficit of $1.28 million 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 USA and Cyprus represents a total trade volume of $299.96 million in 2023. This partnership demonstrates an unfavorable trade balance for USA, with imports exceeding exportsby $1.28 million.
Export Strengths
USA's exports to Cyprus total $149.34 million, with competitive advantages in vessels: other, including lifeboats other than rowing boats, other than warships, representing $14.66M or9.8% of bilateral exports.
Import Dependencies
Imports from Cyprus amount to $150.62 million, highlighting economic interdependence in tankers, with Tankers comprising65.4% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates USA's strategic sourcing from Cyprus. 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 USA and Cyprus in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023