Press Releases

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

FOREIGN TRADESTATISTICS, NOVEMBER 2020

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

(a)  Total imports of goods (from EU member states and from third countries) amounted to €636,7 mn in November 2020 as compared to €660,7 mn in November 2019, recording a decrease of 3,6%.

(b)  Exports of domestically produced products, including stores and provisions, in November 2020 were €98,3 mn as compared to €96,4 mn in November 2019, recording an increase of 2,0%. Domestic exports of industrial products in November 2020 were €92,6 mn compared to €88,4 mn in November 2019, whilst domestic exports of agricultural products in November 2020 were €4,2 mn compared to €6,4 mn in November 2019.

(c)  Exports of foreign products, including stores and provisions, in November 2020 were €48,2 mn as compared to €136,3 mn in November 2019, recording a decrease of 64,6%.

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

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

(a)  Total imports of goods were €664,9 mn as compared to €689,8 mn in December 2019, recording a decrease of 3,6%. Imports from other EU member states in December 2020 were €390,9 mn and from third countries €274,0 mn, compared to €374,7 mn and €315,1 mn respectively in December 2019. Imports in December 2020 include the transfer of economic ownership of mobile transport equipment (vessels), with total value of €94,3 mn as compared to €134,5 mn in December 2019.

(b) Total exports of goods in December 2020 were €191,8 mn as compared to €252,7 mn in December 2019, recording a decrease of 24,1%. Exports to other EU member states in December 2020 were €58,5 mn and to third countries €133,3 mn, compared to €96,7 mn and €156,0 mn respectively in December 2019. Exports in December 2020 include the transfer of economic ownership of mobile transport equipment (vessels), with total value of €44,7 mn as compared to €101,5 mn in December 2019.

(c)  Total imports of goods (from EU Member States and from third countries) in January – December 2020 amounted to €7.539,9 mn as compared to €8.200,1 mn in January – December 2019, recording a decrease of 8,1%. Total exports of goods (to EU member states and to third countries) in January – December 2020 were €2.740,6 mn compared to €3.137,0 mn in January – December 2019, registering a decrease of 12,6%. The trade deficit was €4.799,3 mn in January – December 2020 compared to €5.063,1 mn in the corresponding period of 2019.

(EK/SCH)