Press Releases

The Statistical Service of Cyprus announces the release of final data on the foreign trade of Cyprus for August 2020 and of provisional data for September 2020.

FOREIGN TRADE STATISTICS, AUGUST 2020

The main developments in the foreign trade of Cyprus in August 2020 were:

(a)           Total imports of goods (from EU Member States and from third countries) amounted to €498,7 mn in August 2020 as compared to €611,2 mn in August 2019, recording a decrease of 18,4%.

(b)           Exports of domestically produced products, including stores and provisions, in August 2020 were €101,9 mn as compared to €84,6 mn in August 2019, recording an increase of 20,4%. Domestic exports of industrial products in August 2020 were €96,6 mn compared to €78,1 mn in August 2019, whilst domestic exports of agricultural products in August 2020 were €3,7 mn compared to €4,6 mn in August 2019.

(c)            Exports of foreign products, including stores and provisions, in August 2020 were €95,6 mn as compared to €146,0 mn in August 2019, recording a decrease of 34,5%.

The data are included in the monthly electronic publication “Intra & Extra EU Trade Statistics (Summarised Data)” for August 2020, which is available free of charge from the website of the Statistical Service, under the section “Publications” in the statistical theme Foreign Trade.

FOREIGN TRADE STATISTICS, SEPTEMBER 2020

On the basis of provisional data, the main developments in the foreign trade of Cyprus in September 2020 can be summarized as follows:

(a)                  Total imports of goods were €570,3 mn as compared to €718,3 mn in September 2019, recording a decrease of 20,6%. Imports from other EU Member States in September 2020 were €386,4 mn and from third countries €184,0 mn, compared to €416,7 mn and €301,6 mn respectively in September 2019. Imports in September 2020 include the transfer of economic ownership of mobile transport equipment (vessels), with total value of €48,0 mn as compared to €124,3 mn in September 2019.

(b)                  Total exports of goods in September 2020 were €176,4 mn as compared to €220,0 mn in September 2019, recording a decrease of 19,8%. Exports to other EU Member States in September 2020 were €57,9 mn and to third countries €118,5 mn, compared to €73,4 mn and €146,7 mn respectively in September 2019. Exports in September 2020 include the transfer of economic ownership of mobile transport equipment (vessels), with total value of €17,4 mn as compared to €15,9 mn in September 2019.

(c)                   Total imports of goods (from EU Member States and from third countries) in January – September 2020 amounted to €5.399,2 mn as compared to €6.156,7 mn in January – September 2019, recording a decrease of 12,3%. Total exports of goods (to EU Member States and to third countries) in January – September 2020 were €2.130,1 mn compared to €2.410,2 mn in January – September 2019, registering a decrease of 11,6%. The trade deficit was €3.269,1 mn in January – September 2020 compared to €3.746,5 mn in the corresponding period of 2019.

EH/SCH