The Statistical Service of Cyprus announces the release of final data on the foreign trade of Cyprus for July 2022 and of provisional data for August 2022.

Foreign Trade Statistics, July 2022

The main developments in the foreign trade of Cyprus in July 2022 were:

(a) Total imports of goods (from EU Member States and from third countries) amounted to €1.033,1 mn in July 2022 as compared to €782,3 mn in July 2021, recording an increase of 32,1%.

(b) Exports of domestically produced products, including stores and provisions, in July 2022 were €173,3 mn as compared to €149,2 mn in July 2021, recording an increase of 16,2%. Domestic exports of industrial products in July 2022 were €166,5 mn compared to €143,3 mn in July 2021, whilst domestic exports of agricultural products in July 2022 were €5,3 mn compared to €4,5 mn in July 2021.

(c) Exports of foreign products, including stores and provisions, in July 2022 were €243,6 mn as compared to €202,9 mn in July 2021, recording an increase of 20,1%.

The data are included in the monthly electronic publication “Intra & Extra EU Trade Statistics (Summarised Data)” for July 2022, which is available free of charge οn the CYSTAT portal, under the section “Publications” in the statistical theme External Trade.

Foreign Trade Statistics, August 2022

On the basis of provisional data, the main developments in the foreign trade of Cyprus in August 2022 can be summarized as follows:

(a) Total imports of goods were €944,0 mn as compared to €706,2 mn in August 2021, recording an increase of 33,7%. Imports from other EU Member States in August 2022 were €601,8 mn and from third countries €342,2 mn, compared to €458,8 mn and €247,4 mn respectively in August 2021. Imports in August 2022 include the transfer of economic ownership of mobile transport equipment (vessels), with total value of €88,5 mn as compared to €118,4 mn in August 2021.

(b) Total exports of goods in August 2022 were €254,3 mn as compared to €283,8 mn in August 2021, recording a decrease of 10,4%. Exports to other EU Member States in August 2022 were €76,7 mn and to third countries €177,6 mn, compared to €53,6 mn and €230,2 mn respectively in August 2021. Exports in August 2022 include the transfer of economic ownership of mobile transport equipment (vessels), with total value of €19,7 mn as compared to €96,3 mn in August 2021.

(c) Total imports of goods (from EU Member States and from third countries) in January – August 2022 amounted to €7.640,2 mn as compared to €5.548,4 mn in January – August 2021, recording an increase of 37,7%. Total exports of goods (to EU Member States and to third countries) in January – August 2022 were €2.520,1 mn compared to €1.960,9 mn in January – August 2021, registering an increase of 28,5%. The trade deficit was €5.120,1 mn in January – August 2022 compared to €3.587,5 mn in the corresponding period of 2021.

For more information:

CYSTAT Portal, subtheme External Trade, CYSTAT-DB (Online Database), Predefined Tables (Excel), Publications

(NG/SCH)