Products Imported from China to Cyprus

In the calendar year of 2023, China exported goods worth US$1.36 billion to Cyprus. Among the main exports from China to Cyprus were Passenger and Cargo Ships (US$633 million), Refined Petroleum (US$46.1 million), Air Conditioners (US$29.1 million), Railway Cargo Containers (US$27.44 million) and Semiconductor Devices (US$27.00 million). Over the span of 28 years, China’s exports to Cyprus have grown steadily at an annualized rate of 11.4%, rising from US$74.3 million in 1995 to US$1.36 billion in 2023.

List of All Products That Were Imported from China to Cyprus

The table below presents a comprehensive list of all commodities that were exported from China to Cyprus in 2023, categorized by product types, and ranked by their trade values in US dollars.

Tips to use this table

1. Identifying High-Demand Products: Analyze the top-ranked products to identify which items have the highest trade values. These products are likely to be in high demand in the Cyprus market, presenting lucrative opportunities for importers and resellers.
2. Niche Market Exploration: Explore products with significant trade values that may not be commonly known. These niche products could represent untapped market segments with less competition, allowing resellers and importers to carve out a unique position in the market.

Last Updated: April, 2024

Note #1: The HS4 code, or Harmonized System 4-digit code, is part of the Harmonized Commodity Description and Coding System (HS). It’s an internationally standardized system for classifying goods in international trade.

Note #2: This table is regularly updated on an annual basis. Therefore, we encourage you to revisit frequently to access the latest information regarding trade between China and Cyprus.

Trade Agreements between China and Cyprus

China and Cyprus have cultivated a cooperative relationship through various trade and investment agreements, which aim to enhance economic ties and mutual growth. Here are some key agreements between the two countries:

1. Bilateral Investment Treaty (BIT) (2001) – Signed in 2001, this treaty aims to promote and protect investments between the two countries, offering a more predictable and secure legal environment for investors from both nations. This treaty encourages mutual economic investments and helps to increase confidence among investors.
2. Double Taxation Avoidance Agreement (DTAA) (1990) – This agreement, established to avoid double taxation and prevent fiscal evasion with respect to taxes on income, was signed in 1990. It facilitates economic transactions and enhances fiscal stability for businesses operating between the two countries, making it easier for companies to manage their tax liabilities.
3. Memorandums of Understanding (MoUs) on Economic and Technical Cooperation (2015) – These MoUs cover a broad spectrum of sectors including commerce, technology, and infrastructure, promoting deeper cooperation. They focus on joint ventures and collaborative projects, which are beneficial for bilateral economic growth and development.
4. Cooperation in Maritime Transport (2017) – Reflecting their strategic maritime positions, this agreement facilitates shipping and maritime logistics between China and Cyprus, which is crucial given Cyprus’s status as a major maritime hub in the Mediterranean.
5. Participation in the Belt and Road Initiative (BRI) – Cyprus has engaged with China’s Belt and Road Initiative, which seeks to enhance trade routes between Asia and Europe. Cyprus’s participation aims to leverage its geographical location to become a key transit point in maritime Silk Road routes, potentially boosting its economy through increased trade and investment flows.

These agreements collectively contribute to a robust framework for economic interaction, which enhances the investment climate and trade relations between China and Cyprus. They focus on creating opportunities in various sectors, ensuring a stable and supportive environment for businesses and investors from both countries.