Press Releases

The Statistical Service of Cyprus announces the release of final data on the foreign trade of Cyprus for December 2020 and of provisional data for January 2021.

ForeignTradeStatistics, December 2020

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

(a) Total imports of goods (from EU Member States and from third countries) amounted to €678,4 mn in December 2020 as compared to €689,8 mn in December 2019, recording a decrease of 1,7%.

(b) Exports of domestically produced products, including stores and provisions, in December 2020 were €106,9 mn as compared to €92,7 mn in December 2019, recording an increase of 15,3%. Domestic exports of industrial products in December 2020 were €98,9 mn compared to €83,7 mn in December 2019, whilst domestic exports of agricultural products in December 2020 were €6,1 mn compared to €6,6 mn in December 2019.

(c) Exports of foreign products, including stores and provisions, in December 2020 were €84,1 mn as compared to €160,0 mn in December 2019, recording a decrease of 47,4%.

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

ForeignTradeStatistics, January 2021

On the basis of provisional data, the main developments in the foreign trade of Cyprus in January 2021 can be summarized as follows:

(a) Total imports of goods were €568,4 mn as compared to €700,3 mn in January 2020, recording a decrease of 18,8%. Imports from other EU Member States in January 2021 were €345,6 mn and from third countries €222,8 mn, compared to €425,5 mn and €274,8 mn respectively in January 2020. Imports in January 2021 include the transfer of economic ownership of mobile transport equipment (vessels), with total value of €100,5 mn as compared to €113,6 mn in January 2020.

(b) Total exports of goods in January 2021 were €155,3 mn as compared to €220,6 mn in January 2020, recording a decrease of 29,6%. Exports to other EU Member States in January 2021 were €63,5 mn and to third countries €91,7 mn, compared to €73,5 mn and €147,1 mn respectively in January 2020. Exports in January 2021 include the transfer of economic ownership of mobile transport equipment (vessels and aircrafts), with total value of €35,7 mn as compared to €44,2 mn in January 2020.

(c) The trade deficit was €413,1 mn in January 2021 compared to €479,8 mn in January 2020.

(IK/SCH)