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10-08-2020 12:56

Foreign Trade Statistics

May 2020 (final data) and June 2020 (provisional data) 

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

FOREIGN TRADE STATISTICS, MAY 2020

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

(a)           Total importsof goods (from EU Member States and from third countries) amounted to €466,2 mn in May 2020 as compared to €726,8 mn in May 2019, recording a decrease of 35,9%.

(b)           Exports of domestically produced products, including stores and provisions, in May 2020 were €104,2 mn as compared to €136,1 mn in May 2019, recording a decrease of 23,4%. Domestic exports of industrial products in May 2020 were €92,5 mn compared to €118,0 mn in May 2019, whilst domestic exports of agricultural products in May 2020 were €10,5 mn compared to €15,7 mn in May 2019.

(c)            Exports of foreign products, including stores and provisions, in May 2020 were €173,1 mn as compared to €158,2 mn in May 2019, recording an increase of 9,4%.

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

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

(a)                  Total imports of goods were €662,8 mn as compared to €775,6 mn in June 2019, recording a decrease of 14,5%. Imports from other EU Member States in June 2020 were €384,9 mn and from third countries €277,9 mn, compared to €488,1 mn and €287,5 mn respectively in June 2019. Imports in June 2020 include the transfer of economic ownership of mobile transport equipment (vessels), with total value of €94,6 mn as compared to €157,3 mn in June 2019.

(b)                  Total exportsof goods in June 2020 were €273,3 mn as compared to €231,9 mn in June 2019, recording an increase of 17,9%. Exports to other EU Member States in June 2020 were €123,3 mn and to third countries €150,0 mn, compared to €74,1 mn and €157,8 mn respectively in June 2019. Exports in June 2020 include the transfer of economic ownership of mobile transport equipment (vessels), with total value of €83,8 mn as compared to €34,5 mn in June 2019.

(c)                   Total imports of goods (from EU Member States and from third countries) in January – June 2020 amounted to €3.653,5 mn as compared to €4.120,6 mn in January – June 2019, recording a decrease of 11,3%. Total exports of goods (to EU Member States and to third countries) in January – June 2020 were €1.540,5 mn compared to €1.711,0 mn in January – June 2019, registering a decrease of 10,0%. The trade deficit was €2.113,0 mn in January – June 2020 compared to €2.409,6 mn in the corresponding period of 2019.

EH/SCH