|Export goods||citrus, potatoes, pharmaceuticals, cement, clothing|
|Main export partners||Libya 9.4% Greece 7.7% Norway 6.7% United Kingdom 5.3% Germany 4.1% (2017)|
|Imports||$7.935 billion (2017 est.)|
|Import goods||consumer goods, petroleum and lubricants, machinery, transport equipment|
What are the major imports of Cyprus?
Imports The top imports of Cyprus are Refined Petroleum ($1.99B), Passenger and Cargo Ships ($1.08B), Cars ($498M), Coal Tar Oil ($429M), and Special Purpose Ships ($349M), importing mostly from Greece ($1.96B), Italy ($1.23B), Turkey ($1.01B), Russia ($662M), and Germany ($662M).
What products does Cyprus import?
On a smaller scale, Cyprus imports crude petroleum, computers, broadcasting equipment, and textiles. Cyprus’ partner countries when it comes to imports are Greece, Turkey, and Israel. Cyprus imports almost 15% of its goods from Greece, and then Turkey and Israel supply about 8% of Cyprus’ total imported goods.
What products does Cyprus export?
Cyprus mostly exports citrus fruits, cement, potatoes, clothing and pharmaceuticals. Cyprus’ largest, and most important, trading partner is the European Union, which accounts for 50% of all Cypriot trade flows, followed by the Middle East, destination for 20% of exports from Cyprus.
What does Cyprus produce?
The major crops of the Greek Cypriot sector include grapes, deciduous fruits, potatoes, cereal grains, vegetables, olives, and carobs. The area under Turkish occupation produces the bulk of the country’s citrus fruits, wheat, barley, carrots, tobacco, and green fodder.
How does Cyprus make money?
Services such as tourism, finance, shipping, and real estate account for more than 80 percent of GDP.
What countries does Cyprus trade with?
In 2017, Cyprus major trading partner countries for exports were Libya, Greece, Norway, United Kingdom and Unspecified and for imports they were Greece, Italy, China, Germany and Korea, Rep..
What is the main industry in Cyprus?
MAJOR INDUSTRIES: Agriculture, Cement, Chemicals, Fishing, Food Processing, Mining, Non Electric Machinery, Petroleum Refining, Textiles and Clothing, Tourism, Wine Making. MAIN EXPORTS: Asbestos, Cement, Chemicals, Cigarettes, Citrus Fruits, Footwear, Potatoes, Wine.
Is Cyprus a first world country?
These countries have capitalist economies. To be classified as a First World country, several factors are considered.
First World Countries 2021.
|Country||Human Development Index||2021 Population|
|United Arab Emirates||0.863||9,991,089|
Is Cyprus a rich island?
The people of the Greek zone are among the most affluent in the world. According to the World Bank’s Development Report, Cyprus is ranked 16th in terms of per capita income adjusted for purchasing power. In 1988 per capita income was US$15,500, according to the CIA World Factbook .
What is the main source of income in Cyprus?
The services sector, including tourism, contributes almost 80% to GDP and employs more than 70% of the labor force. Industry and construction account for approximately one-fifth of GDP and labor, while agriculture is responsible for 2.1% of GDP and 8.5% of the labor force.