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Cyprus

Cyprus ranked No. 146 in total trade value through August with a total of $149.07 million. Exports totaled $113.85 million and Imports totaled $35.22 million, a surplus of $78.64 million.

January – August 2019

Top Trading Ports

Total Trade: $149.07 million

RankPortTotal YTD
1Port of Mobile, Ala. $59,373,082
2Los Angeles International Airport $13,142,986
3Port of Houston $8,750,083
4John F. Kennedy International Airport $8,687,399
5Port of Newark $7,836,494
6Port of New York $7,265,579
7Cleveland’s Hopkins International Airport, Ohio $6,698,837
8Low-Valued Imports and Exports $5,298,381
9Port of Savannah, Ga. $3,665,263
10Houston’s George Bush Intercontinental Airport, Texas $3,010,592

U.S. trade with Cyprus rose to $149.07 million through August

Cyprus’s trade with the United States rose to $149.07 million through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 7.09 percent above its total trade during the same time period last year. U.S. exports to Cyprus increased 30.39 percent while U.S. imports from Cyprus fell 32.12 percent. The U.S. surplus with Cyprus was $78.64 million.

Through August, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Mobile, Ala.; No. 2 Los Angeles International Airport; No. 3 Port of Houston; No. 4 John F. Kennedy International Airport; and No. 5 Port of Newark. During the same period the previous year, the top five were No. 1 Port of Newark No. 2 Cleveland’s Hopkins International Airport, Ohio No. 3 Port of Galveston, Texas No. 4 Port of Houston and No. 5 Port of Portsmouth, N.H.. In the current time period, the top five accounted for 65.6 percent of Cyprus’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Mobile, Ala. totaled $59.37 million.
    Exports totaled $59.34 million. Imports totaled $35,950.
  • Trade with No. 2 Los Angeles International Airport rose 39.93 percent to $13.14 million.
    Exports fell 14.65 percent to $2.65 million. Imports rose 66.8 percent to $10.5 million.
  • Trade with No. 3 Port of Houston fell 17.54 percent to $8.75 million.
    Exports fell 38.65 percent to $5.92 million. Imports rose 192.76 percent to $2.83 million.
  • Trade with No. 4 John F. Kennedy International Airport rose 33.51 percent to $8.69 million.
    Exports rose 15.48 percent to $3.26 million. Imports rose 47.3 percent to $5.43 million.
  • Trade with No. 5 Port of Newark fell 54.73 percent to $7.84 million.
    Exports rose 97.47 percent to $1.72 million. Imports fell 62.79 percent to $6.12 million.

Cyprus ranked No. 146 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 151.

Meanwhile, total U.S. trade with the world increased to $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Cyprus by value through August were the categories of Insulated wire, cable; Taps, cocks and valves for pipes, tanks; Misc. iron and steel articles; Misc. engines and motors, parts; and Low value shipments, respectively. They accounted for 49.61 percent of total exports to Cyprus.

The value of the top five categories of U.S. imports from Cyprus –– Electrical resistors, except heating resistors; Value added to a returned import; Cheese and curd; Fish, fresh or chilled; and Various forms of salt –– accounted for 70.69 percent of all inbound shipments.

Looking more closely at U.S. exports to Cyprus:

  • Insulated wire, cable rose 6128.7 percent compared to last year to $22.65 million.
  • Taps, cocks and valves for pipes, tanks rose 6364.74 percent compared to last year to $15.46 million.
  • Misc. iron and steel articles rose 3496.27 percent compared to last year to $7.45 million.
  • Misc. engines and motors, parts rose 1892.46 percent compared to last year to $5.62 million.
  • Low value shipments rose 60.96 percent compared to last year to $5.3 million.

Looking more closely at U.S. imports from Cyprus:

  • Electrical resistors, except heating resistors fell 62.34 percent compared to last year to $11.22 million.
  • Value added to a returned import rose 466.33 percent compared to last year to $7.27 million.
  • Cheese and curd fell 15.17 percent compared to last year to $3.81 million.
  • Fish, fresh or chilled fell 6.34 percent compared to last year to $1.42 million.
  • Various forms of salt rose 58.89 percent compared to last year to $1.19 million.

In the latest annual figures available, Cyprus recorded $127.17 million in trade with the United States. At year’s end, its were New York City; Cleveland; Houston; New Orleans; and Los Angeles. Total U.S. exports to Cyprus were $ 79.72 million and imports from Cyprus were $47.44 million. The U.S. surplus with Cyprus was $32.28 million.