What is the value of US trade with Cyprus?
Updated annually
$2.43 billion in imports and $2.01 billion in exports in 2024. That means that the US imported $415 million more from Cyprus than we exported to it. Benefits of trade can include higher wages and job growth, a wider variety of products available at lower prices, increased productivity, and more efficient resource allocation.
$2.43B
Value of imports from Cyprus to the US (2024)
$2.01B
Value of exports from the US to Cyprus (2024)
Exports are goods and services the US sells to other countries. Imports are goods and services the US buys from other countries. Combining the value of imports and exports shows us how much trade happens between the US and other countries.
The Bureau of Economic Analysis (BEA) provides data for 71 of the US' trading partners (though not necessarily the top 71 trading partners). The partners they track accounted for 94.3% of total trade with the US in 2024.
BEA data ranks Cyprus as the US’ 63rd top trading partner: In 2024, the US traded $4.44 billion in goods and services with Cyprus. Countries with similar trade values include Lithuania ($4.83B) and Bahrain ($4.32B).
In 2024, the US traded $4.44 billion in goods and services with Cyprus.
Total trade value (imports + exports) with the US (2024), by select countries
Another way to look at international trade is through trade balance. A nation that imports more than it exports, has a trade deficit. One that exports more than it imports has a trade surplus. Neither is inherently good or bad; trade balance is just a metric that shows the relationship between imports and exports.
The US has had a trade deficit with Cyprus every year from 2016 through 2024. The 2024 deficit was $415 million, a decrease from 2023's deficit of $499 million.
The trade deficit with Cyprus increased to $415M in 2024.
Annual trade balance with Cyprus, not adjusted for inflation
In 2024, 97.5% of imports from Cyprus to the US were services. The largest category was transport (transactions associated with moving people and property from one location to another, like passenger flights and ocean cargo shipping), accounting for $324 million. The top three imports were transport, business services (like R&D, consulting, and tech services), and travel (money leaving the US by Americans spending on things like lodging, meals, transportation, and entertainment abroad). These categories accounted for $594 million of total imports.
The other 2.4% were goods, with capital goods (tools used for the production process, like machinery and equipment) being the largest goods category. Capital goods accounted for $27 million.
Services made up 97.5% of US imports from Cyprus in 2024.
US imports from Cyprus by category (2024)
In 2024, more US exports to Cyprus were services — 89.6%. The largest export was business services, which accounted for a value of $331 million. The top three exports were business services, transport, and travel (money entering the US from foreign visitors on expenses like lodging, meals, transportation, and entertainment). These categories accounted for $543 million of exports to Cyprus.
The other 10.4% were goods, with capital goods being the largest goods category. Capital goods accounted for $119 million.
Services made up 89.6% of US exports to Cyprus in 2024.
US exports to Cyprus by category (2024)
Keep exploring
Methodology
USAFacts standardizes data, in areas such as time and demographics, to make it easier to understand and compare.
The analysis was generated with the help of AI and reviewed by USAFacts for accuracy.
Page sources
USAFacts endeavors to share the most up-to-date information available. We sourced the data on this page directly from government agencies; however, the intervals at which agencies publish updated data vary.
