articles | 01 April 2024

Cyprus’ top export items: minerals, halloumi, pharmaceuticals

Cyprus’ main exports for 2023 included minerals, oil, halloumi cheese, and pharmaceutical products, according to a report by the state’s statistical service (Cystat).

The report revealed that Cyprus exported domestically produced products amounting to €508.39 million to EU countries during 2023, along with €1.84 billion worth of products to third countries. Moreover, the primary products exported by Cyprus to EU countries were pharmaceutical products, accounting for 38.5 per cent in value at €195.5 million, followed by halloumi cheese at 22.6 per cent, valued at €115.14 million. In addition, waste and scraps from paper, glass, and metals represented 7.6 per cent in value at €38.7 million, while exported potatoes stood at 6.7 per cent, with a total value of €34.15 million. In terms of exports to third countries, 62.5 per cent of Cyprus’ exported products in 2023 were minerals, and oil, totalling €1.15 billion.

Halloumi cheese accounted for 10.7 per cent of exports to third countries, valued at €198.15 million, pharmaceutical products constituted 8.7 per cent at €160.1 million, and fruit and vegetable juices accounted for 2.1 per cent, valued at €296.4 million.

It should be noted that domestically produced products are goods entirely manufactured in Cyprus or items produced in another country but underwent significant economic processing or modification within Cyprus, resulting in the creation of a new product or representing a significant stage in the manufacturing process.

Source: Cyprus Mail

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