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Cyprus

Cyprus ranked No. 152 in total trade value through October with a total of $173.66 million. Exports totaled $113.15 million and Imports totaled $60.51 million, a surplus of $52.64 million.

January – October 2018

Top Trading Ports

Total Trade: $173.66 million

RankPortTotal YTD
1Port of Houston $24,082,716
2Port of Newark $20,178,876
3Cleveland’s Hopkins International Airport, Ohio $18,286,323
4Port of Galveston, Texas $12,021,276
5Los Angeles International Airport $10,521,183
6Port of Portsmouth, N.H. $10,041,760
7John F. Kennedy International Airport $7,662,237
8Port of New York $7,539,947
9Buffalo Peace Bridge, NY $7,449,772
10Port of Philadelphia $4,986,665

U.S. trade with Cyprus rose to $173.66 million through October

Cyprus’s trade with the United States rose to $173.66 million through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 65.46 percent above its total trade during the same time period last year. Cyprus’s exports increased 79.83 percent while imports rose 43.96 percent. The U.S. surplus with Cyprus was $52.64 million.

Through October, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Houston; No. 2 Port of Newark; No. 3 Cleveland’s Hopkins International Airport, Ohio; No. 4 Port of Galveston, Texas; and No. 5 Los Angeles International Airport. During the same period the previous year, the top five were No. 1 Port of Newark No. 2 Port of Philadelphia No. 3 Port of Houston No. 4 Cleveland’s Hopkins International Airport, Ohio and No. 5 Port of New York. In the current time period, the top five accounted for 49 percent of Cyprus’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Houston rose 203.7 percent to $24.08 million.
    Exports rose 235.61 percent to $22.93 million. Imports rose 4.87 percent to $1.15 million.
  • Trade with No. 2 Port of Newark rose 13.28 percent to $20.18 million.
    Exports fell 15.11 percent to $1.21 million. Imports rose 15.74 percent to $18.97 million.
  • Trade with No. 3 Cleveland’s Hopkins International Airport, Ohio rose 170.78 percent to $18.29 million.
    Exports rose 43.89 percent to $4.79 million. Imports rose 294.17 percent to $13.5 million.
  • Trade with No. 4 Port of Galveston, Texas totaled $12.02 million.
    Exports totaled $12.02 million. There were no imports.
  • Trade with No. 5 Los Angeles International Airport rose 234.91 percent to $10.52 million.
    Exports rose 105.83 percent to $3.64 million. Imports rose 400.73 percent to $6.89 million.

Cyprus ranked No. 152 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 160.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Cyprus by value through October were the categories of Parts for heavy machinery; Ethyl alcohol; Civilian aircraft, parts; Miscellaneous machines, parts; and Low value shipments, respectively. They accounted for 44.61 percent of total exports to Cyprus.

The value of the top five categories of U.S. imports from Cyprus –– Electrical resistors, except heating resistors; Cheese and curd; Various forms of salt; Value added to a returned import; and Fish, fresh or chilled –– accounted for 71.87 percent of all inbound shipments.

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

  • Parts for heavy machinery rose 712.75 percent compared to last year to $12.13 million.
  • Ethyl alcohol totaled $12.02 million. The previous year, there were no exports in this category.
  • Civilian aircraft, parts rose 142.63 percent compared to last year to $11.97 million.
  • Miscellaneous machines, parts rose 3274.74 percent compared to last year to $10.04 million.
  • Low value shipments rose 48.59 percent compared to last year to $4.31 million.

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

  • Electrical resistors, except heating resistors rose 96.83 percent compared to last year to $30.96 million.
  • Cheese and curd rose 23.91 percent compared to last year to $5.22 million.
  • Various forms of salt rose 1100.44 percent compared to last year to $2.72 million.
  • Value added to a returned import rose 49.22 percent compared to last year to $2.67 million.
  • Fish, fresh or chilled rose 78.82 percent compared to last year to $1.92 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.