Press Releases

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

FOREIGNTRADESTATISTICS, OCTOBER 2020

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

(a) Total imports of goods (from EU Member States and from third countries) amounted to €824,2 mn in October 2020 as compared to €692,9 mn in October 2019, recording an increase of 18,9%.

(b) Exports of domestically produced products, including stores and provisions, in October 2020 were €93,7 mn as compared to €112,7 mn in October 2019, recording a decrease of 16,9%. Domestic exports of industrial products in October 2020 were €88,1 mn compared to €106,2 mn in October 2019, whilst domestic exports of agricultural products in October 2020 were €3,8 mn compared to €4,4 mn in October 2019.

(c) Exports of foreign products, including stores and provisions, in October 2020 were €178,3 mn as compared to €131,0 mn in October 2019, recording an increase of 36,1%.

The data are included in the monthly electronic publication “Intra & Extra EU Trade Statistics (Summarised Data)” for October 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 TRADESTATISTICS, NOVEMBER 2020

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

(a) Total imports of goods were €619,5 mn as compared to €660,7 mn in November 2019, recording a decrease of 6,2%. Imports from other EU Member States in November 2020 were €387,6 mn and from third countries €231,9 mn, compared to €398,0 mn and €262,6 mn respectively in November 2019. Imports in November 2020 include the transfer of economic ownership of mobile transport equipment (vessels), with total value of €58,3 mn as compared to €76,4 mn in November 2019.

(b) Total exports of goods in November 2020 were €146,1 mn as compared to €232,7 mn in November 2019, recording a decrease of 37,2%. Exports to other EU Member States in November 2020 were €47,6 mn and to third countries €98,5 mn, compared to €55,9 mn and €176,7 mn respectively in November 2019. Exports in November 2020 include the transfer of economic ownership of mobile transport equipment (vessels), with total value of €9,5 mn as compared to €78,1 mn in November 2019.

(c) Total imports of goods (from EU Member States and from third countries) in January – November 2020 amounted to €6.859,1 mn as compared to €7.510,3 mn in January – November 2019, recording a decrease of 8,7%. Total exports of goods (to EU Member States and to third countries) in January – November 2020 were €2.547,0 mn compared to €2.884,2 mn in January – November 2019, registering a decrease of 11,7%. The trade deficit was €4.312,1 mn in January – November 2020 compared to €4.626,1 mn in the corresponding period of 2019.

(IK/SCH)