10-04-2023 14:24
Foreign Trade Statistics: January 2023 (final data) and February 2023 (provisional data)
Annual Change in February +3,5% in Imports and -23,2% in Exports
February 2023, Provisional Data:
Total imports of goods in February 2023 were €762,0 mn as compared to €736,3 mn in February 2022, recording an increase of 3,5%. Imports from other EU Member States were €527,1 mn and from third countries €234,9 mn, compared to €461,4 mn and €274,8 mn respectively in February 2022. Imports in February 2023 include the transfer of economic ownership of mobile transport equipment (vessels), with total value of €56,8 mn as compared to €64,5 mn in February 2022.
Total exports of goods in February 2023 were €231,1 mn as compared to €300,9 mn in February 2022, recording a decrease of 23,2%. Exports to other EU Member States were €62,7 mn and to third countries €168,3 mn, compared to €68,8 mn and €232,1 mn respectively in February 2022. Exports in February 2023 include the transfer of economic ownership of mobile transport equipment (vessels), with total value of €60,2 mn as compared to €70,6 mn in February 2022.
Total imports of goods in January–February 2023 amounted to €2.474,3 mn as compared to €1.487,4 mn in January–February 2022, recording an increase of 66,3%. Total exports of goods in January–February 2023 were €546,6 mn compared to €523,3 mn in January–February 2022, registering an increase of 4,5%. The trade deficit was €1.927,7 mn in January–February 2023 compared to €964,1 mn in the corresponding period of 2022.
January 2023, Final Data:
Total imports of goods amounted to €1.712,3 mn in January 2023 as compared to €751,2 mn in January 2022, recording an increase of 127,9%.
Exports of domestically produced products, including stores and provisions, in January 2023 were €140,1 mn as compared to €101,3 mn in January 2022, recording an increase of 38,3%. Domestic exports of industrial products in January 2023 were €132,0 mn compared to €93,5 mn in January 2022, whilst domestic exports of agricultural products in January 2023 were €7,3 mn compared to €6,7 mn in January 2022.
Exports of foreign products, including stores and provisions, in January 2023 were €175,5 mn as compared to €121,1 mn in January 2022, recording an increase of 44,9%.
Table |
||
Year and Month |
Total Imports |
Total Exports |
€000’s |
€000’s |
|
2023 |
|
|
February |
762.000 |
231.071 |
January |
1.712.300 |
315.554 |
2022 |
|
|
December |
808.474 |
590.039 |
November |
1.008.768 |
345.186 |
October |
931.164 |
417.172 |
September |
869.426 |
287.744 |
August |
963.215 |
268.201 |
July |
1.034.170 |
425.272 |
June |
1.203.970 |
293.641 |
May |
1.165.742 |
435.116 |
April |
838.640 |
279.026 |
March |
978.975 |
324.377 |
February |
736.253 |
300.875 |
January |
751.170 |
222.399 |
Note: Data for January 2023 have been revised. Data for February 2023 are provisional.
Methodological information
Statistical Value:
The statistical value is the value of the goods at the time and place they cross the border of Cyprus.
Domestic and Foreign Goods:
Domestically produced goods are goods wholly obtained in Cyprus or goods produced in another country but their last economically substantial processing or processing that led to the manufacture of a new product or representing an important stage of manufacture, took place in Cyprus. Goods that were originally imported and have undergone repair or other minor operations which leave them essentially unchanged are not defined as domestic.
Foreign goods are goods which were not produced in the economic territory of Cyprus and compensating goods obtained under the outward processing procedure when such processing confers foreign origin.
Partner Country:
Intra-EU exports and extra-EU exports are classified by the Member State of the EU and country of final destination of the goods, respectively. The last country to which the goods are known to be specifically directed on their outward movement from the reporting country is regarded as their final destination.
For extra-EU imports, the trading partner is the country of origin. In general, goods obtained entirely from a given country originate in that country. A product in the production of which two or more countries are involved, is considered as originating in the country in which the last substantial, economically justified transformation or processing took place, resulting in the manufacture of a new product or representing an important stage of manufacture.
For intra-EU imports, the trading partner is the Member State of consignment of the goods.
The United Kingdom is considered as an extra-EU partner country for the EU. Imports from the United Kingdom are recorded by country of consignment until 31 December 2020. As of January 2021 onwards, for trade with Northern Ireland imports are recorded by country of consignment while for trade with the United Kingdom (excluding Northern Ireland) imports are recorded by country of origin. For these reasons data on trade with the United Kingdom are not fully comparable with data on trade with other extra-EU trade partners for reference periods before and after the end of 2020.
For more information:
CYSTAT Portal, subtheme External Trade
CYSTAT-DB (Online Database)
Predefined Tables (Excel)
The Predefined Tables, available in Excel format, include data up to December 2022. Data from January 2023 onwards are available only in the CYSTAT-DB Online Database.
Contact:
Ioanna Leontiou – Tel: +357 22 605122, email: ileontiou@cystat.mof.gov.cy
Elina Toumbaki – Tel: +357 22 602214, email: etoumbaki@cystat.mof.gov.cy
(MV/SCH)
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