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09-04-2021 14:01

Foreign Trade Statistics January 2021 (Final Data) and February 2021 (Provisional Data)

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

FOREIGN TRADE STATISTICS, JANUARY 2021

The main developments in the foreign trade of Cyprus in January 2021 were:

(a)           Total imports of goods (from EU member states and from third countries) amounted to €594,4 mn in January 2021 as compared to €700,3 mn in January 2020, recording a decrease of 15,1%.

(b)           Exports of domestically produced products, including stores and provisions, in January 2021 were €85,8 mn as compared to €106,8 mn in January 2020, recording a decrease of 19,7%. Domestic exports of industrial products in January 2021 were €76,8 mn compared to €98,5 mn in January 2020, whilst domestic exports of agricultural products in January 2021 were €7,6 mn compared to €6,1 mn in January 2020.

(c)            Exports of foreign products, including stores and provisions, in January 2021 were €69,5 mn as compared to €113,7 mn in January 2020, recording a decrease of 38,9%.

The data are included in the monthly electronic publication “Intra & Extra EU Trade Statistics (Summarised Data)” for January 2021, 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, FEBRUARY 2021

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

(a)                  Total imports of goods were €733,2 mn as compared to €752,7 mn in February 2020, recording a decrease of 2,6%. Imports from other EU member states in February 2021 were €367,6 mn and from third countries €365,6 mn, compared to €374,1 mn and €378,6 mn respectively in February 2020. Imports in February 2021 include the transfer of economic ownership of mobile transport equipment (vessels and aircrafts), with total value of €220,9 mn as compared to €223,0 mn in February 2020.

(b)                  Total exports of goods in February 2021 were €177,9 mn as compared to €218,3 mn in February 2020, recording a decrease of 18,5%. Exports to other EU member states in February 2021 were €57,4 mn and to third countries €120,4 mn, compared to €73,4 mn and €144,9 mn respectively in February 2020. Exports in February 2021 include the transfer of economic ownership of mobile transport equipment (vessels), with total value of €30,5 mn as compared to €56,7 mn in February 2020.

(c)                   Total imports of goods (from EU member states and from third countries) in     January – February 2021 amounted to €1.327,6 mn as compared to €1.453,0 mn in January – February 2020, recording a decrease of 8,6%. Total exports of goods (to EU member states and to third countries) in January – February 2021 were €333,2 mn compared to €438,9 mn in January – February 2020, registering a decrease of 24,1%. The trade deficit was €994,5 mn in January – February 2021 compared to €1.014,2 mn in the corresponding period of 2020. 

(MG/II)