Press Releases

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

FOREIGNTRADESTATISTICS, FEBRUARY 2021

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

(a)           Total imports of goods (from EU Member States and from third countries) amounted to €738,4 mn in February 2021 as compared to €752,7 mn in February 2020, recording a decrease of 1,9%.

(b)           Exports of domestically produced products, including stores and provisions, in February 2021 were €110,6 mn as compared to €90,3 mn in February 2020, recording an increase of 22,5%. Domestic exports of industrial products in February 2021 were €102,4 mn compared to €80,0 mn in February 2020, whilst domestic exports of agricultural products in February 2021 were €6,9 mn compared to €8,2 mn in February 2020.

(c)            Exports of foreign products, including stores and provisions, in February 2021 were €67,0 mn as compared to €128,0 mn in February 2020, recording a decrease of 47,7%.

The data are included in the monthly electronic publication “Intra & Extra EU Trade Statistics (Summarised Data)” for February 2021, which is available free of charge from the website of the Statistical Service, under the section “Publications” in the statistical theme Foreign Trade.

FOREIGNTRADESTATISTICS, MARCH 2021

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

(a)                  Total imports of goods were €584,4 mn as compared to €621,9 mn in March 2020, recording a decrease of 6,0%. Imports from other EU Member States in March 2021 were €403,0 mn and from third countries €181,4 mn, compared to €322,5 mn and €299,3 mn respectively in March 2020. Imports in March 2021 include the transfer of economic ownership of mobile transport equipment (vessels), with total value of €25,8 mn as compared to €128,5 mn in March 2020.

(b)                  Total exports of goods in March 2021 were €217,7 mn as compared to €295,7 mn in March 2020, recording a decrease of 26,4%. Exports to other EU Member States in March 2021 were €66,2 mn and to third countries €151,5 mn, compared to €65,0 mn and €230,8 mn respectively in March 2020. Exports in March 2021 include the transfer of economic ownership of mobile transport equipment (vessels), with total value of €40,8 mn as compared to €154,5 mn in March 2020.

(c)                   Total imports of goods (from EU Member States and from third countries) in January – March 2021 amounted to €1.917,1 mn as compared to €2.074,9 mn in January – March 2020, recording a decrease of 7,6%. Total exports of goods (to EU Member States and to third countries) in January – March 2021 were €550,6 mn compared to €734,6 mn in January – March 2020, registering a decrease of 25,1%. The trade deficit was €1.366,5 mn in January – March 2021 compared to €1.340,3 mn in the corresponding period of 2020.

EH/SCH